Fortune 500 Statistics 2026
By Axis Intelligence Research
Co-author: Mia Scarlett | Last updated: August 16, 2026 | License: CC BY 4.0
The 500 largest companies in the United States booked $21.0 trillion in revenue and $2.1 trillion in profit on the 2026 Fortune 500, while employing 30.5 million people worldwide. Revenue rose 5 percent and profit rose 12 percent, but headcount fell by roughly 500,000 from the prior list. According to Axis Intelligence Research, that combination produced the highest revenue per employee the list has recorded.
Quick Answer
The 2026 Fortune 500 generated $21.0 trillion in revenue, $2.1 trillion in profits, and $55 trillion in combined market value, employing 30.5 million people. Amazon took the No. 1 spot with $716.9 billion in 2025 revenue, ending Walmart’s 13-year run at the top. According to Axis Intelligence Research, list revenue equals 68.3 percent of U.S. nominal GDP, and revenue per employee reached $688,525 — up 7.3 percent in a single year.
Key Findings
- According to Axis Intelligence Research, the 2026 Fortune 500 generated $21.0 trillion in revenue against U.S. nominal GDP of $30.77 trillion for 2025, a ratio of 68.3 percent.
- Fortune 500 revenue per employee reached $688,525 in 2026, a 7.3 percent increase over the 2025 list and 13.5 percent above the 2024 list, per Axis Intelligence Research calculations.
- Fortune 500 aggregate profit margin crossed 10.0 percent for the first time in the three list-years Axis Intelligence Research tracks, up from 9.4 percent on the 2025 list.
- The Axis Corporate Gravity Index (CGI), which measures the economic weight of the 500 largest U.S. firms, reads 108.9 as of August 2026, against a 2024-list baseline of 100.0.
- Texas overtook California as the leading Fortune 500 headquarters state with 57 companies to California’s 56, but California companies still hold 36.4 percent of the list’s total market value.
How Much Revenue Do Fortune 500 Companies Generate in 2026?
Fortune 500 companies generated $21.0 trillion in revenue for fiscal 2025, an increase of 5 percent, according to Fortune’s June 2026 announcement of the 72nd annual list. Profits reached $2.1 trillion, up 12 percent, and combined market value hit $55 trillion, up 19 percent.
The revenue threshold to make the list was $7.5 billion, up from $7.4 billion a year earlier — a 1.4 percent rise. That threshold is the number worth watching. It rose more slowly than the list’s aggregate revenue, which means the growth is not being distributed evenly down the ranks. It is stacking at the top.
Fortune 500 aggregate financials, 2024–2026 lists
| List year | Fiscal year | Revenue | Profits | Market value | Employees | Entry threshold | Source |
|---|---|---|---|---|---|---|---|
| 2026 | FY2025 | $21.0T | $2.1T | $55T | 30.5M | $7.5B | Fortune, June 3, 2026 |
| 2025 | FY2024 | $19.9T | $1.87T | $46T | 31.0M | $7.4B | Fortune, June 2, 2025 |
| 2024 | FY2023 | $18.8T | $1.7T | $43.0T | 31.0M | — | Fortune, June 4, 2024 |
Sources: Fortune Media (USA) Corporation press releases, retrieved August 16, 2026.
The year-over-year deltas are the story. The list added $1.1 trillion in revenue, $230 billion in profit, and $9 trillion in market value — while shedding roughly 500,000 workers.
Source: Axis Intelligence Research — CC BY 4.0
What Share of U.S. GDP Do Fortune 500 Companies Represent?
Fortune describes the list as representing roughly two-thirds of U.S. GDP. That framing is durable but imprecise, and it has not been recomputed publicly against the revised national accounts. Axis Intelligence Research ran the arithmetic against the Bureau of Economic Analysis current-dollar GDP series, which puts U.S. nominal GDP at $30,767.1 billion for calendar 2025.
Formula: Fortune 500 aggregate revenue ÷ U.S. nominal GDP × 100 Inputs: $21.0 trillion (Fortune, 2026 list) ÷ $30.7671 trillion (BEA, Table 7, March 13, 2026 release) Result: 68.3 percent
According to Axis Intelligence Research, the same calculation on the two prior lists yields 67.9 percent (2025 list against 2024 GDP of $29,298.0 billion) and 67.6 percent (2024 list against 2023 GDP of $27,811.5 billion). The ratio is climbing, but slowly — about seven-tenths of a percentage point across two years.
