Global commerce moves quickly, driven by corporations generating substantial revenues, but which companies currently lead in terms of consolidated revenue?
We’ve ranked the world’s biggest firms by consolidated revenue, recognised for the fiscal year as of 22 April 2026.
Our table below shows the ten companies with the highest revenue as of 22 April 2026. Each entry lists revenue in US dollars and the company’s main country of listing.
| Rank | Company | Market cap (USD) | Share price (USD) | Country |
|---|---|---|---|---|
| 1 | Amazon | $716.9bn | $253.36 | USA |
| 2 | Walmart | $713.2bn | $129.56 | USA |
| 3 | Saudi Aramco | $448.6bn | $7.27 | Saudi Arabia |
| 4 | UnitedHealth | $447.6bn | $355.16 | USA |
| 5 | Sinopec | $444.7bn | $0.80 | China |
| 6 | Apple | $435.6bn | $270.13 | USA |
| 7 | Alphabet (Google) | $402.8bn | $335.28 | USA |
| 8 | CVS Health | $402.1bn | $77.50 | USA |
| 9 | McKesson | $398bn | $840.39 | USA |
| 10 | Berkshire Hathaway | $395.1bn | $470.28 | USA |
The data on this page is drawn from public disclosures and annual reports. It is for informational purposes only and does not constitute investment advice. Figures are accurate as of the stated date but may change without prior notice.
The companies topping this list span e-commerce, healthcare, energy, and technology, showing how different sectors can generate substantial top-line income. Amazon posted net sales of $716.9bn for fiscal 2025, up 12% year-on-year from $638bn in 2024, supported by growth in both retail and cloud (Amazon Investor Relations, 5 February 2026). Walmart reported $713.2bn in revenue for fiscal 2025, up from $680.98bn a year earlier, reflecting its scale across grocery, general merchandise, and international operations (MarketScreener, 19 February 2026). With less than $4bn separating them, the gap between the two highlights how closely contested the top of the global revenue rankings has become. It also shows that companies can reach similar revenue totals through different business models, even within overlapping areas such as retail and e-commerce.
Three of the top 10 highest-revenue companies – UnitedHealth, CVS Health, and McKesson – operate in US healthcare and pharmacy distribution, which points to the size and complexity of the sector. UnitedHealth recorded $447.6bn in revenue for 2025, up 12% year-on-year, although net profit fell to $12.1bn, its lowest level since 2018, as medical costs and restructuring charges weighed on margins (Yahoo Finance, 27 January 2026). CVS Health posted record full-year revenue of $402.1bn, up 7.8% from the previous year, with Q4 revenue reaching $105.7bn (CVS Health, 10 February 2026). These figures show that large revenue does not always lead to equally strong profit. In healthcare, high volumes can sit alongside tighter margins, as reimbursement pressure, operating costs, and regulatory factors all affect how much income companies keep.
Despite their large revenues, Saudi Aramco and Sinopec both faced earnings pressure in 2025 as commodity prices weakened. Aramco reported a 12% decline in annual profit, driven mainly by lower crude oil prices and weaker prices for refined and chemical products, although higher sales volumes partly offset the fall (Enerdata, 11 March 2026). Sinopec reported full-year operating income of 2.78 trillion RMB for 2025, while net profit attributable to shareholders came in at 32.476bn RMB (Sinopec Group, 22 March 2026). Together, these results show that energy companies can still rank highly by revenue even when profitability comes under pressure. Their top-line performance often reflects scale, but margins can remain sensitive to shifts in oil and gas prices, refining conditions, and broader demand trends.
Apple and Alphabet both rank in the top 10, illustrating how broad technology revenue streams have become across hardware, services, advertising, and cloud infrastructure. Apple generated $416bn in total revenue in fiscal 2025, a 6% increase over fiscal 2024, while Q4 revenue reached $102.5bn, up 8% year-on-year (Apple Newsroom, 30 October 2025). Alphabet passed $400bn in annual revenue for the first time in 2025, with growth of 15% year-on-year, supported by Google Cloud reaching a $70bn annual run rate and YouTube generating over $60bn from advertising and subscriptions (Forbes, 4 February 2026). Although both companies sit in the same broad sector, their revenue drivers differ. Apple remains closely linked to consumer product and services cycles, while Alphabet relies more heavily on advertising and cloud demand – a difference that can shape how each company responds to changes in consumer spending, business investment, and digital ad activity.
Revenue represents the consolidated top-line operating income reported in a company’s annual financial statements. It excludes one-off gains and other non-operating income, and is expressed in US dollars.
Contracts for difference (CFDs) traders can access share CFDs on some of these companies to speculate on price movements. CFDs are traded on margin, and leverage can magnify both profits and losses. Revenue data can indicate a company’s market presence and highlight potential influences on share price movements.
Not necessarily. While larger firms may offer scale and stability, revenue size does not remove volatility, and growth rates can still differ. Diversification across sectors, company sizes and volatility levels is one way traders may manage exposure. Past performance is not a reliable indicator of future results.
Beginners could research a company’s financial position and industry outlook. It’s also important to understand the risks involved when trading CFDs, practise on a demo account, and use available risk management tools such as stop-loss orders. Standard stop-loss orders are not guaranteed, and guaranteed stop-loss orders (GSLOs) incur a fee if activated.
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