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Small Business Sales Spring Forward in March, Fiserv Small Business Index Reports

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Fiserv (NYSE: FI) reports strong small business performance in March 2025, with its Small Business Index rising 3 points to 150. Small business sales showed robust growth of +5.5% year-over-year and +1.8% month-over-month, with inflation-adjusted growth of +3.0% YoY.

Service-based businesses led the growth at +6.2% YoY, with notable increases in Hospitals (+26.3%), Information (+11.7%), and Professional Services (+11.5%). Restaurant sector showed mixed results with declining sales (-0.6% YoY) despite increased foot traffic (+7.9%). Retail growth cooled with +3.2% YoY increase.

Geographically, 44 states experienced sales growth, with strongest performance in the Southeast and Midwest. Top performing states included Georgia (+15.3%) and South Carolina (+13.4%), while major cities like Atlanta (+17.3%) and Philadelphia (+6.3%) led urban growth.

Fiserv (NYSE: FI) riporta una forte performance delle piccole imprese a marzo 2025, con il suo Indice delle Piccole Imprese che sale di 3 punti a 150. Le vendite delle piccole imprese hanno mostrato una crescita robusta di +5.5% rispetto all'anno precedente e +1.8% rispetto al mese precedente, con una crescita aggiustata per l'inflazione del +3.0% su base annua.

Le attività basate sui servizi hanno guidato la crescita con un incremento di +6.2% su base annua, con aumenti notevoli negli Ospedali (+26.3%), nelle Informazioni (+11.7%) e nei Servizi Professionali (+11.5%). Il settore della ristorazione ha mostrato risultati misti con vendite in calo (-0.6% su base annua) nonostante un aumento del traffico pedonale (+7.9%). La crescita al dettaglio si è raffreddata con un aumento del +3.2% su base annua.

Geograficamente, 44 stati hanno registrato una crescita delle vendite, con la performance più forte nel Sud-est e nel Midwest. Gli stati con le migliori performance includevano Georgia (+15.3%) e Carolina del Sud (+13.4%), mentre grandi città come Atlanta (+17.3%) e Filadelfia (+6.3%) hanno guidato la crescita urbana.

Fiserv (NYSE: FI) informa sobre un sólido desempeño de las pequeñas empresas en marzo de 2025, con su Índice de Pequeñas Empresas aumentando 3 puntos a 150. Las ventas de pequeñas empresas mostraron un crecimiento robusto de +5.5% interanual y +1.8% mensual, con un crecimiento ajustado por inflación de +3.0% interanual.

Las empresas basadas en servicios lideraron el crecimiento con un aumento de +6.2% interanual, con incrementos notables en Hospitales (+26.3%), Información (+11.7%) y Servicios Profesionales (+11.5%). El sector de restaurantes mostró resultados mixtos con ventas en declive (-0.6% interanual) a pesar de un aumento en el tráfico peatonal (+7.9%). El crecimiento minorista se enfrió con un aumento del +3.2% interanual.

Geográficamente, 44 estados experimentaron crecimiento en ventas, con el mejor desempeño en el Sureste y el Medio Oeste. Los estados con mejor desempeño incluyeron Georgia (+15.3%) y Carolina del Sur (+13.4%), mientras que ciudades importantes como Atlanta (+17.3%) y Filadelfia (+6.3%) lideraron el crecimiento urbano.

Fiserv (NYSE: FI)는 2025년 3월 중소기업 성과가 강력하다고 보고하며, 중소기업 지수가 3포인트 상승하여 150에 도달했습니다. 중소기업 매출은 전년 대비 +5.5%, 전월 대비 +1.8%의 견고한 성장을 보였으며, 인플레이션 조정 후 성장률은 +3.0%입니다.

서비스 기반 기업들이 전년 대비 +6.2%의 성장률로 성장을 이끌었으며, 병원(+26.3%), 정보(+11.7%), 전문 서비스(+11.5%)에서 두드러진 증가를 보였습니다. 레스토랑 부문은 발걸음이 증가(+7.9%)했음에도 불구하고 매출이 감소(-0.6%)하는 혼합된 결과를 보였습니다. 소매 성장률은 전년 대비 +3.2%로 둔화되었습니다.

지리적으로 44개 주에서 매출 성장이 있었으며, 동남부와 중서부에서 가장 강력한 성과를 보였습니다. 최고의 성과를 낸 주는 조지아 (+15.3%)와 사우스캐롤라이나 (+13.4%)였으며, 애틀랜타 (+17.3%)와 필라델피아 (+6.3%)와 같은 주요 도시가 도시 성장의 선두주자였습니다.

