Here Are America’s Most Profitable Corporations

The stock market has been going through an extended period of turbulence, but in spite of the fact that this is the case, most companies within the US have been enjoying their most profitable year in 2022. Data from Fortune has been compiled into a chart which reveals the companies that turned the highest profit in 2022, and it is no surprise that Apple came out on top with all things having been considered and taken into account.

The tech juggernaut earned nearly $100 billion in profit in 2022 alone, or $99.8 billion to be precise. This represents an impressive 5.4% increase year over year, although this is by no means the highest profit growth rate we saw in America. That honor belongs to the energy company Exxon Mobil, which saw an astounding 141.9% increase in profits as compared to 2022. This brought Exxon Mobil’s annual profits to $55.9 billion, which also gave it second place in this list.

With all of that having been said and now out of the way, it is important to note that JPMorgan Chase came in third. It received profits of $37.7 billion in 2022, although this was a 22.1% decrease from 2021. Pfizer came in fourth place with $31.3 billion in profits, also seeing an extremely healthy growth rate of about 42.7%.

Verizon rounded off the top five list with $21.3 billion in profits, even though they say profits decline by 3.7% within the span of a year. In sixth place, Home Depot became the most profitable retailer of all with $17.1 billion, which represents a 4.1% increase as well.

Visa also did reasonably well, reaching 7th place with $15 billion in profit, and it enjoyed a robust growth rate of 21.5%. Procter and Gamble came in close behind at 8th place with $14.7 billion, and a growth rate of 3%. Meanwhile, Tesla’s whopping 127.5% increase in profits landed it in 9th place, earning the company $12.5 billion in a single year.

Finally, we saw UPS in tenth place. The transportation and logistics company suffered a 10.4% profit decrease, but it still earned $11.5 billion in profits in 2022.

H/T: Visual Capitalist

Read next: 19% of Web Traffic is Malicious, and 95% of Malicious Traffic Comes from Botnets According to New Study
Previous Post Next Post