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Leaders are focusing on strategic growth, innovation, and expansion, with ongoing adoption of artificial intelligence playing a key role. At the same time, 2026 is widely viewed as a year of monitoring and adapting to change. Most believe the economy will ultimately remain stable, but outcomes will depend in part on geopolitical developments.
Overall, the report reflects a balance of optimism and caution. Businesses are preparing for growth while remaining aware of risks such as inflation, structural economic challenges, and global uncertainty. Although these risks are present, they have not yet fully materialized, reinforcing a broader trend of slow, cautious optimism seen across multiple surveys.
2026 U.S. Business Leaders Outlook (JPMorgan)
- Business leaders enter 2026 with cautious optimism, with about 74% expressing confidence in their company’s outlook despite broader economic uncertainty
- Strong growth expectations persist, as roughly 73%–76% anticipate increased revenue and about 64%–76% expect higher profits
- Hiring plans remain positive, with around half of firms planning to increase headcount, signaling continued labor demand
- Concerns about a recession have declined, with only about 27% expecting one in 2026, reflecting improved confidence compared to prior periods
- Economic uncertainty is the top challenge (around 49%), followed by pressures related to revenue growth, tariffs, inflation, and labor costs
- There is a disconnect between company-level optimism and national economic sentiment, with fewer leaders optimistic about the broader economy
- Businesses are prioritizing strategic growth initiatives such as new products, market expansion, partnerships, and mergers and acquisitions
- Technology adoption—especially artificial intelligence—is accelerating and viewed as critical for maintaining competitiveness
- Overall, the outlook reflects resilience and adaptability, as firms continue to pursue growth while navigating inflation, policy changes, and global uncertainty
JPMorgan Chase & Co. (2026). 2026 U.S. business leaders outlook. https://www.jpmorgan.com/insights/markets-and-economy/business-leaders-outlook/2026-us-business-leaders-outlook




