Short answer
Delaware's Division of Corporations had 2,287,728 registered business entities at the end of 2025, including 1,653,329 LLCs and 425,765 corporations, and says over two-thirds of the Fortune 500 are incorporated there. Only 29,706 business establishments with paid employees are actually located in Delaware, employing 457,635 people (Census Bureau, 2023). The largest public companies headquartered in the state are Marvell Technology, DuPont, Chemours and Incyte, all in Wilmington.
- Delaware formed 334,461 new entities in 2025, 15% more than in 2024; 70.4% were LLCs.
- There are 77 registered entities for every business establishment with employees in the state.
- The Division of Corporations brought in $2.05 billion in fiscal 2025, mostly from business entity taxes.
- Finance and insurance employs 10.0% of Delaware's private workforce, twice the US share.
- New Castle County has 60.1% of the state's establishments and 67.0% of its jobs.
On this page
This page is for two kinds of reader. Some want companies physically in Delaware: employers, suppliers and customers in Wilmington, Dover or the beach towns. Others want to understand Delaware companies, the entities formed under Delaware law wherever they operate, often because they're checking a counterparty or forming one. It covers both, with the official figures for each.
Incorporated in Delaware versus based in Delaware
| Measure | Figure | Source |
|---|---|---|
| Business entities on the Delaware register, end of 2025 | 2,287,728 | Division of Corporations 2025 Annual Report |
| New entities formed in 2025 | 334,461 | Division of Corporations 2025 Annual Report |
| Share of the Fortune 500 incorporated in Delaware | "over two-thirds" | Division of Corporations 2025 Annual Report |
| Share of 2025 US IPOs that chose Delaware | "nearly 70%" | Division of Corporations 2025 Annual Report |
| Business establishments with paid employees in Delaware, 2023 | 29,706 | Census Bureau, County Business Patterns |
| Employees at those establishments | 457,635 | Census Bureau, County Business Patterns |
That's 77 registered entities for every workplace with employees. Companies form in Delaware for its corporate law, its Court of Chancery and the Division's fast filings, which is how the annual report explains it, and then operate wherever their business is. A "Delaware company" in a contract or a news story usually means a Delaware-incorporated entity, not one with an office in the state.
The register by entity type:
| Entity type | On the register, 2025 | Formed in 2025 |
|---|---|---|
| Limited liability companies | 1,653,329 | 235,393 |
| Corporations | 425,765 | 74,716 |
| Limited partnerships and LLPs | 177,520 | 21,189 |
| Statutory trusts | 31,114 | 3,163 |
| Total | 2,287,728 | 334,461 |
All of this is a large business for the state. The Division of Corporations reported $2,050.4 million of general fund revenue in fiscal 2025, of which $1,846.5 million was net business entity taxes.
How to look up a Delaware entity
The Division of Corporations' entity search is free for the basics: the entity's name, file number, formation date and registered agent. It returns active and inactive entities and, as the page warns, the result is not an indication of current status. A certificate of status (good standing) and copies of filings cost a fee, ordered through the Division's certificate service or a Delaware online agent. The registered agent shown is often a commercial registered agent, whose address tells you nothing about where the company works.
To find where a Delaware-incorporated company actually operates, check its registration as a foreign entity in the state where it does business, or for public companies the principal executive office on the 10-K cover.
Public companies headquartered in Delaware
The largest SEC-registered public companies whose latest 10-K gives a Delaware principal executive office, by revenue in that filing:
| Rank | Company | Headquarters | Revenue | Fiscal year ended | Employees |
|---|---|---|---|---|---|
| 1 | Marvell Technology | Wilmington | $8.20 billion | Jan 2026 | not stated as a total |
| 2 | DuPont de Nemours | Wilmington | $6.85 billion | Dec 2025 | about 15,000 |
| 3 | Chemours | Wilmington | $5.81 billion | Dec 2025 | about 5,700 |
| 4 | Incyte | Wilmington | $5.14 billion | Dec 2025 | 2,844 |
| 5 | Qnity Electronics | Wilmington | $4.75 billion | Dec 2025 | more than 10,000 |
| 6 | Ashland | Wilmington | $1.82 billion | Sep 2025 | about 2,900 |
| 7 | Chesapeake Utilities | Dover | $0.93 billion | Dec 2025 | more than 1,300 |
| 8 | InterDigital | Wilmington | $0.83 billion | Dec 2025 | about 460 |
Two banks are also headquartered here but report interest income rather than a revenue total: SLM Corp (Sallie Mae) in Newark, with about 1,788 team members, and WSFS Financial in Wilmington. Marvell's 10-K gives Wilmington as its principal executive office while noting buildings it owns or operates in Santa Clara, California. DuPont completed the separation of Qnity, its electronics business, on November 1, 2025.
