Virginia Business Data
Businesses, industries, public companies, banks, trucking companies, new business applications and bankruptcies in Virginia.
- Employer establishments
- 210,842
- 2023
- Employees
- 3,581,650
- New applications, 12 months
- 152,971
- +16.3% vs. prior 12 months
Industries
Employer businesses in 2023
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| Industry | Establishments | Employees | Average pay |
|---|---|---|---|
| Professional and technical services | 32,231 | 536,441 | $110,839 |
| Health care and social assistance | 23,812 | 488,231 | $64,980 |
| Retail trade | 25,872 | 423,568 | $35,521 |
| Accommodation and food services | 19,418 | 368,252 | $25,101 |
| Administrative and support services | 11,577 | 270,238 | $55,488 |
| Manufacturing | 5,019 | 246,819 | $67,674 |
| Construction | 21,118 | 206,469 | $73,364 |
| Finance and insurance | 10,642 | 178,431 | $123,506 |
| Other services | 23,627 | 173,753 | $50,279 |
| Transportation and warehousing | 5,999 | 137,923 | $60,557 |
| Information | 4,006 | 111,454 | $139,665 |
| Wholesale trade | 6,529 | 108,736 | $88,515 |
| Management of companies | 1,169 | 97,043 | $115,083 |
| Educational services | 3,269 | 86,917 | $46,620 |
| Real estate and rental | 11,611 | 61,339 | $71,854 |
| Arts, entertainment and recreation | 3,465 | 60,754 | $33,198 |
| Utilities | 377 | 14,878 | $126,741 |
| Mining, oil and gas | 237 | 6,061 | $90,122 |
| Agriculture, forestry and fishing | 630 | 4,062 | $59,363 |
Total annual payroll: $251B
Largest public companies in Virginia
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| # | Company | Revenue | Net income |
|---|---|---|---|
| 1 | Boeing CoBA | $89.46B | $2.23B |
| 2 | RTX CorpRTX | $88.6B | $6.73B |
| 3 | Performance Food Group CoPFGC | $67.84B | $359.3M |
| 4 | Capital One Financial CorpCOF | $53.43B | $2.45B |
| 5 | General Dynamics CorpGD | $52.55B | $4.21B |
| 6 | Northrop Grumman CorpNOC | $41.95B | $4.18B |
| 7 | Ferguson Enterprises Inc.FERG | $30.76B | $1.86B |
| 8 | CarMax IncKMX | $25.88B | $247.3M |
| 9 | Altria Group, Inc.MO | $23.28B | $6.95B |
| 10 | Federal Home Loan Mortgage CorpFMCC | $23.27B | $10.73B |
Banks headquartered in Virginia
56 FDIC-insured banks
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| # | Bank | Total assets | Deposits | Offices |
|---|---|---|---|---|
| 1 | Capital One, National Association | $662.2B | $512.6B | 249 |
| 2 | HSBC Bank USA, National Association | $173.1B | $141.2B | 22 |
| 3 | Atlantic Union Bank | $38.02B | $30.58B | 184 |
| 4 | United Bank | $33.64B | $27.34B | 237 |
| 5 | TowneBank | $22.62B | $18.82B | 81 |
| 6 | Burke & Herbert Bank & Trust Company | $10.98B | $9B | 106 |
| 7 | Carter Bank & Trust | $4.8B | $4.2B | 66 |
| 8 | Primis Bank | $4.34B | $3.46B | 28 |
| 9 | The First Bank and Trust Company | $4.28B | $3.82B | 35 |
| 10 | First Community Bank | $3.61B | $3.04B | 67 |
Trucking companies
Carriers in this state- Active carriers
- 25,367
- Power units
- 136,505
- Drivers
- 138,390
New businesses and bankruptcies
- 152,971 new business applications in the 12 months through September 2026.
- 429 business bankruptcy cases in the 12 months ending June 2026 (+1.4% from a year earlier).
