Short answer
New York City's five boroughs had 235,767 business establishments with paid employees in 2023, employing 4,085,556 people, according to the Census Bureau. Manhattan had 93,904 of them. The New York Department of State lists 2,124,776 active corporations, LLCs and other entities on file there. The largest companies headquartered in the city, by revenue in their latest 10-Ks, are JPMorgan Chase ($182.4 billion), Verizon, StoneX, Citigroup and MetLife.
- 235,767 employer establishments in the five boroughs in 2023, 2.82% of all US establishments.
- 63.8% of them have one to four employees; 401 have 1,000 or more.
- Finance and insurance is 4.1% of establishments but 27.4% of payroll, at $336,958 average pay.
- Health care and social assistance employs 948,916 people, more than any other sector.
- The City of New York is the largest employer, with 287,422 full-time staff in fiscal 2025.
On this page
This page is for anyone who needs to size up or search the business population of New York City: suppliers and service firms looking for customers, people checking out a company before signing with it, job seekers, and B2B sellers planning territory by borough. It covers how many businesses there are and where, what they do, the biggest headquarters, and the free official records for finding and vetting any of them.
How many businesses are in New York City
Two official counts answer the question differently. The Census Bureau's County Business Patterns (CBP) counts establishments: physical locations with at least one paid employee. The New York Department of State counts legal entities on file, whether or not they have staff, an office or any revenue.
| Borough (county) | Employer establishments, 2023 | Employees, 2023 | Active entities on file, October 2026 |
|---|---|---|---|
| Manhattan (New York County) | 93,904 | 2,322,720 | 833,060 |
| Brooklyn (Kings County) | 62,317 | 745,880 | 602,870 |
| Queens (Queens County) | 51,188 | 616,045 | 443,697 |
| The Bronx (Bronx County) | 18,674 | 285,540 | 162,924 |
| Staten Island (Richmond County) | 9,684 | 115,371 | 82,225 |
| New York City | 235,767 | 4,085,556 | 2,124,776 |
Across the city there are 9.0 registered entities for every employer establishment. The state's count includes 884,741 domestic LLCs, 818,765 domestic business corporations and 149,047 not-for-profit corporations. The gap is holding companies, single-property LLCs, sole owners without staff and dormant filings, which is why a purchased "list of NYC businesses" with two million rows mostly isn't a list of buyers. The Department of State's county field is the county named in the filing, which the company can change and which may not be where it operates.
Manhattan has 39.8% of the city's employer establishments but 56.9% of its jobs: 24.7 employees per location, against about 12 in Brooklyn, Queens and Staten Island.
| Measure (CBP 2023) | New York City |
|---|---|
| Establishments | 235,767 |
| Employees | 4,085,556 |
| Annual payroll | $434,251,191,000 |
| Average employees per establishment | 17.3 |
| Average annual pay | $106,289 |
| Share of US establishments | 2.82% (of 8,361,342) |
How big they are
| Employees at the establishment | Establishments |
|---|---|
| 1 to 4 | 150,309 |
| 5 to 9 | 35,509 |
| 10 to 19 | 23,045 |
| 20 to 49 | 15,898 |
| 50 to 99 | 5,416 |
| 100 to 249 | 3,346 |
| 250 to 499 | 1,274 |
| 500 to 999 | 569 |
| 1,000 or more | 401 |
That's 208,863 establishments with 1 to 19 employees, 21,314 with 20 to 99 and 5,590 with 100 or more. Nearly two thirds (63.8%) have fewer than five people.
What New York City businesses do
| Sector (NAICS) | Establishments | Employees | Average pay |
|---|---|---|---|
| Retail trade (44 to 45) | 31,958 | 306,193 | $47,707 |
| Professional, scientific and technical services (54) | 28,738 | 419,278 | $149,895 |
| Health care and social assistance (62) | 26,532 | 948,916 | $58,861 |
| Other services (81) | 26,307 | 195,812 | $60,808 |
| Accommodation and food services (72) | 25,507 | 373,394 | $40,777 |
| Real estate (53) | 19,452 | 115,412 | $83,199 |
| Construction (23) | 15,367 | 133,453 | $87,919 |
| Finance and insurance (52) | 9,677 | 352,646 | $336,958 |
| Information (51) | 6,818 | 256,650 | $178,719 |
| Educational services (61) | 4,303 | 253,033 | $77,541 |
| Management of companies (55) | 1,247 | 107,814 | $187,919 |
These are the five boroughs' county figures added together; average pay is our calculation (payroll divided by employees). Two sectors explain most of the city's economy. Health care employs 23.2% of private-sector workers. Finance and insurance has only 4.1% of establishments but pays 27.4% of all wages. For industry detail, see the reports on finance companies in New York City and tech companies in New York City.
