The Kobeissi Letter(@KobeissiLetter):BREAKING: US corporate profits before tax as a % of GDP are up to a record 14%. This ratio has nearly doubled since the 2008 Financial Crisis. This also exceeds previous peaks of ~13% posted in 1951, 2010, and 2011. Meanwhile, US corporate profits after tax as a % of GDP are up to ~11%, also an all-time high. By comparison, this figure averaged ~5% between 1980 and 1995. This comes as nominal profits after tax have surged +101% since the 2020 pandemic, to a record $3.62 trillion. US corporations are more profitable than ever.

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The Kobeissi Letter@KobeissiLetter

2026.08.08 17:23

BREAKING: US corporate profits before tax as a % of GDP are up to a record 14%. This ratio has nearly doubled since the 2008 Financial Crisis. This also exceeds previous peaks of ~13% posted in 1951, 2010, and 2011. Meanwhile, US corporate profits after tax as a % of GDP are up to ~11%, also an all-time high. By comparison, this figure averaged ~5% between 1980 and 1995. This comes as nominal profits after tax have surged +101% since the 2020 pandemic, to a record $3.62 trillion. US corporations are more profitable than ever.