5 Most Profitable Industries In America In 2023

4. Financial Services Industry (Non-Bank And Insurance)

Net Margin: 26.32% 

The financial services sector in the US is a vast and complicated one, and includes a wide range of enterprises and products. It includes brokerages, asset managers, investment firms, insurance companies, and other non-bank financial entities, that provide ancillary services.

These companies provide both consumers and businesses with a wide range of financial goods and services, including investment counselling, retirement planning, and insurance products. Recent years have seen a rapid evolution of the sector due to changes in consumer tastes and technological advancements. The sector continues to be a vital part of the American economy, offering crucial services to both people and businesses.