Tariff revenueFY2025 and FY2026 to date
How much money does the US collect from tariffs?
$194.9 billion in customs duties in fiscal year 2025, +153% on FY2024.In FY2026 through August 2026 the Treasury collected $292.5 billion in customs duties and refunded $125.2 billion, leaving $167.3 billion net. Daily Treasury Statement: $1.5 billion of customs duties, taxes and fees deposited in FY2027 through October 7, 2026 ($267.0 million that day).
FY2025 net
$195B
FY2024: $77B
FY2026 collected
$293B
to Aug '26, before refunds
FY2026 refunds
$125B
net $167B
By month: collected and refunded
August 2026: $23.4 billion collected, $10.5 billion refunded
Customs duties by month, gross collections and refunds, last 24 months
- Duties collected (gross)
- Refunds
Every month with the net figure
| Month | Collected (gross) | Refunds | Net customs receipts |
|---|---|---|---|
| August 2026 | $23.4 billion | $10.5 billion | $12.8 billion |
| July 2026 | $24.8 billion | $33.4 billion | -$8.5 billion |
| June 2026 | $23.6 billion | $49.2 billion | -$25.6 billion |
| May 2026 | $21.9 billion | $22.0 billion | -$42.3 million |
| April 2026 | $23.9 billion | $1.8 billion | $22.1 billion |
| March 2026 | $24.0 billion | $1.9 billion | $22.2 billion |
| February 2026 | $27.2 billion | $575.1 million | $26.6 billion |
| January 2026 | $29.5 billion | $1.8 billion | $27.7 billion |
| December 2025 | $29.3 billion | $1.4 billion | $27.9 billion |
| November 2025 | $31.7 billion | $977.2 million | $30.8 billion |
| October 2025 | $33.1 billion | $1.7 billion | $31.4 billion |
| September 2025 | $30.5 billion | $817.9 million | $29.7 billion |
| August 2025 | $30.1 billion | $629.0 million | $29.5 billion |
| July 2025 | $28.4 billion | $770.3 million | $27.7 billion |
| June 2025 | $27.2 billion | $522.9 million | $26.6 billion |
| May 2025 | $22.8 billion | $648.5 million | $22.2 billion |
| April 2025 | $16.3 billion | $669.1 million | $15.6 billion |
| March 2025 | $8.7 billion | $581.0 million | $8.2 billion |
| February 2025 | $7.7 billion | $428.6 million | $7.2 billion |
| January 2025 | $7.9 billion | $538.9 million | $7.3 billion |
| December 2024 | $7.4 billion | $573.1 million | $6.8 billion |
| November 2024 | $7.4 billion | $661.8 million | $6.7 billion |
| October 2024 | $7.9 billion | $650.8 million | $7.3 billion |
| September 2024 | $7.7 billion | $480.1 million | $7.2 billion |
U.S. Treasury, Monthly Treasury Statement, Table 4, "Customs Duties".
The latest days
The Daily Treasury Statement shows cash deposits of customs duties, taxes and fees as they arrive. On October 7, 2026 they were $267.0 million; month to date $1.5 billion; fiscal year 2027 to date $1.5 billion. Over the last 21 business days deposits averaged $1.3 billion a day. These are gross deposits before refunds, and include some fees and taxes besides duties, so they differ slightly from the monthly statement.
