Financial Accounts of the United States - Z.1
S11.1.r Nonfinancial corporate business 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Change in net worth(1) | FC102090005 | 1398.7 | 1564.8 | 4067.8 | -4.7 | -31.8 | 1241.6 | 1902.5 | 955.5 | 1097.0 |
| Line 2 | Net investment | FU102090005 | 375.2 | 438.4 | 593.9 | 367.0 | 216.2 | 18.4 | 12.0 | 347.3 | 532.1 |
| Line 3 | Nonfinancial investment | FU102010005 | 630.4 | 639.9 | 701.8 | 99.8 | 235.1 | 117.6 | 232.4 | 116.7 | 229.4 |
| Line 4 | Real estate | FU105035005 | 262.0 | 238.4 | 226.3 | 49.2 | 40.8 | 47.4 | 97.1 | 41.1 | 40.9 |
| Line 5 | Equipment | FU105015205 | 132.8 | 147.3 | 206.1 | 35.6 | 46.7 | 52.1 | 53.5 | 53.8 | 65.1 |
| Line 6 | Intellectual property products | FU105013765 | 227.5 | 203.5 | 209.7 | 46.8 | 47.5 | 52.5 | 53.9 | 55.9 | 59.0 |
| Line 7 | Inventories | FU105020015 | 10.9 | 53.9 | 63.7 | -30.8 | 101.1 | -33.4 | 29.0 | -32.9 | 65.4 |
| Line 8 | Nonproduced nonfinancial assets | FU105420005 | -2.7 | -3.2 | -4.1 | -1.0 | -0.9 | -1.0 | -1.0 | -1.2 | -1.0 |
| Line 9 | Net acquisition of financial assets | FU104090005 | 1458.1 | 321.8 | 1396.2 | 455.4 | 219.7 | 262.0 | 92.4 | 822.1 | 966.4 |
| Line 10 | Less: Net increase in liabilities | FU104190005 | 1713.4 | 523.2 | 1504.1 | 188.2 | 238.6 | 361.2 | 312.8 | 591.5 | 663.7 |
| Line 11 | Net holding gains | FR102090005 | 1131.3 | 1142.9 | 3469.8 | -360.1 | -248.9 | 1222.2 | 1889.4 | 607.1 | 563.9 |
| Line 12 | Nonfinancial assets | FR102010005 | -720.1 | -44.7 | 624.9 | 193.0 | -335.4 | -134.4 | 994.2 | 100.5 | 540.6 |
| Line 13 | Real estate | FR105035005 | -886.7 | -254.6 | 212.5 | 95.0 | -347.0 | -227.7 | 837.2 | -49.9 | 384.7 |
| Line 14 | Equipment(2) | FR105015205 | 134.6 | 94.2 | 226.1 | 2.1 | 10.4 | 56.5 | 98.9 | 60.2 | 72.0 |
| Line 15 | Intellectual property products(2) | FR105013765 | 64.6 | 91.3 | 131.5 | 32.6 | 17.4 | 11.9 | 47.3 | 54.9 | 30.8 |
| Line 16 | Inventories(2), (3) | FR105020015 | -32.5 | 24.4 | 54.7 | 63.3 | -16.2 | 24.8 | 10.8 | 35.3 | 53.1 |
| Line 17 | Financial assets | FR104090005 | 1472.4 | 935.3 | 2584.7 | -536.8 | 148.9 | 1195.1 | 758.3 | 482.4 | 93.6 |
| Line 18 | Debt securities | FR104022005 | 5.1 | -2.6 | 5.8 | -6.4 | 3.4 | 0.2 | 1.9 | 0.2 | -1.4 |
| Line 19 | Corporate equities | FR103064103 | 603.4 | 670.9 | 523.0 | 67.8 | -145.9 | 324.6 | 260.8 | 83.5 | -166.0 |
| Line 20 | U.S. direct investment abroad: equity | FR103092105 | 825.4 | 228.8 | 1991.8 | -592.3 | 291.6 | 836.9 | 474.6 | 388.6 | 270.5 |
| Line 21 | Mutual fund shares | FR103064203 | 47.2 | 37.4 | 51.2 | -6.4 | -7.1 | 30.6 | 21.6 | 6.2 | -9.7 |
| Line 22 | U.S. direct investment abroad: intercompany debt | FR103092305 | -7.7 | 0.7 | 13.4 | 0.0 | 7.0 | 3.0 | -0.5 | 3.9 | 0.0 |
| Line 23 | Miscellaneous assets | FR103090005 | -0.9 | 0.2 | -0.5 | 0.5 | -0.2 | -0.1 | -0.2 | 0.0 | 0.2 |
| Line 24 | Less: liabilities | FR104190005 | -379.0 | -252.3 | -260.3 | 16.2 | 62.4 | -161.6 | -136.9 | -24.2 | 70.4 |
| Line 25 | Foreign direct investment: intercompany debt | FR103192305 | -6.3 | 15.0 | -12.8 | 1.7 | 11.9 | -13.8 | -14.3 | 3.4 | 0.0 |
| Line 26 | Claims of pension fund on sponsor | FR573073005 | -372.7 | -267.3 | -247.5 | 14.6 | 50.5 | -147.8 | -122.6 | -27.6 | 70.3 |
| Line 27 | Miscellaneous liabilities | FR103193005 | 0.0 | 0.0 | -0.0 | 0.0 | -0.0 | 0.0 | 0.0 | -0.0 | 0.0 |
| Line 28 | Other volume changes(4) | FV102090005 | -107.8 | -16.5 | 4.1 | -11.6 | 0.9 | 1.0 | 1.0 | 1.2 | 1.0 |
| Memo: | |||||||||||
| Line 29 | Net worth outstanding (assets minus liabilities)(5) | LM102090005 | 31489.3 | 33054.2 | 37121.9 | 33054.2 | 33022.4 | 34264.0 | 36166.4 | 37121.9 | 38219.0 |
Notes:
- Sum of net investment (line 2), net holding gains (line 11), and other volume changes (line 28).
- Valued at current cost.
- Before inventory valuation adjustment.
- Consists of statistical discontinuities and disaster-related losses to fixed assets.
- Nonfinancial corporate business table (S11.1.b), line 46.
Last Update: June 11, 2026