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S&P 500 profit margins just hit a 15-year high

16.9% S&P 500 NET PROFIT MARGIN

FactSet’s Q2 2026 earnings data puts the S&P 500’s blended net profit margin at 16.9%, the highest level since FactSet began tracking the metric in 2009, up from 12.9% a year earlier. The gain holds even after stripping out the biggest tech contributors.

Source: FactSet Insight: S&P 500 Earnings, 2026 →