Quarterly Financial Report: U.S. Corporations: All Other Professional and Technical Services, Except Legal Services: Income (Loss) Before Income Taxes
QFR111549USNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,824.00
Year-over-Year Change
85.09%
Date Range
10/1/2009 - 1/1/2025
Summary
This trend tracks quarterly pre-tax income for U.S. professional and technical services corporations, excluding legal services. It provides critical insights into the financial performance and economic health of a significant knowledge-based sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The metric represents aggregate income before taxes for professional and technical service firms, reflecting their operational efficiency and market conditions. Economists use this data to assess sector-specific economic performance and broader service industry trends.
Methodology
Data is collected through comprehensive quarterly financial surveys of corporate entities by the U.S. Census Bureau and Federal Reserve.
Historical Context
This indicator helps policymakers and investors understand service sector economic dynamics, investment potential, and potential leading indicators of broader economic performance.
Key Facts
- Covers professional and technical services excluding legal sectors
- Provides quarterly pre-tax income measurements
- Represents a significant knowledge-based economic segment
FAQs
Q: What specific services are included in this trend?
A: The trend covers professional and technical services such as consulting, scientific research, architectural, engineering, and specialized design services.
Q: How frequently is this data updated?
A: The data is typically updated quarterly, providing current insights into the financial performance of professional service corporations.
Q: Why is pre-tax income important?
A: Pre-tax income offers a standardized view of corporate financial performance before tax variations, allowing for more direct comparisons across different firms and periods.
Q: How can investors use this data?
A: Investors can use this trend to assess the health of professional services sectors, identify potential investment opportunities, and gauge overall economic momentum.
Q: What are the limitations of this data?
A: The trend represents aggregate data and may not capture individual company performance or granular sector variations.
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Citation
U.S. Federal Reserve, Quarterly Financial Report: U.S. Corporations: All Other Professional and Technical Services, Except Legal Services: Income (Loss) Before Income Taxes [QFR111549USNO], retrieved from FRED.
Last Checked: 8/1/2025