Fortune 500

File:Fortune g500 cover06.jpg, featuring its Fortune 500 list]]

The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years.{{Cite web |title=Fortune 500 |url=https://fortune.com/ranking/fortune500/ |access-date=2024-06-05 |website=Fortune |language=en}} The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the Fortune 500 was created by Edgar P. Smith, a Fortune editor, and the first list was published in 1955.{{cite news |title=Edgar Smith, 69, Dies; Retired Time Executive |url=https://www.nytimes.com/1989/10/12/obituaries/edgar-smith-69-dies-retired-time-executive.html |newspaper=The New York Times |access-date=March 1, 2016| date=October 12, 1989}}{{cite web| title=1955 Full list |url=https://money.cnn.com/magazines/fortune/fortune500_archive/full/1955/ |website=Fortune |access-date=March 1, 2016}} The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000.{{cite web| last1=Williams| first1=Sean| title=Fortune 100: Everything You've Ever Wanted to Know About This Popular Annual Ranking| url=http://www.fool.com/investing/general/2015/06/03/fortune-100-everything-youve-ever-wanted-to-know-a.aspx| website=The Motley Fool| access-date=March 1, 2016| date=June 4, 2015}}

History

The Fortune 500, created by Edgar P. Smith, was first published in January 1955. The original top ten companies were General Motors, Jersey Standard, U.S. Steel, General Electric, Esmark, Chrysler, Armour, Gulf Oil, Mobil, and DuPont.{{cite web| url=http://fortune.com/2014/06/02/first-fortune-500| title=What happened to the first Fortune 500?| website=Fortune| access-date=March 24, 2017}}

Methodology

The original Fortune 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration.{{Cite web |last=Semczuk |first=Nina |date=2024-03-13 |title=What Are Fortune 500 Companies? |url=https://www.bankrate.com/investing/what-are-fortune-500-companies/ |access-date=2024-05-22 |website=Bankrate |language=en-US}} At the same time, Fortune published companion "Fortune 50" lists of the 50 largest commercial banks (ranked by assets), utilities (ranked by assets), life insurance companies (ranked by assets), retailers (ranked by gross revenues) and transportation companies (ranked by revenues). Fortune magazine changed its methodology in 1994 to include service companies. With the change came 291 new entrants to the famous list including three in the Top 10.{{cite news |last=Groves |first=Martha |date=April 26, 1995 |title=Service Now Counts with Fortune 500 |url=https://www.latimes.com/archives/la-xpm-1995-04-26-fi-59111-story.html |newspaper=Los Angeles Times |access-date=October 12, 2017}}

Influence

As of 2020, the Fortune 500 companies represent approximately two-thirds of the United States' gross domestic product with approximately $14.2 trillion in revenue, $1.2 trillion in profits, and $20.4 trillion in total market value. These revenue figures also account for approximately 18% of the gross world product. The companies collectively employ a total of 29.2 million people worldwide, or nearly 0.4% of the world's total population.{{cite news| last=Klooster| first=Alison| date=May 18, 2020| title=FORTUNE Announces 2020 FORTUNE 500 List, Launches First Ever "History Of The FORTUNE 500" Data Analytics Visualization Site With Partner Qli| publisher=Fortune| via=Cision PR Newswire| url=https://www.prnewswire.com/news-releases/fortune-announces-2020-fortune-500-list-launches-first-ever-history-of-the-fortune-500-data-analytics-visualization-site-with-partner-qlik-301060615.html| access-date=October 1, 2020}}