| Date | Deposited that day | Month to date | Fiscal year to date |
|---|---|---|---|
| October 7, 2026 | $267.0 million | $1.5 billion | $1.5 billion |
| October 6, 2026 | $309.0 million | $1.3 billion | $1.3 billion |
| October 5, 2026 | $324.0 million | $946.0 million | $946.0 million |
| October 2, 2026 | $339.0 million | $623.0 million | $623.0 million |
| October 1, 2026 | $284.0 million | $284.0 million | $284.0 million |
| September 30, 2026 | $278.0 million | $26.6 billion | $332.6 billion |
| September 29, 2026 | $457.0 million | $26.3 billion | $332.3 billion |
| September 28, 2026 | $373.0 million | $25.9 billion | $331.8 billion |
| September 25, 2026 | $398.0 million | $25.5 billion | $331.5 billion |
| September 24, 2026 | $272.0 million | $25.1 billion | $331.1 billion |
| September 23, 2026 | $18.7 billion | $24.8 billion | $330.8 billion |
| September 22, 2026 | $593.0 million | $6.2 billion | $312.1 billion |
| September 21, 2026 | $570.0 million | $5.6 billion | $311.5 billion |
| September 18, 2026 | $1.1 billion | $5.0 billion | $310.9 billion |
| September 17, 2026 | $342.0 million | $3.9 billion | $309.8 billion |
Tariff revenue by year
As a share of all federal receipts, customs were 3.7% in FY2025; the highest share since 1940 before that was 5.1% in 1940.
FY2025 customs duties were the highest on record in dollars
Customs duties and fees by fiscal year, nominal dollars
Every year since 1940, with the share of federal receipts
| Fiscal year | Customs duties and fees | Share of all federal receipts |
|---|---|---|
| 2025 | $194.9 billion | 3.7% |
| 2024 | $77.0 billion | 1.6% |
| 2023 | $80.3 billion | 1.8% |
| 2022 | $99.9 billion | 2.0% |
| 2021 | $80.0 billion | 2.0% |
| 2020 | $68.6 billion | 2.0% |
| 2019 | $70.8 billion | 2.0% |
| 2018 | $41.3 billion | 1.2% |
| 2017 | $34.6 billion | 1.0% |
| 2016 | $34.8 billion | 1.1% |
| 2015 | $35.0 billion | 1.1% |
| 2014 | $33.9 billion | 1.1% |
| 2013 | $31.8 billion | 1.1% |
| 2012 | $30.3 billion | 1.2% |
| 2011 | $29.5 billion | 1.3% |
| 2010 | $25.3 billion | 1.2% |
| 2009 | $22.5 billion | 1.1% |
| 2008 | $27.6 billion | 1.1% |
| 2007 | $26.0 billion | 1.0% |
| 2006 | $24.8 billion | 1.0% |
| 2005 | $23.4 billion | 1.1% |
| 2004 | $21.1 billion | 1.1% |
| 2003 | $19.9 billion | 1.1% |
| 2002 | $18.6 billion | 1.0% |
| 2001 | $19.4 billion | 1.0% |
| 2000 | $19.9 billion | 1.0% |
| 1999 | $18.3 billion | 1.0% |
| 1998 | $18.3 billion | 1.1% |
| 1997 | $17.9 billion | 1.1% |
| 1996 | $18.7 billion | 1.3% |
| 1995 | $19.3 billion | 1.4% |
| 1994 | $20.1 billion | 1.6% |
| 1993 | $18.8 billion | 1.6% |
| 1992 | $17.4 billion | 1.6% |
| 1991 | $15.9 billion | 1.5% |
| 1990 | $16.7 billion | 1.6% |
| 1989 | $16.3 billion | 1.6% |
| 1988 | $16.2 billion | 1.8% |
| 1987 | $15.1 billion | 1.8% |
| 1986 | $13.3 billion | 1.7% |
| 1985 | $12.1 billion | 1.6% |
| 1984 | $11.4 billion | 1.7% |
| 1983 | $8.7 billion | 1.4% |
| 1982 | $8.9 billion | 1.4% |
| 1981 | $8.1 billion | 1.3% |
| 1980 | $7.2 billion | 1.4% |
| 1979 | $7.4 billion | 1.6% |
| 1978 | $6.6 billion | 1.6% |
| 1977 | $5.2 billion | 1.4% |
| 1976 | $4.1 billion | 1.4% |
| 1975 | $3.7 billion | 1.3% |
| 1974 | $3.3 billion | 1.3% |
| 1973 | $3.2 billion | 1.4% |
| 1972 | $3.3 billion | 1.6% |
| 1971 | $2.6 billion | 1.4% |
| 1970 | $2.4 billion | 1.3% |
| 1969 | $2.3 billion | 1.2% |
| 1968 | $2.0 billion | 1.3% |
| 1967 | $1.9 billion | 1.3% |
| 1966 | $1.8 billion | 1.4% |
| 1965 | $1.4 billion | 1.2% |
