DBT Bureau
Pune, 8 June 2026
Fortune announced the Fortune 500™ ranking for 2026, the 72nd year of the iconic annual list of the largest corporations in the United States, ranked by revenue for the 2025 fiscal year.
Amazon has dethroned Walmart as No. 1 on the Fortune 500, ending the retailer’s 13-year reign atop the list. The e-commerce and cloud giant surpassed $700 billion in revenue in 2025 with a 12% year-over-year jump, marking a stunning rise for a company that debuted at No. 492 just over two decades ago.
While Walmart fell to No. 2 for the first time since 2012, Alphabet moved up two spots to No. 5 on the Fortune 500 and repeated as “most profitable company,” eclipsing the $100 billion profit mark for the second year in a row. The company’s $132 billion earnings figure is a record for a Fortune 500 company. UnitedHealth Group repeated at the No. 3 spot on the Fortune 500, the biggest health care company on the list. The top ten Fortune 500 companies each generated more than $320 billion in annual revenue and combined for a total of $4.5 trillion.
In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $21.0 trillion (up 5%) in revenues, $2.1 trillion (up 12%) in profits, and $55 trillion (up 19%) in market value, while employing 30.5 million people worldwide. The revenue threshold for making the Fortune 500 list was $7.5 billion this year, up 5% from a year ago.
THE TOP TEN COMPANIES ON THE 2026 FORTUNE 500 LIST ARE:
- Amazon
- Walmart
- UnitedHealth Group
- Apple
- Alphabet
- CVS Health
- Berkshire Hathaway
- McKesson
- Exxon Mobil
- Cencora
Financial companies led all sectors with 95 companies (up two from last year), and together the companies generated $4.1 trillion in revenue (up 7%) and earned more than $474 billion (up 3%) in profits last year. The healthcare sector generated a combined $3.6 trillion in revenue and accounted for eight companies in the top 25 ranked Fortune 500 companies. Twelve companies made their debut on the Fortune 500 this year, including Galaxy Digital (No. 76), Medline (No. 159), Amentum Holdings (No. 313), Venture Global (No. 328), and Arista Networks (No. 444). Carvana (No. 220) made the biggest leap on this year’s Fortune 500, moving up 94 spots from last year with 49% growth in revenue.
Nvidia (No. 16) became the first $4 trillion dollar Fortune 500 company and moved past Apple to claim the most valuable company title. It debuted on the list at No. 387 in 2017.
Fifty-five Fortune 500 companies are led by women in 2026, representing 11% of the list. Among them are some of the most recognized names in the business, including Fortune’s Most Powerful Woman, Jane Fraser of Citigroup (No. 24); Mary Barra of General Motors (No. 23), Carol Tomé of UPS (No. 48), Tricia Griffith of Progressive (No. 51); Phebe Novakovic of General Dynamics (No. 91), Thasunda Brown Duckett of TIAA (No. 94); and Sarah London of Centene (No. 19). Elevance Health (No. 18) is the highest ranked Fortune 500 company run by a female CEO; Gail Boudreaux has been its leader since 2017.
This year’s Fortune 500 companies are headquartered in 229 cities across 39 states. Texas leads all states with 57 companies and the most combined revenue at $2.8 trillion. California (56 companies) and New York (53 companies) follow close behind, but California dominates on nearly every other measure: its Fortune 500 companies are the most profitable ($647 billion), most valuable ($20 trillion), and employ more people than any other state (2.8 million workers). At the city level, New York City tops the list with 43 companies, followed by Houston (25), Chicago (14), Atlanta (13), and Dallas (11).
Source: Fortune Media Release
