Corporate profits in the United States fell by 3.3% from the previous period to $3.204 trillion in the first quarter of 2025, reversing from a 5.9% jump in the fourth quarter, final data showed. Preliminary estimates were pointing to a 3.6% decline. Undistributed profits plunged 11% (vs -12% in the preliminary estimates and +15.1% in the previous period), and net cash flow with inventory valuation adjustment dropped 4.3% (vs -4.7 in the preliminary estimates and +5.8% in Q4). Meanwhile, net dividends rose by 1.8%, accelerating from a 0.5% increase and compared with earlier estimates of 1.9%. Compared to the corresponding period of the previous year, corporate profits rose by 5.5%.