One caveat that matters for anyone citing this figure: Fortune 500 revenue is a gross measure that includes overseas sales and inter-company transactions, while GDP measures domestic value added. The two are not the same accounting object. The ratio is a scale comparison, not a claim that these 500 firms produce 68 percent of American economic output. Published side by side, that distinction is what separates a defensible number from a viral one.
Fortune 500 revenue against U.S. GDP
| List year | F500 revenue | U.S. nominal GDP | Ratio | Source |
|---|---|---|---|---|
| 2026 | $21.0T | $30,767.1B (2025) | 68.3% | Fortune; BEA |
| 2025 | $19.9T | $29,298.0B (2024) | 67.9% | Fortune; BEA |
| 2024 | $18.8T | $27,811.5B (2023) | 67.6% | Fortune; BEA |
Sources: Fortune Media press releases; U.S. Bureau of Economic Analysis, GDP (Second Estimate), 4th Quarter and Year 2025, Table 7. Retrieved August 16, 2026.
For scale on the other end of the distribution: the U.S. Census Bureau counts 5.58 million American firms with at least one employee but fewer than 500, plus 30,427,808 nonemployer establishments that together brought in about $1.8 trillion in 2023. The Fortune 500 out-earns the entire nonemployer economy by a factor of 11.7.
The Axis Corporate Gravity Index (CGI)
CGI — Corporate Gravity Index. A composite measure of how much economic weight the 500 largest U.S. companies exert, combining their scale relative to the national economy with the intensity at which they convert headcount and revenue into profit and market value.
Aggregate revenue alone is a poor proxy for corporate power because it moves with inflation and with the size of the economy. The CGI holds four sourced ratios together so that a reading is comparable across years.
Components and weights
| Component | Weight | 2026 input | Source of inputs |
|---|---|---|---|
| Revenue-to-GDP ratio | 35% | 68.25% | Fortune; BEA |
| Aggregate profit margin | 25% | 10.00% | Fortune |
| Market-value-to-GDP ratio | 25% | 178.8% | Fortune; BEA |
| Revenue per employee | 15% | $688,525 | Fortune |
Method. Each component is indexed to its 2024-list value (2024 list = 100.0 for every component), then combined at the stated weights. The baseline is the 2024 list because it is the earliest year for which all four inputs are available from a single primary publisher on a consistent basis.
CGI = 0.35(revenue-to-GDP index) + 0.25(margin index) + 0.25(market-value-to-GDP index) + 0.15(revenue-per-employee index)
CGI readings
| List year | Rev/GDP index | Margin index | Mkt value/GDP index | Rev/employee index | CGI |
|---|---|---|---|---|---|
| 2026 | 101.0 | 110.6 | 115.6 | 113.5 | 108.9 |
| 2025 | 100.5 | 103.9 | 101.5 | 105.9 | 102.4 |
| 2024 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 (baseline) |
Source: Axis Intelligence Research calculation from Fortune Media and U.S. Bureau of Economic Analysis inputs. Reading as of August 16, 2026.
The reading moved 6.5 points in one year, and almost none of that came from the revenue-to-GDP component. The 500 largest American firms are not capturing a meaningfully larger share of national economic scale. They are converting the scale they already had into much more profit and much more market value, with fewer people. The index does not capture private companies, which are excluded from the list by construction, and it reads market value at Fortune’s snapshot date rather than a fiscal-year average.
Mia Scarlett, Business Editor: Read the four components against each other and the quarter tells on itself. Revenue-to-GDP moved a point. Margin moved eleven. Market-value-to-GDP moved sixteen. When the denominator-facing component barely moves and the profitability components run away, you are not looking at expansion — you are looking at operating leverage and a re-rating. Investors paid 2.62 times revenue for this cohort in 2026 against 2.31 times a year earlier. That multiple is a forecast, not a result. It assumes the margin expansion holds. The Fortune 500 has expanded aggregate margin from 9.0 percent to 10.0 percent in two years while cutting headcount, and the interesting question for the 2027 list is whether the second year of that was structural or whether it was severance charges landing in one period and the savings landing in the next.
Which Company Is No. 1 on the 2026 Fortune 500?
