Profit Margin
11.4%
Net income ÷ total receipts (IRS SOI)
Health Care and Social Assistance ·NAICS 62
NAICS 62 · IRS SOI 2023 · Census CBP
Health Care and Social Assistance - Industry Benchmarks
$63,214/yr average annual pay, with 40,309 SBA loans on record for NAICS 62.
- 11.4%
- Net margin
- 22.1M
- Workers employed
- $63,214/yr
- Avg payroll / employee
- $25.6B
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 62
Health Care and Social Assistance runs a 11.4% pre-tax net margin - in line with the national median - across 1.0M establishments employing 22.1M workers.
- 11.4%
- Pre-tax net margin (IRS SOI)
- 22.1M
- Workers employed (Census CBP)
- $63,214/yr
- Avg payroll / employee
- $25.6B
- SBA lending, FY20–26
Use Health Care and Social Assistance's NAICS benchmark as a comparison point, not a forecast for one business.
Health Care and Social Assistance is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS Statistics of Income 2023 and Census County Business Patterns
Benchmarking Insights for Health Care and Social Assistance
Health Care and Social Assistance sits inside Health Care and Social Assistance at a 11.4% net margin (in line with the national median), $1.3T in aggregate receipts across 2,980,832 returns, averaging $431.9M per establishment.
1,003,398 establishments employ 22,063,238 workers (22.0/location) at $63,214/yr average annual pay. California leads employment, followed by New York and Texas.
Total Receipts
$1.3T
Annual revenue (IRS SOI)
Net Income
$146.4B
Pre-tax net income
Employment
22,063,238
Total employees (Census CBP)
Avg Payroll / Employee
$63,214/yr
Annual compensation
Establishments
1,003,398
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 892,006; establishment count increased by 26,980. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Where each dollar of Health Care and Social Assistance revenue goes
Workforce scale
Health Care and Social Assistance margin vs national reference points
Health Care and Social Assistance net margin 37.9%
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
457,620 returns 15%
Margin: 5.3% · Receipts: $731.5B
Partnership
102,349 returns 3%
Margin: 13.8% · Receipts: $409.1B
S Corporation
773 returns 0%
Margin: 4.0% · Receipts: $4.7B
Sole Proprietorship
2,420,090 returns 81%
Margin: 35.6% · Receipts: $142.3B
Financial Detail
- Total Tax Returns Filed
- 2,980,832
- Avg Receipts per Business
- $431.9M
- Annual Payroll (Total)
- $1.4T
- Avg Employees per Establishment
- 22.0
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Ambulatory Health Care Services NAICS 621 | 12.4% |
| Hospitals NAICS 622 | 3.0% |
| Nursing and Residential Care Facilities NAICS 623 | 15.7% |
| Social Assistance NAICS 624 | 9.6% |
Top States by Employment
| State | Employment |
|---|---|
| California | 2,347,305 |
| New York | 1,861,291 |
| Texas | 1,718,907 |
| Florida | 1,286,330 |
| Pennsylvania | 1,142,207 |
| Ohio | 883,961 |
| Illinois | 857,043 |
| Michigan | 645,129 |
| North Carolina | 641,503 |
| New Jersey | 635,422 |
Showing top 10 of 51 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
40,309
Total Loan Volume
$25.6B
Avg Loan Size
$635K
Jobs Supported
552,912
Program Breakdown
7(a) 33,922 (84%)
504 6,387 (16%)
Top SBA Lender
The Huntington National Bank
3,012 loans in this industry
New Business Share
33.3% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 4,674
2021 6,633
2022 5,586
2023 5,888
2024 7,578
2025 8,741
2026 1,209
Frequently Asked Questions
What is the average revenue for Health Care and Social Assistance?
$1.3T in total annual receipts across all Health Care and Social Assistance businesses. Average per business: $431.9M.
How profitable is Health Care and Social Assistance?
11.4% net profit margin, in line with the national median.
How many businesses are in Health Care and Social Assistance?
1,003,398 business establishments. Together they employ 22,063,238 workers.
What is the average payroll per employee in Health Care and Social Assistance?
$63,214/yr average annual pay per employee. Businesses average 22.0 employees per establishment.
Which states have the most Health Care and Social Assistance employment?
California leads with 2,347,305 workers. New York (1,861,291) and Texas (1,718,907) round out the top three.
How much SBA lending does Health Care and Social Assistance receive?
Health Care and Social Assistance businesses received 40,309 SBA loans totaling $25.6 billion between FY2020 and FY2026. The average loan size was $635K. These loans supported 552,912 jobs at origination. Most lending (84%) 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: Health Care and Social Assistance reports a higher net margin than 68% of the 19 IRS-tracked industries at the same NAICS detail level. Its Census employment total exceeds 95% of that same 19-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.
- Retail Trade 16,046,207
- Accommodation and Food Services 14,608,170
- Administrative and Support and Waste Management and Remediation Services 13,454,862
Benchmarking Health Care and Social Assistance
- Net margin: 11.4% vs sector. Browse Health Care and Social Assistance
- 1,003,398 establishments, 22,063,238 workers. Payroll benchmarks
- 40,309 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 62 · 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.