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 /th> 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