See where companies are cutting costs

Business leaders are making critical decisions about where to spend and where to conserve resources in light of changing market conditions. Download the report to see how your company's expenses compare.
Error Message
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
2022 Q2 spending benchmarks

Summary

What you'll learn

See where businesses are dialing back and where they’re continuing to invest, based on hundreds of thousands of transactions made by Ramp customers. Download this report to see how your spending compares.

Key findings

01

Overall transaction volume rose in Q2 as compared to Q1 across most major expense categories, but fluctuations in spend reflected ongoing economic uncertainty.

02

T&E expenses shot up 48% with increased transaction volume for flights, restaurants, and hotels. However there are signs that cuts may be looming.

03

Enterprises cut back on professional services while SMBs invested in this category, suggesting the latter are supplementing their workforce with agencies and contractors.
“Ramp’s data reveals how business leaders are reacting to market challenges, and making tough tradeoffs between growth-oriented spending and cost-cutting measures.”
Fiona Lee, Head of Content, Ramp

Don’t miss these

Season 2 of the Ramp podcast: Recession-Proof

How the Durbin Amendment sparked fintech innovation

The best corporate cards compared

How Candid expanded internationally with Ramp
How FirstBlood’s switch from Divvy to Ramp sped up their monthly close
How Elementus overhauled its spend management with Ramp