The largest companies in the world are getting bigger. Global Finance has selected three of the most respected and renowned rankings of company size—the Fortune Global 500, Forbes Global 2000 and PwC Global Top 100—to provide a comprehensive picture of which global brands are the biggest.

Author: Luca Ventura
Project Coordinator: B Pham
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Fortune Global 500 list is based on the companies' fiscal year ended on or before March 31, 2018. The 500 largest companies ranked by revenues beat performance records in 2017, with combined revenues of $30 trillion, up from $27.7 trillion in 2016, and profits soaring to $1.9 trillion from $1.5 trillion the year before. The 500 top companies also reached together an all-time high profit of $1.88 trillion, a 23% year-over-year increase.

A record 120 Chinese companies—22 of which are in the top 100—made the list, up from 115 in the year before and only six places fewer than the US. Chinese firms also make up three of the world’s five biggest corporations.

Overall, the top 10 countries with the most Global 500 companies are the US (126), China (120), Japan (52), Germany (32), France (28), UK (21), South Korea (16), Netherlands (15), Switzerland (14) and Canada (12). Together these countries host 87.2% of the ranking.

Forbes Global 2000 is a comprehensive list of the world’s largest and most powerful public companies as measured by revenues, profits, assets and market value. A composite score is achieved by weighting each of the four numbers equally as of May 11, 2018 closing prices, all common shares outstanding included. 

This year, China and the U.S. split the top 10 in Forbes Global 2000 ranking. China together with Hong Kong are home to 291 Global 2000 companies, up from 262 in 2017. On the inaugural list in 2003, there were just 43 companies from China-Hong Kong. 

The US still dominates in terms of the amount of companies listed, boasting 560 firms which make almost 30% of the total. Meanwhile, Japan, the United Kingdom and South Korea constituted the top five countries with the most companies.

In total, publicly-traded companies from 60 countries are included in the Forbes Global 2000, accounting collectively for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value. All metrics are up double-digits year-over-year, with average profits up an impressive 28%.

PwC Global Top 100 ranks companies by market capitalization: the greater the stock market value of a company, the higher its ranking. Values are calculated based on share prices as of March 31, 2018 multiplied by the number of shares. The market capitalization of the Global Top 100 firms has increased by 15% year-over-year.

It is certainly no surprise that the company standing at the top PwC Global Top 100 ranking is Apple. The company retains the pole position for the seventh year in a row. In PwC's list Apple’s market cap increased by 13%, although the gap with second-placed Alphabet decreased by 25%. PwC calculates values as of March 31, 2018 but Apple made history shortly thereafter: on August 2, 2018, it officially reached a market capitalization of $1 trillion, making it the first U.S. company to hit the milestone. Alphabet—as well as Microsoft and Amazon.comin third and fourth place respectively—may be next to follow in its footsteps.

While the top four companies remain unchanged compared to last year, there are two new entries in the top 10: Chinese technology companies Tencent and Alibaba, which replace US firms Exxon Mobil and Wells Fargo. US firms still dominate with 54 out of 100 companies, although down from 55 in the previous year. 

For a second year in a row, technology is also the largest sector in terms of market cap ($4,806 billion), followed by the financial sector ($4,421 billion) and consumer goods ($2,827 billion). 


Top 50 Largest Global Companies from Fortune Global 500

Rank
Company
Country
Revenues ($ Mil.)
Profit ($ Mil.)

