
Top 30 Companies by Revenue, 2026
Largest Companies in the World by Revenue: Top 30, 2026 Edition
Revenue measures the total sales or operating income a company reports before expenses are deducted. It is the clearest single indicator of corporate scale: how much economic activity flows through a business in a year. Revenue is not adjusted for inflation in this ranking, and fiscal-year timing differs by company. It is not the same as profit, market capitalization or brand value. A retailer, oil producer or commodity trader can generate enormous revenue with thin margins, while a technology company can produce lower revenue but far higher profit per dollar of sales.
The 2026 edition uses the most recent annual revenue figures available at publication time, mainly fiscal 2024 and fiscal 2025 disclosures, with companies ranked in U.S. dollars. The ranking helps readers compare the scale of global corporations across retail, energy, healthcare, technology, finance, automotive, construction, commodities and telecommunications.
Fortune Global 500 scale. The largest 500 corporations generated about $41.7 trillion in revenue in the latest Fortune Global 500 cycle, showing how concentrated corporate sales are among a small group of global giants.
High revenue often comes from volume. Retail chains, oil companies, utilities and commodity traders rank very high because they move huge quantities of goods or energy, even when margins are modest.
The top of the list is geographically concentrated. The United States leads in retail, technology, healthcare and finance; China is especially visible in energy, banking, infrastructure and industrial groups.
Scale is not the same as quality. A company with lower revenue can be more profitable, more innovative or more valuable on the stock market than a larger low-margin business.
Top 10 companies by revenue
The top 10 is led by mass retail, e-commerce, energy, healthcare and investment-heavy conglomerates. These companies sit at the center of global consumer spending, energy supply, health insurance, logistics, cloud infrastructure and capital allocation.
Walmart
United States · Retail $681.0B revenueGlobal grocery, general merchandise, warehouse clubs and e-commerce give Walmart unmatched sales volume.
Amazon
United States · Retail / Technology $638.0B revenueAmazon combines marketplace sales, first-party retail, cloud services, advertising, subscriptions and logistics.
State Grid
China · Energy / Utilities $545.9B revenueChina’s national power-grid giant reflects the scale of electricity transmission and distribution in the world’s second-largest economy.
Saudi Aramco
Saudi Arabia · Energy $480.4B revenueAramco remains one of the world’s largest oil producers and a central company in global energy markets.
China National Petroleum
China · Energy $476.0B revenueCNPC’s revenue reflects upstream production, refining, distribution and China’s huge domestic energy demand.
Sinopec Group
China · Energy $429.7B revenueSinopec’s position is driven by refining, petrochemicals, fuel retail and industrial demand across China.
UnitedHealth Group
United States · Healthcare $400.3B revenueInsurance, pharmacy benefit management, care delivery and health services make it the largest healthcare company by revenue.
Apple
United States · Technology $391.0B revenueApple’s sales come from iPhone, Mac, iPad, wearables and a fast-growing services ecosystem.
CVS Health
United States · Healthcare $372.8B revenueRetail pharmacy, insurance and healthcare services create one of the largest integrated health platforms in the world.
Berkshire Hathaway
United States · Financials / Conglomerate $371.4B revenueBerkshire’s ranking reflects insurance, railroads, utilities, manufacturing, retail and a broad investment portfolio.
Chart: Top 20 companies by revenue
The largest gaps are at the very top. Walmart and Amazon sit ahead of most other global corporations because both combine massive consumer-facing sales with logistics and digital commerce scale.
Chart values are rounded to one decimal place in USD billions. The bars below provide a quick visual comparison of the leading companies.
Top 30 companies by revenue
The table ranks 30 global companies by the latest disclosed annual revenue, rounded to one decimal place. Revenue is not adjusted for inflation, fiscal years differ by company, and private-company figures rely on published benchmark rankings or company disclosures where available.
| Rank | Company | Country | Revenue |
|---|---|---|---|
| 1 | Walmart | United States | $681.0B |
| 2 | Amazon | United States | $638.0B |
| 3 | State Grid | China | $545.9B |
| 4 | Saudi Aramco | Saudi Arabia | $480.4B |
| 5 | China National Petroleum | China | $476.0B |
| 6 | Sinopec Group | China | $429.7B |
| 7 | UnitedHealth Group | United States | $400.3B |
| 8 | Apple | United States | $391.0B |
| 9 | CVS Health | United States | $372.8B |
| 10 | Berkshire Hathaway | United States | $371.4B |
| 11 | Alphabet | United States | $350.0B |
| 12 | Volkswagen Group | Germany | $348.4B |
| 13 | Exxon Mobil | United States | $344.6B |
| 14 | Vitol | Switzerland | $331.0B |
| 15 | Shell | United Kingdom | $323.2B |
| 16 | China State Construction Engineering | China | $320.4B |
| 17 | Toyota Motor | Japan | $312.0B |
| 18 | McKesson | United States | $309.0B |
| 19 | Microsoft | United States | $281.7B |
| 20 | Cencora | United States | $262.2B |
| 21 | Costco Wholesale | United States | $254.5B |
| 22 | Trafigura Group | Singapore | $244.3B |
| 23 | JPMorgan Chase | United States | $239.4B |
| 24 | Cardinal Health | United States | $226.8B |
| 25 | Industrial and Commercial Bank of China | China | $222.5B |
| 26 | TotalEnergies | France | $218.9B |
| 27 | Glencore | Switzerland | $217.8B |
| 28 | BP | United Kingdom | $213.0B |
| 29 | Stellantis | Netherlands | $204.9B |
| 30 | Chevron | United States | $200.9B |
Data basis: latest annual reports, company investor-relations disclosures, SEC filings where applicable, Fortune Global 500 methodology and other major corporate revenue rankings. Values are rounded to USD billions. Share mode shows each company’s share of revenue within this Top 30 list, not within all global corporate revenue.
