Businesses in NYC: 235,767 employer locations, 2.1 million registered entities and the biggest headquarters

New York City has about nine registered business entities for every location that actually employs someone, so the number you quote depends on which list you use. For finding customers, suppliers or employers, the 235,767 establishments with a payroll are the market that matters.

Market report7 min readPublished

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, 2023Employees, 2023Active entities on file, October 2026
Manhattan (New York County)93,9042,322,720833,060
Brooklyn (Kings County)62,317745,880602,870
Queens (Queens County)51,188616,045443,697
The Bronx (Bronx County)18,674285,540162,924
Staten Island (Richmond County)9,684115,37182,225
New York City235,7674,085,5562,124,776

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
Establishments235,767
Employees4,085,556
Annual payroll$434,251,191,000
Average employees per establishment17.3
Average annual pay$106,289
Share of US establishments2.82% (of 8,361,342)

How big they are

Employees at the establishmentEstablishments
1 to 4150,309
5 to 935,509
10 to 1923,045
20 to 4915,898
50 to 995,416
100 to 2493,346
250 to 4991,274
500 to 999569
1,000 or more401

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)EstablishmentsEmployeesAverage pay
Retail trade (44 to 45)31,958306,193$47,707
Professional, scientific and technical services (54)28,738419,278$149,895
Health care and social assistance (62)26,532948,916$58,861
Other services (81)26,307195,812$60,808
Accommodation and food services (72)25,507373,394$40,777
Real estate (53)19,452115,412$83,199
Construction (23)15,367133,453$87,919
Finance and insurance (52)9,677352,646$336,958
Information (51)6,818256,650$178,719
Educational services (61)4,303253,033$77,541
Management of companies (55)1,247107,814$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:

RankCompanyRevenue, latest fiscal yearYear ended
1JPMorgan Chase$182.45 billionDec 2025
2Verizon Communications$138.19 billionDec 2025
3StoneX Group$132.38 billionSep 2025
4Citigroup$85.23 billionDec 2025
5MetLife$77.08 billionDec 2025
6American Express$72.23 billionDec 2025
7Morgan Stanley$70.65 billionDec 2025
8Pfizer$62.58 billionDec 2025
9Galaxy Digital$60.41 billionDec 2025
10Goldman Sachs$58.28 billionDec 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

SourceWhat it tells you
Active Corporations dataset, NY Department of StateEvery 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 DataLicenses issued by the Department of Consumer and Worker Protection, with status: 44,099 active in the August 2026 update
DCWP licensing pageWhich 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 directoryFirms 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 portalThe City's guide to permits and licenses by business type
Borough chambers: Brooklyn, Queens, Bronx, Staten IslandMember directories and local introductions
SEC EDGARAnnual reports for public companies, with revenue, headcount and the official headquarters address

To vet a supplier, work through it in order:

  1. Confirm the legal entity is active in the Department of State data and that the name on the contract matches the filing.
  2. If the work is in a licensed industry, find the license in the DCWP data and check its status, not just that it exists.
  3. If you need minority- or women-owned spend credit, check the certified directory rather than the vendor's own claim.
  4. 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.

Email to the owner of a young Brooklyn business
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

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.

Find the New York City businesses that fit what you sell

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