Fiserv Small Business Index®

Fiserv Small Business Index Monthly Summary December 2025

Sales growth driven by higher tickets, core retail, and essentials

 

The Fiserv Small Business Index rose 1 point in November to 144.


Highlights:

  • Overall sales grew +1.6% YoY, +0.8% MoM
  • Foot traffic fell -0.4% YoY and was flat MoM (0.0%)
  • Retail sales grew +0.3% YoY and +0.9% MoM

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 U.S. sales and distribution. This report does not represent Fiserv financial performance.