Fortune Unveils 2025 Global 500 List Showcasing Largest Companies by Revenue

Fortune Global 500 List for 2025 Unveiled

Fortune has officially released its prestigious 2025 Global 500 list, ranking the largest companies worldwide by their revenues for the fiscal year 2024. Topping this list for the twelfth consecutive year is Walmart, a title it has securely held since 2014. Following Walmart are major entities such as Amazon, the State Grid of China, Saudi Aramco, and China National Petroleum, reflecting the ongoing dominance of American and Chinese corporations in the global market.

The combined revenue of the top ten firms in the Fortune Global 500 exceeded $370 billion, totaling a staggering $4.7 trillion across the entire list. With 138 companies recognized, the United States maintains its lead over Greater China, which houses 130 companies—three fewer than the previous year. Notably, eight out of the ten most profitable firms hail from the USA, highlighting significant economic strength in this sector.

In another significant development, the number of female CEOs in the Fortune Global 500 reached a new record of 33, representing 6.6% of the list. This marks a notable increase from the previous year, with prominent leaders including Mary Barra of GM, recognized as one of the most powerful women in business for 2025, and others like Gail K. Boudreaux from Elevance Health and Jane Fraser from Citigroup, showcasing a growing presence of women in high executive roles.

The financial sector continues to dominate the list significantly, with 121 companies in the ranking, followed by energy (79), automotive (35), technology (34), and healthcare (33). These five sectors collectively represent 60% of the companies and account for 66% of total revenue on the list. The “Magnificent Seven,” a term coined for the seven major tech firms, reported a record revenue of $2 trillion and a net profit of $484 billion last year, emphasizing their influential role in shaping global economies.

Top 10 Companies in the 2025 Fortune Global 500

1. Walmart (USA)
2. Amazon.com (USA)
3. State Grid (China)
4. Saudi Aramco (Saudi Arabia)
5. China National Petroleum (China)
6. Sinopec (China)
7. UnitedHealth Group (USA)
8. Apple (USA)
9. CVS Health (USA)
10. Berkshire Hathaway (USA)

Last year, the Global 500 companies reported a combined revenue of $41.7 trillion, increasing by 1.8% from the previous year, employing around 70.1 million individuals worldwide. Interestingly, these companies also achieved the second-highest profits on record, showcasing growth despite the unpredictable global economic climate marked by geopolitical tensions.

Saudi Aramco, ranked fourth, remains the most profitable company for the fourth consecutive year, achieving a net profit of $105 billion,
signifying the oil giant's robust financial health.

Fortune's 2025 Global 500 list serves as a lens through which the evolving business landscape can be observed, offering insights into corporate performances that reflect larger trends, driven by factors such as artificial intelligence advancements, ongoing conflicts, and tariff uncertainties. The current 2025 list, based on the fiscal year ending or before March 31, 2025, stands as a testament to the resilience and adaptation of global corporations.

In her introduction for the August/September issue, Alyson Shontell, Chief Content Officer at Fortune, remarks on the evolution reflected in this list: 'It reveals not just a ranking but the quiet before the storm amid profound geopolitical changes.' The complete list will be available in the August/September issue of Fortune magazine, with detailed data accessible through their official channels.

The unveiling of the Fortune Global 500 provides a global perspective on business development, potential disruptions, and the dynamics of corporate strategy that shape economies worldwide, making it an essential reference for stakeholders across industries.