Below these, the SEC's list of Delaware-addressed public companies quickly turns into small companies reporting little or no revenue. For the wider region, including the Wilmington suburbs in Pennsylvania, see companies in Philadelphia.
Delaware's major employers
The Delaware Prosperity Partnership, the state's economic development organization, names its major employers without ranking them or giving headcounts: Bank of America, Bayhealth, JPMorgan Chase, Mountaire, Nemours, Perdue Farms and the University of Delaware, with DuPont and Highmark Blue Cross Blue Shield also mentioned. Banks, health systems and poultry processors make up most of the list, which matches the Census data below.
How many businesses are in Delaware
| Measure | Delaware, 2023 |
|---|---|
| Establishments | 29,706 |
| Employees | 457,635 |
| Annual payroll | $33,198,008,000 |
| Average employees per establishment | 15.4 |
| Average annual pay | $72,543 |
| Share of US establishments | 0.36% (of 8,361,342) |
| Rank among states by establishments | 44 |
| Employees at the establishment | Establishments |
|---|---|
| 1 to 4 | 17,031 |
| 5 to 9 | 4,841 |
| 10 to 19 | 3,631 |
| 20 to 49 | 2,650 |
| 50 to 99 | 899 |
| 100 to 249 | 489 |
| 250 to 499 | 87 |
| 500 to 999 | 49 |
| 1,000 or more | 29 |
In bands: 25,503 establishments with 1 to 19 employees, 3,549 with 20 to 99 and 654 with 100 or more. County Business Patterns (CBP) counts locations with paid employees across all sectors, excludes the self-employed and government, and measures employment in the pay period including March 12, 2023.
| County | Establishments | Employees | Employees per site |
|---|---|---|---|
| New Castle (Wilmington, Newark) | 17,855 | 306,745 | 17.2 |
| Sussex (the beach towns, Georgetown) | 6,411 | 78,541 | 12.3 |
| Kent (Dover) | 4,971 | 61,078 | 12.3 |
Another 469 establishments with 11,271 employees are reported statewide without a county.
| Sector (NAICS) | Establishments | Employees | Average pay |
|---|---|---|---|
| Professional, scientific and technical services (54) | 4,429 | 39,610 | $130,624 |
| Retail trade (44 to 45) | 3,742 | 62,102 | $37,068 |
| Health care and social assistance (62) | 3,066 | 76,784 | $67,751 |
| Finance and insurance (52) | 1,999 | 45,586 | $121,212 |
| Manufacturing (31 to 33) | 660 | 31,080 | $75,466 |
| Management of companies (55) | 519 | 7,586 | $134,968 |
Average pay is our calculation from CBP payroll. Finance and insurance employs 10.0% of CBP workers, against 5.0% nationally, and banks and other lenders run large sites: 22 credit intermediation establishments have 500 or more employees. Management of companies is small and odd: 412 of its 519 establishments have fewer than five employees, consistent with holding companies that need a Delaware presence but little staff.
Prospecting Delaware's large office sites
Delaware's big private workplaces are mostly bank, card and professional services offices in New Castle County. They buy facilities services, food service, security and IT support through a site or regional facilities manager.
Illustrative example. The company, rates and results are fictional, to show the method.
Brandywine Facility Services (brandywinefs.example) cleans and maintains large offices.
- Finance and insurance establishments with 100 or more employees: 32 + 11 + 19 + 6 = 68.
- Professional services adds 41 + 11 + 3 = 55 (the 500 to 999 band isn't published).
- It assumes 80% are in New Castle County, within its service area: about 98 sites.
- Winning five a year at an average of $180,000 would add $900,000 in annual contracts.
