Federal premerger statistics
HSR activity, FY2016-FY2025
Annual notifications, monthly cadence, adjusted review denominators, Second Requests, early terminations, and FY2025 transaction-size bands.
- FY2025
- 2,006
- Second Requests
- 41
- Public rows
- 137
Public source dossierAgency reportFederal Trade Commission and U.S. Department of Justice
48th Hart-Scott-Rodino Annual Report (FY 2025)
Official annual report on the federal premerger notification program including reported transactions filings Second Requests early termination requests and fiscal-year 2025 transaction-size statistics.
This dossier follows one source through the observatory without widening its stated scope.
Evidence topology
Where this source enters the observatory
2/7 direct domains · 20 normalized indicators · 0 markets · 2016-2026Encoded row volume · log scaleExact counts shown
Public source48th Hart-Scott-Rodino Annual Report (FY 2025)Federal Trade Commission and U.S. Department of Justice / 3 active routes / 2016-2026
- Record identityftc-doj-hsr-report-2025Federal Trade Commission and U.S. Department of Justice Antitrust Division, 2026
- Source classAgency reportAccessed Jul 18, 2026
- Encoded scope3 active routes139 direct / 20 indicator rows
- Permitted inferenceTrace + reproduceNo automatic endorsement or comparability
Evidence topology
Where this record enters the observatory
Definitions0Not encodedObservations0Not encodedParticipants0Not encodedPolicy records137official recordsReports2public reportsIndustries0Not encodedGeographies0Not encodedIndicators20normalized indicator observations / normalized route
A zero means this source has no encoded row in that evidence domain. It is a boundary in the current observatory release, not a claim that the underlying institution publishes no relevant evidence. Indicator observations are shown as a separate normalized route and are not added to direct-domain totals.
Market context
Markets reached by this source
No market profile link encoded
No definition, measurement, policy record, or cited report currently connects this source to a market profile.
Measurement releases
Definitions, observations, and participant rows
No market measurement rows encoded
This source currently contributes through policy chronology, report citation, or industry evidence rather than market definitions, observations, or participant shares.
Official record chronology
Policy records backed by this source
Research reuse
Public reports citing this record
Published report
Jul 20, 2026
The Federal Merger Review Pipeline, 2016-2025
Read reportA source-backed research brief tracing ten fiscal years of HSR notifications, monthly activity, in-depth review, and the FY2025 transaction-size field without treating federal procedure as a finding of competitive harm.
Federal Trade Commission and U.S. Department of Justice 48th Hart-Scott-Rodino Annual Report, including FY2016-FY2025 annual and fiscal-month tables and the FY2025 transaction-size table.
Published report
Jul 19, 2026
The U.S. Competition Landscape
Read reportA national briefing that aligns defined-market signals, industry structure, state and local geographic concentration screens, merger activity, and enforcement records without collapsing their different scopes.
2022 and 2017 U.S. Economic Census industry concentration tables, USDA ERS historical meatpacking CR4, KFF 2024 state individual-market HHI, FDIC 2025 statewide and county Summary of Deposits screens, the FY2025 FTC/DOJ HSR report, and source-backed market and enforcement records.
Industry observatory
NAICS concentration evidence
No NAICS industry rows encoded
This source does not back the Census national industry-concentration tables in the current release. Its other evidence-domain counts remain independently inspectable.
Citation custody
The record behind the rows
Federal Trade Commission and U.S. Department of Justice Antitrust Division, 48th Hart-Scott-Rodino Annual Report, Fiscal Year 2025, July 2026.
Official annual report on the federal premerger notification program including reported transactions filings Second Requests early termination requests and fiscal-year 2025 transaction-size statistics.
Canonical source citation
Federal Trade Commission and U.S. Department of Justice Antitrust Division, 48th Hart-Scott-Rodino Annual Report, Fiscal Year 2025, July 2026. Available at https://www.ftc.gov/reports/federal-trade-commission-bureau-competition-department-justice-antitrust-division-hart-scott-rodino-10. Accessed Jul 18, 2026. Antitrust Radar source record ftc-doj-hsr-report-2025: https://antitrustradar.org/sources/ftc-doj-hsr-report-2025
- Publisher
- Federal Trade Commission and U.S. Department of Justice
- Access date
- Jul 18, 2026
- License note
- Public federal government report
- Archive
- No archive URL recorded
Source-scoped data packet
Reusable public endpoints
1
Source record
Citation, publisher, access, and license
0
Definitions
Product, geography, denominator, and limits
0
Observations
HHI, market size, status, and methodology
0
Participants
Firm shares, rank, aggregate flags, and custody
0
Official records
Dated enforcement and policy chronology
0
Named edges
Exact organization roles in official records
0
Event windows
Bounded pre, event-year, and post HHI context
20
Indicator observations
Bounded measures carrying this source's custody
10
HSR annual activity
Fiscal-year notifications, review, and early termination
120
HSR monthly activity
Fiscal-month transactions and filings
7
HSR transaction sizes
FY2025 adjusted value bands and review rates
2
Reports
Published observatory work citing this source
Interpretation boundary
Use the source at its encoded scope
A source dossier documents how this observatory uses one public record. It does not endorse every claim in that record, make unlike measures comparable, or extend the source beyond its stated product, geography, population, and vintage.