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<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><meta name="viewport" content="width=device-width"/><title>Fortune Global 500 – The largest companies in the world by revenue | Fortune</title><meta name="msapplication-TileColor" content="#ffc40d"/><meta name="theme-color" content="#FFFFFF"/><meta name="description" content="The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row."/><meta name="keywords"/><meta property="og:url" content="https://fortune.com/ranking/global500/"/><meta property="og:type" content="article"/><meta property="og:title" content="Fortune Global 500"/><meta property="og:description" content="The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row."/><meta property="og:site_name" content="Fortune"/><meta property="og:image" content="https://fortune.com/img-assets/wp-content/uploads/2023/08/Fortune-Global-500-logo-e1690922780643.jpg?resize=1200,600"/><meta property="og:width" content="1024"/><meta property="og:height" content="683"/><meta name="twitter:card" content="summary_large_image"/><meta name="twitter:title" content="Fortune Global 500"/><meta name="twitter:description" content="The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row."/><meta name="twitter:image" content="https://fortune.com/img-assets/wp-content/uploads/2023/08/Fortune-Global-500-logo-e1690922780643.jpg?resize=1200,600"/><meta name="twitter:url" content="https://fortune.com/ranking/global500/"/><meta property="fb:pages" content="56501027948"/><meta name="robots" content=""/><link rel="preconnect" href="https://www.google-analytics.com" crossorigin=""/><link rel="preconnect" href="https://www.googletagservices.com" crossorigin=""/><link rel="preconnect" href="https://ad.doubleclick.net" crossorigin=""/><link rel="preconnect" href="https://static.doubleclick.net" crossorigin=""/><link rel="preconnect" href="https://securepubads.g.doubleclick.net" crossorigin=""/><link rel="icon" href="/icons/favicons/favicon.ico"/><link rel="canonical" href="https://fortune.com/ranking/global500/"/><script id="json-schema" type="application/ld+json">{"@type":["ItemList","Article"],"@context":["https://schema.org"],"publisher":{"@type":"NewsMediaOrganization","logo":{"@type":"ImageObject","url":"https://fortune.com/static/media/logo.png"},"name":"Fortune"},"headline":"Fortune Global 500","url":"https://fortune.com/ranking/global500/","mainEntityOfPage":"https://fortune.com/ranking/global500/","dateModified":"2024-08-04 23:32:10-00:00","datePublished":"1722828729-00:00","identifier":388,"thumbnailUrl":"https://fortune.com/img-assets/wp-content/uploads/2023/08/Fortune-Global-500-logo-e1690922780643.jpg?resize=300,300","image":"https://fortune.com/img-assets/wp-content/uploads/2023/08/Fortune-Global-500-logo-e1690922780643.jpg?resize=1200,600","keywords":null,"articleSection":"Uncategorized","description":"<p>The corporations on our annual list of the world’s 500 largest companies posted near-flat, but still record-breaking aggregate revenues of $41 trillion in 2023, with a year-over-year increase of 0.1%. Walmart remains No. 1 for the 11th consecutive year, while Amazon reaches a new high and claims the No. 2 spot (up from No. 4 last year). Saudi Aramco falls to No. 4; however, with $121 billion in profits, it was the most profitable company on the list for the third year in a row. For the first time since 2018, the U.S. presence (139 companies) on the Fortune Global 500 surpassed that of Greater China (133 companies). The U.S. companies generated $13.8 trillion in aggregate revenues, a 6% increase from last year.