And there were huge revisions of the Q1 data: Revised profits in Q1 of nonfinancial incorporated businesses plunged by $331 billion, or by 11.1%, from Q4. But they had it so good for so long: From Q2 2020 through Q4 2024, profits in nonfinancial industries had spiked by 134%. But since Q2 2020, profits are still up by 38%. But since Q2 2020, profits are still up by 313%! Since Q2 2020, profits have nearly doubled.