Fortune Global 500
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The Fortune Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine.
Methodology
Until 1989, it listed only non–United States industrial corporations under the title "International 500" while the Fortune 500 contained and still contains exclusively United States corporations. In 1990, United States companies were added to compile a truly global list of top industrial corporations as ranked by sales. Since 1995, the list has had its current form, listing also top financial corporations and service providers by revenue.
Several inconsistencies exist in Fortune's ranking of cities with the most Fortune 500 headquarters. On June 3, 2011, the Atlanta Business Chronicle stated examples of Fortune including regional headquarters for some cities, excluding regional headquarters for other cities and in some cases excluding headquarters that are physically located inside a city limit.
Geographical distribution
Since 2001, there has been significant change in the geographical distribution of the companies in the Global 500 rankings. Most of this growth is accounted for by a rapid increase in the number of Chinese Global 500 companies, of which there were 135 by 2021, increasing from only 10 in 2001. The share of European-based companies declined, from 158 to 143, over the same period.
Fortune Global 500 list of 2024
The following is the list of Top 10 companies in 2024:
| Rank | Company | Country | Industry | Revenue in USD |
|---|---|---|---|---|
| 1 | Walmart | United States | Retail | $648.1 billion |
| 2 | Amazon | United States | Internet services and retailing | $574.20 billion |
| 3 | State Grid | China | Energy | $545.8 billion |
| 4 | Saudi Aramco | Saudi Arabia | Energy | $494.9 billion |
| 5 | Sinopec Group | China | Petroleum | $429.7 billion |
| 6 | China National Petroleum | China | Petroleum | $421.7 billion |
| 7 | Apple | United States | Technology | $383.3 billion |
| 8 | UnitedHealth Group | United States | Health care | $371.6 billion |
| 9 | Berkshire Hathaway | United States | Financials | $364.5 billion |
| 10 | CVS Health | United States | Health care | $357.8 billion |
Breakdown by country/territory
These are the Top 10 countries/territories with the highest revenues from the Top 500 companies as of August 2024:
| Rank | Country | Companies |
|---|---|---|
| 1 | United States | 139 |
| 2 | China | 128 |
| 3 | Japan | 40 |
| 4 | France | 30 |
| 5 | Germany | 29 |
| 6 | United Kingdom | 17 |
| 7 | South Korea | 15 |
| 8 | Canada | 14 |
| 9 | Switzerland | 11 |
| 10 | Netherlands | 11 |
Leadership by sector
The following are the top-ranked companies in 2024 for each sector:
Fortune Global 500 list of 2023
The following is the list of Top 10 companies in 2023:
| Rank | Company | Country | Industry | Revenue in USD |
|---|---|---|---|---|
| 1 | Walmart | United States | Retail | $612.3 billion |
| 2 | Saudi Aramco | Saudi Arabia | Energy | $603.7 billion |
| 3 | State Grid | China | Energy | $530.0 billion |
| 4 | Amazon | United States | Internet services and retailing | $514.0 billion |
| 5 | China National Petroleum | China | Petroleum | $483.1 billion |
| 6 | Sinopec Group | China | Petroleum | $471.2 billion |
| 7 | ExxonMobil | United States | Petroleum | $413.7 billion |
| 8 | Apple | United States | Technology | $394.3 billion |
| 9 | Shell | United Kingdom | Petroleum | $386.2 billion |
| 10 | UnitedHealth Group | United States | Health care | $324.2 billion |
Breakdown by country/territory
These are the Top 10 countries/territories with the highest revenues from the Top 500 companies as of August 2023:
| Rank | Country | Companies |
|---|---|---|
| 1 | United States | 136 |
| 2 | China | 135 |
| 3 | Japan | 41 |
| 4 | Germany | 30 |
| 5 | France | 24 |
| 6 | South Korea | 18 |
| 7 | United Kingdom | 15 |
| 8 | Canada | 14 |
| 9 | Switzerland | 11 |
| 10 | Netherlands | 10 |
Breakdown by region
As of August 2023[update], 28 (6%) of the Fortune Global 500 companies are located outside East Asia, North America, and Europe:
| Region | Companies | Global share |
|---|---|---|
| East Asia | 208 | 42% |
| North America | 153 | 31% |
| Europe | 118 | 24% |
| Rest of world | 21 | 4% |
Leadership by sector
The following are the top-ranked companies in 2023 for each sector:
Fortune Global 500 list of 2022
The following is the list of Top 10 companies in 2022:
| Rank | Company | Country | Industry | Revenue in USD |
|---|---|---|---|---|
| 1 | Walmart | United States | Retail | $572.8 billion |
| 2 | Amazon | United States | Internet Services and Retailing | $469.8 billion |
| 3 | State Grid | China | Energy | $460.6 billion |
| 4 | China National Petroleum | China | Petroleum | $411.7 billion |
| 5 | Sinopec Group | China | Petroleum | $401.3 billion |
| 6 | Saudi Aramco | Saudi Arabia | Energy | $400.4 billion |
| 7 | Apple | United States | Technology | $365.8 billion |
| 8 | Volkswagen | Germany | Automobiles | $295.8 billion |
| 9 | China State Construction Engineering | China | Construction & Engineering | $293.7 billion |
| 10 | CVS Health | United States | Health care | $292.1 billion |
Breakdown by country
These are the Top 10 countries with the highest revenues from the Top 500 companies as of August 2022:
| Rank | Country | Companies |
|---|---|---|
| 1 | China | 145 |
| 2 | United States | 124 |
| 3 | Japan | 47 |
| 4 | Germany | 28 |
| 5 | France | 25 |
| 6 | United Kingdom | 18 |
| 7 | South Korea | 16 |
| 8 | Switzerland | 14 |
| 9 | Canada | 12 |
| 10 | Netherlands | 11 |
Breakdown by region
As of August 2022[update], 26 (5%) of the Fortune Global 500 companies are located outside East Asia, North America, and Europe:
| Region | Companies | Global share |
|---|---|---|
| East Asia | 208 | 42% |
| North America | 138 | 28% |
| Europe | 128 | 26% |
| Rest of world | 26 | 5% |
Leadership by sector
The following are the top-ranked companies in 2022 for each sector:
Fortune Global 500 list of 2021
The following is the list of Top 10 companies:
| Rank | Company | Country | Industry | Revenue in USD |
|---|---|---|---|---|
| 1 | Walmart | United States | Retail | $559.1 billion |
| 2 | State Grid | China | Energy | $386.6 billion |
| 3 | Amazon | United States | Internet Services and Retailing | $386 billion |
| 4 | China National Petroleum | China | Petroleum | $283.9 billion |
| 5 | Sinopec Group | China | Petroleum | $283.7 billion |
| 6 | Apple | United States | Technology | $274.5 billion |
| 7 | CVS Health | United States | Health care | $268.7 billion |
| 8 | UnitedHealth Group | United States | Health care | $257.1 billion |
| 9 | Toyota Motor | Japan | Automobiles | $256.7 billion |
| 10 | Volkswagen | Germany | Automobiles | $253.9 billion |
Breakdown by country
As of August 2021[update], this is the list of the Top 10 countries with the highest revenues Top 500 companies:
| Rank | Country | Companies |
|---|---|---|
| 1 | China | 135 |
| 2 | United States | 122 |
| 3 | Japan | 53 |
| 4 | France | 28 |
| 5 | Germany | 27 |
| 6 | United Kingdom | 22 |
| 7 | South Korea | 15 |
| 8 | Switzerland | 13 |
| 9 | Canada | 12 |
| 10 | Netherlands | 11 |
Breakdown by region
As of August 2021[update], just 21 (4%) of the Fortune Global 500 companies are located outside East Asia, North America, and Europe:
| Region | Companies | Global share |
|---|---|---|
| East Asia | 211 | 42% |
| North America | 136 | 27% |
| Europe | 132 | 26% |
| Rest of world | 21 | 4% |
Fortune Global 500 list of 2020
The following is the list of Top 10 companies:
| Rank | Company | Country | Industry | Revenue in USD |
|---|---|---|---|---|
| 1 | Walmart | United States | Retail | $524 billion |
| 2 | Sinopec Group | China | Petroleum | $407 billion |
| 3 | State Grid | China | Energy | $384 billion |
| 4 | China National Petroleum | China | Petroleum | $379 billion |
| 5 | Royal Dutch Shell | Netherlands / United Kingdom | Petroleum | $352 billion |
| 6 | Saudi Aramco | Saudi Arabia | Energy | $330 billion |
| 7 | Volkswagen | Germany | Automobiles | $283 billion |
| 8 | BP | United Kingdom | Petroleum | $283 billion |
| 9 | Amazon.com | United States | Internet Services and Retailing | $281 billion |
| 10 | Toyota Motor | Japan | Automobiles | $275 billion |
Breakdown by country
As of August 2020[update], this is the list of the Top 10 countries with the highest earning Top 500 companies:
| Rank | Country | Companies |
|---|---|---|
| 1 | China | 124 |
| 2 | United States | 121 |
| 3 | Japan | 53 |
| 4 | France | 31 |
| 5 | Germany | 27 |
| 6 | United Kingdom ‡ | 22 |
| 7 | South Korea | 14 |
| 8 | Switzerland | 14 |
| 9 | Canada | 13 |
| 10 | Netherlands ‡ | 13 |
‡ The Global 500 includes Unilever under the heading "Britain/Netherlands", as the company is counted in the tally for both countries.