Methodology
StatRanker compiled this ranking from consolidated annual revenue reported at parent-company level. Revenue is shown in U.S. dollars and rounded to one decimal place in billions. For U.S.-listed companies, annual reports and SEC filings are the preferred source. For non-U.S. companies, the ranking uses annual reports, investor-relations releases and Fortune Global 500 and other major revenue rankings where revenue is already converted into U.S. dollars.
The 2026 label reflects the edition year, not a completed 2026 fiscal year. Most figures correspond to fiscal 2024 or fiscal 2025 reporting periods available by April 2026. Fiscal-year timing differs by company: retailers, automakers, banks and energy groups often close their financial years on different dates. Where reported revenue is in euros, yuan, yen, francs or other currencies, U.S. dollar comparability depends on the exchange-rate convention used by the source.
Companies are ranked by parent-company revenue, not by brand revenue. Subsidiaries are not counted separately when their sales are consolidated into a parent group. State-owned enterprises are included when comparable public financial data exists. Financial companies require extra care because revenue definitions can differ from industrial companies, especially for banks, insurers and investment groups. Commodity traders and privately held firms are included only where reliable published benchmark figures or company disclosures are available.
The main limitation is that revenue is a scale metric. It says how much money flows through the company, but it does not measure profit quality, debt risk, capital efficiency, customer concentration or stock-market value. Revenue can also differ by accounting treatment: gross revenue, net revenue, interest income, insurance premiums and commodity pass-through sales are not always comparable across sectors. For financial analysis, revenue should be combined with operating profit, free cash flow, margins, leverage and return on capital.
Insights from the ranking
- Retailers dominate because of transaction volume. Walmart, Amazon, Costco and other retailers process enormous consumer spending, but their margins can be much thinner than those of software or luxury companies.
- Energy remains a scale giant. Oil, gas, power-grid and refining companies occupy many top positions because the global economy still depends heavily on energy flows, fuel distribution and industrial inputs.
- Technology is powerful in a different way. Apple, Alphabet, Microsoft, Samsung and Nvidia may not always outrank commodity or retail groups by revenue, but they often produce higher margins and stronger market valuations.
- China’s large enterprises are structurally different. Chinese energy, banking, construction and infrastructure groups are often tied to national-scale investment systems, which makes direct comparison with private U.S. firms less straightforward.
- Revenue rankings favor low-margin sectors. A business that sells fuel, groceries or vehicles may rank above a more profitable software firm because the ranking measures sales volume rather than earnings power.
What this ranking means for readers
For investors, the ranking is a map of corporate scale, not a buy list. A very large company can still have weak margins, high debt, slow growth or heavy exposure to commodity prices. For job seekers, the list highlights major global employers and corporate ecosystems. For business owners, it shows which companies shape supply chains, procurement standards, logistics networks and customer expectations.
For policy and economic readers, the ranking reveals where corporate power is concentrated. The largest revenue pools sit in the United States, China, Europe and Japan, with smaller but important representation from the Middle East, Latin America, India and Southeast Asia.
FAQ
Is the biggest company by revenue also the most valuable company?
No. Revenue measures annual sales. Market capitalization measures what investors think the company is worth. Technology companies often rank higher by market value than by revenue because their margins and growth expectations are stronger.
Why do retailers rank so high?
Retailers sell huge volumes of goods every day. Grocery, household products, e-commerce and warehouse-club sales create enormous turnover, even when profit per dollar of revenue is relatively low.
Why are oil and gas companies still near the top?
Energy companies handle globally traded commodities with very large dollar values. Oil prices, refining margins, gas demand and power-grid activity can push annual revenue into the hundreds of billions.
Can a smaller company be financially stronger than a larger one?
Yes. A company with lower revenue can have better margins, stronger free cash flow, lower debt, better technology or a higher return on capital. Revenue is only one dimension of corporate strength.
Why are banks and insurers hard to compare with manufacturers?
Financial companies report income differently from industrial firms. Interest income, premiums, investment gains and accounting rules can make their revenue less directly comparable with sales of cars, groceries, fuel or software.
Why does a 2026 ranking use 2024 or 2025 fiscal data?
Complete 2026 annual reports are not available during most of 2026. A 2026 edition uses the latest published annual accounts and benchmark rankings available at publication time.
Can currency movements change the ranking?
Yes. Companies reporting in euros, yuan, yen, pounds or francs can move up or down when results are converted into U.S. dollars. This is especially important for European, Chinese and Japanese companies.
Sources
Primary global benchmark for ranking corporations by total revenue across countries and industries; useful for fiscal-year revenue comparisons.
https://fortune.com/ranking/global500/2025/Audited 10-K and 20-F filings for U.S.-listed companies and foreign issuers with U.S. reporting obligations.
https://www.sec.gov/edgarPrimary source for consolidated revenue, segment reporting, fiscal-year timing and accounting notes. Company investor-relations pages are preferred where available; AnnualReports is a secondary archive for locating reports.
https://www.annualreports.com/Useful for understanding how currency conversion affects international company comparisons.
https://data.worldbank.org/indicator/PA.NUS.FCRF