MarketXLS

Corporate Profits After Tax

3.951T for Q1 2026

Corporate Profits After Tax came in at 3.951T for Q1 2026, up 4.18% from 3.792T the prior quarter and 18.43% above its level of 3.336T one year ago. The series has averaged 718B since 1947, reaching a record high of 3.951T in January 2026 and a record low of 19.2B in April 1949.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Corporate Profits After Tax," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/corporate-profits

Historical Data

Observation dateValue
January 1, 20263.951T
October 1, 20253.792T
July 1, 20253.591T
April 1, 20253.356T
January 1, 20253.336T
October 1, 20243.689T
July 1, 20243.444T
April 1, 20243.469T
January 1, 20243.393T
October 1, 20233.354T
July 1, 20233.291T
April 1, 20233.176T
January 1, 20233.148T
October 1, 20222.892T
July 1, 20223.052T
April 1, 20223.157T
January 1, 20222.927T
October 1, 20212.951T
July 1, 20212.973T
April 1, 20212.985T
January 1, 20212.683T
October 1, 20202.429T
July 1, 20202.556T
April 1, 20201.858T
January 1, 20202.004T
October 1, 20192.121T
July 1, 20192.088T
April 1, 20192.059T
January 1, 20192.045T
October 1, 20182.016T
July 1, 20182.014T
April 1, 20182.063T
January 1, 20181.987T
October 1, 20171.865T
July 1, 20172.062T
April 1, 20172.02T
January 1, 20172.046T
October 1, 20161.927T
July 1, 20161.858T
April 1, 20161.865T
January 1, 20161.806T
October 1, 20151.747T
July 1, 20151.843T
April 1, 20151.899T
January 1, 20151.877T
October 1, 20141.978T
July 1, 20142.011T
April 1, 20141.953T
January 1, 20141.848T
October 1, 20131.913T
July 1, 20131.863T
April 1, 20131.824T
January 1, 20131.831T
October 1, 20121.848T
July 1, 20121.879T
April 1, 20121.86T
January 1, 20121.936T
October 1, 20111.672T
July 1, 20111.592T
April 1, 20111.58T
January 1, 20111.514T
October 1, 20101.648T
July 1, 20101.647T
April 1, 20101.561T
January 1, 20101.571T
October 1, 20091.499T
July 1, 20091.382T
April 1, 20091.199T
January 1, 20091.126T
October 1, 2008773B
July 1, 20081.284T
April 1, 20081.348T
January 1, 20081.326T
October 1, 20071.433T
July 1, 20071.41T
April 1, 20071.462T
January 1, 20071.384T
October 1, 20061.452T
July 1, 20061.495T
April 1, 20061.473T
January 1, 20061.433T
October 1, 20051.408T
July 1, 20051.339T
April 1, 20051.293T
January 1, 20051.266T
October 1, 20041.046T
July 1, 20041.043T
April 1, 2004997B
January 1, 2004955B
October 1, 2003840B
July 1, 2003785B
April 1, 2003743B
January 1, 2003739B
October 1, 2002742B
July 1, 2002669B
April 1, 2002615B
January 1, 2002558B
October 1, 2001513B
July 1, 2001532B
April 1, 2001582B
January 1, 2001563B
October 1, 2000533B
July 1, 2000554B
April 1, 2000559B
January 1, 2000565B
October 1, 1999591B
July 1, 1999569B
April 1, 1999569B
January 1, 1999552B
October 1, 1998519B
July 1, 1998535B
April 1, 1998538B
January 1, 1998539B
October 1, 1997612B
July 1, 1997608B
April 1, 1997585B
January 1, 1997564B
October 1, 1996551B
July 1, 1996537B
April 1, 1996540B
January 1, 1996537B
October 1, 1995517B
July 1, 1995509B
April 1, 1995501B
January 1, 1995478B
October 1, 1994463B
July 1, 1994449B
April 1, 1994428B
January 1, 1994413B
October 1, 1993382B
July 1, 1993362B
April 1, 1993349B
January 1, 1993335B
October 1, 1992336B
July 1, 1992329B
April 1, 1992345B
January 1, 1992330B
October 1, 1991316B
July 1, 1991310B
April 1, 1991305B
January 1, 1991299B
October 1, 1990288B
July 1, 1990289B
April 1, 1990285B
January 1, 1990273B
October 1, 1989263B
July 1, 1989263B
April 1, 1989273B
January 1, 1989279B
October 1, 1988279B
July 1, 1988266B
April 1, 1988267B
January 1, 1988252B
October 1, 1987244B
July 1, 1987236B
April 1, 1987221B
January 1, 1987192B
October 1, 1986177B
July 1, 1986171B
April 1, 1986171B
January 1, 1986175B
October 1, 1985210B
July 1, 1985208B
April 1, 1985205B
January 1, 1985204B
October 1, 1984213B
July 1, 1984212B
April 1, 1984220B
January 1, 1984219B
October 1, 1983210B
July 1, 1983205B
April 1, 1983193B
January 1, 1983174B
October 1, 1982172B
July 1, 1982179B
April 1, 1982183B
January 1, 1982181B
October 1, 1981202B
July 1, 1981205B
April 1, 1981200B
January 1, 1981212B
October 1, 1980208B
July 1, 1980202B
April 1, 1980194B
January 1, 1980223B
October 1, 1979223B
July 1, 1979226B
April 1, 1979221B
January 1, 1979213B
October 1, 1978210B
July 1, 1978198B
April 1, 1978191B
January 1, 1978172B
October 1, 1977166B
July 1, 1977165B
April 1, 1977159B
January 1, 1977150B
October 1, 1976139B
July 1, 1976139B
April 1, 1976137B
January 1, 1976133B
October 1, 1975124B
July 1, 1975116B
April 1, 197599.4B
January 1, 197594.7B
October 1, 1974108B
July 1, 1974121B
April 1, 1974116B
January 1, 1974113B
October 1, 1973106B
July 1, 1973101B
April 1, 197399B
January 1, 197395.5B
October 1, 197283.5B
July 1, 197277B
April 1, 197273.8B
January 1, 197272.8B
October 1, 197168.7B
July 1, 197166.5B
April 1, 197162.4B
January 1, 197160.2B
October 1, 197053.4B
July 1, 197056.1B
April 1, 197055.2B
January 1, 197055.3B
October 1, 196957.8B
July 1, 196958.6B
April 1, 196960.3B
January 1, 196962B
October 1, 196862.6B
July 1, 196861B
April 1, 196860.5B
January 1, 196858.8B
October 1, 196759.5B
July 1, 196756.5B
April 1, 196755.3B
January 1, 196755.2B
October 1, 196657.5B
July 1, 196658.4B
April 1, 196658.6B
January 1, 196658.1B
October 1, 196556.6B
July 1, 196553.5B
April 1, 196552.6B
January 1, 196550.7B
October 1, 196445.2B
July 1, 196445.5B
April 1, 196444.4B
January 1, 196444.4B
October 1, 196340.7B
July 1, 196339.7B
April 1, 196338.7B
January 1, 196336.7B
October 1, 196237.1B
July 1, 196236.2B
April 1, 196235.2B
January 1, 196235.2B
October 1, 196134.6B
July 1, 196132.3B
April 1, 196130.7B
January 1, 196129.2B
October 1, 196029.9B
July 1, 196031B
April 1, 196032.3B
January 1, 196034.6B
October 1, 195932B
July 1, 195932.4B
April 1, 195935.4B
January 1, 195932.7B
October 1, 195830.5B
July 1, 195827.1B
April 1, 195824.6B
January 1, 195824.2B
October 1, 195727.9B
July 1, 195730.3B
April 1, 195730.9B
January 1, 195732.2B
October 1, 195631.9B
July 1, 195630.2B
April 1, 195631.4B
January 1, 195630.6B
October 1, 195531.1B
July 1, 195529.8B
April 1, 195529.1B
January 1, 195528.6B
October 1, 195425.5B
July 1, 195423.8B
April 1, 195422.5B
January 1, 195421.9B
October 1, 195319.4B
July 1, 195324.2B
April 1, 195324.7B
January 1, 195324.6B
October 1, 195223.8B
July 1, 195221.6B
April 1, 195221.3B
January 1, 195222.1B
October 1, 195122.6B
July 1, 195120.8B
April 1, 195122.6B
January 1, 195126.3B
October 1, 195031.6B
July 1, 195028.8B
April 1, 195023.8B
January 1, 195020B
October 1, 194919.5B
July 1, 194919.8B
April 1, 194919.2B
January 1, 194921.7B
October 1, 194823.8B
July 1, 194824.6B
April 1, 194824.9B
January 1, 194823.7B
October 1, 194722.5B
July 1, 194720.6B
April 1, 194720.8B
January 1, 194722B
October 1, 1946N/A
July 1, 1946N/A
April 1, 1946N/A
January 1, 1946N/A

