FactSet compiled all mentions of inflation from S&P 500 companies’ reports for Q1 2022. The results were a record high for at least the last 10 years.

417 or 86% of companies mentioned the term “inflation,” well above the average over the past 5 years of 155. This is the highest value since at least 2010. The past record was 357 companies – in Q4 2021.

The Industrial (65), Consumer Secondary Goods (57) and Finance (55) sectors recorded the highest use of the term “inflation”.

The impact of inflation can be seen in the forecasts. The average net profit margin is expected to be 12.4% in Q2 2022, down from the March 31 estimate of 12.7%. The full year forecast is unchanged at 12.6%.