Key Takeaways
- Small businesses owned by women generated 48% higher revenue growth than male-owned in 2022 U.S.
- Minority-owned small businesses had average revenue of $1.1 million vs $1.4 million non-minority in 2021
- Veteran-owned small firms generated $1.2 trillion U.S. revenue in 2022
- California small businesses generated $2.9 trillion in revenue in 2022
- Texas small firms accounted for $2.1 trillion U.S. small business revenue in 2021
- New York small businesses generated $1.8 trillion revenue in 2022
- In 2022, U.S. small businesses collectively generated $18.8 trillion in revenue, accounting for 43.5% of total U.S. private-sector GDP
- Small businesses with fewer than 20 employees contributed 41% of U.S. small business revenue in 2021
- The average annual revenue for U.S. small businesses was approximately $1.2 million in 2022, varying by industry
- Retail trade small businesses generated $5.4 trillion U.S. revenue in 2022
- Construction sector small firms accounted for 78% of industry revenue at $2.1 trillion in 2021 U.S.
- Manufacturing small businesses generated $2.3 trillion or 42% of sector revenue in U.S. 2022
- Small business revenue grew 12.4% from 2019 to 2020 despite pandemic dip U.S.
- U.S. small business revenue increased 19.8% from 2020 to 2021 recovery year
- From 2018-2022, small business revenue CAGR was 7.2% in U.S.
In 2022, US small businesses generated $18.8 trillion, with women owned firms outgrowing men by 48% for revenue growth.
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Temporal Revenue Trends
Temporal Revenue Trends Interpretation
How We Rate Confidence
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
Gabrielle Fontaine. (2026, February 13). Small Business Revenue Statistics. Gitnux. https://gitnux.org/small-business-revenue-statistics
Gabrielle Fontaine. "Small Business Revenue Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/small-business-revenue-statistics.
Gabrielle Fontaine. 2026. "Small Business Revenue Statistics." Gitnux. https://gitnux.org/small-business-revenue-statistics.
Sources & References
- Reference 1ADVOCACYadvocacy.sba.gov
advocacy.sba.gov
- Reference 2SBAsba.gov
sba.gov
- Reference 3CENSUScensus.gov
census.gov
- Reference 4FEDERALRESERVEfederalreserve.gov
federalreserve.gov
- Reference 5STATISTAstatista.com
statista.com
- Reference 6COMPOUNDPLANNINGcompoundplanning.com
compoundplanning.com
- Reference 7BIZMINERbizminer.com
bizminer.com
- Reference 8FUNDERAfundera.com
fundera.com







