SPY•The S&P 500 blended net profit margin was 14.9% in Q3 2026, potentially the second-highest since tracking began in 2009. Energy margins rose to 15.4% from 8.1% a year earlier, while information technology margins increased to 32.3% from 27.5%.
The S&P 500 blended net profit margin reached 14.9% in Q3 2026, potentially the second-highest since tracking began in 2009. The record 17% margin in Q2 reflected unusually large valuation gains at Alphabet and Amazon; excluding those companies, the prior-quarter margin would have been 15.1%, still a record. Energy led year-over-year margin expansion, while information technology margins also increased.
