GDP Report Input: Q2 Services Revenue Rises 3.0% to $6.4T
The Census Bureau's Quarterly Services Survey shows selected services revenue of $6,418.7 billion in Q2 2026, up 3.0% from Q1 and 7.6% from a year earlier.
| Item | Q2 2026 |
|---|---|
| Selected services total revenue (seasonally adjusted) | $6,418.7 billion |
| Change from Q1 2026 | +3.0% (+/- 0.4) |
| Change from Q2 2025 | +7.6% (+/- 0.6) |
| Q1 change, revised | +1.1% |
| Advance estimate of Q2 change | +3.1% (+/- 0.4) |
U.S. selected services revenue reached $6,418.7 billion in the second quarter of 2026, up 3.0 percent from the first quarter, the Census Bureau reported in its Quarterly Services Survey. The figure is adjusted for seasonal variation but not for price changes, so it is a nominal measure.
Quarterly and annual change
The 3.0 percent quarterly gain carries a margin of error of 0.4 percentage point. Against the second quarter of 2025, revenue is up 7.6 percent, with a margin of 0.6 point. The quarter-over-quarter figure was revised down slightly from the advance estimate of 3.1 percent. The revised first-quarter change is shown as 1.1 percent, which makes the second-quarter pickup the larger step.
Since the numbers are not adjusted for price, some of the growth reflects higher prices rather than more services delivered. The release does not separate the two.
Why the GDP report watches it
The Census Bureau describes the survey as the only source of service industry indicator performance with timely estimates of revenue and expenses for selected service industries. The Bureau of Economic Analysis uses the survey in its estimates of gross domestic product. For anyone following the GDP report, the quarterly services total is a direct input to the services side of the national accounts.
Benchmarking ahead
The agency says that with the November 2026 advance release for the third quarter, it anticipates revising not seasonally adjusted quarterly services estimates for historical corrections and results of the 2023 and 2024 Annual Integrated Economic Survey. The seasonally adjusted Selected Services Total will also reflect new seasonal factors. That means the history behind today’s figures is likely to change.
Next on the calendar
The advance estimate for the third quarter is scheduled for November 19, 2026.
Reading the figures
Revenue of $6,418.7 billion is about $6.4 trillion. The year-over-year gain of 7.6 percent is more than double the quarterly pace of 3.0 percent, since the year-over-year figure spans four quarters. The Census Bureau’s estimates carry sampling error, shown here as the plus-or-minus values in the table. The upcoming benchmarking is a reminder that survey-based levels can be restated once annual survey results arrive.
Prepared with AI assistance from public sources and reviewed under our editorial policy. Not investment advice.
