Profit Margin
3.4%
Net income ÷ total receipts (IRS SOI)
Real Estate and Rental and Leasing ·NAICS 532
NAICS 532 · IRS SOI 2023 · Census CBP
Rental and Leasing Services - Industry Benchmarks
$66,865/yr average annual pay, with 2,420 SBA loans on record for NAICS 532.
- 3.4%
- Net margin
- 528K
- Workers employed
- $66,865/yr
- Avg payroll / employee
- $1.4B
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 532
Rental and Leasing Services runs a 3.4% pre-tax net margin - below the national median - across 52K establishments employing 528K workers.
- 3.4%
- Pre-tax net margin (IRS SOI)
- 528K
- Workers employed (Census CBP)
- $66,865/yr
- Avg payroll / employee
- $1.4B
- SBA lending, FY20–26
Benchmarking Insights for Rental and Leasing Services
Rental and Leasing Services sits inside Real Estate and Rental and Leasing at a 3.4% net margin (below the national median), $139.2B in aggregate receipts across 134,172 returns, averaging $1.0B per establishment.
52,037 establishments employ 528,160 workers (10.2/location) at $66,865/yr average annual pay. Texas leads employment, followed by California and Illinois.
Total Receipts
$139.2B
Annual revenue (IRS SOI)
Net Income
$4.7B
Pre-tax net income
Employment
528,160
Total employees (Census CBP)
Avg Payroll / Employee
$66,865/yr
Annual compensation
Establishments
52,037
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 36,019; establishment count increased by 1,054. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Where each dollar of Rental and Leasing Services revenue goes
Workforce scale
Rental and Leasing Services margin vs national reference points
Rental and Leasing Services net margin 11.3%
Cross-industry median (5%)
p25/median/p75 = 3%/5%/8%
Business Structure Breakdown
How businesses in this industry are legally structured (IRS SOI)
C Corporation
38,605 returns 29%
Margin: 4.1% · Receipts: $130.1B
Sole Proprietorship
95,567 returns 71%
Margin: -6.6% · Receipts: $9.1B
Financial Detail
- Total Tax Returns Filed
- 134,172
- Avg Receipts per Business
- $1.0B
- Annual Payroll (Total)
- $35.3B
- Avg Employees per Establishment
- 10.2
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Automotive Equipment Rental and Leasing NAICS 5321 | 2.6% |
| Commercial and Industrial Machinery and Equipment Rental and Leasing NAICS 5324 | 4.0% |
| Consumer Goods Rental NAICS 5322 | 4.6% |
| General Rental Centers NAICS 5323 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 65,646 |
| California | 65,628 |
| Illinois | 22,488 |
| New York | 20,088 |
| Ohio | 19,402 |
| Georgia | 18,201 |
| New Jersey | 15,706 |
| Louisiana | 15,181 |
| Arizona | 11,490 |
| Michigan | 11,089 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
2,420
Total Loan Volume
$1.4B
Avg Loan Size
$581K
Jobs Supported
20,650
Program Breakdown
7(a) 2,143 (89%)
504 277 (11%)
Top SBA Lender
U.S. Bank, National Association
124 loans in this industry
New Business Share
32.3% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 280
2021 360
2022 319
2023 426
2024 447
2025 514
2026 74
Frequently Asked Questions
What is the average revenue for Rental and Leasing Services?
$139.2B in total annual receipts across all Rental and Leasing Services businesses. Average per business: $1.0B.
How profitable is Rental and Leasing Services?
3.4% net profit margin, below the national median.
How many businesses are in Rental and Leasing Services?
52,037 business establishments. Together they employ 528,160 workers.
What is the average payroll per employee in Rental and Leasing Services?
$66,865/yr average annual pay per employee. Businesses average 10.2 employees per establishment.
Which states have the most Rental and Leasing Services employment?
Texas leads with 65,646 workers. California (65,628) and Illinois (22,488) round out the top three.
How much SBA lending does Rental and Leasing Services receive?
Rental and Leasing Services businesses received 2,420 SBA loans totaling $1.4 billion between FY2020 and FY2026. The average loan size was $581K. These loans supported 20,650 jobs at origination. Most lending (89%) 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: Rental and Leasing Services reports a higher net margin than 25% of the 79 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 39% of that same 77-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 reported net margins
Same NAICS detail level, ordered by the smallest difference in reported IRS pre-tax margin.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Rental and Leasing Services
- Net margin: 3.4% vs sector. Browse Real Estate and Rental and Leasing
- 52,037 establishments, 528,160 workers. Payroll benchmarks
- 2,420 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 532 · 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.