We’re proud to share Ramp’s Business Spending Report. In this edition, we examine trends in AI, advertising, and general business spend.
Why do we publish these reports? There is no public dataset that captures where, how much, and on what American businesses spend.
Plenty of economists (across businesses, governments, and academia) track and analyze consumer spending data. Very few track business spending, which amounts to over $25 trillion transacted annually—36% more than total U.S. consumer spend. Ramp is uniquely positioned to address this gap in public research.
Download our Business Spending Report featuring The Ramp AI Index
Spring 2025 key findings
In addition to total business spend analysis, this report introduces a new piece of ongoing research called The Ramp AI Index. Economists are carefully watching how AI will transform productivity and growth, and understanding AI adoption is the first step in drawing these conclusions. Our data shows, among other things, that businesses are adopting AI at a higher rate and lower cost than previously reported.
Here’s what we uncovered:
- Ramp data shows that 35.5% of U.S. businesses already use AI, led by the tech, finance, and manufacturing sectors.
- OpenAI is the definitive leader in business adoption among AI model companies, followed by Anthropic.
- Large businesses are drawing down advertising spend while small businesses are spending more. We see 53% of large companies maintaining or decreasing ad spend year-over-year, while 55% of small businesses are increasing ad dollars year-over-year.
- TikTok’s ad platform leads in year-over-year spend growth, signaling advertisers have not been deterred by the prospect of a ban.
- Total business spend is stable quarter-over-quarter.
Download the free report to read our complete analysis.
“Invoices, cards, tokens. The categories change but the principle doesn't: know where the money is going, remove the work around it, and make sure the spend is worth it.”
Maciej Mylik. Finance
ElevenLabs
“There's just no surprises anymore. No more waiting two months to find out how a job did. We know how it's doing as it's happening.”
Erich Kuss
Financial Systems Manager, Infinity Home Services
“More token spend isn’t proof that AI is working. Less isn’t proof that it isn’t. What matters is whether we’re buying the right level of intelligence for the work. Ramp lets us make that judgment in the same place we manage every other type of spend.”
Cody Nutt
Senior Director of Business Systems, Daxko
“Most banks treat the back office as a cost to keep down. We treat ours as a return to compound, which is why we run it on Ramp. Now we put our clients on Ramp, too.”
Patrick Gaughen
President & COO, Hingham Institution for Savings
“Browserbase builds infrastructure so AI agents can do real work. Ramp is doing the same for finance. It’s not another tool. It’s a system purpose-built for AI-driven finance, and that’s why we chose Ramp as our financial operating system from day one.”
Paul Klein IV
Founder & CEO, Browserbase
“We used to pay up to $20k a year for our AP platform. With Ramp, we’re earning back well over that amount. That's money that belongs to the mission now, not to the back-office software.”
Heidi Coffer
Chief Financial Officer, Boys & Girls Clubs of San Francisco
“The tricky thing about corporate travel policy is timing. We didn't need a stricter policy. We needed the policy to show up earlier. With Ramp Travel, it finally does.”
Keith Frantz
Director of Enterprise Risk Management, Prosper
“We're accountable to our funders, our partners, and the families we serve. That accountability starts with how we manage every dollar. Ramp makes it easy for our team to spend wisely, track in real time, and keep overhead low so more resources reach the families navigating infertility.”
Rachel Fruchtman
CFO, Jewish Fertility Foundation