Leadership by sector
The following are the top-ranked companies in 2020 for each sector:
Breakdown by region
As of August 2020[update], just 24 (5%) of the Fortune Global 500 companies are located outside East Asia, North America, and Europe:
| Region | Companies | Global share |
|---|---|---|
| East Asia | 200 | 40% |
| Europe | 138 | 28% |
| North America | 138 | 28% |
| Rest of world | 24 | 5% |
Fortune Global 500 list of 2019
The following is the list of Top 10 companies:
| Rank | Company | Country | Industry | Revenue in USD |
|---|---|---|---|---|
| 1 | Walmart | United States | Retail | $514 billion |
| 2 | Sinopec Group | China | Petroleum | $415 billion |
| 3 | Royal Dutch Shell | Netherlands United Kingdom | Petroleum | $397 billion |
| 4 | China National Petroleum | China | Petroleum | $393 billion |
| 5 | State Grid | China | Energy | $387 billion |
| 6 | Saudi Aramco | Saudi Arabia | Energy | $356 billion |
| 7 | BP | United Kingdom | Petroleum | $304 billion |
| 8 | Exxon Mobil | United States | Petroleum | $290 billion |
| 9 | Volkswagen | Germany | Automobiles | $278 billion |
| 10 | Toyota Motor | Japan | Automobiles | $273 billion |
Breakdown by country
As of July 2019[update], this is the list of the Top 10 countries with the most Global 500 companies:
| Rank | Country | Companies |
|---|---|---|
| 1 | United States | 121 |
| 2 | China | 119 |
| 3 | Japan | 52 |
| 4 | France | 31 |
| 5 | Germany | 29 |
| 6 | United Kingdom ‡ | 18 |
| 7 | South Korea | 16 |
| 8 | Switzerland | 14 |
| 9 | Canada | 13 |
| 10 | Netherlands ‡ | 12 |
‡ The Global 500 includes Unilever & Royal Dutch Shell under the heading "Britain/Netherlands", as the company is counted in the tally for both countries.
Leadership by sector
The following are the top-ranked companies in 2019 for each sector:
Fortune Global 500 list of 2018
The following is the list of Top 10 companies:
| Rank | Company | Country | Industry | Revenue in USD |
|---|---|---|---|---|
| 1 | Walmart | United States | Retail | $500 billion |
| 2 | State Grid | China | Energy | $349 billion |
| 3 | Sinopec Group | China | Petroleum | $327 billion |
| 4 | China National Petroleum | China | Petroleum | $326 billion |
| 5 | Royal Dutch Shell | Netherlands United Kingdom | Petroleum | $312 billion |
| 6 | Toyota Motor | Japan | Automobiles | $265 billion |
| 7 | Volkswagen | Germany | Automobiles | $260 billion |
| 8 | BP | United Kingdom | Petroleum | $245 billion |
| 9 | Exxon Mobil | United States | Petroleum | $244 billion |
| 10 | Berkshire Hathaway | United States | Holding | $242 billion |
Breakdown by country
As of July 2018[update], this is the list of the Top 10 countries with the most Global 500 companies:
| Rank | Country | Companies |
|---|---|---|
| 1 | United States | 126 |
| 2 | China | 120 |
| 3 | Japan | 52 |
| 4 | Germany | 32 |
| 5 | France | 28 |
| 6 | United Kingdom † | 21 |
| 7 | South Korea | 16 |
| 8 | Netherlands † | 15 |
| 9 | Switzerland | 14 |
| 10 | Canada | 12 |
† The Global 500 includes Unilever under the heading "Britain/Netherlands", as the company is counted in the tally for both countries.