Counties
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| County | Establishments | Employees | Average pay |
|---|---|---|---|
| Fairfax County | 31,931 | 696,002 | $100,312 |
| Loudoun County | 12,561 | 192,220 | $74,129 |
| Virginia Beach city | 11,822 | 165,136 | $52,528 |
| Henrico County | 9,754 | 183,459 | $67,993 |
| Prince William County | 9,286 | 120,091 | $55,828 |
| Chesterfield County | 8,257 | 124,728 | $57,580 |
| Richmond city | 6,530 | 129,898 | $77,795 |
| Arlington County | 6,334 | 159,716 | $113,611 |
| Chesapeake city | 5,867 | 100,552 | $55,207 |
| Norfolk city | 5,398 | 109,272 | $61,943 |
| Alexandria city | 4,493 | 79,745 | $78,904 |
| Newport News city | 3,788 | 94,131 | $67,496 |
| Hanover County | 3,413 | 52,652 | $53,245 |
| Roanoke city | 3,151 | 66,628 | $57,640 |
| Albemarle County | 2,963 | 42,901 | $65,241 |
| Spotsylvania County | 2,811 | 34,160 | $47,889 |
| Stafford County | 2,570 | 35,383 | $51,419 |
| Hampton city | 2,362 | 39,322 | $51,276 |
| Lynchburg city | 2,251 | 57,019 | $53,461 |
| Roanoke County | 2,145 | 31,143 | $50,328 |
| Charlottesville city | 2,070 | 35,960 | $66,723 |
| Fairfax city | 2,028 | 26,981 | $63,719 |
| Montgomery County | 2,016 | 32,210 | $54,216 |
| Fauquier County | 2,015 | 20,078 | $59,926 |
| James City County | 1,841 | 25,793 | $46,695 |
| Bedford County | 1,818 | 16,604 | $57,030 |
| Suffolk city | 1,798 | 27,824 | $51,330 |
| Frederick County | 1,695 | 31,079 | $56,505 |
| Harrisonburg city | 1,695 | 26,378 | $43,260 |
| Rockingham County | 1,648 | 29,517 | $54,854 |
| Portsmouth city | 1,597 | 25,089 | $54,921 |
| Manassas city | 1,506 | 17,903 | $63,880 |
| York County | 1,503 | 18,725 | $46,577 |
| Fredericksburg city | 1,477 | 21,521 | $53,104 |
| Augusta County | 1,439 | 22,743 | $55,717 |
| Winchester city | 1,373 | 24,157 | $53,707 |
| Franklin County | 1,238 | 13,569 | $39,862 |
| Danville city | 1,227 | 23,835 | $44,018 |
| Campbell County | 1,216 | 17,025 | $55,829 |
| Washington County | 1,207 | 18,465 | $47,429 |
| Culpeper County | 1,126 | 13,506 | $54,461 |
| Salem city | 994 | 19,148 | $60,126 |
| Shenandoah County | 922 | 12,260 | $44,597 |
| Tazewell County | 895 | 11,435 | $43,038 |
| Falls Church city | 883 | 10,152 | $65,314 |
| Warren County | 882 | 11,889 | $47,112 |
| Pittsylvania County | 879 | 8,947 | $43,805 |
| Gloucester County | 868 | 7,878 | $39,055 |
| Henry County | 803 | 12,670 | $39,059 |
| Mecklenburg County | 793 | 9,366 | $44,855 |
| Botetourt County | 776 | 12,180 | $54,003 |
| Isle of Wight County | 766 | 9,183 | $55,862 |
| Staunton city | 760 | 10,209 | $41,698 |
| Goochland County | 756 | 24,730 | $140,482 |
| Powhatan County | 740 | 6,397 | $49,133 |
| Orange County | 724 | 7,277 | $45,337 |
| Accomack County | 711 | 9,186 | $39,303 |
| Petersburg city | 707 | 11,824 | $54,436 |
| Wythe County | 691 | 9,944 | $44,855 |
| Louisa County | 683 | 8,738 | $55,847 |
| Halifax County | 656 | 9,748 | $47,509 |
| Pulaski County | 641 | 13,327 | $49,337 |
| Colonial Heights city | 630 | 8,953 | $34,047 |
| Waynesboro city | 620 | 8,886 | $43,751 |
