Q2 2026 - Sales growth relied on higher tickets as consumers showed more caution

The Fiserv Small Business Index for Q2 2026 was 144, a one point gain from Q1.

Highlights:

• Small business sales improved through Q2, but growth remained heavily dependent on higher average tickets.
• Consumer activity stabilized late in the quarter, but foot traffic remained below last year.
• Restaurants remained a persistent weak spot, especially limited-service dining.
• Q2 ended with early signs of rebalancing as retail and goods spending improved in June.

Note: The Fiserv Small Business Index refreshes with updated data on the 2nd of each month. 

Disclaimer: Small businesses are identified per the Small Business Administration definitions and extrapolated to reflect total US sales and distribution. This report does not measure Fiserv’s performance.