 1

Walmart

USA

 $ 500,343

 $ 9,862

2

State Grid

China

 $ 348,903

 $ 9,533

3

Sinopec Group

China

 $ 326,953

 $ 1,538

4

China National Petroleum

China

 $ 326,008

-$ 691

5

Royal Dutch Shell

Netherlands

 $ 311,870

 $ 12,977

6

Toyota Motor

Japan

 $ 265,172

 $ 22,510

7

Volkswagen

Germany

 $ 260,028

 $ 13,107

8

BP

Britain

 $ 244,582

 $ 3,389

9

Exxon Mobil

USA

 $ 244,363

 $ 19,710

10

Berkshire Hathaway

USA

 $ 242,137

 $ 44,940

11

Apple

USA

 $ 229,234

 $ 48,351

12

Samsung Electronics

South Korea

 $ 211,940

 $ 36,575

13

McKesson

USA

 $ 208,357 

 $ 67

14

Glencore

Switzerland

 $ 205,476

 $ 5,777

15

UnitedHealth Group

USA

 $ 201,159

 $ 10,558

16

Daimler

Germany

 $ 185,235

 $ 11,864

17

CVS Health

USA

$ 184,765

 $ 6,622

18

Amazon.com

USA

 $ 177,866

 $ 3,033

19

EXOR Group

Italy

 $ 161,677

 $ 1,569

20

AT&T

USA

 $ 160,546

 $ 29,450

21

General Motors

USA

$ 157,311

-$ 3,864 

22

Ford Motor

USA

 $ 156,776

 $ 7,602

23

China State Construction Engineering

China

 $ 156,071

 $ 2,675

24

Hon Hai Precision Industry

Taiwan

 $ 154,699

 $ 4,560

25

AmerisourceBergen

USA

 $ 153,144

 $ 365

26

Industrial & Commercial Bank of China

China

 $ 153, 021

 $ 42,324

27

AXA

France

 $ 149,461

 $ 6,999

28

Total

France

 $ 149,099

 $ 8,631

29

Ping An Insurance

China

 $ 144,197

 $ 13,181

30

Honda Motor

Japan

 $ 138,646

 $ 9,561

31

China Construction Bank

China

 $ 138,594

 $ 35,845

32

Trafigura Beheer

Netherlands

 $ 136,421

 $ 848

33

Chevron

USA

 $ 134,533

 $ 9,195

34

Cardinal Health

USA

 $ 129,976

 $ 1,288

35

Costco

USA

 $ 129,025

 $ 2,679

36

SAIC Motor

China

 $ 128,819

 $ 5,091

37

Verizon

USA

 $ 126,034

 $ 30,101

38

Allianz

Germany

 $ 123,532

 $ 7,668

39

Kroger

USA

 $ 122,662

 $ 1,907

40

Agricultural Bank of China

China

 $ 122,366

 $ 28,550

41

General Electric

USA

 $ 122,274

-$ 5,786 

42

China Life Insurance

China

 $ 120,224

 $ 267

43

Walgreens

USA

 $ 118,214

 $ 4,078

44

BNP Paribas

France

 $ 117,375

 $ 8,746

45

Japan Post Holdings

Japan

 $ 116,616

 $ 4,158

46

Bank of China

China

 $ 115,423

 $ 25,509

47

JPMorgan Chase

USA

 $ 113,899

 $ 24,441

48

Fannie Mae

USA

 $ 112,394

 $ 2,463

49

Gazprom

Russia

 $ 111,983

 $ 12,250

50

Prudential

Britain

 $ 111,458

 $ 3,076


Top 50 Largest Global Companies from Forbes Global 2000

Rank
Company
Country
Revenues ($ Mil.)
Profit ($ Mil.)

