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The Largest Companies in the World by Revenue in 2024
1. Walmart Dominates the Global Stage
Leading the pack with a staggering $648 billion in annual revenue, Walmart remains the undisputed leader among the world’s top companies. As the largest retailer in the United States and globally, Walmart’s sprawling operations across grocery, apparel, electronics, and more continue to bolster its position. Its extensive supply chain network and e-commerce expansion have been pivotal in maintaining broad consumer reach, especially amid shifting retail trends.
2. Amazon Sets the E-Commerce Standard
With revenue reaching $575 billion, Amazon continues to revolutionize retail and cloud computing. Its diversified portfolio spans from online shopping to Amazon Web Services (AWS), making it one of the most influential technology giants. The company’s ongoing innovation and global expansion have helped sustain its remarkable revenue figures despite increasing competition.
3. Tech Giants Maintain Dominance
Apple, with sales of $383 billion, and Microsoft, generating $212 billion, remain at the forefront of the technology sector. Apple’s iPhone ecosystem, alongside services and accessories, keeps its revenue high, while Microsoft’s cloud services, software, and enterprise solutions continue to grow steadily. Alphabet, Google’s parent company, also features prominently with $307 billion, driven by advertising and cloud services.
4. U.S. Healthcare and Insurance Powerhouses
UnitedHealth Group ($372B) and CVS Health ($358B) highlight the strength of the healthcare sector. These companies provide insurance, pharmacy, and healthcare services, reflecting the growing demand for health-related services in the U.S.
5. Energy and Oil Titans from the U.S. and Saudi Arabia
ExxonMobil ($345B), Chevron ($201B), and Cencora ($262B) dominate the energy landscape in the United States. Meanwhile, Saudi Aramco, the flagship oil company of the Middle East, eclipses many with revenue of approximately $495 billion.
6. Major Players in Asia
Asia’s economic powerhouses include the State Grid Corporation ($546 billion), China’s Sinopec ($430 billion), and CNPC ($422 billion). These energy and utility giants reflect the continent’s rapid industrial growth. Additionally, technology leaders like Samsung ($198 billion) and Foxconn ($198 billion) showcase Asia’s innovation engine.
7. Financial Services and Banking Leaders
In Asia, the Industrial and Commercial Bank of China (ICBC) with $223 billion and China Construction Bank with $200 billion exemplify the region’s banking prowess. JPMorgan Chase remains the top banking institution in the U.S., with revenues of $239 billion.
8. Construction and Infrastructure
China State Construction Engineering Corporation (CSCEC), generating $320 billion, signifies the massive scale of infrastructure development across China. This sector’s growth underpins the country’s economic acceleration and urbanization.
9. European Industry Leaders
Volkswagen ($348 billion) leads Europe’s manufacturing sector, while Shell ($323 billion) and TotalEnergies ($219 billion) highlight Europe’s dominance in energy. Glencore, a Swiss-based commodities trader, reports revenues of $218 billion, emphasizing Europe’s strength in raw materials trading.
10. Notably, Africa and Australia Are Absent from the Top 35
Despite rapid economic growth in various regions, no companies from Africa or Australia appear in this year’s top 35 by revenue. This gap points to regions with emerging but less dominant multinational corporations in terms of revenue figures.
11. Total Revenue of the Top 35 Companies Surpasses $10.7 Trillion
The combined revenue from this elite group highlights the global economic power concentrated within these massive corporations. Their collective economic influence drives commerce, employment, and innovation across industries and continents.
12. Revenue Figures Reflect Fiscal Year Endings up to March 31, 2024
All revenue numbers are based on the fiscal year ending on or before March 31, 2024, emphasizing the most recent fiscal performance across these international giants.
The world’s biggest companies are not just economic titans but also reflect shifting industrial, technological, and geopolitical trends. As these corporations continue to grow and adapt, their influence shapes global markets and economies in profound ways.
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