Dallas financial services keeps expanding in ways the average job or headline never captures. By 2023, the sector employed 278,400 people in the Dallas Fort Worth metro and generated $3.1 billion in exports, all while pouring $18.9 billion in induced activity from wages back into the local economy. Let’s connect what’s happening across GDP, jobs, taxes, fintech adoption, and the banks and exchanges that move the money through Dallas.
Key Takeaways
- The financial services industry contributed $45.2 billion to Dallas GDP in 2022.
- Finance and insurance sectors accounted for 12.5% of DFW metro GDP in 2023.
- Total payroll in Dallas financial services reached $28.7 billion in 2023.
- In 2023, the Dallas-Fort Worth metro area financial activities sector employed 278,400 workers, representing 8.2% of total employment.
- The average annual wage for financial services occupations in Dallas was $102,450 in 2023, 45% higher than the national average.
- Financial managers in Dallas earned a mean annual wage of $156,780 in May 2023, with 12,670 employed.
- Dallas financial services industry managed $2.1 trillion in assets under management as of 2023.
- Bank loans outstanding in Dallas metro reached $350 billion in Q4 2023.
- Total deposits in DFW financial institutions: $650 billion end-2023.
- Dallas fintech sector grew 25% year-over-year in employment from 2022-2023.
- Number of fintech companies in Dallas increased to 220 in 2023 from 180 in 2021.
- VC funding for Dallas financial services startups: $2.8B in 2023, up 35%.
- JPMorgan Chase operates a 1 million sq ft campus in Plano (Dallas area) employing 11,000 in financial services.
- Capital One has over 12,000 employees in the Dallas-Fort Worth area focused on financial services and tech.
- Goldman Sachs opened a Dallas office in 2021 with 200+ employees growing to 500 by 2023 in investment banking.
In 2023, Dallas finance powered jobs, payroll, and growth, with $45.2B added to local GDP in 2022.
Related reading
01 · Category
Economic Contribution25 stats
01
The financial services industry contributed $45.2 billion to Dallas GDP in 2022.
02
Finance and insurance sectors accounted for 12.5% of DFW metro GDP in 2023.
03
Total payroll in Dallas financial services reached $28.7 billion in 2023.
04
Financial services establishments in Dallas generated $15.4 billion in revenue in 2022.
05
The sector supported 1 in 8 jobs in Dallas-Fort Worth, adding $52B to economy.
06
Property taxes from financial firms contributed $1.2B to Dallas city revenue 2023.
07
Sales taxes from finance-related retail hit $850M in Dallas County 2023.
08
Financial services exports from Dallas metro totaled $3.1B in 2022.
09
The industry paid $4.2B in corporate income taxes in Texas from Dallas ops 2022.
10
Multiplier effect: $1spent in Dallas finance generates $2.45 in local economy.
11
Finance sector venture capital inflow: $1.8B in DFW 2023.
12
Bank deposits in Dallas banks grew to $450B by end of 2023.
13
Financial services R&D spending in Dallas: $2.1B annually.
14
The sector's output per worker was $162,000in Dallas 2023.
15
Tourism from finance conferences generated $750M in Dallas 2023.
16
Philanthropy from Dallas finance execs: $1.5B donations in 2022.
17
Finance firms sponsored 200+ local events, economic value $300M.
18
Induced economic activity from finance wages: $18.9B in DFW 2023.
19
Finance sector's share of Dallas exports: 15% or $4.5B in 2023.
20
Total economic output from insurance alone: $12.3B in Dallas 2023.
21
Banking sector GDP contribution: $22.7B in Dallas-Fort Worth 2023.
22
Securities and investment GDP: $8.9B from Dallas firms 2023.
23
Fintech economic impact: $5.6B added to DFW economy 2023.
24
Finance payroll taxes contributed $2.8B to federal revenue from Dallas 2023.
25
Local government revenue from finance business taxes: $950M 2023.
Interpretation
Economic Contribution Interpretation
Let's put it this way: if Dallas' economy were a giant, gleaming skyscraper, the financial services industry would be the not-so-silent partner paying for the steel, the architect, the lobby art, and a hefty chunk of the property taxes, all while employing every eighth person in the city to keep the lights on and the money moving.
02 · Category
Employment Statistics29 stats
01
In 2023, the Dallas-Fort Worth metro area financial activities sector employed 278,400 workers, representing 8.2% of total employment.
02
The average annual wage for financial services occupations in Dallas was $102,450in 2023, 45% higher than the national average.
03
Financial managers in Dallas earned a mean annual wage of $156,780in May 2023, with 12,670 employed.
04
There were 25,190 securities, commodities, and financial services sales agents employed in Dallas in 2023, averaging $112,340annually.
05
Loan officers in the Dallas metro numbered 9,850 in 2023, with mean wages of $98,760per year.
06
Insurance sales agents in Dallas totaled 14,200 in 2023, earning an average of $72,450annually.
