Employment
83,163
Total employees (Census CBP)
Wholesale Trade ·NAICS 423420
NAICS 423420 · IRS SOI 2023 · Census CBP
Office Equipment Merchant Wholesalers - Industry Benchmarks
$77,877/yr average annual pay, with 98 SBA loans on record for NAICS 423420.
- 4.1%
- Wholesale Trade sector margin
- 83K
- Workers employed
- $77,877/yr
- Avg payroll / employee
- $77M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 423420
Illinois leads Office Equipment Merchant Wholesalers activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Wholesale Trade sector runs a 4.1% net margin.
- 4.1%
- Wholesale Trade sector margin (IRS SOI)
- 83K
- Workers employed (Census CBP)
- $77,877/yr
- Avg payroll / employee
- $77M
- SBA lending, FY20–26
Benchmarking Insights for Office Equipment Merchant Wholesalers
Office Equipment Merchant Wholesalers sits inside Wholesale Trade, a sector that runs a 4.1% net margin overall.
5,377 establishments employ 83,163 workers (15.5/location) at $77,877/yr average annual pay. Illinois leads employment, followed by Pennsylvania and Michigan.
Avg Payroll / Employee
$77,877/yr
Annual compensation
Establishments
5,377
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
establishment count decreased by 3,177. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $6.5B
- Avg Employees per Establishment
- 15.5
Top States by Employment
| State | Employment |
|---|---|
| Illinois | 3,876 |
| Pennsylvania | 3,120 |
| Michigan | 2,051 |
| Tennessee | 1,977 |
| Oregon | 1,754 |
| Colorado | 1,671 |
| Washington | 1,580 |
| Missouri | 1,492 |
| Louisiana | 1,040 |
| Nevada | 951 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
98
Total Loan Volume
$77M
Avg Loan Size
$781K
Jobs Supported
989
Program Breakdown
7(a) 92 (94%)
504 6 (6%)
Top SBA Lender
Newtek Bank, National Association
10 loans in this industry
New Business Share
12.2% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 9
2021 16
2022 11
2023 16
2024 27
2025 18
2026 1
Frequently Asked Questions
How profitable is Office Equipment Merchant Wholesalers?
IRS SOI doesn't publish margin data at the NAICS 423420 level. Illinois leads this industry nationally. The broader Wholesale Trade sector runs a 4.1% net margin (IRS SOI 2023).
How many businesses are in Office Equipment Merchant Wholesalers?
5,377 business establishments. Together they employ 83,163 workers.
What is the average payroll per employee in Office Equipment Merchant Wholesalers?
$77,877/yr average annual pay per employee. Businesses average 15.5 employees per establishment.
Which states have the most Office Equipment Merchant Wholesalers employment?
Illinois leads with 3,876 workers. Pennsylvania (3,120) and Michigan (2,051) round out the top three.
How much SBA lending does Office Equipment Merchant Wholesalers receive?
Office Equipment Merchant Wholesalers businesses received 98 SBA loans totaling $77 million between FY2020 and FY2026. The average loan size was $781K. These loans supported 989 jobs at origination. Most lending (94%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 68% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
- Travel Agencies 82,899
- Sales Financing 82,691
- Structural Steel and Precast Concrete Contractors 82,184
Benchmarking Office Equipment Merchant Wholesalers
- No margin data, check the parent industry. Browse Wholesale Trade
- 5,377 establishments, 83,163 workers. Payroll benchmarks
- 98 SBA loans on record. SBA lending rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 423420 · Data year: 2023
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.