Fortune released its 2026 Global 500 ranking on July 28, showing combined revenue of about $43.1 trillion for listed companies, or more than one-third of global GDP. Total revenue rose about 3.2% year over year. Amazon took the top spot for the first time, ending Walmart’s 12-year run at No. 1, while State Grid placed third.
On profitability, Alphabet became the world’s most profitable company with net income of $132.17 billion, taking the title from Saudi Aramco. Nvidia ranked second on the profit list, and TSMC was the only Chinese company to make the top 10 by profit. By country and region, the United States had 141 companies on the list, China, including Taiwan, had 122, and Japan had 40.
Chinese companies on the list posted about $10.4 trillion in total revenue, with average profit at $4.5 billion, roughly 40% of the $11.24 billion average for U.S. companies. JD.com ranked No. 41 and was the top mainland Chinese private company. Alibaba, Tencent, PDD Holdings and Meituan all improved their positions. In tech, 38 companies made the list with average profit of $21.98 billion, while Nvidia, TSMC, SK Hynix, Micron Technology and AMD all drew attention through rank gains or returns.
Fortune released its 2026 Global 500 ranking on July 28, with listed companies posting combined revenue of about $43.1 trillion. That figure was more than one-third of global GDP and marked about 3.2% year-over-year growth.
Amazon ranked No. 1 for the first time, ending Walmart’s 12-year stretch at the top. State Grid came in third.
On profits, Alphabet took the title of the world’s most profitable company from Saudi Aramco with net income of $132.17 billion. Nvidia ranked second on the profit list, and TSMC was the only Chinese company to place in the top 10 by profit.
By country and region, the United States had 141 companies on the list, China, including Taiwan, had 122, and Japan had 40. Chinese companies on the ranking generated about $10.4 trillion in total revenue, with average profit of $4.5 billion, about 40% of the $11.24 billion average for U.S. companies.
Among Chinese companies, JD.com ranked No. 41, the highest among mainland China’s private companies. Alibaba was No. 56, Tencent was No. 97 and entered the top 100 for the first time, PDD Holdings was No. 255, and Meituan was No. 311. All of them moved up in the ranking.
In high tech, 38 companies made the list and their average profit reached $21.98 billion. Nvidia jumped 38 places to No. 28, while TSMC climbed 44 spots to No. 82. SK Hynix ranked No. 210. Micron Technology and Advanced Micro Devices returned to the list after years away.
The auto sector showed wider divergence. BYD ranked No. 91, CATL climbed 43 places to No. 260, and Chery Automobile made the list for the first time as a listed company.
Wistron Group posted the biggest gain in the ranking, rising 298 places to No. 198.
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