Health Care and Social Assistance ·NAICS 622

NAICS 622 · IRS SOI 2023 · Census CBP

Hospitals - Industry Benchmarks

$80,674/yr average annual pay, with 153 SBA loans on record for NAICS 622.

3.0%
Net margin
6.3M
Workers employed
$80,674/yr
Avg payroll / employee
$96M
SBA lending, FY20–26

Data updated July 2026

The verdict · NAICS 622

Hospitals runs a 3.0% pre-tax net margin - significantly below average, typical of high-volume, low-margin sectors - across 8K establishments employing 6.3M workers.

3.0%
Pre-tax net margin (IRS SOI)
6.3M
Workers employed (Census CBP)
$80,674/yr
Avg payroll / employee
$96M
SBA lending, FY20–26

Benchmarking Insights for Hospitals

Hospitals sits inside Health Care and Social Assistance at a 3.0% net margin (significantly below average, typical of high-volume, low-margin sectors), $162.7B in aggregate receipts across 23,540 returns, averaging $6.9B per establishment.

7,523 establishments employ 6,344,178 workers (843.3/location) at $80,674/yr average annual pay. California leads employment, followed by New York and Texas.

Profit Margin

3.0%

Net income ÷ total receipts (IRS SOI)

Total Receipts

$162.7B

Annual revenue (IRS SOI)

Net Income

$4.9B

Pre-tax net income

Employment

6,344,178

Total employees (Census CBP)

Avg Payroll / Employee

$80,674/yr

Annual compensation

Establishments

7,523

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

Employment increased by 191,689; establishment count decreased by 190. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

Where each dollar of Hospitals revenue goes

Workforce scale

Hospitals margin vs national reference points

Hospitals net margin 9.9%
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
17,356 returns 74%

Margin: 2.9% · Receipts: $161.3B

Sole Proprietorship
6,184 returns 26%

Margin: 18.5% · Receipts: $1.4B

Financial Detail

Total Tax Returns Filed
23,540
Avg Receipts per Business
$6.9B
Annual Payroll (Total)
$511.8B
Avg Employees per Establishment
843.3

Sub-Industries

Industry Profit Margin
General Medical and Surgical Hospitals

NAICS 6221

 N/A
Psychiatric and Substance Abuse Hospitals

NAICS 6222

 N/A
Specialty (except Psychiatric and Substance Abuse) Hospitals

NAICS 6223

 N/A

Top States by Employment

State Employment
California 620,841
New York 480,148
Texas 460,981
Florida 369,683
Pennsylvania 310,311
Ohio 292,786
Illinois 237,688
Georgia 186,416
New Jersey 170,340
Tennessee 144,432

Showing top 10 of 51 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

153

Total Loan Volume

$96M

Avg Loan Size

$630K

Jobs Supported

2,115

Program Breakdown

7(a) 149 (97%)
504 4 (3%)

Top SBA Lender

The Huntington National Bank

18 loans in this industry

New Business Share

52.3% of borrowers were new/startup businesses

Annual Lending Trend (7 yrs)

2020
14
2021
28
2022
23
2023
18
2024
31
2025
35
2026
4

View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Hospitals?
$162.7B in total annual receipts across all Hospitals businesses. Average per business: $6.9B.
How profitable is Hospitals?
3.0% net profit margin, significantly below average, typical of high-volume, low-margin sectors.
How many businesses are in Hospitals?
7,523 business establishments. Together they employ 6,344,178 workers.
What is the average payroll per employee in Hospitals?
$80,674/yr average annual pay per employee. Businesses average 843.3 employees per establishment.
Which states have the most Hospitals employment?
California leads with 620,841 workers. New York (480,148) and Texas (460,981) round out the top three.
How much SBA lending does Hospitals receive?
Hospitals businesses received 153 SBA loans totaling $96 million between FY2020 and FY2026. The average loan size was $630K. These loans supported 2,115 jobs at origination. Most lending (97%) 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.

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 Hospitals

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 622 · 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.