Income grew the most in holding companies, increasing $40.0 billion.

Key evidence

The source directly reports the ordering for the stated scope: The largest increase in position was from German multinationals, with a $49.0 billion increase, and the second-largest increase in position was from Canadian multinationals, with a $39.2 billion increase. The source reports an amount on a billion scale for the stated scope: Income in finance and insurance fell by $6.3 billion compared to 2024.

The source reports a percentage change for the stated scope across the stated periods: parent , investment by manufacturing MNEs accounted for 50.2 percent of the position, followed by MNEs in finance and insurance (15.8 percent). The source directly reports the ordering for the stated scope: Japan was the top investing country with a position of $776.3 billion, followed by the Netherlands ($751.8 billion), Canada ($747.3 billion), and the United Kingdom ($738.3 billion).

The source reports an amount on a billion scale for the stated scope: The increase was led by a $182.4 billion increase in the position from Europe. The source directly compares reported values for Direct Investment: direct investment abroad position , or cumulative level of investment, increased $438.1 billion to $7.14 trillion at the end of 2025, according to statistics released today by the U.S. The foreign direct investment in the United States position increased $266.0 billion to $5.86 trillion at the end of 2025.

MNEs earned income of $660.1 billion in 2025 on their cumulative investment abroad, an 11.1 percent increase from 2024. The increase was led by a $350.2 billion increase in the position in Europe, primarily in the United Kingdom and Luxembourg. manufacturing sector, which accounted for 42.8 percent of the total position.

Manufacturing affiliates were second, with 15.9 percent, and finance and insurance affiliates were third, with 13.5 percent, of U.S. By industry of the directly owned foreign affiliate , investment was largest in holding companies, which accounted for 45.8 percent of the overall position abroad in 2025. The position was largest in the United Kingdom ($1,114.7 billion), followed by the Netherlands ($1,044.0 billion), Luxembourg ($645.3 billion), Ireland ($511.9 billion), and Canada ($488.1 billion).