List of public corporations by market capitalization


The following is a list of publicly traded companies, that have the largest market capitalization or sometimes described as their "market value".
Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day. The list is expressed in USD millions, using exchange rates from the selected day to convert other currencies.

Trillion-dollar companies

The table below lists all companies that have ever had a market capitalization exceeding $1 trillion, the date on which their market cap first exceeded $1 trillion and their record market cap.

Publicly traded companies

Only companies with free float of at least 15% are included; the value of unlisted stock classes is excluded. Investment companies are not included in the list.
Note: All market capitalization figures are in USD millions.

2025

This list is up to date. Indicated changes in market value are relative to the previous quarter.

2024

Source:
This list is up to date. Indicated changes in market value are relative to the previous quarter.

2023

This list is up to date as of 31 December 2023. Indicated changes in market value are relative to the previous quarter.

2022

This list is as of 31 December 2022. Indicated changes in market value are relative to the previous quarter.

2021

This list is up to date as of 2021. Indicated changes in market value are relative to the previous quarter.

RankFirst quarterFirst quarterSecond quarterSecond quarterThird quarterThird quarterFourth quarterFourth quarter
1decrease

2020

This Financial Times–based list is up to data as of 2020. Indicated changes in market value are relative to the previous quarter.
RankFirst quarterFirst quarterSecond quarterSecond quarterThird quarterThird quarterFourth quarterFourth quarter
1decrease

2019

This Financial Times–based list is up to date as of 2019. Indicated changes in market value are relative to the previous quarter.
RankFirst quarterFirst quarterSecond quarterSecond quarterThird quarterThird quarterFourth quarterFourth quarter
1increase

2018

This Financial Times–based list is up to date as of 2018. Indicated changes in market value are relative to the previous quarter.
RankFirst quarterFirst quarterSecond quarterSecond quarterThird quarterThird quarterFourth quarterFourth quarter
1decrease

2017

This Financial Times–based list is up to date as of 2017. Indicated changes in market value are relative to the previous quarter.

2016

This Financial Times–based list is up to date as of 2016. Indicated changes in market value are relative to the previous quarter.

2015

This Financial Times–based list is up to date as of 2015. Indicated changes in market value are relative to the previous quarter.

2014

This Financial Times–based list is up to date as of 2014. Indicated changes in market value are relative to the previous quarter.

2013

This Financial Times–based list is up to date as of 31 December 2013. Indicated changes in market value are relative to the previous quarter.

2012

This Financial Times–based list is up to date as of 31 December 2012. Indicated changes in market value are relative to the previous quarter.

2011

This Financial Times–based list is up to date as of 31 December 2011. Indicated changes in market value are relative to the previous quarter.

2010

This Financial Times–based list is up to date as of 31 December 2010. Indicated changes in market value are relative to the previous quarter.

2009

This Financial Times–based list is up to date as of 31 December 2009. Indicated changes in market value are relative to the previous quarter.

2008

This Financial Times–based list is up to date as of 31 December 2008. Indicated changes in market value are relative to the previous quarter.

2007

This Financial Times–based list is up to date as of 31 December 2007. Indicated changes in market value are relative to the previous quarter.

2006

This Financial Times–based list is up to date as of December 2006. Indicated changes in market value are relative to the previous quarter.

2005

This Financial Times–based list is up to date as of 31 March 2005.
RankNameCountryPrimary industryMarket value
1General ElectricUnited StatesConglomerate382,233
2ExxonMobilUnited StatesOil and gas380,567
3MicrosoftUnited StatesSoftware industry262,975
4CitigroupUnited StatesBanking234,437
5BPUnited KingdomOil and gas221,365
6WalmartUnited StatesRetail212,209
7Royal Dutch ShellNetherlands
United Kingdom		Oil and gas210,630
8Johnson & JohnsonUnited StatesHealth care199,711
9PfizerUnited StatesHealth care195,945
10Bank of AmericaUnited StatesBanking178,765

2004

This Financial Times–based list is up to date as 31 March 2004.
RankNameCountryPrimary industryMarket value
1General ElectricUnited StatesConglomerate299,336
2MicrosoftUnited StatesSoftware industry271,911
3ExxonMobilUnited StatesOil and gas263,940
4PfizerUnited StatesHealth care261,616
5CitigroupUnited StatesBanking259,191
6WalmartUnited StatesRetail258,888
7American International GroupUnited StatesInsurance183,696
8Intel CorporationUnited StatesComputer hardware179,996
9BPUnited KingdomOil and gas174,648
10HSBCUnited KingdomBanking163,574

2003

This Financial Times–based list is up to date as December 2003.
RankNameCountryPrimary industryMarket value
1MicrosoftUnited StatesSoftware industry264,003
2General ElectricUnited StatesConglomerate259,647
3ExxonMobilUnited StatesOil and gas241,037
4WalmartUnited StatesRetail234,399
5PfizerUnited StatesHealth care195,948
6CitigroupUnited StatesBanking183,887
7Johnson & JohnsonUnited StatesHealth care170,417
8Royal Dutch ShellNetherlands
United Kingdom		Oil and gas149,034
9BPUnited KingdomOil and gas144,381
10IBMUnited StatesComputer software, computer hardware139,272

2002

This Financial Times–based list is up to date December 2002.
RankNameCountryPrimary industryMarket value
1General ElectricUnited StatesConglomerate372,089
2MicrosoftUnited StatesSoftware industry326,639
3ExxonMobilUnited StatesOil and gas299,820
4WalmartUnited StatesRetail273,220
5CitigroupUnited StatesBanking255,299
6PfizerUnited StatesHealth care249,021
7Intel CorporationUnited StatesComputer hardware203,838
8BPUnited KingdomOil and gas200,794
9Johnson & JohnsonUnited StatesHealth care197,912
10Royal Dutch ShellNetherlands
United Kingdom		Oil and gas189,913

2001

This Financial Times–based list is up to date as 31 March 2001.
RankNameCountryPrimary industryMarket value
1General ElectricUnited StatesConglomerate477,406
2Cisco SystemsUnited StatesNetworking hardware304,699
3ExxonMobilUnited StatesOil and gas286,367
4PfizerUnited StatesHealth care263,996
5MicrosoftUnited StatesSoftware industry258,436
6WalmartUnited StatesRetail250,955
7CitigroupUnited StatesBanking250,143
8VodafoneUnited KingdomTelecommunications227,175
9IntelUnited StatesComputer hardware227,048
10Royal Dutch ShellNetherlands
United Kingdom		Oil and gas206,340