Wolterk/iStock(NEW YORK) — Walmart topped Fortune’s list of the United States’ 500 largest corporations by revenue for the seventh year in a row, as online rival Amazon cracked the top five for the first time.
The annual list ranked companies by their revenue in the 2018 fiscal year.
“FORTUNE 500 companies represent two-thirds of the U.S. GDP with $13.7 trillion in revenues, $1.1 trillion in profits, $22.6 trillion in market value, and employ 28.7 million people worldwide,” the company said in a statement.
The second-largest company was oil giant Exxon Mobil, with Apple moving up one spot to third.
In a shift of corporate wealth westward, California-based FORTUNE 500 companies “generated the most aggregate revenue ($1.6 trillion), earned the most aggregate profits ($256 billion), and are valued the most in market cap ($5.5 trillion),” the statement said.
In fact, five of the six most valuable companies were tech giants, with Microsoft, Apple and Amazon each reaching valuations of $1 trillion in the past year.
Also, for the first time, there were 33 female-led companies on the list — the highest number of women CEOs ever. Last year there were 24 on the list.
Here are the top 10 companies ranked by Fortune. For the complete list, click here.
- Walmart
- Exxon Mobil
- Apple
- Berkshire Hathaway
- Amazon.com
- UnitedHealth Group
- McKesson
- CVS Health
- AT&T
- AmerisourceBergen
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