Companies

S&P 500 Companies Report Record Profit Margins

S&P 500 Companies Report Record Profit Margins
A Wall Street road sign near the New York Stock Exchange (NYSE) in New York City on Oct. 16, 2014. Jewel Samad/AFP/Getty Images
Emel Akan
Emel Akan
Reporter
|Updated:

WASHINGTON—Profit margins of S&P 500 companies have soared to their highest level in a decade, as businesses start to see the effects of U.S. tax reform.

The blended net profit margin of companies in the index rose to 11.8 percent in the second quarter, the highest level since financial data provider FactSet began tracking the measure in 2008. It’s also the third consecutive quarter for double-digit earnings growth across the index, according to FactSet.
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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