The market winced. Business spend held firm.

The Coupa Business Spend Index™ Quarterly Update

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Coupa Spend Lab

Driving Coupa Research and Intelligence

Transforming one of the largest business-spend datasets in the world into actionable understanding for our customers and partners to use.

We are a research function inside of Coupa

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AI Transformation Strategy

We think about how AI delivers value in enterprise software, how knowledge flows between machines and the people who use them, and what actually changes inside an organization when intelligent systems enter its workflows.

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Academic Research

Academic partnerships give Coupa access to peer-reviewed statistical methods, frontier research, and the discipline of academic scrutiny. In return, we give access to resources and ideas that help push progress forward.

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Customer Value

We build the research, the methods, and the arguments that let value advisors, product teams, and executives speak with confidence on benchmarks, forecasts, and customer recommendations.

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REPORT

The market winced. Business spend held firm.

The latest Coupa Business Spend Index™ Report explores the impact of tariffs, market volatility, and more across five key industries. Find out how they responded to the pressure.

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When a volatile market meets growing tech spend

Stock prices react in seconds. Business budgets take months. When the Nasdaq corrected, corporate tech spend kept rising. That gap may be the signal investors have been missing.

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Manufacturing holds: Tariffs changed the price, not the orders

Tariffs rewrote the rules three times in six months, and Manufacturing spend never blinked. Now the Fed has raised rates for the first time since 2023, and that could be the shock that finally bites.

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High Tech spend drops, but not why you’d think

Software's share of High Tech spend just dropped from 12.5% to 8.56%, but not because companies are spending less. They're buying something else, and it signals how AI is really being built.

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Only one sector moved against the economy. Here's why it's Healthcare.

While every other sector held steady or expanded despite volatility, Healthcare & Life Sciences cut spending by 2.8%. Will rising costs and funding uncertainty continue to squeeze budgets to drive more cuts?

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Communicators and consultants

Research earns its keep only when it reaches the people who can act on it. Closing the gap between what the data says and what an organization should do about it is our mission.

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