Accommodation and Food Services ·NAICS 7224

2026 data Public-data reference. IRS SOI · Census CBP · 2023 Unknown margin

Accommodation and Food Services — Industry Benchmarks

Profit margins, payroll, employment, and SBA lending for Accommodation and Food Services (NAICS 7224). Cross-checked against IRS SOI 2023 and Census County Business Patterns. Refreshed as new data lands.

Accommodation and Food Services (NAICS 7224) does not have profit margin data available in the current IRS SOI release. Census Bureau data identifies 40,835 business establishments employing 432,542 workers nationwide.

Benchmarking Insights for Accommodation and Food Services

When you read the financial profile for Accommodation and Food Services, the number only becomes actionable when paired with scale. This industry sits inside the broader Accommodation and Food Services sector and reports N/A of aggregate annual receipts. Owners comparing their own books should read the margin as a midpoint — smaller operators typically run several points below the aggregate because fixed overhead (rent, software, insurance) consumes a larger share of lower revenue bases. Treat the industry figure as a ceiling calibrated by businesses that have already achieved operating leverage.

Labor economics tell the second half of the story. Census CBP shows 40,835 active establishments employing 432,542 workers, averaging 10.6 employees per location and paying $25,612/yr per employee annually. California leads the geographic distribution of employment, with Texas and New York rounding out the top three concentrations. Headcount density matters because thin-margin industries only clear the cash-flow bar when establishments reach the staffing level where fixed costs amortize — a useful cross-check against the margin line above.

Capital access is the third lens. SBA 7(a) and 504 approvals for this industry totaled 2,400 loans worth $1.2 billion between FY2020 and FY2025, supporting 31,930 jobs at origination. The average ticket size — $497K — signals the typical capital gap operators bridge when expanding. The Huntington National Bank ranks as the most active SBA lender serving this NAICS code. Use this alongside the IRS and Census figures to decide whether your own plan should target operational efficiency, workforce expansion, or financed growth.

Profit Margin

N/A

Net income ÷ total receipts (IRS SOI)

Total Receipts

N/A

Annual revenue (IRS SOI)

Net Income

N/A

Pre-tax net income

Employment

432,542

Total employees (Census CBP)

Avg Payroll / Employee

$25,612/yr

Annual compensation

Establishments

40,835

Business locations

Workforce scale

Establishment-size distribution and per-establishment headcount based on Census Statistics of US Businesses (SUSB) typical strata.

Financial Detail

Total Tax Returns Filed
N/A
Total Deductions
N/A
Avg Receipts per Business
N/A
Annual Payroll (Total)
$11.1B
Avg Employees per Establishment
10.6

Sub-Industries

Industry Profit Margin
Accommodation and Food Services

NAICS 72241

N/A

Top States by Employment

State Employment
California 43,279
Texas 39,037
New York 33,167
Florida 26,296
Illinois 26,133
Wisconsin 18,206
Pennsylvania 16,951
Ohio 15,243
Michigan 14,523
Colorado 10,705

Showing top 10 of 51 states

SBA Lending Activity

FY2020–2025

Small Business Administration 7(a) and 504 loan data for this industry. Source: SBA FOIA dataset.

SBA Loans Approved

2,400

FY2020–2025

Total Loan Volume

$1.2B

7(a) + 504 programs

Avg Loan Size

$497K

Per approved loan

Jobs Supported

31,930

Reported at origination

Program Breakdown

7(a) Loans 2,107 loans (88%)
504 Loans 293 loans (12%)

Top SBA Lender

The Huntington National Bank

211 loans in this industry

New Business Share

45.9% of borrowers were new/startup businesses

Annual Lending Trend

FY2020
368 loans
FY2021
280 loans
FY2022
381 loans
FY2023
417 loans
FY2024
445 loans
FY2025
437 loans
FY2026
72 loans

SBA fiscal year runs Oct–Sep. FY2025 = partial year through Sep 2025.

Source: SBA 7(a) and 504 FOIA dataset · FY2020–FY2025 · View SBA lending rankings →

Frequently Asked Questions

What is the average revenue for Accommodation and Food Services?
Revenue data for Accommodation and Food Services (NAICS 7224) is not available in the current IRS SOI dataset.
How profitable is Accommodation and Food Services?
Profitability data for Accommodation and Food Services is not available in the current dataset.
How many businesses are in Accommodation and Food Services?
There are 40,835 business establishments in Accommodation and Food Services (NAICS 7224) according to Census Bureau County Business Patterns 2023 data. These establishments collectively employ 432,542 workers.
What is the average payroll per employee in Accommodation and Food Services?
The average annual payroll per employee in Accommodation and Food Services is $25,612/yr, based on Census Bureau County Business Patterns data. Businesses in this industry average 10.6 employees per establishment. This figure includes wages, salaries, and benefits reported by employers.
Which states have the most Accommodation and Food Services employment?
California leads in Accommodation and Food Services employment with 43,279 workers. Texas (39,037) and New York (33,167) round out the top three. These figures come from the Census Bureau County Business Patterns 2023 survey.
How much SBA lending does Accommodation and Food Services receive?
Accommodation and Food Services businesses received 2,400 SBA loans totaling $1.2 billion between FY2020 and FY2025. The average loan size was $497K. These loans supported 31,930 jobs at origination. Most lending (88%) came through the SBA 7(a) program.
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only. This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 7224 · Data year: 2023

Related

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainBizBench Editorial

Source: U.S. Census Bureau — County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2025