Largest Companies in The World 2023 [20 Most Valuable] (2024)

Welcome to our list of the world’s largest and most valuable companies for 2023. Every year, the business landscape shifts and changes, and it is important to keep track of the companies leading the way in terms of size and value. This list will find the Largest Companies In the World from various industries, including technology, finance, energy, and more.

These companies have made their mark on the world through their innovative products, services, and business models, and they continue to drive growth and success in their respective fields. Whether you are a business professional, investor, or simply interested in learning more about the global economy, this list will surely provide valuable insights and information.

List of 20 Largest Companies in 2023 – Market Cap & Revenue

According to Forbes, the world’s largest companies are determined by their market cap value. The top 20 largest companies in the world that are based on their market value, are all technology and consumer services giants.

1. Apple Inc.

Apple is a multinational technology company known for its innovative and high-quality products, including the iPhone, iPad, and Mac. Founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has grown to become one of the world’s largest and most valuable companies.

The company is headquartered in Cupertino, California, and has a global presence, with operations and sales in more than 100 countries. Apple is known for its strong brand identity and loyal customer base, and it consistently ranks as one of the most admired and trusted companies in the world. In addition to its hardware products, Apple also offers a range of software and services, including the App Store, Apple Music, and iCloud.

• Year Founded: 1976
• Revenue (TTM): $378.3 billion
• Net Income (TTM): $100.5 billion
• Market Cap: $2.65 Trillion
• Exchange: Nasdaq

2. Saudi Aramco (2222.SR)

Saudi Aramco is a state-owned petroleum and natural gas company based in Saudi Arabia. It is the largest company in the world by revenue and is a major player in the global energy industry. Saudi Aramco was founded in 1933 and is headquartered in Dhahran, Saudi Arabia.

The company is responsible for the exploration, production, refinement, and distribution of oil and natural gas, and it operates a vast network of pipelines and facilities throughout the Middle East. In addition to its core business, Saudi Aramco is involved in many other activities, including petrochemicals, power generation, and water desalination. The company is known for its efficient operations and strong financial performance and is a key contributor to the Saudi Arabian economy.

• Year Founded: 1933
• Revenue (TTM): $346.5 billion
• Net Income (TTM): $88.1 billion
• Market Cap: $2.33 trillion
• Exchange: Tadawul (Saudi Stock Exchange)

3. Microsoft Corp. (MSFT)

Microsoft Corp. (MSFT) is a technology company best known for its Windows operating system and Microsoft Office productivity software suite. Founded by Bill Gates and Paul Allen, Microsoft has grown to become one of the world’s largest and most influential companies. The company is headquartered in Redmond, Washington, with operations and sales in over 100 countries.

Along with its software products, Microsoft also offers personal computers, gaming consoles, and mobile devices. With a history of introducing innovative products and technologies, the company is known for its strong research and development efforts. Through its diverse portfolio of products and services, Microsoft continues to drive growth and success.

• Year Founded: 1975
• Revenue (TTM): $184.9 billion
• Net Income (TTM): $71.2 billion
• Market Cap: $2.10 trillion
• Exchange: Nasdaq

4. Alphabet Inc. (GOOGLE)

Alphabet Inc. (GOOGLE) is a multinational technology company that is the parent company of Google and several other subsidiaries. With its founders, Larry Page and Sergey Brin, Google have grown into one of the world’s largest companies. The company is headquartered in Mountain View, California, and has a global presence, with operations and sales in over 100 countries.

Aside from its search engine and other web-based products, Google also offers Android operating systems, Google Home smart speakers, and Google Pixel smartphones. With a history of introducing innovative products and technologies, Alphabet Inc. is known for its strong R&D efforts. The company continues to drive growth and success through its diverse portfolio of products and services.

• Year Founded: 1998
• Revenue (TTM): $257.6 billion
• Net Income (TTM): $76.0 billion
• Market Cap: $1.33 Trillion
• Exchange: Nasdaq

5. Amazon.com Inc. (AMZN)

As one of the largest e-commerce companies in the world, Amazon.com Inc. (AMZN) is a multinational technology and e-commerce company based in Seattle, Washington. Founded in 1994 by Jeff Bezos, Amazon is known for its online retail platform, Amazon.com, which has become one of the most valuable and successful companies in the world. In addition to its online retail platform, Amazon also offers cloud computing, digital streaming, and artificial intelligence.

The company has a global presence, with operations and sales in more than 20 countries. Amazon is recognized as one of the most admired and trusted companies worldwide and is known for its strong customer focus and innovative business model. The company’s diverse portfolio of products and services has contributed to its ongoing growth and success.