As shown in the table above, 436 (87.2%) of the Global 500 are represented by only 10 countries: two in North America (Canada and United States), five in Western Europe (France, Germany, Netherlands, Switzerland and the United Kingdom) and three in East Asia (China, Japan and South Korea). Moreover, the top six (United States, China, Japan, Germany, France and the United Kingdom) are the world's largest economies as estimated by the IMF (List of countries by GDP (nominal)). Among the Global 500, 379 companies (75.8%) are from these six countries.
Leadership by sector
The following are the top-ranked companies in 2018 for each sector:
Breakdown by industry
The following are the top-ranked companies in 2018 for each industry:
| Industry | Company | Country | Rank | Revenue ($M) |
|---|---|---|---|---|
| Aerospace & Defense | Boeing | United States United States | 64 | 93,392 |
| Airlines | American Airlines | United States United States | 260 | 42,207 |
| Apparel | Christian Dior | France France | 208 | 49,221 |
| Banks: Commercial & Savings | Industrial & Commercial Bank | China China | 26 | 153,021 |
| Beverages | Anheuser-Busch InBev | Belgium Belgium | 170 | 56,444 |
| Building Materials, Glass | Saint-Gobain | France France | 231 | 46,002 |
| Chemicals | BASF | Germany Germany | 112 | 72,677 |
| Computer Software | Microsoft | United States United States | 71 | 89,950 |
| Computers, Office Equipment | Apple | United States United States | 11 | 229,234 |
| Construction & Farm Machinery | Caterpillar | United States United States | 238 | 45,462 |
| Diversified Financials | EXOR Group | Netherlands Netherlands | 19 | 161,677 |
| Electronics, Electrical Equipment | Samsung Electronics | South Korea South Korea | 12 | 211,940 |
| Energy | Gazprom | Russia Russia | 49 | 111,983 |
| Engineering & Construction | China Construction Engineering | China China | 23 | 156,071 |
| Entertainment | Disney | United States United States | 176 | 55,137 |
| Food & Drug Stores | Kroger | United States United States | 39 | 122,662 |
| Food Consumer Products | Nestle | Switzerland Switzerland | 69 | 91,222 |
| Food Production | Archer Daniels Midland | United States United States | 152 | 60,828 |
| Food Services | Compass Group | United Kingdom United Kingdom | 413 | 28,578 |
| General Merchandisers | Walmart | United States United States | 1 | 500,343 |
| Health Care: Insurance & Managed Care | UnitedHealth Group | United States United States | 15 | 201,159 |
| Health Care: Medical Facilities | HCA Healthcare | United States United States | 215 | 47,653 |
| Health Care: Pharmacy & Other Services | CVS Health | United States United States | 17 | 184,765 |
| Household & Personal Products | Procter & Gamble | United States United States | 135 | 66,217 |
| Human Resources & Employment Services | Adecco Group | Switzerland Switzerland | 441 | 26,670 |
| Industrial Machinery | General Electric | United States United States | 41 | 122,274 |
| Information Technology Services | IBM | United States United States | 92 | 79,139 |
| Insurance: Life, Health (Mutual) | Nippon Life Insurance | Japan Japan | 126 | 68,684 |
| Insurance: Life, Health (Stock) | AXA | France France | 27 | 149,461 |
| Insurance: Property & Casualty (Mutual) | State Farm Insurance | United States United States | 95 | 78,331 |
| Insurance: Property & Casualty (Stock) | Berkshire Hathaway | United States United States | 10 | 242,137 |
| Internet Services & Retailing | Amazon.com | United States United States | 18 | 177,866 |
| Mail, Package, & Freight Delivery | China Post Group | China China | 113 | 72,197 |
| Medical Products & Equipment | Medtronic | Republic of Ireland Ireland | 396 | 29,710 |
| Metals | China Minmetals | China China | 109 | 72,997 |
| Mining, Crude-Oil Production | Glencore | Switzerland Switzerland | 14 | 205,476 |
| Motor Vehicles & Parts | Toyota Motor | Japan Japan | 6 | 265,172 |
| Network & Other Communications Equipment | Huawei Investment & Holding | China China | 72 | 89,311 |
| Oil & Gas Equipment, Services | Schlumberger | United States United States | 386 | 30,440 |
| Petroleum Refining | Sinopec Group | China China | 3 | 326,953 |
