Quarterly Financial Report

Latest Updates

U.S. manufacturing corporations’ after-tax profits held steady at $216.1 billion in Q2 2025 (vs $214.6 billion in Q1), up +$8.9 billion YoY, while sales rose to $1.98 trillion, reflecting modest improvement across durable goods.
- Nondurable goods profits fell to $77.9 billion in Q2 (-$2.4 billion QoQ; -$6.0 billion YoY), with sales at $924.5 billion (-$15.7 billion QoQ; flat YoY).
- Durable goods profits rose to $138.2 billion (+$3.9 billion QoQ; +$14.8 billion YoY), while sales climbed to $1.06 trillion (+$33.6 billion QoQ; +$75.9 billion YoY).
- Wholesale trade sales reached $971.3 billion (+$28.1 billion QoQ; +$85.7 billion YoY), showing steady growth momentum.
- Information sector sales increased to $466.9 billion (+$13.3 billion QoQ; +$45.7 billion YoY), extending consistent expansion.
- Professional & technical services (ex-legal) reported an after-tax loss of -$1.3 billion (vs -$0.5 billion in Q1), though losses were smaller than Q2 2024 (-$2.2 billion); sales rose to $235.0 billion (+$10.1 billion QoQ; +$27.5 billion YoY).
US manufacturing profit margin (after taxes) rose to 10.9% in Q1 2025 from 10.5% in Q4 2024 and 10.1% in Q1 2024.
- Nondurable manufacturing margins declined to 8.2% from 9.5% in Q4 and 8.9% a year ago.
- Durable manufacturing margins increased to 13.5% from 11.9% in Q4 and 11.4% in Q1 2024.
- Mining margins fell to 14.8% from 16.5% in Q4 and 15.2% in Q1 2024.
- Information sector margins rose to 23.6% from 21.8% in Q4 and 21.0% a year ago.
- Professional and technical services (ex legal) margins dropped to -0.6% from 2.3% in Q4 and 1.2% in Q1 2024.
US manufacturing profit margin (before taxes) fell to 11.4% in Q4 2024 from 11.8% in Q3 2024 but were up from 10.4% in Q4 2023.
- Mining operating profit margin fell to just 13.5% from 19.7% in Q3 2024.
- Wholesale and retail trade profit margins both increased slightly to 2.9% (from 2.6% prev) and 5.5% (from 5.4% prev).
- Information profit margins were mostly unchanged at 25.1% (slightly down from 25.3%), and all professional and technical service profit margins more than doubled from 1.2% to 2.3%.