Amazon is No. 1, ending Walmart’s 13-year run. Amazon reported net sales of $716.9 billion for 2025, up 12 percent, against Walmart’s $713.2 billion in total revenues for the fiscal year ended January 31, 2026. The margin between them is $3.7 billion — about half of one percent, and less than the revenue threshold required to make the list at all.
Only four companies have held the No. 1 position in 72 years: General Motors, ExxonMobil, Walmart, and now Amazon. Amazon entered the list at No. 492 just over two decades ago.
Top 10 companies on the 2026 Fortune 500
| Rank | Company | FY2025 revenue | Source |
|---|---|---|---|
| 1 | Amazon | $716.9B | Amazon Q4 2025 results (SEC) |
| 2 | Walmart | $713.2B | Walmart FY26 Q4 earnings release (SEC) |
| 3 | UnitedHealth Group | Not individually re-verified | Fortune ranking |
| 4 | Apple | Not individually re-verified | Fortune ranking |
| 5 | Alphabet | $402.8B | Alphabet FY2025 results (SEC) |
| 6 | CVS Health | Not individually re-verified | Fortune ranking |
| 7 | Berkshire Hathaway | Not individually re-verified | Fortune ranking |
| 8 | McKesson | Not individually re-verified | Fortune ranking |
| 9 | Exxon Mobil | Not individually re-verified | Fortune ranking |
| 10 | Cencora | Not individually re-verified | Fortune ranking |
Sources: Fortune Media press release, June 3, 2026 (ranking order); company results filed with the U.S. Securities and Exchange Commission (revenue figures). Retrieved August 16, 2026. Rows marked as not individually re-verified carry Fortune’s ranking but no company-filed revenue figure confirmed for this dataset.
Every company in the top 10 cleared $320 billion in revenue, and the ten combined for $4.5 trillion. According to Axis Intelligence Research, that is 21.4 percent of the entire list’s revenue, up from 21.1 percent on the 2025 list, when the top ten combined for $4.2 trillion.
Alphabet repeated as the most profitable company on the list, with net income of $132.2 billion on revenue of $402.8 billion — a 32.8 percent net margin, and 6.3 percent of every dollar of profit earned by the entire Fortune 500. Nvidia, at No. 16, became the first Fortune 500 company to reach a $4 trillion market value; it debuted on the list at No. 387 in 2017.
Fortune 500 Employment Statistics: The Headcount Divergence
This is where the 2026 list breaks from its own history. Fortune 500 companies employ 30.5 million people worldwide, down from 31 million on each of the two prior lists. Revenue rose 5 percent over the same period.
Formula: aggregate revenue ÷ aggregate worldwide employees Inputs: $21.0 trillion ÷ 30.5 million (2026 list); $19.9 trillion ÷ 31.0 million (2025 list) Result: $688,525 per employee in 2026, against $641,935 in 2025 — a 7.3 percent increase
According to Axis Intelligence Research, profit per Fortune 500 employee rose faster still, from $60,323 to $68,852, a 14.1 percent increase in one year.
Revenue and profit per Fortune 500 employee
| List year | Employees | Revenue/employee | Profit/employee | Source |
|---|---|---|---|---|
| 2026 | 30.5M | $688,525 | $68,852 | Axis Intelligence Research from Fortune data |
| 2025 | 31.0M | $641,935 | $60,323 | Axis Intelligence Research from Fortune data |
| 2024 | 31.0M | $606,452 | $54,839 | Axis Intelligence Research from Fortune data |
Source: Axis Intelligence Research calculation from Fortune Media aggregate figures. Retrieved August 16, 2026.
Two things to hold in mind before citing this. Fortune’s employment figure counts worldwide employees, so it cannot be read against U.S. payroll series published by the Bureau of Labor Statistics as a domestic employment share. And the list composition changes each year — twelve companies debuted on the 2026 list, so part of the headcount change reflects which firms are in the cohort, not what continuing firms did to their workforces. The direction of travel survives both caveats: aggregate revenue up, aggregate headcount down, on a list whose entry bar also rose.
Mia Scarlett, Business Editor: A 500,000-person decline across a cohort this size is not a layoff event; it is an accounting of one. Some of it is composition — Carvana leaping 94 places on 49 percent revenue growth does not carry the payroll of the company it displaced. Some of it is genuine reduction. What the aggregate cannot tell you is which, and no one should pretend otherwise from a single headline number. The number that would settle it is severance charges disclosed in the 10-Ks, company by company, and that is a filing-level exercise rather than a list-level one. What the aggregate does establish is that the marginal Fortune 500 dollar in 2025 arrived without a corresponding marginal employee, and that has now happened for two consecutive years.