 1

ICBC

China

 $ 165,300

 $ 43,700

2

China Construction Bank

China

 $ 143,200

 $ 37,200

3

JPMorgan Chase

USA

 $ 118,200

 $ 26,500

4

Berkshire Hathaway

USA

 $ 235,200

 $ 39,700

5

Agricultural Bank of China

China

 $ 129,300

 $ 29,600

6

Bank of America

USA

 $ 103,000

 $ 20,300

7

Wells Fargo

USA

 $ 102,100

 $ 21,700

8

Apple

USA

 $ 247,500

 $ 53,300

9

Bank of China

China

 $ 118,200

 $ 26,400

10

Ping An Insurance Group

China

 $ 141,600

 $ 13,900

11

Royal Dutch Shell

Netherlands

 $ 321,800

 $ 15,200

12

Toyota Motor

Japan

 $ 265,200

 $ 22,500

13

ExxonMobil

USA

 $ 230,100

 $ 20,400

14

Samsung Electronics

South Korea

 $ 224,600

 $ 41,000

15

AT&T

USA

 $ 159,200

 $ 30,600

16

Volkswagen Group

Germany

 $ 272,000

 $ 13,100

17

HSBC Holdings

United Kingdom

 $ 63,200

 $ 10,800

18

Verizon Communications

USA

 $ 128,000

 $ 31,200

19

BNP Paribas

France

 $ 117,800

 $ 8,500

20

Microsoft

USA

 $ 103,300

 $ 14,200

21

Chevron

USA

 $ 139,400

 $ 10,200

22

Allianz

Germany

 $ 122,500

 $ 7,700

23

Alphabet

USA

 $ 117,900

 $ 16,600

24

Walmart

USA

 $ 500,300

 $ 9,900

25

China Mobile

Hong Kong

 $ 109,500

 $ 16,900

26

Total

France

 $ 155,800

 $ 8,400

27

Sinopec

China

 $ 326,600

 $ 8,000

28

UnitedHealth Group

USA

 $ 207,600

 $ 11,200

29

Daimler

Germany

 $ 193,200

 $ 11,800

30

PetroChina

China

 $ 282,400

 $ 4,100

31

Banco Santander

Spain

 $ 56,100

 $ 8,000

32

China Merchants Bank

China

 $ 49,900

 $ 11,000

33

AXA Group

France

 $ 149,900

 $ 6,700

34

Comcast

USA

 $ 86,900

 $ 23,300

35

China Life Insurance

China

 $ 97,100

 $ 6,000

36

BP

United Kingdom

 $ 251,900

 $ 4,300

37

Mutsubishi UFJ Financial

Japan

 $ 51,800

 $ 8,900

38

Bank of Communications

China

 $ 59,100

 $ 10,700

39

Softbank

Japan

 $ 82,600

 $ 9,200

40

BMW Group

Germany

 $ 114,400

 $ 10,200

41

Anheuser-Busch InBev

Belgium

 $ 56,400

 $ 7,900

42

Royal Bank of Canada

Canada

 $ 40,500

 $ 8,800

43

Gazprom

Russia

 $ 112,200

 $ 12,200

44

Pfizer

USA

 $ 52,700

 $ 21,700

45

Itau Unibanco Holding

Brazil

 $ 62,300

 $ 7,500

46

Nippon Telegraph & Tel

Japan

 $ 104,800

 $ 7,700

47

Sberbank

Russia

 $ 46,300

 $ 13,400

48

Nestle

Switzerland

 $ 91,200

 $ 7,300

49

Intel

USA

 $ 64,000

 $ 11,100

50

Morgan Stanley

USA

 $ 45,600

 $ 45,600


PwC Global Top 100

Rank
Company
Country
Industry
Market Cap ($ bn)