About Corporate Profits After Tax

What it measures

Corporate Profits After Tax (FRED series CP) measures the aggregate after-tax earnings of all US corporations, public and private, as estimated in the national income and product accounts. The Bureau of Economic Analysis publishes it quarterly, with the first estimate arriving alongside the second GDP release for each quarter.

Why it matters

Economy-wide profits drive business investment, hiring, and equity valuations. Because the NIPA measure covers all corporations using consistent economic definitions, it avoids the buyback and accounting effects that shape S&P 500 earnings per share, offering a cleaner macro profit signal. Profit margins compress before many downturns, giving the series leading-indicator value.

How to read it

Rising aggregate profits alongside growing GDP indicate healthy margins; profits falling while revenues grow signal margin compression from labor or input costs. NIPA profits can diverge materially from reported index earnings because of coverage and valuation adjustments, so do not map them one-for-one to the stock market. Data arrive with a lag and face meaningful revisions.

Get Corporate Profits After Tax in Excel

Pull Corporate Profits After Tax directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=CorporateProfits()

View the Corporate Profits After Tax formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Corporate Profits After Tax?

Corporate Profits After Tax is 3.951T as of January 2026.

What is the all-time high and low of Corporate Profits After Tax?

The highest value on record is 3.951T (January 2026) and the lowest is 19.2B (April 1949).

How often is Corporate Profits After Tax updated?

Corporate Profits After Tax is published on a quarterly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Corporate Profits After Tax in Excel?

Use the MarketXLS Excel formula =CorporateProfits() to pull Corporate Profits After Tax directly into any cell, with historical values available for analysis.

Basic info
Corporate profit is the money left over after a corporation pays all of its expenses.
RegionUnited States
FrequencyQuarterly
Last updatedJune 25, 2026
Seasonal adjustmentSeasonally Adjusted Annual Rate
UnitBillions of Dollars

Stats
Last Value3.951T
Latest PeriodQ1 2026
Last UpdatedJune 25 2026, 07:51
Value Previous Quarter3.792T
Change From Previous Quarter4.18%
Value 1 Year Ago3.336T
Change From Year Ago18.43%
Average Growth Rate6.79%/yr
Record High (Jan 2026)3.951T
Record Low (Apr 1949)19.2B
Long-Term Average718B
FrequencyQuarterly
AdjustmentSeasonally Adjusted Annual Rate
UnitBillions of Dollars

Annual Averages
20263.951T
20253.519T
20243.499T
20233.242T
20223.007T
20212.898T
20202.212T
20192.078T
20182.02T
20171.998T
20161.864T
20151.841T

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