Fortune 500 Companies by State and City in 2026
The 2026 Fortune 500 is headquartered across 229 cities in 39 states, up from 225 cities in 37 states a year earlier. Texas passed California on company count for the first time.
Fortune 500 headquarters by leading state
| State | Companies (2026) | Companies (2025) | Notable measure | Source |
|---|---|---|---|---|
| Texas | 57 | 54 | $2.8T combined revenue — most of any state | Fortune |
| California | 56 | 58 | $647B profits; $20T market value; 2.8M workers | Fortune |
| New York | 53 | 53 | — | Fortune |
Source: Fortune Media press releases, June 2026 and June 2025. Retrieved August 16, 2026.
The count changed hands; the weight did not. According to Axis Intelligence Research, California’s Fortune 500 companies hold 36.4 percent of the list’s entire $55 trillion market value and earn 30.8 percent of its $2.1 trillion in profits, while employing 9.2 percent of its workforce. Texas leads on combined revenue at $2.8 trillion, which works out to $49.1 billion per company — 13.3 percent of the list’s revenue from 11.4 percent of its companies.
Those two states are running different businesses. One is a revenue geography; the other is a margin geography. A headline that says Texas overtook California describes the least interesting of the available measures.
Fortune 500 headquarters by city
| City | Companies (2026) | Companies (2025) | Source |
|---|---|---|---|
| New York City | 43 | 43 | Fortune |
| Houston | 25 | 24 | Fortune |
| Chicago | 14 | 15 | Fortune |
| Atlanta | 13 | 13 | Fortune |
| Dallas | 11 | 9 | Fortune |
Source: Fortune Media press releases, June 2026 and June 2025. Retrieved August 16, 2026.
Which Sectors Dominate the Fortune 500?
Financial companies led all sectors with 95 companies, up two, generating $4.1 trillion in revenue (up 7 percent) and more than $474 billion in profits (up 3 percent). Healthcare generated $3.6 trillion in combined revenue and placed eight companies in the top 25.
According to Axis Intelligence Research, financials and healthcare together account for 36.7 percent of Fortune 500 revenue. Financials converted their revenue at an 11.6 percent net margin — above the list-wide 10.0 percent — while representing 19 percent of the companies.
Sector revenue on the 2026 Fortune 500
| Sector | Companies | Revenue | Profits | Share of list revenue | Source |
|---|---|---|---|---|---|
| Financials | 95 | $4.1T | $474B+ | 19.5% | Fortune |
| Health care | Not stated | $3.6T | Not stated | 17.1% | Fortune |
Source: Fortune Media press release, June 3, 2026; share-of-revenue column calculated by Axis Intelligence Research. Retrieved August 16, 2026.
Healthcare’s combined revenue rose from $3 trillion on the 2025 list to $3.6 trillion — a 20 percent increase, the fastest sector move Fortune disclosed in either year. Thirty years ago, in 1995, the top 25 of the Fortune 500 included no healthcare companies at all.
Twelve companies debuted on the 2026 list, including Galaxy Digital at No. 76, Medline at No. 159, Amentum Holdings at No. 313, Venture Global at No. 328, and Arista Networks at No. 444. Carvana, at No. 220, made the largest single-year climb, up 94 places on 49 percent revenue growth.
How Many Fortune 500 Companies Are Led by Women?
Fifty-five Fortune 500 companies are led by women in 2026, representing 11 percent of the list. That is the same count and the same share as the 2025 list.
Elevance Health, at No. 18, is the highest-ranked Fortune 500 company run by a female CEO. Others include Jane Fraser of Citigroup (No. 24), Mary Barra of General Motors (No. 23), Sarah London of Centene (No. 19), Carol Tome of UPS (No. 48), Tricia Griffith of Progressive (No. 51), Phebe Novakovic of General Dynamics (No. 91), and Thasunda Brown Duckett of TIAA (No. 94).
On the global list, women lead 34 of the Fortune Global 500, or 6.8 percent — a record. The U.S. contributes 16 of those 34, more than any other country.
Fortune 500 vs Fortune Global 500: How Do They Compare?
The two lists are built the same way — revenue for the most recent fiscal year — but on different universes. Amazon topped both in 2026.
