Alphabet has overtaken Saudi Aramco to become the world’s most profitable company, according to the newly released 2026 Fortune Global 500 rankings, while a separate wave of economic data shows corporate profits climbing to record highs even as workers’ share of national income continues to shrink. Background Understanding record profits meaning starts with a simple distinction: profit is what remains after a company or economy subtracts its costs from its revenue. When economists say corporate profits have hit a record, they typically mean either total dollar profits or profits as…
Read MoreHighest Profit Margin Companies in the World: Record Corporate Profits Explained
