2025 Photography Industry Report

Industry Overview

This industry comprises establishments primarily engaged in providing still, video, or digital photography services. These establishments may specialize in a particular field of photography, such as commercial and industrial photography, portrait photography, and special events photography. Commercial or portrait photography studios are included in this industry.
Source: US Census Bureau

Market Size and Industry Forecast

The Photography industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Photography industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Photography companies in the United States.

Distribution by Company Size

Company Size	All Industries	Photography
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Photography Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Photography Industry Product Mix

Product Description	Description	Revenue ($ Millions)
Industry total
Portrait photography services
General individual & group portrait photography services
School portrait services
Commercial or industrial photography services
Wedding photography services
Wedding still photography services
Other special event photography
Other photography services
Other portrait photography services

Photography Industry Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	3%
Chief Executives	0%
General and Operations Managers	3%
Arts, Design, Entertainment, Sports, and Media Occupations	57%
Media and Communication Equipment Workers	53%
Photographers	50%
Photographers	50%
Sales and Related Occupations	11%
Retail Sales Workers	6%
Office and Administrative Support Occupations	18%
Other Office and Administrative Support Workers	8%
Office Clerks, General	7%
Office Clerks, General	7%
Production Occupations	7%
Other Production Occupations	7%
Photographic Process Workers and Processing Machine Operators	6%
Photographic Process Workers and Processing Machine Operators	6%

Government Contracts

The federal government spent an annual total of $31,926,117 on the photography industry. It has awarded 303 contracts to 92 companies, with an average value of $347,023 per company.

Top Companies in Photography and Adjacent Industries

Company	Address	Revenue ($ Millions)