Customs duties tripled in two years, closing on corporate tax
Summary
Treasury's own daily cash-accounting statement shows the U.S. government collected $256.8 billion in customs duties, taxes, and fees in fiscal year 2026 through July 9 -- up 105.5% from $125.0 billion at the same point in fiscal 2025, and 3.66 times the $70.1 billion collected at the same point in fiscal 2024. Over the same three-year window, corporate income tax collections moved the opposite direction, falling from $408.7 billion to $310.1 billion. The result: customs duties, which raised the equivalent of 17.2% of corporate income tax collections two years ago, now raise 82.8% as much -- without Congress passing a new tax.
Two years, three-and-a-half times the money
The growth has compounded year over year: fiscal-year-to-date customs collections through the same calendar date -- July 9 -- rose from $70.1 billion in FY2024 to $125.0 billion in FY2025 (+78.3%) to $256.8 billion in FY2026 (+105.5% more). The line item was renamed mid-2026 -- from ' - Customs and Certain Excise Taxes' to ' - Customs Duties, Taxes, and Fees' -- but the fiscal-year-to-date running total shows no reset across the change, confirming it's the same underlying revenue stream under a new label, not a change in what's being counted.
Corporate tax fell as customs rose
The comparison that puts the scale in context: over the same three-year window, fiscal-year-to-date corporate income tax collections moved the opposite direction -- $408.7 billion (FY2024) to $376.3 billion (FY2025) to $310.1 billion (FY2026), a 24.1% decline. Two years ago, customs collections through this point in the year equaled 17.2% of what corporate income tax had raised over the same window. This year, that ratio is 82.8%. This piece reports both trends as documented by Treasury's own data; it does not assert that one caused the other.
View data as table
| FY2024 | 17.2% |
|---|---|
| FY2025 | 33.2% |
| FY2026 | 82.8% |
View data as table
| FY2024 (through July 9) | 70.1 |
|---|---|
| FY2025 (through July 9) | 125 |
| FY2026 (through July 9) | 256.8 |
The takeaway
- Customs collections have more than tripled in two fiscal years. $70.1 billion (FY2024) to $256.8 billion (FY2026), through the same date each year -- a 3.66x increase with about three months still left in FY2026.
- The growth is compounding, not leveling off. FY2025 grew 78.3% over FY2024; FY2026 has already grown a further 105.5% over FY2025.
- Customs is closing the gap with corporate income tax as a revenue source. From 17.2% of corporate tax collections in FY2024 to 82.8% in FY2026 -- even as corporate tax collections themselves fell 24.1% over the same window.
All figures are drawn directly from the U.S. Treasury's Daily Treasury Statement, Table II (Deposits and Withdrawals of Operating Cash), queried via Treasury's public Fiscal Data API for the fiscal-year-to-date totals as reported on July 9 of fiscal years 2024, 2025, and 2026. These are Treasury's own real-time cash-accounting figures, not a final, audited annual total -- fiscal year 2026 does not close until September 30, 2026, so the full-year totals will differ from these year-to-date figures. This piece does not attribute a cause to the customs increase or the corporate-tax decline; it reports both trends as documented in Treasury's own data.
Sources(1) ▾
- U.S. Department of the Treasury, Bureau of the Fiscal Service, Daily Treasury Statement -- Table II, Deposits and Withdrawals of Operating Cash (Fiscal Data API) (2026-07-09) — Treasury's Daily Treasury Statement, Table II (Deposits and Withdrawals of Operating Cash), accessed directly via the public Fiscal Data API (api.fiscaldata.treasury.gov). Figures compare the ' - Customs Duties, Taxes, and Fees' fiscal-year-to-date line (renamed from ' - Customs and Certain Excise Taxes' sometime between Oct 15, 2025 and Dec 1, 2025 -- confirmed the same continuously-accumulating series by checking the FYTD running total across the rename, which shows no reset or discontinuity) against the 'Taxes - Corporate Income' FYTD line, for the same calendar date (July 9) across three consecutive fiscal years. api.fiscaldata.treasury.gov · original document
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As of July 9, 2026 -- about nine months into fiscal year 2026 -- the U.S. government had collected $256.8 billion in customs duties, taxes, and fees for the fiscal year to date, according to Treasury's own Daily Treasury Statement. That's up 105.5% from the $125.0 billion collected at the same point in fiscal 2025, and 3.66 times the $70.1 billion collected at the same point in fiscal 2024.