 1

Apple

USA

Technology

851

2

Alphabet

USA

Technology

719

3

Microsoft

USA

Technology

703

4

Amazon.com

USA

Consumer Services

701

5

Tencent

China

Technology

496

6

Berkshire Hathaway

USA

Financials

492

7

Alibaba

China

Consumer Services

470

8

Facebook

USA

Technology

464

9

JPMorgan Chase

USA

Financials

375

10

Johnson & Johnson

USA

Health Care

344

11

ICBC

China

Financials

336

12

Exxon Mobil

USA

Oil & Gas

316

13

Bank of America

USA

Financials

307

14

Samsung Electronics

South Korea

Consumer Goods

298

15

Royal Dutch Shell

United Kingdom

Oil & Gas

263

16

Walmart

United States

Consumer Services

264

17

China Construction Bank

China

Financials

256

18

Wells Fargo

USA

Financials

256

19

Nestle

Switzerland

Consumer Goods

246

20

Visa

USA

Financials

246

21

Intel

USA

Technology

243

22

Anheuser-Busch InBev

Belgium

Consumer Goods

222

23

Taiwan Semiconductor

Taiwan

Technology

220

24

AT&T

USA

Telecommunications

219

25

Chevron

USA

Oil & Gas

218

26

PetroChina

China

Oil & Gas

212

27

Novartis

Switzerland

Health Care

211

28

Pfizer

USA

Health Care

211

29

Toyota

Japan

Consumer Goods

210

30

UnitedHealth Group

USA

Health Care

207

31

Cisco Systems

USA

Technology

207

32

Home Depot

USA

Consumer Services

206

33

Agricultural Bank of China

China

Financials

202

34

Procter & Gamble

USA

Consumer Goods

200

35

Roche

Switzerland

Health Care

198

36

Verizon Communications

USA

Telecommunications

197

37

Boeing

USA

Industrials

193

38

Ping An Insurance

China

Financials

190

39

China Mobile

Hong Kong

Telecommunications

188

40

HSBC

United Kingdom

Financials

187

41

Oracle

USA

Technology

187

42

The Coca-Cola Co.

USA

Consumer Goods

185

43

Mastercard

USA

Financials

184

44

Bank of China

China

Financials

178

45

Citigroup

USA

Financials

173

46

Unilever

Netherlands

Consumer Goods

165

47

Comcast

USA

Consumer Services

159

48

LVMH

France

Consumer Goods

156

49

PepsiCo

USA

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Consumer Goods

155

50

Philip Morris International

USA

Consumer Goods

155

51

Walt Disney

USA

Consumer Services

151

52

AbbVie

USA

Health Care

150

53 Total France Oil & Gas 149
54 DowDuPont USA Basic Materials 148
55 Merck & Co. USA Health Care 147
56 IBM USA Technology 141
57 NVIDIA USA Technology 140
58 Kweichow Moutai China Consumer Goods 137
59  BP United Kingdom Oil & Gas 134
60 British American Tobacco United Kingdom Consumer Goods 133
61 3M USA Industrials 131
62 SAP Germany Technology 129
63 Netflix USA Consumer Services 128
64 L'Oreal France Consumer Goods 126
65 McDonalds USA Consumer Services 124
66 Novo Nordisk Denmark Health Care 123
67 Amgen USA Health Care 123
68 China Petroleum & Chemical China Oil & Gas 123
69 Altria Group USA Consumer Goods 118
70 General Electric USA Industrials 117
71 AmBev Brazil Consumer Goods 114
72 China Merchants Bank China Financials 114
73 Royal Bank of Canada Canada Financials 111
74 BHP Billiton Australia Basic Materials 111
75 Medtronic Ireland Health Care 109
76 Siemens Germany Industrials 108
77 Honeywell USA Industrials 108
78 Nike USA Consumer Goods 108
79 Naspers South Africa Consumer Services 107
80 Adobe USA Technology 106
81 China Life Insurance China Financials 105
82 Santander Group Spain Financials 105
83 Abbott Laboratories  USA Health Care 105
84 Toronto-Dominion Bank Canada Financials 104
85 Union Pacific USA Industrials 104
86 Bristol-Myers Squibb USA Health Care 103
87 Accenture Ireland Industrials 103
88 AIA Group Hong Kong Financials 102
89 Texas Instruments USA Technology 102
90 Snofi France Health Care 101
91 United Technologies USA Industrials 101
92 Booking Holdings USA Consumer Services 100
93 Volkswagen Germany Consumer Goods 100
94 Allianz Germany Financials 100
95 Goldman Sachs USA Financials 99
96 Gilead Sciences USA Health Care 98
97 Commonwealth Bank of Australia Australia Financials 98
98 Industria de Diseno Textil Spain Financials 97
99 GlaxoSmithKline United Kingdom Consumer Services 97
100 Broadcom USA Technology 97