74% Of Small And Mid-Sized Businesses See Higher Revenue Next Year

A recent Bank of America report reveals that 74% of small and mid-sized business owners expect their revenue to increase in the coming year, reflecting a high level of optimism despite ongoing economic challenges.​

Source of the Data

This statistic originates from the 2025 Bank of America Business Owner Report, which surveyed owners of small and mid-sized businesses across the United States. The survey also highlights that nearly 60% of these businesses plan to expand their operations within the next 12 months, and a large proportion plan to increase hiring or retain their current staff.​

Key Survey Findings

• 74% of owners expect an increase in revenue next year.​

• Nearly 60% plan to expand their business in the next 12 months.​

• 43% plan to hire more employees, while only 1% anticipate layoffs.​

• Major challenges cited include inflation (88%), supply chain issues (75%), and labor shortages (61%).​

• Most owners believe local, national, and global economies will improve in the next year.​

Business Strategies and Priorities

Business owners are focusing on growth by:

• Expanding customer bases and product offerings.

• Investing in digital tools, with 77% integrating AI over the past five years for marketing, content, and customer service.​

• Modernizing operations through digital payments, cybersecurity, and workflow improvements.​

Economic Outlook

While optimism is high, owners remain vigilant about inflation, interest rates, supply chain stability, and healthcare costs. Owners believe their confidence will further increase with policy stabilization and improvements in macroeconomic conditions.​

These findings underscore a positive economic sentiment among small and mid-sized U.S. business owners for 2026, even as they navigate significant challenges.​