</p>","author":[{"@type":"Person","name":"Fortune Editors","url":"/author/fortune-editors/","image":"https://fortune.com/img-assets/wp-content/uploads/2014/05/fortune-social-logo-square.png"}],"itemListElement":[{"@type":"ListItem","item":{"@id":"https://fortune.com/company/walmart/","@type":"Organization","name":"Walmart"},"position":1},{"@type":"ListItem","item":{"@id":"https://fortune.com/company/amazon-com/","@type":"Organization","name":"Amazon"},"position":2},{"@type":"ListItem","item":{"@id":"https://fortune.com/company/state-grid/","@type":"Organization","name":"State Grid"},"position":3},{"@type":"ListItem","item":{"@id":"https://fortune.com/company/saudi-aramco/","@type":"Organization","name":"Saudi Aramco"},"position":4},{"@type":"ListItem","item":{"@id":"https://fortune.com/company/sinopec-group/","@type":"Organization","name":"Sinopec 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Walmart remains No. 1 for the 11th consecutive year, while Amazon reaches a new high and claims the No. 2 spot (up from No. 4 last year). Saudi Aramco falls to No. 4; however, with $121 billion in profits, it was the most profitable company on the list for the third year in a row. For the first time since 2018, the U.S. presence (139 companies) on the Fortune Global 500 surpassed that of Greater China (133 companies). The U.S. companies generated $13.8 trillion in aggregate revenues, a 6% increase from last year.</p></div><div class="sc-cfa6068d-4 fIwAKF row"><a href="https://fortune.com/analytics/fortune-global-500?&itm_source=fortune&itm_medium=ranking_tout&itm_campaign=g500" target="_self" class="sc-93594058-0 jnVVEK styled-custom-link" data-cy="fi-cta-0">PURCHASE FULL DATA</a><a href="https://fortune.com/companies?&itm_source=fortune&itm_medium=ranking_tout&itm_campaign=g500" target="_self" class="sc-93594058-0 czdzxq styled-custom-link" data-cy="fi-cta-1">COMPANY INDEX</a><a href="#methodology" target="_self" class="sc-93594058-0 czdzxq methodology styled-custom-link" data-cy="fi-cta-3">Methodology</a></div></div></div></div><div data-cy="ranking-list-wrapper" class="sc-ad7cfb50-0 hDlRTA"><h2 data-cy="ranking-list-title" class="sc-3358ecfd-0 sc-44f66d32-1 hUngjz EOyD">Fortune Global 500 Ranking (2024)</h2><div class="sc-ad7cfb50-1 kAFaJA"><div class="sc-ad7cfb50-2 rdmmN"><p data-cy="ranking-list-item" class="sc-7fa0a5db-0 LpUMW ranking-list"><a href="https://fortune.com/company/walmart/" target="_self" class="sc-93594058-0 dJWSuE ranking-link no-opacity styled-custom-link" data-cy="company-fortune-rankings-company-rank"><span class="sc-7fa0a5db-3 eckDww ranking-list">1</span><span class="sc-7fa0a5db-2 ejpBJl ranking-list">Walmart</span></a></p><p data-cy="ranking-list-item" class="sc-7fa0a5db-0 LpUMW ranking-list"><a href="https://fortune.com/company/amazon-com/" target="_self" class="sc-93594058-0 dJWSuE ranking-link no-opacity styled-custom-link" data-cy="company-fortune-rankings-company-rank"><span class="sc-7fa0a5db-3 eckDww ranking-list">2</span><span class="sc-7fa0a5db-2 ejpBJl ranking-list">Amazon</span></a></p><p data-cy="ranking-list-item" class="sc-7fa0a5db-0 LpUMW ranking-list"><a href="https://fortune.com/company/state-grid/" target="_self" class="sc-93594058-0 dJWSuE ranking-link no-opacity styled-custom-link" data-cy="company-fortune-rankings-company-rank"><span class="sc-7fa0a5db-3 eckDww ranking-list">3</span><span class="sc-7fa0a5db-2 ejpBJl ranking-list">State Grid</span></a></p><p data-cy="ranking-list-item" class="sc-7fa0a5db-0 LpUMW ranking-list"><a href="https://fortune.com/company/saudi-aramco/" target="_self" class="sc-93594058-0 dJWSuE ranking-link no-opacity styled-custom-link" data-cy="company-fortune-rankings-company-rank"><span class="sc-7fa0a5db-3 eckDww ranking-list">4</span><span class="sc-7fa0a5db-2 ejpBJl ranking-list">Saudi Aramco</span></a></p><p data-cy="ranking-list-item" class="sc-7fa0a5db-0 LpUMW ranking-list"><a href="https://fortune.com/company/sinopec-group/" target="_self" class="sc-93594058-0 dJWSuE ranking-link no-opacity styled-custom-link" data-cy="company-fortune-rankings-company-rank"><span class="sc-7fa0a5db-3 eckDww ranking-list">5</span><span class="sc-7fa0a5db-2 ejpBJl ranking-list">Sinopec Group</span></a></p></div><div class="sc-ad7cfb50-2 rdmmN"><p 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All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eHow is this list different from the Fortune 500?