Corporate Profits After Tax
Returns the total corporate profits after tax for all U.S. corporations, sourced from the Bureau of Economic Analysis.
Data Source
Bureau of Economic Analysis (BEA) - National Income and Product Accounts.
Usage Notes
- No parameters required
- Returns value in billions of dollars (seasonally adjusted annual rate)
- Data updated quarterly
- Measures entire corporate sector profitability
Economic Interpretation
| Trend | Interpretation |
|---|---|
| Rising | Economic expansion, strong business conditions |
| Falling | Economic contraction, weak business conditions |
| Sharp drop | Recession indicator |
Profit Cycle
Corporate profits typically:
- Peak before recessions
- Trough during/after recessions
- Lead stock market by several months
Examples
Corporate profits after tax (billions, SAAR)
When to Use
- Analyzing business cycle trends
- Forecasting stock market direction
- Economic health assessment
- Building macroeconomic dashboards
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need company-specific earnings | EarningsPerShare() |
| Need stock index | DJIA() |
| Need GDP components | GDP-related functions |
Common Issues & FAQ
Q: What units is this in? A: Corporate profits are reported in billions of U.S. dollars at a seasonally adjusted annual rate (SAAR).
Q: Does this include all companies? A: This includes profits of all domestic corporations, including financial and non-financial companies.
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