Overview
- Fortune's 2026 list, released June 3, 2026, ranks Amazon as No. 1 by fiscal 2025 revenue, ending Walmart's 13-year run and placing Walmart at No. 2.
- Amazon reported roughly $700 billion-plus in 2025 revenue, about 12% growth year over year, and executives say AI-related sales are expanding at triple-digit rates.
- Nvidia moved up to No. 16 and became the most valuable Fortune 500 company with a market value above $4 trillion, while Alphabet recorded a record $132 billion in profit as the list's most profitable firm.
- The Fortune 500 set new aggregate records with $21.0 trillion in revenues, $2.1 trillion in profits and $55 trillion in combined market value, and a record 55 companies are led by women.
- The shift highlights growing concentration of profit and market value in a few tech and health firms, a rise that is already reshaping hiring, competition and investor focus across the U.S. economy.