In 2025, women owned 41.8% of all privately held U.S. businesses, yet generated only 12.5% of all privately held revenue, down from 13.9% the year prior.
Between 2022 and 2025, women-owned businesses grew at nearly twice the rate of men’s.1 Excludes ~1.4M businesses owned equally by a woman and a man.
Only ~9% of women-owned businesses have employees. Those ~9% generate ~82% of all women-owned revenue.
*By women, we're referring to anyone who identifies as a woman or as nonbinary, navigating business in a world that was not designed for them to thrive and succeed.
“How we spend our days is, of course, how we spend our lives.”
Annie Dillard, The Writing Life, 1989