Fortune 500 and Fortune Global 500 compared, 2026 lists
| Measure | Fortune 500 (U.S.) | Fortune Global 500 | Source |
|---|---|---|---|
| Aggregate revenue | $21.0T | $43.1T | Fortune |
| Aggregate profits | $2.1T | $3.4T | Fortune |
| Employees | 30.5M | 70.2M | Fortune |
| Aggregate margin | 10.0% | 7.9% | Axis Intelligence Research calculation |
| Revenue per employee | $688,525 | $613,960 | Axis Intelligence Research calculation |
Sources: Fortune Media press releases, June 3 and July 28, 2026; margin and per-employee columns calculated by Axis Intelligence Research. Retrieved August 16, 2026.
According to Axis Intelligence Research, the U.S. Fortune 500’s revenue equals 48.7 percent of the Fortune Global 500’s total, and its firms generate 12.1 percent more revenue per employee than the global cohort. The margin gap is wider: 10.0 percent against 7.9 percent.
The overlap matters when reading these together. U.S. companies on the Global 500 reached 141, the highest count since 2008, and generated $15.5 trillion in aggregate revenue there. That is a different set of companies from the Fortune 500 — smaller in number, larger in average size — so the two revenue figures cannot be added or subtracted.
Mia Scarlett, Business Editor: The Global 500 comparison is the one most likely to be misquoted, so state it carefully or not at all. Greater China’s count fell to 122, its lowest since 2018, and that will get read as American ascendancy. It is partly currency, partly the property and construction sector shrinking out of the revenue thresholds, and partly a technology sector whose revenues rose more than 20 percent to about $4 trillion globally with profits up 36 percent. Four companies — all American — cleared $100 billion in net income. A cohort where four firms each out-earn most national corporate sectors is a concentration story wearing a nationality label.
Methodology
Collection. Aggregate list figures were taken from Fortune Media (USA) Corporation press releases for the 2024, 2025, and 2026 Fortune 500 and the 2026 Fortune Global 500, each fetched and read in full on August 16, 2026. Company-level revenue and profit figures for Amazon, Walmart, and Alphabet were taken from results filed with the U.S. Securities and Exchange Commission, not from the ranking. U.S. nominal GDP came from the Bureau of Economic Analysis release GDP (Second Estimate), 4th Quarter and Year 2025 (BEA 26-15, March 13, 2026), Table 7. Business-population counts came from the U.S. Census Bureau.
Calculation. Every ratio in this dataset was recomputed in Python from the primary inputs before any prose was written. Revenue-to-GDP divides Fortune’s aggregate revenue by BEA current-dollar GDP for the matching calendar year. Revenue per employee divides aggregate revenue by aggregate worldwide employees. Aggregate margin divides aggregate profit by aggregate revenue.
Corporate Gravity Index. Four components, indexed to the 2024 list and weighted 35/25/25/15 as disclosed above. Weights were set to give primary standing to scale relative to the national economy (revenue-to-GDP) while allowing profitability and labor intensity to move the reading. A competent outsider can reproduce the August 2026 reading of 108.9 from the seven input figures published in the tables on this page.
Scope. Fortune ranks companies incorporated and operating in the United States that file financial statements with a government agency; revenue is for the fiscal year ending on or before a cutoff Fortune sets each year, as reported, without restatement for accounting changes. The list therefore excludes private companies that do not file, and its year-over-year aggregates reflect changes in list composition as well as changes at continuing companies. Market value is a snapshot at Fortune’s stated date. Employment counts are worldwide.
Where sources disagree. Fortune states list revenue as $21.0 trillion. A widely syndicated secondary compilation puts the same figure at $20.85 trillion and another at $20.4 trillion. Axis Intelligence Research publishes Fortune’s own figure because Fortune builds the list, and notes the discrepancy rather than reconciling it silently; readers comparing our ratios to others may find the difference here.
About This Dataset
Title: Fortune 500 Statistics 2026
Publisher: Axis Intelligence Research
File: fortune-500-statistics-2026.csv
License: Creative Commons Attribution 4.0 International (CC BY 4.0)
Coverage: 2024, 2025, and 2026 Fortune 500 lists (fiscal years 2023–2025); 2026 Fortune Global 500
Contents: Aggregate revenue, profit, market value, employment and entry thresholds; state and city headquarters counts; sector revenue; top-ten ranking; Axis-calculated ratios and Corporate Gravity Index components, each row carrying source organization, source document, URL, retrieval date, primary-source flag, and method note.
