Veterinary Services Revenue Benchmarks

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

Average Revenue

$1.4M

per year

💰

Profit Margin

22.0%

industry average

📈

Revenue / Employee

$93K

per year

👤

Total Businesses

27,237

in the US

🏢

Est. Owner Income

$317K

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$55K

per year (BLS)

💼

Market Saturation

8.2

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$201K
5-9 employees
$527K
10-19 employees
$1.1M
20-99 employees
$2.8M
100-499 employees
$21.4M
500+ employees
$350.6M

🏆 Highest Revenue States

1.Massachusetts$3.1M avg2.New Jersey$2.3M avg3.Washington$2.3M avg4.Delaware$2.0M avg5.Nevada$2.0M avg6.Hawaii$1.9M avg7.Maryland$1.8M avg8.Connecticut$1.8M avg9.California$1.8M avg10.Alaska$1.7M 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 Veterinary 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 Veterinary Services revenue with other industries:

vs Officesvs Administrativevs Custom