| Pharmaceuticals | China Resources | China China | 86 | 82,184 |
| Pipelines | Energy Transfer Equity | United States United States | 217 | 47,487 |
| Railroads | Deutsche Bahn | Germany Germany | 211 | 48,124 |
| Real Estate | China Evergrande Group | China China | 230 | 46,019 |
| Semiconductors & Other Electronic Components | Intel | United States United States | 146 | 62,761 |
| Shipping | China Shipbuilding Industry | China China | 245 | 44,431 |
| Specialty Retailers | Home Depot | United States United States | 57 | 100,904 |
| Telecommunications | AT&T | United States United States | 20 | 160,546 |
| Textiles | Shandong Weiqiao Pioneering | China China | 185 | 53,203 |
| Tobacco | Philip Morris International | United States United States | 411 | 28,748 |
| Trading | Trafigura Group | Singapore Singapore | 32 | 136,421 |
| Utilities | State Grid | China China | 2 | 348,903 |
| Wholesalers: Electronics & Office Equipment | Tech Data | United States United States | 315 | 36,775 |
| Wholesalers: Food & Grocery | Sysco | United States United States | 174 | 55,371 |
| Wholesalers: Health Care | McKesson Corporation | United States United States | 13 | 208,357 |
Most profitable
The following is the Global 500 list sorted by profits:
| Rank | Company | Country | Profits ($M) |
|---|---|---|---|
| 1 | Apple | United States United States | $48,351.0 |
| 2 | British American Tobacco | United Kingdom United Kingdom | $48,327.8 |
| 3 | Berkshire Hathaway | United States United States | $44,940.0 |
| 4 | Industrial & Commercial Bank of China | China China | $42,323.7 |
| 5 | Samsung Electronics | South Korea South Korea | $36,575.4 |
| 6 | China Construction Bank | China China | $35,845.2 |
| 7 | Verizon | United States United States | $30,101.0 |
| 8 | AT&T | United States United States | $29,450.0 |
| 9 | Agricultural Bank of China | China China | $28,550.4 |
| 10 | Bank of China | China China | $25,509.2 |
Fortune Global 500 list of 2017
The following is the list of Top 10 companies:
| Rank | Company | Country | Industry | Revenue in USD |
|---|---|---|---|---|
| 1 | Walmart | United States | Retail | $486 billion |
| 2 | State Grid | China | Energy | $316 billion |
| 3 | Sinopec Group | China | Petroleum | $268 billion |
| 4 | China National Petroleum | China | Petroleum | $263 billion |
| 5 | Toyota Motor | Japan | Automobiles | $255 billion |
| 6 | Volkswagen | Germany | Automobiles | $240 billion |
| 7 | Royal Dutch Shell | Netherlands † | Petroleum | $240 billion |
| 8 | Berkshire Hathaway | United States | Products | $242 billion |
| 9 | Apple | United States | Technology | $216 billion |
| 10 | Exxon Mobil | United States | Petroleum | $205 billion |
† Fortune had previously listed Shell as a British/Dutch company, but as of the 2016 listing it is listed as Dutch.
Breakdown by country
As of November 2017[update], this is the list of the Top 10 countries with the most Global 500 companies:
| Rank | Country | Companies |
|---|---|---|
| 1 | United States | 133 |
| 2 | China | 109 |
| 3 | Japan | 51 |
| 4 | France | 29 |
| 5 | Germany | 29 |
| 6 | United Kingdom † | 21 |
| 7 | South Korea | 15 |
| 8 | Netherlands † | 15 |
| 9 | Switzerland | 13 |
† The Global 500 includes Unilever under the heading "Britain/Netherlands", as the company is counted in the tally for both countries.
As can be seen from the table above, 425 (85.0%) of the Global 500 are represented by only 10 countries: two in North America (Canada and United States), five in Western Europe (France, Germany, Netherlands, Switzerland, and the United Kingdom) and three in East Asia (China, Japan and South Korea). Moreover, the top six (United States, China, Japan, France, Germany, and the United Kingdom) are some of the world's largest economies as estimated by the IMF (List of countries by GDP (nominal)). Among the Fortune Global 500, 371 companies (74.2%) are from these six countries.
Leadership by sector
The top-ranked companies in each sector are as follows:
See also
- 40 Under 40
- Fortune India 500
- Forbes Global 2000
- Fortune 500
- Fortune 1000
- List of largest companies by revenue
- List of largest employers
- List of public corporations by market capitalization