Translation and Interpretation Services Revenue Benchmarks

How much does the average translation and interpretation business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$1.3M

per year

💰

Profit Margin

22.0%

industry average

📈

Revenue / Employee

$92K

per year

👤

Total Businesses

2,709

in the US

🏢

Est. Owner Income

$281K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$60K

per year (BLS)

💼

Market Saturation

0.8

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$108K
5-9 employees
$721K
10-19 employees
$1.5M
20-99 employees
$4.0M
100-499 employees
$27.1M
500+ employees
$144.1M

🏆 Highest Revenue States

1.Utah$9.0M avg2.Ohio$3.9M avg3.Arizona$3.3M avg4.Massachusetts$3.1M avg5.Oregon$1.8M avg6.Virginia$1.6M avg7.Connecticut$1.6M avg8.New York$1.5M avg9.North Carolina$1.3M avg10.California$1.2M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

13.21%

openings/year

Closure Rate

10.38%

closings/year

Net Job Growth

+2.16%

annual

Businesses Closed

5,672

in 2023

Firm Count Trend

19
20
21
22
23
56,135 firms58,460 firms

💡 Should You Start a Translation and Interpretation Business?

Startup Cost

$10K – $75K

Break-Even

2 months

5-Year Survival Rate

60.0%

🆚 Related Industries

Offices of Lawyers$1.5MAdministrative Management and General Management Consulting Services$1.9MCustom Computer Programming Services$3.9MOffices of Certified Public Accountants$1.9MComputer Systems Design Services$4.2M

Compare Translation and Interpretation Services revenue with other industries:

vs Officesvs Administrativevs Custom