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Report

// Summer 2025 Business Spending Report

Introducing our Summer 2025 Business Spending Report

Is AI adoption softening? Why are our AI adoption estimates so different from the Census Bureau’s? Read our newest report and find out.

Key findings
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Is AI adoption is softening?

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Why our AI adoption rate estimate continues to exceed the Census Bureau’s.

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Analyze sector-by-sector business spend—and what it reveals about economic divergence.

Summary

The Ramp Business Spending Report is a quarterly look at corporate spending trends, based on billions of anonymized transactions from 40,000+ businesses using Ramp.

Produced by Ramp’s in-house economist and economics lab, this edition highlights how sectors are responding to macro headwinds—with some stalling, and others accelerating on the back of VC funding.

But what happens when that funding slows? We unpack the data in our Summer 2025 Business Spending Report.

What you'll learn

Read about the trends contributing to a slowdown in AI adoption. Plus, explore our brand-new flagship dataset, the Ramp Business Spending Nowcast.

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