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Fortune

Alan Murray, Nicholas Gordon

The Fortune 500's profits fell last year. Does that mean recession?

Fortune Recession

(Credit: Christopher Goodney—Bloomberg via Getty Images)

Good morning.

The Fortune 500 brought in more revenue last year than ever before in history—$18.1 trillion, up from $16.1 trillion in 2021 (and more than the GDP of China.) But profits fell sharply, to $1.56 trillion from $1.84 trillion.

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One subscription that gives you access to news from hundreds of sites

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'Told them we will put 250% tariffs...': Trump reiterates claim of India-Pakistan ceasefire through tariff threat

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