Market Note · 19 October 2026

GSA Schedule Orders Fell by Nearly Half Since FY2021. The Dollars Rose 18%.

From October through June, agencies placed 43,164 new orders under the GSA Multiple Award Schedule in FY2021 and 23,034 in FY2026. Obligations on Schedule orders over the same months went from $11.71 billion to $13.82 billion, in current dollars. In both years more than half of the new orders were GSA buying for itself; the rest of government shows nearly the same decline.

Intelligent Win · Market Intelligence — measured on intelligent.win’s contract corpus.

Data as of6 October 2026 federal data releaseEvery fiscal year covers October through June, all agencies, so Defense is complete in every year shown. FY2025 and FY2026 come from the 6 October 2026 release; FY2021 to FY2024 come from earlier USASpending releases.

Agencies placed 23,034 new orders under the GSA Multiple Award Schedule from October 2025 through June 2026. In the same nine months of FY2021 they placed 43,164. That is 46.6% fewer.

The money moved the other way. Obligations on Schedule orders in those nine months rose from $11.71 billion in FY2021 to $13.82 billion in FY2026, up 18.0%, in current dollars, not adjusted for inflation.

The two lines are measured differently on purpose. The order count is new orders: each order counted once, in the month it was signed. The dollar line is every obligation on Schedule orders in the window, including money added to orders signed in earlier years, net of de-obligations.

GSA itself is more than half the count. In both years more than half of new Schedule orders were placed and paid for by GSA’s own supply operation: 23,365 in FY2021 and 12,322 in FY2026, most of them under $10,000. Leaving those out, new orders from the rest of government fell from 19,799 to 10,712, down 45.9%, and their obligations rose from $11.43 billion to $13.36 billion, up 16.9%.

Two stacked bar charts sharing one fiscal-year axis. Top, new GSA Schedule orders October through June, GSA's own supply orders plus rest of government: FY2021 23,365 plus 19,799 equals 43,164; FY2022 30,360 plus 19,493 equals 49,853; FY2023 21,437 plus 20,196 equals 41,633; FY2024 17,650 plus 16,779 equals 34,429; FY2025 14,904 plus 14,008 equals 28,912; FY2026 12,322 plus 10,712 equals 23,034. Bottom, net obligations on Schedule orders over the same months: FY2021 $11.7B; FY2022 $11.9B; FY2023 $13.1B; FY2024 $13.8B; FY2025 $12.8B; FY2026 $13.8B, of which GSA's own supply orders were $0.3B to $0.5B each year.
Each fiscal year covers October through June, the last month complete for every agency in the October 6, 2026 release. New orders are counted once, in the month signed. Obligations include money added to earlier orders, net of de-obligations, in current dollars, not adjusted for inflation. GSA's own supply orders are Schedule orders that GSA both awarded and funded. FY2025 and FY2026 from the October 6, 2026 USASpending release; FY2021 to FY2024 from earlier USASpending releases (USASpending / FPDS).

Why October through June. Defense contract records reach the public file about 90 days after signing. In the October 6, 2026 release, defense Schedule orders run 787 new orders in June 2026, 115 in July, and none in August or September, so June is the last month complete for every agency. Every year here uses the same nine months.

Civilian agencies have a complete FY2026. For the full year, civilian new Schedule orders went from 50,854 in FY2021 to 28,787 in FY2026, down 43.4%. Without GSA’s own supply orders, civilian new orders went from 17,769 to 10,391, down 41.5%, and their obligations from $13.56 billion to $17.42 billion, up 28.5%. Defense FY2026 is not complete in this release, so it is not added in.

Where the orders went. Orders whose first action was under $10,000 fell from 30,210 to 13,499 over the October through June window. GSA’s own supply orders account for 77% of that small-order decline. Across the rest of government, small orders are 42% of that group’s drop, so most of the rest of government’s decline is in larger orders.

The first thing we did was try to break it.

  • October and November 2025 coincide with the 43-day lapse in appropriations, and new orders in those two months were about half the prior year’s. Leaving both months out of every year, December through June still falls 43.1% from FY2021 to FY2026.
  • Blanket purchase agreements set up under Schedule contracts did not absorb the decline. New calls under them fell 13.0% over the same window, from 456,065 to 396,618.
  • Today’s holder list would understate the change. Counting only contracts on GSA’s current roster shows a 13.6% decline, because contracts that have since expired or been replaced under new numbers drop out of the early years. Every figure here uses the government’s own record of which orders were placed under the Schedule.

This note describes what the federal record shows. It does not say why ordering changed, or what the next year will look like.

Methodology
·Source. USASpending prime contract transactions (USASpending / FPDS). FY2025 and FY2026 as of the October 6, 2026 USASpending release; FY2021 to FY2024 from earlier USASpending releases.
·Window. Every fiscal year covers October through June, the last month complete for every agency in the October 6, 2026 release, so defense is complete in every year compared.
·New orders. Orders placed under the GSA Multiple Award Schedule, each counted once, in the month it was signed.
·Obligations. Every obligation on Schedule orders in the window, including money added to orders signed in earlier years, net of de-obligations, in current dollars, not adjusted for inflation.
·GSA’s own supply orders. Schedule orders that GSA both awarded and funded.
·Which orders count. The government’s own record of which orders were placed under the Schedule, not today’s holder list.

These numbers came out of the platform, not a spreadsheet.
The same contract corpus behind this note — 2.6 million contracts, reconciled against the government’s own published totals before anything publishes — is what the product runs on. If you want to see how it’s assembled and checked, that’s written up in full.