New Business Formation Surges Again, Report Shows
7 reported
According to a report from Registered Agents Inc, new business formation in the United States has surged again after first jumping in 2020 during the pandemic. The report, cited by marginalrevolution.com, states that every month in 2026 has set a new formation record, with March being the highest single-month total in the history of the Business Formation Report. Through May, 2.9 million new businesses have been formed nationwide, marking the strongest five-month start on record. Stripe Economics also reports that recent cohorts of businesses using Stripe are reaching serious transaction volumes faster than earlier cohorts. The share of businesses reaching $1 million in cumulative revenue within a year after going live on Stripe was roughly 30% higher for the 2025 cohort than for the 2023 cohort, and roughly three times higher than the 2019 cohort. The article notes that the trend is not limited to the United States, as France has also seen business creation reach record levels, driven heavily by micro-entrepreneurs.
What’s reported
Business formation first jumped in 2020 during the pandemic and remained historically high after leveling off.
In the past 18 months, business formation has surged again, according to Registered Agents Inc.
Every month in 2026 has set a new formation record, with March being the highest single-month total in the history of the Business Formation Report.
Through May, 2.9 million new businesses have been formed nationwide, the strongest five-month start on record.
Stripe Economics reports that recent cohorts are reaching serious transaction volumes faster than earlier cohorts.
The share of businesses reaching $1 million in cumulative revenue within a year after going live on Stripe was roughly 30% higher for the 2025 cohort than for the 2023 cohort, and roughly three times higher than the 2019 cohort.
France has also seen business creation reach record levels, driven heavily by micro-entrepreneurs.
Key figures
Registered Agents Inc (source of business formation data)
Stripe Economics (source of business revenue data)
Sources: marginalrevolution.com