Fiserv (NYSE: FI) fait état d'une forte performance des petites entreprises en mars 2025, avec son Indice des Petites Entreprises augmentant de 3 points pour atteindre 150. Les ventes des petites entreprises ont montré une croissance robuste de +5.5% par rapport à l'année précédente et +1.8% par rapport au mois précédent, avec une croissance ajustée à l'inflation de +3.0% en glissement annuel.

Les entreprises de services ont mené la croissance avec une augmentation de +6.2% en glissement annuel, avec des augmentations notables dans les hôpitaux (+26.3%), l'information (+11.7%) et les services professionnels (+11.5%). Le secteur de la restauration a montré des résultats mixtes avec des ventes en baisse (-0.6% en glissement annuel) malgré une augmentation du trafic piétonnier (+7.9%). La croissance du commerce de détail a ralenti avec une augmentation de +3.2% en glissement annuel.

Géographiquement, 44 États ont connu une croissance des ventes, avec les meilleures performances dans le Sud-Est et le Midwest. Les États les mieux performants comprenaient la Géorgie (+15.3%) et la Caroline du Sud (+13.4%), tandis que des grandes villes comme Atlanta (+17.3%) et Philadelphie (+6.3%) ont conduit la croissance urbaine.

Fiserv (NYSE: FI) berichtet über eine starke Leistung kleiner Unternehmen im März 2025, wobei der Kleine Unternehmen Index um 3 Punkte auf 150 steigt. Der Umsatz kleiner Unternehmen zeigte ein robustes Wachstum von +5.5% im Jahresvergleich und +1.8% im Monatsvergleich, mit einem inflationsbereinigten Wachstum von +3.0% im Jahresvergleich.

Dienstleistungsunternehmen führten das Wachstum mit +6.2% im Jahresvergleich, wobei bemerkenswerte Zuwächse in den Bereichen Krankenhäuser (+26.3%), Informationen (+11.7%) und professionelle Dienstleistungen (+11.5%) verzeichnet wurden. Der Restaurantsektor zeigte gemischte Ergebnisse mit rückläufigen Verkäufen (-0.6% im Jahresvergleich), trotz eines Anstiegs des Fußverkehrs (+7.9%). Das Einzelhandelswachstum kühlte sich mit einem Anstieg von +3.2% im Jahresvergleich ab.

Geografisch verzeichneten 44 Bundesstaaten ein Umsatzwachstum, wobei die stärkste Leistung im Südosten und im Mittleren Westen lag. Die bestplatzierten Bundesstaaten waren Georgia (+15.3%) und South Carolina (+13.4%), während große Städte wie Atlanta (+17.3%) und Philadelphia (+6.3%) das urbane Wachstum anführten.

Positive
  • Small Business Index rose 3 points to 150
  • Overall sales growth of 5.5% YoY and 1.8% MoM
  • Strong services sector growth of 6.2% YoY
  • Broad-based growth across 44 states
  • Increased restaurant foot traffic (+7.9% YoY)
Negative
  • Restaurant sales declined 0.6% YoY
  • Restaurant average ticket sizes fell 8.5% YoY
  • Retail sales flat MoM (-0.1%)
  • Declining sales in Amusement/Gambling (-3.3%) and Transit (-2.1%) sectors
  • Lower retail average tickets (-1.9%) indicating budget-conscious consumers

Fiserv Small Business Index rises 3 points to 150

U.S. small business sales grew +5.5% year over year and +1.8% month over month

MILWAUKEE--(BUSINESS WIRE)-- Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for March 2025, with the seasonally-adjusted Index rising three points to 150, a notable acceleration from February. Growth was driven by strong demand for services and increasing restaurant foot traffic, even as restaurant spending declined.

“U.S. consumers spent locally despite the economic narrative,” said Prasanna Dhore, Chief Data Officer, Fiserv. “March small business sales improved from February with a shift in consumer spending away from retail and into services and non-discretionary spending.”

On a year-over-year basis, small business sales (+5.5%) and total transactions (+6.7%) continued to show healthy growth. Month-over-month sales (+1.8%) and transactions (+2.3%) also accelerated. Adjusting for inflation, sales grew (+3.0%) year-over-year and (+1.5%) month-over-month.

Services Surge with Professional Services Leading Growth

Sales at service-based businesses grew (+6.2%) year-over-year. The fastest-growing service categories were Hospitals (+26.3%), Information (+11.7%), Professional Services (+11.5%), and Truck Transportation (+11.4%). In contrast to last March, Amusement, Gambling and Recreation (-3.3%), Transit and Ground Passenger Transportation (-2.1%), and Accommodation (-0.1%) all declined year-over-year.