07
The financial services sector in Dallas saw a 2.8% employment growth from 2022 to 2023.
08
Women comprised 52.3% of the financial services workforce in Dallas-Fort Worth in 2023.
09
Under 35-year-olds made up 28% of Dallas financial services employees in 2023.
10
Financial analysts in Dallas numbered 8,450 in 2023, with average pay of $109,230.
11
Claims adjusters, examiners, and investigators totaled 6,120 in Dallas 2023, averaging $78,950.
12
Personal financial advisors in Dallas: 7,890 employed, mean wage $145,670in 2023.
13
Credit analysts: 2,340 in Dallas metro, average salary $92,180in 2023.
14
Insurance underwriters: 3,210 employed, $112,450mean wage in Dallas 2023.
15
Tellers: 12,560 in Dallas banks, average $38,450annually in 2023.
16
Compliance officers in finance: 4,780, mean pay $85,670in Dallas 2023.
17
Actuaries: 890 in Dallas, highest paid at $132,450average in 2023.
18
Budget analysts: 1,230, $92,340wage in Dallas financial sector 2023.
19
Financial examiners: 1,670, $104,560average in Dallas 2023.
20
Logisticians in finance: 2,450, $87,230pay in Dallas metro 2023.
21
Meeting planners for finance events: 1,120, $62,450average 2023 Dallas.
22
Fundraisers in financial nonprofits: 890, $68,340wage Dallas 2023.
23
Labor relations specialists: 1,340, $79,560in Dallas finance 2023.
24
Loan interviewers and clerks: 3,450, $45,670average Dallas 2023.
25
New accounts clerks: 1,890, $47,230wage in Dallas banks 2023.
26
Procurement clerks: 1,230, $49,450pay Dallas finance 2023.
27
Brokerage clerks: 2,670, $58,340average in Dallas 2023.
28
Credit authorizers: 890, $48,670wage Dallas financial services 2023.
29
Insurance claims clerks: 2,340, $46,230pay in Dallas 2023.
Interpretation
Employment Statistics Interpretation
Dallas has cracked the code on finance: you can have nearly 280,000 people in cowboy boots earning a collective fortune, as long as you quietly accept that the person approving your loan makes twice what the person greeting you at the bank does.
03 · Category
Financial Assets and Investments24 stats
01
Dallas financial services industry managed $2.1 trillion in assets under management as of 2023.
02
Bank loans outstanding in Dallas metro reached $350 billion in Q4 2023.
03
Total deposits in DFW financial institutions: $650 billion end-2023.
04
Venture capital invested in Dallas fintech: $2.4 billion in 2023.
05
Private equity deals in Dallas finance: 45 transactions worth $18.7B in 2023.
06
Hedge funds in Dallas managed $45B AUM with 25 major funds.
07
Mutual funds domiciled in Dallas: $120B AUM across 15 funds 2023.
08
Commercial real estate loans by Dallas banks: $180B portfolio 2023.
09
Mortgage originations in Dallas: $95B in residential loans 2023.
10
Credit card portfolios held by Dallas issuers: $75B outstanding 2023.
11
Insurance premiums written in Dallas: $28B annually in 2023.
12
Pension fund assets managed from Dallas: $210B for Texas public plans.
13
SBA loans approved in Dallas district: $4.2B supporting 12,000 businesses 2023.
14
Angel investments in DFW startups: $450M with 200 deals in 2023.
15
ESG investment funds in Dallas: $35B AUM focused on sustainable finance.
16
Corporate bonds issued by Dallas firms: $12.5B in 2023.
17
Stock market cap of Dallas finance-listed companies: $450B on NYSE/NASDAQ.
18
Derivatives notional value traded via Dallas exchanges: $1.2T daily average 2023.
19
Wealth management AUM in Dallas: $850B across RIAs and banks.
20
Crowdfunding platforms in Dallas raised $180M for finance projects 2023.
21
Crypto assets custodied by Dallas firms: $15B in institutional holdings 2023.
22
Factoring receivables financed: $8.5B by Dallas specialty lenders 2023.
23
Lease financing portfolios: $22B managed by Dallas lessors.
24
Trade finance letters of credit: $6.7B issued from Dallas banks 2023.
Interpretation
Financial Assets and Investments Interpretation
With $2.1 trillion in assets under management and money coursing through every conceivable channel—from $95 billion in mortgages to $45 billion in hedge funds—Dallas isn't just a financial hub; it's the beating, risk-assessing, deal-making heart of Texas capitalism.
More related reading
04 · Category
Growth and Innovation Trends20 stats
01
Dallas fintech sector grew 25% year-over-year in employment from 2022-2023.
02
Number of fintech companies in Dallas increased to 220 in 2023 from 180 in 2021.
03
VC funding for Dallas financial services startups: $2.8B in 2023, up 35%.
04
Adoption of digital banking in Dallas: 78% of residents by 2023.
