Today’s (August 25, 2022) GDP release (Q2 2022, Second Estimate) was accompanied by the Bureau of Economic Analysis (BEA) Corporate Profits report (Preliminary Estimate) for the 2nd Quarter.
Of course, there are many ways to adjust and depict overall Corporate Profits. For reference purposes, here is a chart from the St. Louis Federal Reserve (FRED) showing the Corporate Profits After Tax (without IVA and CCAdj) (last updated August 25, 2022 with a value of $3011.633 Billion SAAR):
Here is the Corporate Profits After Tax measure shown on a Percentage Change from a Year Ago perspective (value of 11.9%):
Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis: Corporate Profits After Tax [CP]; U.S. Department of Commerce: Bureau of Economic Analysis; accessed August 25, 2022; https://research.stlouisfed.org/fred2/series/CP
RevSD, LLC offers the above data and projections for informational purposes only, and does not necessarily agree with information provided by these outside parties.
ProfitabilityIssues.com is published by RevSD, LLC (RevSD.com). RevSD, LLC is a management consulting firm and strategic advisory that focuses on the analysis of current and future business conditions, and given these conditions, offers corporations and businesses advice, strategies, and actionable methods on how to optimally increase revenues and profitability.