Employment
28,099
Total employees (Census CBP)
Wholesale Trade ·NAICS 424340
NAICS 424340 · IRS SOI 2023 · Census CBP
Footwear Merchant Wholesalers - Industry Benchmarks
$99,669/yr average annual pay, with 62 SBA loans on record for NAICS 424340.
- 4.1%
- Wholesale Trade sector margin
- 28K
- Workers employed
- $99,669/yr
- Avg payroll / employee
- $69M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 424340
California leads Footwear 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)
- 28K
- Workers employed (Census CBP)
- $99,669/yr
- Avg payroll / employee
- $69M
- SBA lending, FY20–26
Benchmarking Insights for Footwear Merchant Wholesalers
Footwear Merchant Wholesalers sits inside Wholesale Trade, a sector that runs a 4.1% net margin overall.
1,153 establishments employ 28,099 workers (24.4/location) at $99,669/yr average annual pay. California leads employment, followed by Massachusetts and New York.
Avg Payroll / Employee
$99,669/yr
Annual compensation
Establishments
1,153
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 361; establishment count decreased by 35. 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)
- $2.8B
- Avg Employees per Establishment
- 24.4
Top States by Employment
| State | Employment |
|---|---|
| California | 4,169 |
| Massachusetts | 3,284 |
| New York | 2,029 |
| New Jersey | 665 |
| Connecticut | 579 |
| Florida | 505 |
| Texas | 496 |
| Ohio | 399 |
| Indiana | 377 |
| Utah | 306 |
Showing top 10 of 41 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
62
Total Loan Volume
$69M
Avg Loan Size
$1119K
Jobs Supported
382
Program Breakdown
7(a) 50 (81%)
504 12 (19%)
Top SBA Lender
TD Bank, National Association
9 loans in this industry
New Business Share
22.6% of borrowers were new/startup businesses
Annual Lending Trend (6 yrs)
2020 8
2021 12
2022 10
2023 7
2024 11
2025 14
Frequently Asked Questions
How profitable is Footwear Merchant Wholesalers?
IRS SOI doesn't publish margin data at the NAICS 424340 level. California leads this industry nationally. The broader Wholesale Trade sector runs a 4.1% net margin (IRS SOI 2023).
How many businesses are in Footwear Merchant Wholesalers?
1,153 business establishments. Together they employ 28,099 workers.
What is the average payroll per employee in Footwear Merchant Wholesalers?
$99,669/yr average annual pay per employee. Businesses average 24.4 employees per establishment.
Which states have the most Footwear Merchant Wholesalers employment?
California leads with 4,169 workers. Massachusetts (3,284) and New York (2,029) round out the top three.
How much SBA lending does Footwear Merchant Wholesalers receive?
Footwear Merchant Wholesalers businesses received 62 SBA loans totaling $69 million between FY2020 and FY2026. The average loan size was $1119K. These loans supported 382 jobs at origination. Most lending (81%) 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 39% 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.
Benchmarking Footwear Merchant Wholesalers
- No margin data, check the parent industry. Browse Wholesale Trade
- 1,153 establishments, 28,099 workers. Payroll benchmarks
- 62 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 424340 · 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.