The Wells Fargo’s 2025 Impact of Women-Owned Businesses Report explores the surge in women’s entrepreneurship following the pandemic, highlighting both progress and persistent barriers. While women now own 39.2% of all businesses, they still lag in employment (9.6%) and revenue (6.2%).
There’s a massive $10.2 trillion opportunity gap in the U.S. economy. Women-owned businesses currently contribute $3.3 trillion, but if they matched the average revenue of male-owned businesses, they could add trillions more. At the current rate, it will take a staggering 120 years to close this gap.
The report examines these disparities, focusing on the impact of race, ethnicity, business size, industry, and geography. It also identifies steps taken by various stakeholders to dismantle these barriers and outlines areas for further action to unlock the full potential of women-owned businesses.
- Overview report
- Inforgrapic
- Key Figures on Asian American Women Entrepreneurs
- Key Figures on Black/African American Women Entrepreneurs
- Key Figures on Hispanic/Latino Women Entrepreneurs
- Key Figures on $1 Million-Plus Women-Owned Employers
- Key Figures on Women-Owned Middle Market Firms
- Key Figures on Women Entrepreneurs by Geography