How much money Fortune 500 companies actually make

The 63rd running of the Fortune 500 list reveals that the top US companies represent two-thirds of the US GDP with $12 trillion in revenues, $890 billion in profits, $19 trillion in market value.

The list ranks companies by total revenues for their respective fiscal years, and includes only companies that are incorporated in the US and operate in the US and file financial statements with a government agency.

Retaining its position at the top of the list is retail giant Walmart, which brought in $485.9 billion in revenue in its most recent financial year – more than double that of second placed Berkshire Hathaway of Warren Buffett fame, with revenue of $223.6 billion.

Apple remains the biggest tech company in the world, with revenue of $215.6 billion, though it is not the only tech or telecom company represented in the top 10, with telecoms giant, AT&T, listed at 9th with revenue of $163.8 billion.

The lowest ranked company, ABM Industries – which also represents the ‘cut off’ point for companies to make the top 500 – reported total revenues of $5.15 billion.

These are the 20 biggest Fortune 500 companies

# Company Revenue (millions)
1 Walmart $485 873
2 Berkshire Hathaway $223 604
3 Apple $215 639
4 Exxon Mobile $205 004
5 McKesson $192 487
6 UnitedHealth Group $184 840
7 CVS Health $177 526
8 General Motors $166 380
9 AT&T $163 786
10 Ford Motor $151 800
11 AmerisourceBergen $146 850
12 Amazon.com $135 987
13 General Electric $126 661
14 Verizon $125 980
15 Cardinal Health $121 546
16 Costco $118 719
17 Walgreens Boots Alliance $117 351
18 Kroger $115 337
19 Chevron $107 567
20 Fannie Mae $107 162

Looking at profits, things change quite substantially.

Walwart drops to 11th position (with profits of $13.6 billion), making way for Apple to take the crown with profits of $45.7 billion. This is far ahead of the number two profiteer, JP Morgan Chase, whose profits came to $24.7 billion in the most recent financial year.

Apple, which is the 9th largest company in the world, according to the Forbes 2000 ranking, is also the most profitable company in the world – even higher than the Chinese banks which fill the top of the global ranking.

These are the 20 most profitable Fortune 500 companies

# Company Profit (millions)
1 Apple $45 687
2 JP Morgan Chase $24 733
3 Berkshire Hathaway $24 074
4 Wells Fargo $21 938
5 Alphabet $19 748
6 Bank of America Corp. $17 906
7 Microsoft $16 798
8 Johnson & Johnson $16 540
9 Citigroup $14 912
10 Altria Group $14 239
11 Walmart $13 643
12 Gilead Sciences $13 501
13 Verizon $13 127
14 AT&T $12 976
15 Fannie Mae $12 313
16 IBM $11 872
17 Cisco Systems $10 739
18 Procter & Gamble $10 508
19 Intel $10 316
20 Facebook $10 217

Read: Here are the 20 largest companies in the world by market cap

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