Employment
34,403
Total employees (Census CBP)
Wholesale Trade ·NAICS 42472
NAICS 42472 · IRS SOI 2023 · Census CBP
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) - Industry Benchmarks
$127,083/yr average annual pay, with 98 SBA loans on record for NAICS 42472.
- 4.1%
- Wholesale Trade sector margin
- 34K
- Workers employed
- $127,083/yr
- Avg payroll / employee
- $81M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 42472
Texas leads Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) 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)
- 34K
- Workers employed (Census CBP)
- $127,083/yr
- Avg payroll / employee
- $81M
- SBA lending, FY20–26
Benchmarking Insights for Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) sits inside Wholesale Trade, a sector that runs a 4.1% net margin overall.
2,466 establishments employ 34,403 workers (13.9/location) at $127,083/yr average annual pay. Texas leads employment, followed by California and New York.
Avg Payroll / Employee
$127,083/yr
Annual compensation
Establishments
2,466
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 2,600; establishment count decreased by 75. 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)
- $4.4B
- Avg Employees per Establishment
- 13.9
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) NAICS 424720 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 7,905 |
| California | 2,916 |
| New York | 1,423 |
| Florida | 1,351 |
| Michigan | 1,083 |
| Pennsylvania | 1,060 |
| Illinois | 986 |
| Massachusetts | 685 |
| New Jersey | 681 |
| Indiana | 675 |
Showing top 10 of 50 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
98
Total Loan Volume
$81M
Avg Loan Size
$826K
Jobs Supported
857
Program Breakdown
7(a) 88 (90%)
504 10 (10%)
Top SBA Lender
TD Bank, National Association
6 loans in this industry
New Business Share
22.4% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 13
2021 21
2022 18
2023 11
2024 16
2025 18
2026 1
Frequently Asked Questions
How profitable is Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)?
IRS SOI doesn't publish margin data at the NAICS 42472 level. Texas leads this industry nationally. The broader Wholesale Trade sector runs a 4.1% net margin (IRS SOI 2023).
How many businesses are in Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)?
2,466 business establishments. Together they employ 34,403 workers.
What is the average payroll per employee in Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)?
$127,083/yr average annual pay per employee. Businesses average 13.9 employees per establishment.
Which states have the most Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) employment?
Texas leads with 7,905 workers. California (2,916) and New York (1,423) round out the top three.
How much SBA lending does Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) receive?
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) businesses received 98 SBA loans totaling $81 million between FY2020 and FY2026. The average loan size was $826K. These loans supported 857 jobs at origination. Most lending (90%) 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 29% of that same 551-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 Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
- No margin data, check the parent industry. Browse Wholesale Trade
- 2,466 establishments, 34,403 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 42472 · 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.