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McKinsey: Enterprise AI ROI Still Lags Adoption Hype

McKinsey's 2026 State of AI survey of 1,719 leaders found just 37% attribute any EBIT impact to AI, flat from 2025, while only 6% qualify as 'AI high performers' -- even as AI spending keeps climbing.

By the Numbers

1,719 leaders
Survey size
37%
Report any EBIT impact from AI
6%
'AI high performers'
40% (up from 27%)
Scaling AI agents ($1B+ rev cos.)
39% (up from 32%)
Expect AI-driven job cuts
TC
By the AI Desk
Edited by Trace Cohen ยท Early-stage VC & angel ยท Founder, New York Venture Partners
August 25, 2026
1 min read
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THE RUNDOWN

1

McKinsey's 2026 State of AI survey of 1,719 professionals and business leaders found 37% attribute at least some EBIT impact to AI use, unchanged from 2025, [The Register reported](https://www.theregister.com/ai-and-ml/2026/08/25/mckinsey-says-enterprise-ai-is-finally-on-the-road-to-roi/5292388)

2

Only 6% of respondents qualify as 'AI high performers' -- attributing 5%-plus of organizational EBIT to AI with significant impact -- also flat year over year despite continued spending increases

3

80% of AI users report improved individual productivity, but McKinsey found those gains haven't translated into measurable organizational financial benefit at anywhere near the same rate

4

39% of respondents now expect AI-driven job cuts, up from 32% in 2025, even though McKinsey notes actual 2025 workforce reductions fell well short of the prior year's predictions

TC

The VC Read ยท Trace's Take

Trace Cohen

The number that should worry anyone pitching enterprise AI ROI to a board right now is that the 6% 'high performer' figure hasn't moved at all year over year despite a jump from 27% to 40% in large companies scaling agents -- spending is accelerating faster than results are materializing, which is exactly the gap that eventually forces a spending correction. I'd want any enterprise AI startup's pitch deck to show a customer's actual EBIT trend line, not just adoption or seat-count growth, before treating their ROI claims as representative.

AI Valuations โ†’

Analysis

McKinsey's 2026 State of AI report, based on a survey of 1,719 professionals and business leaders globally, found that 37% of respondents attribute at least some EBIT impact to AI use -- unchanged from the 2025 survey -- while only 6% qualify as "AI high performers," defined as organizations attributing 5% or more of EBIT to AI with significant impact, also flat year over year, The Register reported.

  • 37% -- share reporting any EBIT impact from AI, unchanged from 2025
  • 6% -- share qualifying as "AI high performers," also flat
  • 80% -- AI users reporting improved individual productivity
  • 20% -- cite AI operating costs as a constraint on further AI use
  • 40% -- share of $1B-plus revenue companies scaling AI agents, up sharply from 27%
  • 39% -- expect AI-driven job cuts, up from 32% in 2025

The gap between the 80% reporting individual productivity gains and the much smaller 37% seeing organizational financial impact is the report's central tension: McKinsey states plainly that "organizations' conviction in AI is growing faster than the immediate financial returns they can attribute to it." Spending keeps climbing regardless -- the share of large companies scaling AI agents jumped from 27% to 40% year over year -- even as the EBIT-impact numbers refuse to move.

The job-cuts expectation trend is worth separating from actual outcomes: 39% of respondents now expect AI-driven headcount reductions, up from 32% last year, but McKinsey notes actual 2025 workforce reductions came in well short of the prior year's predictions, meaning the anticipation of AI-driven layoffs is consistently running ahead of realized ones. Nearly one-third of surveyed companies chose to build AI coding tools in-house rather than buy software, a build-versus-buy split relevant to any startup selling into enterprise AI tooling budgets.

Related Deep Dives

  • Enterprise AI Budgets โ€” Build vs Buy vs Partner (2026) โ†’
  • 95% No ROI โ€” AI Productivity Paradox (2026) โ†’
  • 91% Adopt AI, 89% No Gain โ€” Productivity Paradox โ†’
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Key Sources

2 sources
SourceThe Register
AnalysisValue Add Pulse

Reported by The Register ยท Analysis by Value Add Pulse.

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Enterprise AI Budgets โ€” Build vs Buy vs Partner (2026)95% No ROI โ€” AI Productivity Paradox (2026)91% Adopt AI, 89% No Gain โ€” Productivity Paradox
@Trace_Cohenยทt@nyvp.com