• Year Founded: 1994
• Revenue (TTM): $469.8 billion
• Net Income (TTM): $33.4 billion
• Market Cap: $1.42 trillion
• Exchange: Nasdaq

6. Tesla Inc. (TSLA)

As one of the largest car companies in the world, Tesla Inc. (TSLA) is a multinational company based in Palo Alto, California, that designs and manufactures electric vehicles, energy storage systems, and solar panel systems. Founded by entrepreneur Elon Musk, Tesla has become a leader in the electric vehicle and renewable energy industries, operating in over 30 countries globally.

In addition to its core business, Tesla is also involved in space exploration and artificial intelligence. The company has gained a reputation for its innovative and high-quality products and has a strong brand identity and a loyal customer base. Tesla is committed to sustainability and innovation, and this focus has contributed to its continued growth and success.

• Year Founded: 2003
• Revenue (TTM): $53.8 billion
• Net Income (TTM): $5.5 billion
• Market Cap: $910 billion
• Exchange: Nasdaq

7. Berkshire Hathaway Inc. (BRK.A)

Berkshire Hathaway Inc. (BRK.A) is a multinational conglomerate holding company headquartered in Omaha, Nebraska. Oliver Chace founded it as the Valley Falls Company and later merged with the Berkshire Cotton Manufacturing Company in 1955. Berkshire Hathaway is led by Chairman and CEO Warren Buffett, who is widely regarded as one of the most successful investors in the world.

The company has diverse business interests, including insurance, utilities, railroads, retail, and finance. Berkshire Hathaway is known for its strong financial performance and consistently ranks highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1839
• Revenue (TTM): $276.1 billion
• Net Income (TTM): $89.8 billion
• Market Cap: $614 Billion
• Exchange: New York Stock Exchange (NYSE)

8. Meta Platforms Inc. (META)

Meta Platforms is a technology company that owns and operates several digital platforms, including Facebook, the world’s largest social media network. In addition to Facebook, the company offers Instagram, a photo-sharing app; Messenger and WhatsApp, two separate messaging apps; and Facebook Reality Labs, which develops augmented and virtual reality products.

Meta Platforms is also developing the metaverse, a virtual world that combines social media, online gaming, augmented reality, virtual reality, and cryptocurrencies. Through its products and platforms, Meta Platforms enables individuals and businesses to connect and communicate with each other using mobile devices, personal computers, and in-home devices such as VR headsets.

• Year Founded: 2004
• Revenue (TTM): $117.9 billion
• Net Income (TTM): $39.4 billion
• Market Cap: $373 Billion
• Exchange: Nasdaq

9. Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)

Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) is a global leader in the semiconductor industry. It is headquartered in Hsinchu, Taiwan, and is the world’s largest dedicated independent semiconductor foundry. The company provides a range of integrated circuits (ICs) and other related products and services for customers in various industries, including consumer electronics, automotive, communications, and computing.

TSM has a strong track record of innovation and has consistently ranked as one of the top companies in the semiconductor industry. TSM has a diversified customer base and operates globally, with facilities in Taiwan, China, Singapore, and the United States.

• Year Founded: 1987
• Revenue (TTM): $56.8 billion
• Net Income (TTM): $21.4 billion
• Market Cap: $456 billion
• Exchange: NYSE

10. UnitedHealth

UnitedHealth Group Inc. (UHG) is a multinational healthcare company based in Minnetonka, Minnesota. It is one of the largest healthcare companies in the world, with a diverse range of business interests, including health insurance, healthcare services, and technology solutions. The company serves individuals, families, and businesses through its various subsidiaries, including UnitedHealthcare and Optum.

UnitedHealth has a strong presence in the United States but also operates globally, serving customers in over 130 countries. In 2022, the company reported revenue of over $400.38 billion. UnitedHealth is known for its commitment to innovation and has consistently ranked highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1977
• Revenue (TTM): $80.3 billion
• Net Income (TTM): $19.430 billion
• Market Cap: $493 Billion
• Exchange: NYSE

11. NVIDIA Corp. (NVDA)

NVIDIA Corp. (NVDA) is a technology company specializing in designing and manufacturing graphics processing units (GPUs) and other related products. Based in Santa Clara, California, the company was founded in 1993 and now has a global presence. NVIDIA’s GPUs are used in a wide range of applications, including gaming, professional visualization, data centers, and artificial intelligence (AI).

