Profit margins are still going up 📈

The most surprising business story of the past five years persists 💪

Not only are profit margins high, but they’re rising.

According to FactSet, the S&P 500’s net profit margin is on track to rise to 15.7% in Q2, the highest level since FactSet started tracking the metric in 2009.

The S&P 500’s net profit margin is at a record high. (Source: FactSet)

A significant driver of this increase came from Alphabet, which reported a…