\u003c/strong\u003e\u003cbr\u003eThe \u003ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https://fortune.com/ranking/global500/2024/\"\u003eFortune Global 500\u003c/a\u003e is our annual ranking of the largest 500 corporations worldwide as measured by total revenue, whereas the \u003ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https://fortune.com/ranking/fortune500/\"\u003eFortune 500\u003c/a\u003e is exclusively U.S. corporations.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Revenues","content":"\u003cp\u003eRevenue figures include consolidated subsidiaries and reported revenues from discontinued operations, but exclude excise taxes. For banks, revenue is the sum of gross interest income and gross noninterest income. 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Where the breakdown between full- and part-time employees is supplied, a part-time employee is counted as one half of a full-time employee.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Medians","content":"\u003cp\u003eThe medians for profit changes from 2022 do not include companies that lost money in 2022 or lost money in both 2022 and 2023, because no meaningful percentage changes can be calculated in such cases.\u003c/p\u003e","__typename":"RankingListMethodology"},{"title":"Credits","content":"\u003cp\u003eThis year’s \u003ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https://fortune.com/ranking/global500/2024/\"\u003eFortune Global 500\u003c/a\u003e was prepared under the direction of list editor Scott DeCarlo. Financial statements and annual reports were reviewed by accounting specialist Rhona Altschuler and markets editor Kathleen Smyth. The Fortune China team, led by Julia Chu, provided figures for Chinese companies. The data verification process was aided substantially by S\u0026amp;P Global Market Intelligence and Refinitiv.\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e","__typename":"RankingListMethodology"}],"modifiedGmt":"2024-08-04 23:32:10","pageType":"franchise-list","platformCD":"own","premiumCategory":{"name":"legacy","premiumCategoryId":0},"primarySection":{"link":"","name":"","primarySectionId":0,"uri":""},"sectionNames":[],"sections":[],"showOrder":true,"showTout":0,"slug":"global500","socialDescription":"The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.","socialTitle":"Fortune Global 500","stnVideoId":"nr046jH0Xo-3776444-14497","tagNames":[],"tags":[],"thumbnailUrl":"https://fortune.com/img-assets/wp-content/uploads/2023/08/Fortune-Global-500-logo-e1690922780643.jpg","title":"Fortune Global 500","topicNames":["global500"],"topics":[],"toutImageAltDesktop":"","toutImageAltMobile":"","toutImageDesktop":"","toutImageMobile":"","toutLink":"","uri":"/ranking/global500/2024","url":"/ranking/global500/2024","vodVideoId":"","year":"2024","years":["2024","2023","2022","2021","2020","2019","2018","2017","2016","2015","2014","2013","2012","2011","2010","2009","2008","2007","2006","2005","2004","2003","2002","2001","2000","1999","1998","1997","1996","1995"],"prefixedDatabaseId":"fl_388","rankingUri":"/ranking/global500/"},"franchiseSearch":{"adTags":[],"authorNames":[],"authors":[],"canonicalUrl":"https://fortune.com/ranking/global500/search/","channel":"fortuneglobal500","databaseId":388,"dateGmt":"1722828729","description":"\u003cp\u003eThe corporations on our annual list of the world’s 500 largest companies posted near-flat, but still record-breaking aggregate revenues of $41 trillion in 2023, with a year-over-year increase of 0.1%. Walmart remains No. 1 for the 11th consecutive year, while Amazon reaches a new high and claims the No. 2 spot (up from No. 4 last year). Saudi Aramco falls to No. 4; however, with $121 billion in profits, it was the most profitable company on the list for the third year in a row. For the first time since 2018, the U.S. presence (139 companies) on the Fortune Global 500 surpassed that of Greater China (133 companies). 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