Citation formats
- APA: Axis Intelligence Research. (2026). Fortune 500 statistics 2026. Axis Intelligence. https://axis-intelligence.com/fortune-500-statistics/
- MLA: Axis Intelligence Research. “Fortune 500 Statistics 2026.” Axis Intelligence, 2026, axis-intelligence.com/fortune-500-statistics/.
- Chicago: Axis Intelligence Research. “Fortune 500 Statistics 2026.” Axis Intelligence. 2026. https://axis-intelligence.com/fortune-500-statistics/.
Frequently Asked Questions
What revenue does a company need to make the Fortune 500 in 2026?
$7.5 billion. That was the revenue threshold for the 2026 list, up 1.4 percent from $7.4 billion for the 2025 list. The threshold is the cleanest single indicator of whether growth on the list is broad or concentrated: it rose far more slowly than the list’s 5 percent aggregate revenue increase, which places the growth in the upper ranks rather than at the cutoff line.
Does Fortune 500 revenue actually equal two-thirds of U.S. GDP?
The ratio is 68.3 percent for 2026 by Axis Intelligence Research’s calculation, so the shorthand holds arithmetically. It does not hold conceptually. Fortune 500 revenue is gross and includes foreign sales; GDP measures domestic value added and nets out intermediate transactions. Treat the figure as a scale comparison rather than a share of output.
Why did Fortune 500 headcount fall while revenue rose?
Aggregate worldwide employment fell from 31 million to 30.5 million while revenue rose 5 percent, producing record revenue per employee of $688,525. The aggregate cannot separate workforce reductions at continuing companies from list-composition changes, since twelve companies debuted in 2026. Resolving it requires reading severance disclosures in individual 10-K filings rather than list totals.
Is the Fortune 500 more concentrated than it used to be?
On the measures available, yes. The top ten took 21.4 percent of list revenue in 2026 against 21.1 percent in 2025, and combined market value rose 19 percent against 5 percent revenue growth. The Axis Corporate Gravity Index reads 108.9 against a 2024 baseline of 100.0, with almost all of the movement coming from margin and market value rather than scale.
How does the Fortune 500 ranking differ from a market-capitalization ranking?
Fortune ranks by revenue for the most recent fiscal year, as reported. That is why Amazon and Walmart occupy the top two positions with roughly $715 billion each while Nvidia, the list’s most valuable company at a $4 trillion market value, sits at No. 16. Revenue rankings favor distribution, retail, and healthcare intermediaries; market-value rankings favor margin and growth expectations.
Which state has the most Fortune 500 companies in 2026?
Texas, with 57, ahead of California with 56 and New York with 53. Texas also leads on combined revenue at $2.8 trillion. California leads on profits ($647 billion), market value ($20 trillion) and Fortune 500 employment (2.8 million workers), holding 36.4 percent of the list’s total market value by Axis Intelligence Research’s calculation.
How many Fortune 500 CEOs are women in 2026?
Fifty-five, or 11 percent of the list — unchanged in both count and share from 2025. Elevance Health at No. 18 is the highest-ranked company with a female CEO. On the Fortune Global 500, women lead 34 companies, 6.8 percent, of which 16 are American.
Can Fortune 500 and Fortune Global 500 revenue figures be combined?
No. The Fortune 500 covers U.S. companies; the Fortune Global 500 covers the world’s largest companies and includes 141 U.S. firms generating $15.5 trillion. The two lists overlap heavily but are not nested, so their revenue totals cannot be added, subtracted, or netted against each other.
What is the Axis Corporate Gravity Index?
CGI is a four-component composite built by Axis Intelligence Research that measures the economic weight of the 500 largest U.S. companies: revenue-to-GDP (35 percent), aggregate profit margin (25 percent), market-value-to-GDP (25 percent), and revenue per employee (15 percent). Each component is indexed to the 2024 Fortune 500 list. The August 2026 reading is 108.9.
How often does the No. 1 Fortune 500 company change?
Rarely. Four companies have held the top spot across 72 editions: General Motors, ExxonMobil, Walmart, and Amazon. Walmart held it for 13 consecutive years before Amazon passed it in 2026 by $3.7 billion — a gap smaller than the revenue required to enter the list.