Wholesale Trade ·NAICS 42344

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 42344). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Wholesale Trade (NAICS 42344) does not have profit margin data available in the current IRS SOI release. Census Bureau data identifies 3,637 business establishments employing 49,828 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 3,637 active establishments employing 49,828 workers, averaging 13.7 employees per location and paying $74,823/yr per employee annually. California leads the geographic distribution of employment, with Texas and Illinois 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 231 loans worth $191 million between FY2020 and FY2025, supporting 2,218 jobs at origination. The average ticket size — $827K — signals the typical capital gap operators bridge when expanding. The Huntington National 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

49,828

Total employees (Census CBP)

Avg Payroll / Employee

$74,823/yr

Annual compensation

Establishments

3,637

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)
$3.7B
Avg Employees per Establishment
13.7

Sub-Industries

Industry Profit Margin
Wholesale Trade

NAICS 423440

N/A

Top States by Employment

State Employment
California 4,987
Texas 4,888
Illinois 4,424
Ohio 3,532
Florida 3,493
Pennsylvania 2,685
New York 2,237
New Jersey 1,718
Tennessee 1,711
North Carolina 1,628

Showing top 10 of 49 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

231

FY2020–2025

Total Loan Volume

$191M

7(a) + 504 programs

Avg Loan Size

$827K

Per approved loan

Jobs Supported

2,218

Reported at origination

Program Breakdown

7(a) Loans 193 loans (84%)
504 Loans 38 loans (16%)

Top SBA Lender

The Huntington National Bank

18 loans in this industry

New Business Share

14.3% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
28 loans
FY2021
39 loans
FY2022
30 loans
FY2023
33 loans
FY2024
45 loans
FY2025
48 loans
FY2026
8 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 42344) 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 3,637 business establishments in Wholesale Trade (NAICS 42344) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 49,828 workers.
What is the average payroll per employee in Wholesale Trade?
The average annual payroll per employee in Wholesale Trade is $74,823/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 13.7 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 4,987 workers. Texas (4,888) and Illinois (4,424) 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 231 SBA loans totaling $191 million between FY2020 and FY2025. The average loan size was $827K. These loans supported 2,218 jobs at origination. Most lending (84%) 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 42344 · 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