It targets the workplace or facilities manager at each site, and times outreach to the end of a cleaning contract, often three years. Working out which of those 98 sites are run locally and which by a national facilities contract is research Bebop can do for each one.
Subject: Cleaning at [Company]'s [building] site Hi [first name], Most large offices in New Castle County are cleaned under a regional contract run from Philadelphia or New York, which is why the same problems come back every quarter. We clean and maintain offices of 100 to 2,000 people in Wilmington and Newark, with a site supervisor who's there every night. Could I walk the building with you and quote against your current scope? [Your name], Brandywine Facility Services
Next step: see how to check a company's details in how to find a company's employee count.
Sources
- Delaware Division of Corporations 2025 Annual Report, Delaware Division of Corporations, 2026, accessed 30 October 2026
- General Information Name Search, Delaware Division of Corporations, accessed 30 October 2026
- County Business Patterns 2023, US Census Bureau, accessed 30 October 2026
- Delaware Major Employers, Delaware Prosperity Partnership, undated, accessed 30 October 2026
- Marvell Technology annual report on Form 10-K, fiscal year ended 31 January 2026, Marvell Technology (SEC EDGAR), 11 March 2026
- DuPont de Nemours annual report on Form 10-K, fiscal year ended 31 December 2025, DuPont de Nemours (SEC EDGAR), 17 February 2026
- Chemours annual report on Form 10-K, fiscal year ended 31 December 2025, The Chemours Company (SEC EDGAR), 24 February 2026
- Incyte annual report on Form 10-K, fiscal year ended 31 December 2025, Incyte Corporation (SEC EDGAR), 10 February 2026
- Qnity Electronics annual report on Form 10-K, fiscal year ended 31 December 2025, Qnity Electronics (SEC EDGAR), 26 February 2026
- Ashland annual report on Form 10-K, fiscal year ended 30 September 2025, Ashland Inc. (SEC EDGAR), 20 November 2025
- Chesapeake Utilities annual report on Form 10-K, fiscal year ended 31 December 2025, Chesapeake Utilities (SEC EDGAR), 25 February 2026
- InterDigital annual report on Form 10-K, fiscal year ended 31 December 2025, InterDigital (SEC EDGAR), 5 February 2026
- SLM Corporation annual report on Form 10-K, fiscal year ended 31 December 2025, SLM Corporation (SEC EDGAR), 19 February 2026
Written by the Bebop team at Blackpearl Group. Published .
Questions people ask
How many companies are registered in Delaware?
2,287,728 business entities at the end of 2025, according to the Delaware Division of Corporations' annual report: 1,653,329 LLCs, 425,765 corporations, 177,520 limited partnerships and LLPs and 31,114 statutory trusts. Another 334,461 entities were formed in 2025, more than 15% up on 2024. Most of these entities operate outside Delaware.
Why are so many companies incorporated in Delaware?
The Division of Corporations' 2025 annual report gives four reasons: its corporate and alternative entity laws, the Court of Chancery business court, the state's corporate legal community, and the Division's own fast filing service. It says over two-thirds of the Fortune 500 and nearly 70% of 2025 US IPOs chose Delaware. Incorporating there doesn't require an office in the state.
How do I look up a company in Delaware?
Use the Division of Corporations' free entity search, which shows the entity's name, file number, formation date and registered agent. It doesn't confirm current status; a certificate of status and copies of filings cost a fee. To see where a Delaware company actually operates, look at its foreign registration in another state or, for a public company, the address on its 10-K.
What are the biggest companies headquartered in Delaware?
By revenue in their latest 10-Ks, the largest public companies with a Delaware principal executive office are Marvell Technology ($8.20 billion for the year to January 2026), DuPont ($6.85 billion), Chemours ($5.81 billion), Incyte ($5.14 billion) and Qnity Electronics ($4.75 billion), all in Wilmington. Major employers named by the Delaware Prosperity Partnership include Bank of America, JPMorgan Chase, Nemours and Perdue Farms.
How many businesses are actually located in Delaware?
The Census Bureau counted 29,706 business establishments with paid employees in Delaware in 2023, 44th among states, employing 457,635 people. New Castle County had 17,855 of them, Sussex 6,411 and Kent 4,971. That's 77 registered entities for every establishment, because most Delaware entities are formed there for legal reasons and operate elsewhere.