US Corporate Profits · % of National Income

## What this measures

Corporate profits (with inventory valuation and capital consumption adjustments) as a share of U.S. national income, in percent, each quarter at seasonally adjusted annual rates: CPROFIT ÷ NICUR × 100, a Palanor calculation from BEA's national accounts. Q1 1947 to Q2 2026; each value is dated the first day of its quarter.

## Why it matters

The profit share is capital's headline slice of the economy. A high share supports stock prices and margins; a falling one usually means wages, interest or taxes are taking more.

## How to read it

17.2% in Q2 2026. In this record it ranges from 7.9% (Q4 1982) to 17.2% (Q2 2026). Read it with its counterpart: compensation and corporate profits together are most, not all, of national income.

## What it does not say

National-accounts profits of all U.S. corporations, before tax, at current cost; not S&P 500 earnings. Profits earned abroad by U.S. companies are included; profits of foreign companies in the U.S. are not.

## Source

U.S. Bureau of Economic Analysis, NIPA Table 1.12 (national income by type of income), via FRED: NICUR, COE, CPROFIT. Public domain. Palanor calculation in src/lib/sovereign/us-fiscal.ts.