🗽S&P 500 companies with the record net margin since 2009 - FactSet data

S&P 500 profit margins remain remarkably resilient despite concerns over higher oil prices. According to FactSet data, the blended net profit margin for US companies in Q1 2026 stands at 13.4%, which would mark the highest level since tracking began in 2009. Currently, 5 out of 11 sectors in the S&P 500 are reporting year-over-year margin expansion in Q1 2026 vs Q1 2025, while 6 sectors are above their 5-year average margins.

S&P 500: Net profit margin for Q1 2026 stands at 13.4%, above the previous record of 13.2% in Q4 2025.
Technology remains the clear leader: The IT sector reports margins of 29.1% vs 25.4% YoY, continuing to drive overall index profitability.
Communication Services under pressure: Margins declined to 14.1% from 16.0% a year ago.
Energy lags despite higher prices: The sector posts margins of 6.6%, well below its 5-year average of 9.6%, despite elevated oil and broader energy prices.
Quarter-over-quarter improvement is not broad-based: Margins increased in five sectors, led by Utilities (15.1% vs 12.1% in Q4 2025), but declined in six sectors, particularly in Energy and Industrials. In Industrials, margins fell to 11.1% from 12.3% a year ago.

US500 (H1 interval)

Looking at the US500 chart, the contract is attempting to hold above the EMA200 on the hourly timeframe, with the 7,140 level acting as a key support zone. Notably, Wall Street continues to price in further improvement. Consensus forecasts for S&P 500 net margins stand at 14.1% in Q2, 14.6% in Q3, and 14.6% in Q4 2026. These assumptions appear relatively optimistic given the mixed signals coming from US consumer strength.

Source: xStation5

Source: FactSet

Source: FactSet

20 May 2026, 7:00 PM

Daily Summary: 6% Oil Declines Fuel Stock Gains

20 May 2026, 4:35 PM

US Open: NASDAQ up ahead of NVIDIA results

20 May 2026, 1:20 PM

Semiconductor stocks on the rise again 📈Mixed markets reaction to Target and Lowe's earnings

20 May 2026, 12:24 PM

Micron and SanDisk are catching a bid on Samsung headwinds and Nvidia anticipation.

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days