S&P 500 Net Profit Margins Hit Record 16.9%, Fueling Stock Rally
FactSet data show the S&P 500’s blended net profit margin rose to 16.9% in Q2, up from 14.8% in Q1 and a year‑earlier 12.9%, the highest since tracking began in 2009. Alphabet, Amazon and broad sector gains are driving the surge, bolstering earnings and backing the ongoing equity rally.