Walmart continues to lead US corporate revenue rankings by a wide margin, with roughly $648 billion in annual sales.
Quick answer: 1. Walmart, 2. Amazon, 3. Apple, 4. UnitedHealth Group, 5. ExxonMobil, 6. Berkshire Hathaway, 7. CVS Health, 8. Chevron, 9. Ford Motor Company, 10. McKesson Corporation.
The Fortune 500 — Fortune magazine's annual ranking of the largest US companies by revenue — is the definitive scorecard of American corporate scale. This list ranks the top ten US companies by total revenue for the most recent completed fiscal year, based on the Fortune 500 rankings. The top of the list reflects the structure of the US economy: retail, technology, health care, and energy companies dominate. Walmart has held the #1 spot for over a decade, while tech-driven companies like Amazon and Apple have risen dramatically in the rankings.
Walmart remains America's largest company by revenue, with roughly $648 billion in annual sales. The retail giant operates over 10,500 stores worldwide and has continued to grow its e-commerce operations and grocery delivery business.
Amazon reported roughly $574 billion in revenue, solidifying its position as the second-largest US company. While its core e-commerce business drives revenue, Amazon Web Services (AWS) contributes a disproportionately large share of profits, and its advertising business has become a major growth engine.
Apple reported roughly $383 billion in revenue. The iPhone still accounts for roughly half of sales, while Apple's Services segment — including the App Store, Apple Music, iCloud, and Apple Pay — has become an increasingly large and profitable revenue stream.
UnitedHealth Group reported roughly $371 billion in revenue, making it the largest US health-care company by revenue. The company's UnitedHealthcare insurance arm and Optum health-services division have grown steadily, driven by rising health-care spending.
ExxonMobil reported roughly $344 billion in revenue, ranking as the largest US energy company. Oil and gas prices, while down from the 2022 peaks, kept ExxonMobil among the top revenue generators.
Warren Buffett's conglomerate reported roughly $342 billion in revenue across its diverse holdings, including insurance (GEICO), railroads (BNSF), energy, and a portfolio of major stock investments.
CVS Health reported roughly $327 billion in revenue, driven by its pharmacy chain, pharmacy benefit manager (Caremark), and the Aetna health insurance business. CVS has been transforming into a broader health-care company.
Chevron reported roughly $207 billion in revenue, making it the second-largest US oil company behind ExxonMobil. Its operations span upstream exploration, downstream refining, and petrochemicals.
Ford reported roughly $176 billion in revenue, placing it among the top US automakers. Strong sales of F-Series pickups and growing electric-vehicle production have driven growth, though EV margins remained under pressure.
McKesson, the largest US pharmaceutical distributor, reported roughly $168 billion in revenue. Along with Cardinal Health and Cencora (formerly AmerisourceBergen), McKesson is one of the three dominant drug distributors supplying pharmacies and hospitals nationwide.
| # | Name | Industry | Fortune 500 rank | Employees |
|---|---|---|---|---|
| 1 | Walmart | Retail | #1 | ~2.1M |
| 2 | Amazon | E-commerce / Cloud computing | #2 | ~1.5M |
| 3 | Apple | Technology / Consumer electronics | #3 | ~164,000 |
| 4 | UnitedHealth Group | Health insurance / Services | #4 | ~440,000 |
| 5 | ExxonMobil | Oil & Gas | #5 | ~62,000 |
| 6 | Berkshire Hathaway | Conglomerate | #6 | ~400,000 |
| 7 | CVS Health | Health care / Pharmacy | #7 | ~258,000 |
| 8 | Chevron | Oil & Gas | #8 | ~45,000 |
| 9 | Ford Motor Company | Automotive | #9 | ~177,000 |
| 10 | McKesson Corporation | Pharmaceutical distribution | #10 | ~52,000 |
Companies are ranked by total annual revenue for the most recent completed fiscal year, in descending order (rank 1 = highest revenue). Revenue figures are from the Fortune 500 list, which ranks US-incorporated companies by the latest fiscal year's revenue. Fortune collects data from companies' annual reports and SEC filings. All figures are in US dollars. Companies are included only if they are incorporated in the United States and file financial statements with a US government agency.
Walmart is the largest US company by revenue, with roughly $648 billion in annual sales, according to the Fortune 500. Walmart has held the number-one spot on the Fortune 500 for over a decade.
Fortune collects revenue data from companies' annual reports and SEC filings. To be included, a company must be incorporated in the United States and file financial statements with a US government agency. Revenues are for the most recent completed fiscal year.
Technology has two entries (Apple and Amazon), as does health care (UnitedHealth and CVS Health) and energy (ExxonMobil and Chevron). Retail, conglomerates, automotive, and pharmaceutical distribution round out the top ten.
Yes. The Fortune 500 ranks companies by total worldwide revenue — not just US revenue. Companies like Apple, ExxonMobil, and Ford earn a substantial portion of their revenue outside the United States.