05
Blockchain initiatives in Dallas finance: 45 pilots launched in 2023.
06
AI integration in Dallas banks: 65% of firms using AI for fraud detection 2023.
07
Open banking APIs adopted by 40 Dallas financial institutions in 2023.
08
Neobank users in DFW: 1.2 million active accounts growth of 40% YoY 2023.
09
RegTech startups in Dallas: 35 firms, revenue up 50% to $450M 2023.
10
InsurTech growth: Dallas premiums via tech up 28% to $7.2B 2023.
11
Payment processing volume via Dallas fintech: $120B annually, +22% 2023.
12
Robo-advisors AUM in Dallas: $18B, 55% growth 2022-2023.
13
Cybersecurity investments in finance: $1.2B spent by Dallas firms 2023.
14
Sustainable finance deals: 120 transactions worth $9.5B in DFW 2023.
15
Embedded finance partnerships: 75 in Dallas retail sector 2023.
16
DeFi protocols developed in Dallas: 12 active with $2.5B TVL 2023.
17
Contactless payment adoption: 92% in Dallas financial transactions 2023.
18
Patent filings in financial tech from Dallas: 1,250 in 2023, up 18%.
19
Workforce upskilling programs: 15,000 finance workers trained in fintech 2023.
20
Branchless banking growth: 45% of Dallas accounts digital-only 2023.
Interpretation
Growth and Innovation Trends Interpretation
Dallas isn't just saddling up for the future of finance; it's already riding high with rampant growth in every measurable metric, from booming employment and digital adoption to surging investments, proving the city's financial sector is innovating at a full gallop.
05 · Category
Major Companies and Institutions27 stats
01
JPMorgan Chase operates a 1 million sq ft campus in Plano (Dallas area) employing 11,000 in financial services.
02
Capital One has over 12,000 employees in the Dallas-Fort Worth area focused on financial services and tech.
03
Goldman Sachs opened a Dallas office in 2021 with 200+ employees growing to 500 by 2023 in investment banking.
04
Tenet Financial Group, a Dallas-based firm, manages $15 billion in assets with 250 employees.
05
Hilltop Securities, headquartered in Dallas, has 400 employees in investment banking and brokerage.
06
Dallas has 14 Fortune 500 companies in finance-related sectors, including ExxonMobil finance arms.
07
CBRE Group, Dallas HQ, world's largest commercial real estate services firm with finance division employing 5,000 locally.
08
Nationstar Mortgage (Mr. Cooper), Dallas-based, services $1 trillion in loans with 7,000 employees.
09
Hollyfrontier Corp (finance ops in Dallas) has 4,500 employees in energy finance.
10
Affiliated Bank, Dallas-based community bank, manages $2.5B assets with 300 employees.
11
Texas Capital Bank HQ in Dallas, $38B assets, 1,800 employees in commercial banking.
12
Comerica Bank has major operations in Dallas with 1,200 local employees in retail banking.
13
Fidelity Investments Dallas campus employs 2,500 in wealth management services.
14
Charles Schwab's Westlake campus (Dallas area) has 5,000 employees post-TD Ameritrade merger.
15
Alkami Technology, Dallas fintech, serves 18M users with 800 employees.
16
Encompass Health (finance in Dallas) has 1,000 local finance staff.
17
Southwest Airlines HQ Dallas finance team manages $25B revenue with 2,000 staff.
18
AT&T finance division in Dallas employs 3,500 in telecom financial services.
19
Dean Foods (finance ops Dallas) had 1,200 employees pre-bankruptcy in dairy finance.
20
MoneyGram International HQ Dallas, global payments with 1,400 employees.
21
The Dallas Fed supervises 450+ financial institutions in the Eleventh District.
22
150+ fintech startups in Dallas area as of 2023, per Dallas Innovates.
23
North Dallas Bank manages $1.2B assets with 200 branches/employees.
24
Veritex Community Bank, Dallas HQ, $12B assets, 800 employees.
25
Inwood Bank, family-owned Dallas bank, $2B assets, 250 staff.
26
Dallas financial services firms host 50+ major conferences annually.
27
Frost Bank Dallas region has 1,500 employees serving $50B assets.
Interpretation
Major Companies and Institutions Interpretation
Dallas isn't just ranches and oil barons anymore; it's a sprawling financial metropolis where giants like JPMorgan and Goldman Sachs mingle with homegrown powerhouses managing trillions, proving that the biggest things in Texas now are often balance sheets.
Reference
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APA
David Sutherland. (2026, February 13). Dallas Financial Services Industry Statistics. Gitnux. https://gitnux.org/dallas-financial-services-industry-statistics
MLA
David Sutherland. "Dallas Financial Services Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/dallas-financial-services-industry-statistics.
Chicago
David Sutherland. 2026. "Dallas Financial Services Industry Statistics." Gitnux. https://gitnux.org/dallas-financial-services-industry-statistics.
Sources & references
83 datasets cited across this report