Business Activity Report

Small Business Revenue Momentum Report

Revenue momentum, the growing and shrinking split, size benchmarks, and selected industry context.

Combined revenue across the same 764 companies moved -2.6%, while 42.1% grew and 46.5% shrank.

Basis Aggregate Uplinq SMB data

Coverage Jul 2024-Jun 2026

Eligible companies 1,545

Same-company panel 764

Aggregate Uplinq SMB accounting data - groups under 30 withheld

01 / Key findings

One aggregate trend. Very different company experiences.

Companies growing 42.1% Apr-Jun 2026

Companies shrinking 46.5% Apr-Jun 2026

Combined revenue movement -2.6% Same 764 companies

Companies inside the flat band 11.4% Within 5% of even

The growing, flat, and shrinking shares describe the eligible same-company panel for April-June 2026. They do not describe every U.S. small business.

02 / Inside the report

These previews come directly from the approved public PDF: the cover, executive readout, growth split, and methodology boundary.

Cover

The published cover and headline revenue readout.

P. 01

Executive readout

The eligible population and same-company panel behind the headline findings.

P. 03

Growth split

The distribution of company outcomes behind the combined revenue movement.

P. 06

Methodology

Data boundaries, comparison rules, suppression, and interpretation limits.

P. 12

03 / Methodology and boundaries

Data boundary

Aggregate Uplinq SMB accounting data, not a nationally representative SMB sample.

Comparison

Momentum compares the same companies quarter to quarter.

Suppression

Groups under 30 are withheld from public reporting.

Interpretation

Size bands are the benchmark spine; industry is selected context only.

PDF, 14 pp. / Published Jul 2026

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