Overview

The following is the list of top 20 companies.{{cite web |title=Fortune 500 List of Companies 2022 |url=https://fortune.com/fortune500/2022/search/ |url-access=subscription |access-date=July 1, 2022 |publisher=Fortune}}

class="wikitable sortable plainrowheaders"
+ Fortune 500 list of 2024
scope="col" \| Rank ! scope="col" \| Company ! scope="col" \| State ! scope="col" \| Industry ! scope="col" \| Revenue in USD
scope="row" \|1 \|Walmart \|{{flag\|Arkansas}} \|General merchandisers \|$648.1 billion
scope="row" \|2 \|Amazon \|{{flag\|Washington}} \|Internet services and retailing \|$574.8 billion
scope="row" \|3 \|Apple \|{{flag\|California}} \|Computers, office equipment \|$383.3 billion
scope="row" \|4 \|UnitedHealth Group \|{{flag\|Minnesota}} \|Health care: insurance and managed care \|$371.6 billion
scope="row" \|5 \|Berkshire Hathaway \|{{flag\|Nebraska}} \|Insurance: property and casualty (stock) \|$364.5 billion
scope="row" \|6 \|CVS Health \|{{flag\|Rhode Island}} \|Health care: pharmacy and other services \|$357.8 billion
scope="row" \|7 \|ExxonMobil \|{{flag\|Texas}} \|Petroleum refining \|$344.6 billion
scope="row" \|8 \|Alphabet Inc. \|{{flag\|California}} \|Internet services and retailing \|$307.4 billion
scope="row" \|9 \|McKesson Corporation \|{{flag\|Texas}} \|Wholesalers: health care \|$276.7 billion
scope="row" \|10 \|Cencora \|{{flag\|Pennsylvania}} \|Wholesalers: health care \|$262.2 billion
scope="row" \|11 \|Costco \|{{flag\|Washington}} \|General merchandisers \|$242.3 billion
scope="row" \|12 \|JPMorgan Chase \|{{flag\|New York}} \|Commercial banks \|$239.4 billion
scope="row" \|13 \|Microsoft \|{{flag\|Washington}} \|Computer software \|$211.9 billion
scope="row" \|14 \|Cardinal Health \|{{flag\|Ohio}} \|Wholesalers: health care \|$205.0 billion
scope="row" \|15 \|Chevron Corporation \|{{flag\|California}} \|Petroleum refining \|$200.9 billion
scope="row" \|16 \|Cigna \|{{flag\|Connecticut}} \|Health care: pharmacy and other services \|$195.3 billion
scope="row" \|17 \|Ford Motor Company \|{{flag\|Michigan}} \|Motor vehicles & parts \|$176.2 billion
scope="row" \|18 \|Bank of America \|{{flag\|North Carolina}} \|Commercial banks \|$171.9 billion
scope="row" \|19 \|General Motors \|{{flag\|Michigan}} \|Motor vehicles & parts \|$171.8 billion
scope="row" \|20 \|Elevance Health \|{{flagcountry\|Indiana}} \|Health care: insurance and managed care \|$171.3 billion

class="wikitable sortable plainrowheaders"

+ Fortune 500 list of 2024

scope="col" | Rank

! scope="col" | Company

! scope="col" | State

! scope="col" | Industry

! scope="col" | Revenue in USD

scope="row" |1

|Walmart

|{{flag|Arkansas}}

|General merchandisers

|$648.1 billion

scope="row" |2

|Amazon

|{{flag|Washington}}

|Internet services and retailing

|$574.8 billion

scope="row" |3

|Apple

|{{flag|California}}

|Computers, office equipment

|$383.3 billion

scope="row" |4

|UnitedHealth Group

|{{flag|Minnesota}}

|Health care: insurance and managed care

|$371.6 billion

scope="row" |5

|Berkshire Hathaway

|{{flag|Nebraska}}

|Insurance: property and casualty (stock)

|$364.5 billion

scope="row" |6

|CVS Health

|{{flag|Rhode Island}}

|Health care: pharmacy and other services

|$357.8 billion

scope="row" |7

|ExxonMobil

|{{flag|Texas}}

|Petroleum refining

|$344.6 billion

scope="row" |8

|Alphabet Inc.