CBP covers private employers only. It leaves out government, the self-employed and businesses with no employees, and it counts a company with 40 branches 40 times. Employment is for the pay period including March 12, 2023.
The biggest companies headquartered in New York City
Ranked by revenue in each company's latest annual report on Form 10-K, among SEC-registered public companies whose 10-K cover gives a principal executive office in the five boroughs:
| Rank | Company | Revenue, latest fiscal year | Year ended |
|---|---|---|---|
| 1 | JPMorgan Chase | $182.45 billion | Dec 2025 |
| 2 | Verizon Communications | $138.19 billion | Dec 2025 |
| 3 | StoneX Group | $132.38 billion | Sep 2025 |
| 4 | Citigroup | $85.23 billion | Dec 2025 |
| 5 | MetLife | $77.08 billion | Dec 2025 |
| 6 | American Express | $72.23 billion | Dec 2025 |
| 7 | Morgan Stanley | $70.65 billion | Dec 2025 |
| 8 | Pfizer | $62.58 billion | Dec 2025 |
| 9 | Galaxy Digital | $60.41 billion | Dec 2025 |
| 10 | Goldman Sachs | $58.28 billion | Dec 2025 |
Banks are shown at net revenue, the figure they report as total revenue. StoneX and Galaxy Digital make the top ten because their revenue includes the full value of the commodities and digital assets they sell: StoneX's net operating revenues were $2.05 billion. Travelers, with $48.83 billion, still shows a St. Paul, Minnesota business address at the SEC, but its 10-K names 485 Lexington Avenue as its principal executive office. The full top 30, with headcounts, is on our largest companies in New York City page.
Who employs the most people
The City of New York had 287,422 full-time employees in fiscal 2025, 120,720 of them teachers and other pedagogical staff. The City Comptroller's annual financial report says that, other than the City itself, no single employer has more than 2% of the city's 4.8 million jobs, which is why it publishes no ranked list of principal employers. The largest employers in New York City page covers the public employers, the health systems and what the job data shows.
How to find and check a New York City business
| Source | What it tells you |
|---|---|
| Active Corporations dataset, NY Department of State | Every active corporation and LLC with filing date, county, entity type and address for service of process; free, updated monthly, filterable and downloadable |
| DCWP Issued Licenses, NYC Open Data | Licenses issued by the Department of Consumer and Worker Protection, with status: 44,099 active in the August 2026 update |
| DCWP licensing page | Which of the 45-plus licensed industries need a city license, from home appliance repair to employment agencies and, since May 2025, hotels |
| NYC certified business directory | Firms certified by the City as minority-owned, women-owned, locally based or emerging enterprises, searchable by NAICS code, borough and largest contract value |
| NYC Business portal | The City's guide to permits and licenses by business type |
| Borough chambers: Brooklyn, Queens, Bronx, Staten Island | Member directories and local introductions |
| SEC EDGAR | Annual reports for public companies, with revenue, headcount and the official headquarters address |
To vet a supplier, work through it in order:
- Confirm the legal entity is active in the Department of State data and that the name on the contract matches the filing.
- If the work is in a licensed industry, find the license in the DCWP data and check its status, not just that it exists.
- If you need minority- or women-owned spend credit, check the certified directory rather than the vendor's own claim.
- Ask for two references from customers your size in the same borough.
Prospecting New York City businesses
Treat the boroughs as different markets. Manhattan establishments are larger and more often regional or headquarters offices, where purchases go through procurement or a facilities team. In Brooklyn and Queens, most of the 20-to-99 tier are owner-run firms where the owner or an office manager decides within a week or two.
Illustrative example. The firm, rates and results are fictional, to show the method.
Atlantic Ledger (atlanticledger.example), a bookkeeping firm in Downtown Brooklyn, wants Brooklyn businesses with 5 to 19 employees.
- Citywide, 35,509 + 23,045 = 58,554 establishments have 5 to 19 employees.
- Brooklyn has 26.4% of the city's establishments, so assuming the same size mix gives about 15,480 there.
- It filters the Department of State data to Kings County entities filed since 2023, because new firms are still choosing an accountant, then keeps those it can match to a storefront or office.
- At 300 contacts a month and a 1.5% conversion rate, it adds four or five clients a month.
Matching filings to real, staffed businesses is the slow part. Bebop can search for "Brooklyn businesses with 5 to 19 employees that opened in the last two years" and explain why each one fits.