Compared to February 2025, Information (+10.9%), Insurance (+7.1%), and Rental and Leasing (+7.1%) services were the fastest-growing categories. The only category to decline was Repair and Maintenance Services (-0.1%).

Restaurant Foot Traffic Continues to Grow

Consumer spending at small business restaurants declined (-0.6%) year-over-year despite transactions (or foot traffic) growing (+7.9%); the inverse relationship is driven by lower average ticket sizes (-8.5%) compared to 2024, continuing a trend that has persisted over the past quarter.

On a month-over-month basis, total restaurant sales (+2.7%) and transactions (+1.8%) grew. Average tickets (+1.0%) increased slightly compared to February.

Retail Growth Cools as Consumers Shift Priorities

Small business retail sales (+3.2%) and transactions (+3.6%) grew year-over-year, led by General Merchandise (+11.4%), Furniture (+6.7%) and Building Materials and Garden Supply (+6.1%). Gasoline Stations (-3.0%) were the only retail category to see a year-over-year sales decline, a result of lower fuel prices (-4.8%).

On a monthly basis, Retail sales were nearly flat (-0.1%) following a strong month of growth in February. Average tickets (-1.9%) were also lower in March as uncertainty may be driving some to be more budget-conscious. The most significant acceleration of sales growth came from General Merchandise (+1.9%), Building Materials/Garden Supply (+1.6%) and Grocery (+1.2%). Sales slowed across Furniture, Motor Vehicle Parts, and Sporting Goods.

Regional Trends

  • Small business sales grew in 44 states, with the strongest growth in the Midwest and Southeast. The most year-over-year sales growth was seen in Georgia (+15.3%), South Carolina (+13.4%), North Dakota (+13.3%), and North Carolina (+12.4%). The top-performing states month-over-month were Illinois (+5.7%), Ohio (+5.3%), and West Virginia (+5.1%).
  • Large cities showing the most year-over-year sales growth were Atlanta (+17.3%) and Philadelphia (+6.3%). Month-over-month sales growth was strongest in San Francisco (+4.6%) and Los Angeles (+4.3%).

About the Fiserv Small Business Index®

The Fiserv Small Business Index is published during the first week of every month and differentiated by its direct aggregation of consumer spending activity within the U.S. small business ecosystem. Rather than relying on survey or sentiment data, the Fiserv Small Business Index is derived from point-of-sale transaction data, including card, cash, and check transactions in-store and online across approximately 2 million U.S. small businesses, including hundreds of thousands leveraging the Clover point-of-sale and business management platform.

Benchmarked to 2019, the Fiserv Small Business Index provides a numeric value measuring consumer spending, with an accompanying transaction index measuring customer traffic. Through a simple interface, users can access data by region, state, and/or across business types categorized by the North American Industry Classification System (NAICS). Computing a monthly index for 16 sectors and 34 sub-sectors, the Fiserv Small Business Index provides a timely, reliable and consistent measure of small business performance even in industries where large businesses dominate.

To access the full Fiserv Small Business Index, visit fiserv.com/FiservSmallBusinessIndex.

About Fiserv

Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com and follow on social media for more information and the latest company news.

FI-G

For more information contact:

Media Relations:

Chase Wallace

Director, Communications

Fiserv, Inc.

+1 470-481-2555

chase.wallace@fiserv.com

Source: Fiserv, Inc.

FAQ

What was Fiserv's (FI) Small Business Index performance in March 2025?

The Fiserv Small Business Index rose 3 points to 150, with overall sales growing 5.5% year-over-year and 1.8% month-over-month.

Which sectors showed the strongest growth in Fiserv's (FI) March 2025 report?

Services led growth at 6.2% YoY, with Hospitals (+26.3%), Information (+11.7%), and Professional Services (+11.5%) showing the strongest performance.

How did restaurant performance change in Fiserv's (FI) March 2025 report?

Restaurant sales declined 0.6% YoY despite 7.9% higher foot traffic, with average ticket sizes falling 8.5% compared to 2024.

Which states showed the highest small business growth in Fiserv's (FI) March 2025 report?

Georgia (+15.3%), South Carolina (+13.4%), and North Dakota (+13.3%) showed the strongest year-over-year sales growth.

How did retail performance trend in Fiserv's (FI) March 2025 small business report?

Retail sales grew 3.2% YoY but remained flat MoM (-0.1%), with General Merchandise (+11.4%) leading growth while gas stations declined (-3.0%).
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