|{{flag|California}}

|Internet services and retailing

|$307.4 billion

scope="row" |9

|McKesson Corporation

|{{flag|Texas}}

|Wholesalers: health care

|$276.7 billion

scope="row" |10

|Cencora

|{{flag|Pennsylvania}}

|Wholesalers: health care

|$262.2 billion

scope="row" |11

|Costco

|{{flag|Washington}}

|General merchandisers

|$242.3 billion

scope="row" |12

|JPMorgan Chase

|{{flag|New York}}

|Commercial banks

|$239.4 billion

scope="row" |13

|Microsoft

|{{flag|Washington}}

|Computer software

|$211.9 billion

scope="row" |14

|Cardinal Health

|{{flag|Ohio}}

|Wholesalers: health care

|$205.0 billion

scope="row" |15

|Chevron Corporation

|{{flag|California}}

|Petroleum refining

|$200.9 billion

scope="row" |16

|Cigna

|{{flag|Connecticut}}

|Health care: pharmacy and other services

|$195.3 billion

scope="row" |17

|Ford Motor Company

|{{flag|Michigan}}

|Motor vehicles & parts

|$176.2 billion

scope="row" |18

|Bank of America

|{{flag|North Carolina}}

|Commercial banks

|$171.9 billion

scope="row" |19

|General Motors

|{{flag|Michigan}}

|Motor vehicles & parts

|$171.8 billion

scope="row" |20

|Elevance Health

|{{flagcountry|Indiana}}

|Health care: insurance and managed care

|$171.3 billion

=Breakdown by state=

This is the list of the top 18 states with the most companies within the Fortune 500 as of 2024.{{cite web |title=Map: The Number of Fortune 500 Companies in Each U.S. State |url=https://www.visualcapitalist.com/map-the-number-of-fortune-500-companies-in-each-u-s-state/ |access-date=November 9, 2024 |publisher=Visual Capitalist}}

class="wikitable sortable plainrowheaders"
+Breakdown by state
scope="col" \| Rank ! scope="col" \| State ! scope="col" \| Companies
scope="row" \|1 \|{{flag\|California}} \|57
scope="row" rowspan="2" \|2 \|{{flag\|New York}} \|52
{{flag\|Texas}} \|52
scope="row" \|4 \|{{flag\|Illinois}} \|32
scope="row" \|5 \|{{flag\|Ohio}} \|27
scope="row" \|6 \|{{flag\|Virginia}} \|24
scope="row" \|7 \|{{flag\|Florida}} \|22
scope="row" \|8 \|{{flag\|Pennsylvania}} \|20
scope="row" \|9 \|{{flagcountry\|Georgia (U.S. state)}} \|18
scope="row" \|10 \|{{flag\|Minnesota}} \|17
scope="row" rowspan="2" \|11 \|{{flag\|Massachusetts}} \|16
{{flag\|Michigan}} \|16
scope="row" \|13 \|{{flag\|Connecticut}} \|15
scope="row" \|14 \|{{flag\|New Jersey}} \|14
scope="row" rowspan="2" \|15 \|{{flag\|North Carolina}} \|12
{{flag\|Washington}} \|12
scope="row" rowspan="2" \|17 \|{{flag\|Arizona}} \|10
{{flag\|Tennessee}} \|10

class="wikitable sortable plainrowheaders"

+Breakdown by state

scope="col" | Rank

! scope="col" | State

! scope="col" | Companies

scope="row" |1

|{{flag|California}}

|57

scope="row" rowspan="2" |2

|{{flag|New York}}

|52

scope="row" |4

|{{flag|Illinois}}

|32

scope="row" |5

|{{flag|Ohio}}

|27

scope="row" |6

|{{flag|Virginia}}

|24

scope="row" |7

|{{flag|Florida}}

|22

scope="row" |8

|{{flag|Pennsylvania}}

|20

scope="row" |9

|{{flagcountry|Georgia (U.S. state)}}

|18

scope="row" |10

|{{flag|Minnesota}}

|17

scope="row" rowspan="2" |11

|{{flag|Massachusetts}}

|16

scope="row" |13

|{{flag|Connecticut}}

|15

scope="row" |14

|{{flag|New Jersey}}

|14

scope="row" rowspan="2" |15

|{{flag|North Carolina}}

|12

scope="row" rowspan="2" |17

|{{flag|Arizona}}

|10

=Breakdown by metropolitan area=

This is the list of the top 10 metropolitan statistical areas with the most companies within the Fortune 500 as of 2024.{{cite web |title=Markets with the Most Fortune 500 Headquarters in 2024 |url=https://www.realpage.com/analytics/fortune-500-companies-2024/ |access-date=March 17, 2025 |publisher=Real Page}}