| Wise County | 607 | 7,407 | $37,189 |
| Amherst County | 553 | 5,959 | $44,150 |
| Williamsburg city | 553 | 8,937 | $40,143 |
| Bristol city | 533 | 8,370 | $39,317 |
| Martinsville city | 511 | 9,013 | $39,758 |
| Smyth County | 499 | 8,169 | $47,692 |
| King George County | 496 | 5,319 | $60,863 |
| Prince Edward County | 496 | 6,986 | $41,014 |
| Prince George County | 466 | 8,507 | $47,118 |
| Lancaster County | 458 | 4,238 | $47,303 |
| New Kent County | 458 | 3,471 | $41,333 |
| Rockbridge County | 458 | 5,356 | $40,098 |
| Page County | 441 | 4,172 | $43,838 |
| Russell County | 436 | 5,324 | $43,222 |
| Carroll County | 431 | 4,848 | $35,843 |
| Caroline County | 424 | 4,315 | $45,251 |
| Fluvanna County | 420 | 2,983 | $47,125 |
| Dinwiddie County | 396 | 6,313 | $52,941 |
| Hopewell city | 396 | 5,277 | $56,356 |
| Greene County | 384 | 3,133 | $37,392 |
| Clarke County | 377 | 3,106 | $46,084 |
| Nelson County | 372 | 3,265 | $38,085 |
| King William County | 359 | 3,036 | $42,084 |
| Buchanan County | 343 | 4,687 | $66,151 |
| Floyd County | 339 | 2,960 | $36,399 |
| Westmoreland County | 338 | 2,149 | $36,908 |
| Manassas Park city | 337 | 3,201 | $63,203 |
| Northampton County | 327 | 2,939 | $42,772 |
| Appomattox County | 319 | 2,634 | $34,896 |
| Galax city | 311 | 4,771 | $39,625 |
| Essex County | 309 | 3,180 | $39,205 |
| Middlesex County | 306 | 2,444 | $36,483 |
| Northumberland County | 306 | 1,615 | $41,938 |
| Giles County | 299 | 3,774 | $50,116 |
| Nottoway County | 299 | 2,991 | $43,304 |
| Radford city | 289 | 3,907 | $47,918 |
| Madison County | 283 | 2,354 | $44,172 |
| Amelia County | 273 | 2,014 | $44,251 |
| Patrick County | 266 | 2,996 | $37,548 |
| Franklin city | 263 | 3,369 | $30,232 |
| Scott County | 260 | 4,193 | $42,959 |
| Buckingham County | 257 | 1,863 | $41,441 |
| Brunswick County | 254 | 2,356 | $42,469 |
| Lexington city | 253 | 4,728 | $41,812 |
| Lee County | 242 | 2,329 | $37,919 |
| Alleghany County | 241 | 2,492 | $45,114 |
| Poquoson city | 223 | 1,285 | $36,094 |
| Charlotte County | 220 | 1,762 | $40,635 |
| Emporia city | 218 | 3,805 | $42,302 |
| Southampton County | 209 | 1,893 | $53,432 |
| Rappahannock County | 197 | 1,123 | $46,866 |
| Covington city | 197 | 3,344 | $65,033 |
| Richmond County | 195 | 1,819 | $41,556 |
| Mathews County | 191 | 1,196 | $34,293 |
| Norton city | 191 | 3,952 | $57,973 |
| Dickenson County | 184 | 1,878 | $49,634 |
| Sussex County | 184 | 1,975 | $44,636 |
| Grayson County | 173 | 1,566 | $40,957 |
| Lunenburg County | 170 | 1,415 | $43,916 |
| Charles City County | 153 | 1,635 | $54,964 |
| Cumberland County | 145 | 823 | $42,313 |
| Bath County | 127 | 1,825 | $46,095 |
| King and Queen County | 117 | 719 | $52,042 |
| Buena Vista city | 109 | 2,141 | $42,060 |
| Greensville County | 100 | 2,367 | $38,308 |
| Surry County | 87 | 1,467 | $86,886 |
| Highland County | 79 | 325 | $33,671 |
| Bland County | 70 | 1,282 | $82,633 |
| Craig County | 64 | 425 | $34,664 |
Source: U.S. Census Bureau, SEC, FDIC, FMCSA and the U.S. Courts · Last updated 12/31/2023