Subject: Books for [Company] before tax season Hi [first name], Congratulations on [Company]'s second year. Around now, most owners we meet are doing the books at night and worrying about New York's quarterly sales tax filings. We keep the books for about 60 Brooklyn businesses with 5 to 20 people, for a flat monthly fee, and file the sales tax returns too. Would a 15-minute call to see whether we'd save you time be useful? [Your name], Atlantic Ledger
Next step: turn a borough into a working target list with how to build a prospect list.
Sources
- County Business Patterns 2023, US Census Bureau, accessed 30 October 2026
- County Business Patterns Methodology, US Census Bureau, accessed 30 October 2026
- Active Corporations: Beginning 1800, New York Department of State, Division of Corporations (data.ny.gov), updated 29 October 2026, accessed 30 October 2026
- Annual Comprehensive Financial Report of the Comptroller for the fiscal year ended June 30, 2025, Office of the New York City Comptroller, accessed 30 October 2026
- Issued Licenses, NYC Department of Consumer and Worker Protection (NYC Open Data), updated 20 August 2026, accessed 30 October 2026
- Licenses, NYC Department of Consumer and Worker Protection, accessed 30 October 2026
- Certified business directory, NYC Department of Small Business Services, accessed 30 October 2026
- JPMorgan Chase annual report on Form 10-K, fiscal year ended 31 December 2025, JPMorgan Chase (SEC EDGAR), 13 February 2026
- Verizon Communications annual report on Form 10-K, fiscal year ended 31 December 2025, Verizon Communications (SEC EDGAR), 17 February 2026
- StoneX Group annual report on Form 10-K, fiscal year ended 30 September 2025, StoneX Group (SEC EDGAR), 28 November 2025
- Citigroup annual report on Form 10-K, fiscal year ended 31 December 2025, Citigroup (SEC EDGAR), 20 February 2026
- MetLife annual report on Form 10-K, fiscal year ended 31 December 2025, MetLife (SEC EDGAR), 19 February 2026
- American Express annual report on Form 10-K, fiscal year ended 31 December 2025, American Express (SEC EDGAR), 6 February 2026
- Morgan Stanley annual report on Form 10-K, fiscal year ended 31 December 2025, Morgan Stanley (SEC EDGAR), 19 February 2026
- Pfizer annual report on Form 10-K, fiscal year ended 31 December 2025, Pfizer (SEC EDGAR), 26 February 2026
- Galaxy Digital annual report on Form 10-K, fiscal year ended 31 December 2025, Galaxy Digital (SEC EDGAR), 26 February 2026
- Goldman Sachs annual report on Form 10-K, fiscal year ended 31 December 2025, Goldman Sachs (SEC EDGAR), 25 February 2026
- Travelers Companies annual report on Form 10-K, fiscal year ended 31 December 2025, Travelers Companies (SEC EDGAR), 12 February 2026
Written by the Bebop team at Blackpearl Group. Published .
Questions people ask
How many businesses are there in New York City?
The Census Bureau counted 235,767 business establishments with paid employees in New York City's five boroughs in 2023, employing 4,085,556 people. Manhattan had 93,904, Brooklyn 62,317 and Queens 51,188. Counting legal entities instead, the New York Department of State lists 2,124,776 active corporations, LLCs and other entities on file in the five counties, most of them with no employees.
What are the biggest companies in New York City?
By revenue in their latest 10-K filings, the largest public companies headquartered in New York City are JPMorgan Chase ($182.45 billion in 2025), Verizon ($138.19 billion), StoneX Group ($132.38 billion), Citigroup ($85.23 billion) and MetLife ($77.08 billion). StoneX's figure includes the value of physical commodities it sells; its net operating revenues were $2.05 billion.
Which borough has the most businesses?
Manhattan, with 93,904 employer establishments and 2,322,720 employees in 2023, which is 39.8% of the city's establishments and 56.9% of its jobs. Brooklyn is second with 62,317 establishments and Queens third with 51,188. Brooklyn has the most registered entities per staffed location: 9.7 active entities on file for every employer establishment.
How do I look up a business in New York?
The Department of State's Active Corporations dataset on data.ny.gov lists every active corporation and LLC with its filing date, county and address for service of process, free and updated monthly. For businesses that need a city license, the DCWP Issued Licenses dataset on NYC Open Data shows license status. Public companies' annual reports are on SEC EDGAR.
Who is the largest employer in New York City?
The City of New York, with 287,422 full-time employees in fiscal 2025 according to the City Comptroller's annual financial report, including 120,720 pedagogical staff in education. The report says no other single employer accounts for more than 2% of the city's nonfarm jobs, which averaged about 4.8 million in 2025.