class="wikitable sortable plainrowheaders"
+Breakdown by metropolitan area
scope="col" \| Rank ! scope="col" \| Metropolitan area ! scope="col" \| Companies
scope="row" \|1 \|{{flag\|New York City}} \|46
scope="row" \|2 \|{{flag\|Chicago}} \|30
scope="row" \|3 \|{{flag\|Houston}} \|23
scope="row" rowspan="3"\|4 \|{{flag\|Dallas}} \|20
{{flag\|San Jose, California}} \|20
{{flag\|Washington, D.C.}}{{efn\|group=o\|Amazon is co-headquartered between Seattle and Arlington, Virginia, the latter being located in the Washington metropolitan area.}} \|20
scope="row" \|7 \|{{flag\|Atlanta}} \|16
scope="row" \|8 \|{{flag\|Minneapolis}} \|15
scope="row" rowspan="2"\|9 \|{{flag\|Boston}} \|14
{{flagcountry\|San Francisco}} \|14

class="wikitable sortable plainrowheaders"

+Breakdown by metropolitan area

scope="col" | Rank

! scope="col" | Metropolitan area

! scope="col" | Companies

scope="row" |1

|{{flag|New York City}}

|46

scope="row" |2

|{{flag|Chicago}}

|30

scope="row" |3

|{{flag|Houston}}

|23

scope="row" rowspan="3"|4

|{{flag|Dallas}}

|20

{{flag|Washington, D.C.}}{{efn|group=o|Amazon is co-headquartered between Seattle and Arlington, Virginia, the latter being located in the Washington metropolitan area.}}

|20

scope="row" |7

|{{flag|Atlanta}}

|16

scope="row" |8

|{{flag|Minneapolis}}

|15

scope="row" rowspan="2"|9

|{{flag|Boston}}

|14

References

External links

{{Official website|https://fortune.com/ranking/fortune500/}}
Full list of Fortune 500 companies: [https://money.cnn.com/magazines/fortune/fortune500_archive/full/1955/index.html 1955–2005], [https://money.cnn.com/magazines/fortune/fortune500/2006/full_list/ 2006], [https://money.cnn.com/magazines/fortune/fortune500/2007/full_list/ 2007], [https://money.cnn.com/magazines/fortune/fortune500/2008/full_list/ 2008], [https://money.cnn.com/magazines/fortune/fortune500/2009/full_list/ 2009], [https://money.cnn.com/magazines/fortune/fortune500/2010/full_list/ 2010], [https://money.cnn.com/magazines/fortune/fortune500/2011/full_list/ 2011], [https://money.cnn.com/magazines/fortune/fortune500/2012/full_list/ 2012], [https://money.cnn.com/magazines/fortune/fortune500/2013/full_list/ 2013], [https://fortune.com/ranking/fortune500/2014 2014], [https://fortune.com/ranking/fortune500/2015/ 2015], [https://fortune.com/ranking/fortune500/2016/ 2016], [https://fortune.com/ranking/fortune500/2017/ 2017], [https://fortune.com/ranking/fortune500/2018/ 2018], [https://fortune.com/ranking/fortune500/2019/ 2019], [https://fortune.com/ranking/fortune500/2020/ 2020], [https://fortune.com/ranking/fortune500/2021/ 2021], [https://fortune.com/ranking/fortune500/2022 2022]

Category:Lists of companies by revenue

Category:Fortune (magazine)

Category:Top lists

Category:Annual magazine issues

Fortune&nbsp;500

History

Methodology

Influence

Overview

=Breakdown by state=

=Breakdown by metropolitan area=

See also

References

External links

Fortune 500