| 1964 | $1.3 billion | 1.1% |
| 1963 | $1.2 billion | 1.1% |
| 1962 | $1.1 billion | 1.1% |
| 1961 | $982.0 million | 1.0% |
| 1960 | $1.1 billion | 1.2% |
| 1959 | $925.0 million | 1.2% |
| 1958 | $782.0 million | 1.0% |
| 1957 | $735.0 million | 0.9% |
| 1956 | $682.0 million | 0.9% |
| 1955 | $585.0 million | 0.9% |
| 1954 | $542.0 million | 0.8% |
| 1953 | $596.0 million | 0.9% |
| 1952 | $533.0 million | 0.8% |
| 1951 | $609.0 million | 1.2% |
| 1950 | $407.0 million | 1.0% |
| 1949 | $367.0 million | 0.9% |
| 1948 | $403.0 million | 1.0% |
| 1947 | $477.0 million | 1.2% |
| 1946 | $424.0 million | 1.1% |
| 1945 | $341.0 million | 0.8% |
| 1944 | $417.0 million | 1.0% |
| 1943 | $308.0 million | 1.3% |
| 1942 | $369.0 million | 2.5% |
| 1941 | $365.0 million | 4.2% |
| 1940 | $331.0 million | 5.1% |
Office of Management and Budget, Historical Tables, Table 2.5 (FY2027 Budget).
Where it goes
Customs duties go into the Treasury's general fund with income taxes and other receipts; they are not earmarked for particular programs. Federal spending is far larger: in FY2025 customs covered about 2.8% of outlays. See the federal deficit and where the money is spent.
Questions and answers
- How much money has the US collected from tariffs?
- $194.9 billion in customs duties in fiscal year 2025 (October 2024 to September 2025), up from $77.0 billion in FY2024. In FY2026 through August 2026 the Treasury collected $292.5 billion in customs duties and refunded $125.2 billion, leaving $167.3 billion net.
- How much tariff revenue in 2026?
- In FY2026 through August 2026 the Treasury collected $292.5 billion in customs duties and refunded $125.2 billion, leaving $167.3 billion net.
- How much do tariffs bring in per month?
- Gross duties were $23.4 billion in August 2026, with $10.5 billion refunded. The monthly table above has every month.
- Why were customs receipts negative in some months?
- The monthly statement records refunds against collections. In May 2026, June 2026, July 2026 refunds were larger than the duties collected that month, so net customs receipts were below zero. The statement does not say which tariffs were refunded.
- Who pays tariffs?
- The importer of record pays the duty to U.S. Customs and Border Protection when goods enter the country. Whether the cost is passed on to buyers or absorbed by sellers is an economic question this data does not answer.
- How much tariff revenue comes from each country?
- The Treasury reports customs duties as one total. Duties by country of origin are published in trade statistics (the U.S. International Trade Commission's DataWeb), not in the federal accounts used here.
- How big are tariffs compared with other taxes?
- 3.7% of all federal receipts in FY2025. Individual income taxes are by far the largest source; see where federal revenue comes from.
Related
- Federal revenueby source
- Federal deficitby year
- Spending as % of GDPsince 1930
- Immigration enforcementby year
- Customs and Border Protectionby year
- Federal Bureau of Prisonsby year
- Disaster reliefby year
- Medical researchby year
Sources and notes
- U.S. Treasury, Monthly Treasury Statement, Table 4: Receipts of the U.S. Government, "Customs Duties" (gross, refunds, net), March 2015 to 2026-08-31. Public domain.
- U.S. Treasury, Daily Treasury Statement, deposits "DHS - Customs Duties, Taxes, and Fees", through 2026-10-07. Public domain.
- Office of Management and Budget, Historical Tables 2.1 and 2.5, actual years only. Public domain.