Wholesale Trade ·NAICS 423430

2026 data Public-data reference. IRS SOI · Census CBP · 2023 Unknown margin

Wholesale Trade — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Wholesale Trade (NAICS 423430). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Wholesale Trade (NAICS 423430) does not have profit margin data available in the current IRS SOI release. Census Bureau data identifies 6,677 business establishments employing 193,943 workers nationwide.

Benchmarking Insights for Wholesale Trade

When you read the financial profile for Wholesale Trade, the number only becomes actionable when paired with scale. This industry sits inside the broader Wholesale Trade sector and reports N/A of aggregate annual receipts. Owners comparing their own books should read the margin as a midpoint — smaller operators typically run several points below the aggregate because fixed overhead (rent, software, insurance) consumes a larger share of lower revenue bases. Treat the industry figure as a ceiling calibrated by businesses that have already achieved operating leverage.

Labor economics tell the second half of the story. Census CBP shows 6,677 active establishments employing 193,943 workers, averaging 29.1 employees per location and paying $143,080/yr per employee annually. California leads the geographic distribution of employment, with Texas and New York rounding out the top three concentrations. Headcount density matters because thin-margin industries only clear the cash-flow bar when establishments reach the staffing level where fixed costs amortize — a useful cross-check against the margin line above.

Capital access is the third lens. SBA 7(a) and 504 approvals for this industry totaled 178 loans worth $92 million between FY2020 and FY2025, supporting 1,159 jobs at origination. The average ticket size — $517K — signals the typical capital gap operators bridge when expanding. Northeast Bank ranks as the most active SBA lender serving this NAICS code. Use this alongside the IRS and Census figures to decide whether your own plan should target operational efficiency, workforce expansion, or financed growth.

Profit Margin

N/A

Net income ÷ total receipts (IRS SOI)

Total Receipts

N/A

Annual revenue (IRS SOI)

Net Income

N/A

Pre-tax net income

Employment

193,943

Total employees (Census CBP)

Avg Payroll / Employee

$143,080/yr

Annual compensation

Establishments

6,677

Business locations

Workforce scale

Establishment-size distribution and per-establishment headcount based on Census Statistics of US Businesses (SUSB) typical strata.

Financial Detail

Total Tax Returns Filed
N/A
Total Deductions
N/A
Avg Receipts per Business
N/A
Annual Payroll (Total)
$27.7B
Avg Employees per Establishment
29.1

Top States by Employment

State Employment
California 41,267
Texas 12,092
New York 9,444
Florida 8,690
Virginia 7,008
Washington 6,354
Pennsylvania 5,282
Colorado 4,665
Minnesota 3,620
Wisconsin 2,881

Showing top 10 of 51 states

SBA Lending Activity

FY2020–2025

Small Business Administration 7(a) and 504 loan data for this industry. Source: SBA FOIA dataset.

SBA Loans Approved

178

FY2020–2025

Total Loan Volume

$92M

7(a) + 504 programs

Avg Loan Size

$517K

Per approved loan

Jobs Supported

1,159

Reported at origination

Program Breakdown

7(a) Loans 164 loans (92%)
504 Loans 14 loans (8%)

Top SBA Lender

Northeast Bank

23 loans in this industry

New Business Share

16.3% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
17 loans
FY2021
26 loans
FY2022
11 loans
FY2023
30 loans
FY2024
47 loans
FY2025
44 loans
FY2026
3 loans

SBA fiscal year runs Oct–Sep. FY2025 = partial year through Sep 2025.

Source: SBA 7(a) and 504 FOIA dataset · FY2020–FY2025 · View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Wholesale Trade?
Revenue data for Wholesale Trade (NAICS 423430) is not available in the current IRS SOI dataset.
How profitable is Wholesale Trade?
Profitability data for Wholesale Trade is not available in the current dataset.
How many businesses are in Wholesale Trade?
There are 6,677 business establishments in Wholesale Trade (NAICS 423430) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 193,943 workers.
What is the average payroll per employee in Wholesale Trade?
The average annual payroll per employee in Wholesale Trade is $143,080/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 29.1 employees per establishment. This figure includes wages, salaries, and benefits reported by employers.
Which states have the most Wholesale Trade employment?
California leads in Wholesale Trade employment with 41,267 workers. Texas (12,092) and New York (9,444) round out the top three. These figures come from the Census Bureau County Business Patterns 2023 survey.
How much SBA lending does Wholesale Trade receive?
Wholesale Trade businesses received 178 SBA loans totaling $92 million between FY2020 and FY2025. The average loan size was $517K. These loans supported 1,159 jobs at origination. Most lending (92%) came through the SBA 7(a) program.
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only. This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 423430 · Data year: 2023

Related

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainBizBench Editorial

Source: U.S. Census Bureau — County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2025