In addition to GPUs, the company offers other products and technologies, such as systems on a chip (SoCs), deep learning software, and cloud-based AI services. NVIDIA has a strong innovation track record and consistently ranks highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1993
• Revenue (TTM): $26.9 billion
• Net Income (TTM): $9.8 billion
• Market Cap: $328 Billion
• Exchange: Nasdaq

12. Johnson & Johnson

Johnson & Johnson (JNJ) is a multinational healthcare company based in New Brunswick, New Jersey. It was founded in 1886 and is one of the world’s largest and most diverse healthcare companies, with a range of business interests including pharmaceuticals, medical devices, and consumer products.

The company’s products are sold in more than 175 countries and are used by billions of people around the world. Johnson & Johnson is known for its commitment to innovation and has consistently ranked highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1886
• Revenue (TTM): $94.04 billion
• Net Income (TTM): $19.157 billion
• Market Cap: $434 billion
• Exchange: NYSE

13. VISA

Visa Inc. is a multinational financial services company headquartered in Foster City, California. It is one of the world’s largest payment technology companies, with a network that spans more than 200 countries and territories. Visa offers a range of payment products and services, including credit cards, debit cards, prepaid cards, and mobile payments.

Millions of consumers, merchants, and financial institutions use the company’s products worldwide. Visa has a strong innovation track record and consistently ranks highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1958
• Revenue (TTM): $7,787 Million
• Net Income (TTM): $14.957 billion
• Market Cap: $388 Billion
• Exchange: NYSE

14. Walmart

Walmart Inc. is a multinational retail company with headquarters located in Bentonville, Arkansas. It is one of the world’s largest retailers, with a presence in over 27 countries and more than 11,500 stores worldwide.

The company operates through various retail formats, including discount stores, supercenters, and small markets. Walmart offers various products and services, including groceries, clothing, electronics, and home goods. The company is known for its commitment to low prices and has consistently ranked highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1962
• Revenue (TTM): $573 billion
• Net Income (TTM): $8.967 billion
• Market Cap: $387.72 billion
• Exchange: NYSE

15. Tencent Holdings

Tencent Holdings is a multinational conglomerate holding company based in Shenzhen, China. It is one of the world’s largest and most diversified technology companies, with a range of business interests, including internet services, artificial intelligence, and digital content.

Millions of people worldwide use Tencent’s products and services, including its popular messaging app WeChat and the gaming platform Tencent Games. The company has a strong track record of innovation and consistently ranks highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1998
• Revenue (TTM): $83.64 billion
• Net Income (TTM): $27.17 billion
• Market Cap: $2.67 Trillion
• Exchange: HKG

16. Procter & Gamble

Procter & Gamble (P&G) is a multinational consumer goods company headquartered in Cincinnati, Ohio. It was founded in 1837 and is one of the world’s largest and most diversified consumer goods companies, with a range of products that include household and personal care items, food and beverages, and health and wellness products.

P&G’s products are sold in more than 180 countries and are used by billions of people worldwide. The company has a strong track record of innovation and consistently ranks highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1837
• Revenue (TTM): $80.461 billion
• Net Income (TTM): $14.287 billion
• Market Cap: $387.72 billion
• Exchange: NYSE

17. JPMorgan Chase

The JPMorgan Chase & Co. is one of the world’s leading international financial services companies headquartered in New York City. It is one of the largest banks in the United States and one of the largest financial institutions in the world. The company provides a range of financial products and services, including retail and commercial banking, asset and wealth management, and investment banking.

JPMorgan Chase serves millions of customers around the world and has a strong presence in the global financial markets. The company has a long history dating back to 1799 and has consistently ranked highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1799
• Revenue (TTM): $123.41 billion
• Net Income (TTM): $ 37.07 billion
• Market Cap: $385.07 billion
• Exchange: NYSE

18. Samsung Group

Samsung Group is a multinational conglomerate based in Seoul, South Korea, at the heart of the Korean Peninsula. It is one of the world’s largest and most diversified companies, with a range of business interests, including electronics, finance, and engineering. Samsung is best known for its consumer electronics products, including smartphones, tablets, and TVs, sold in more than 200 countries.

The company also has a strong presence in the semiconductor and construction industries and operates several subsidiaries in these and other sectors. Samsung has a long history dating back to 1938 and has consistently ranked highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1938
• Revenue (TTM): $241.60 billion
• Net Income (TTM): $ 33.73 billion
• Market Cap: $274.78 billion
• Exchange: KRX

19. Nestle

Nestlé is a multinational food and beverage company based in Vevey, Switzerland. It is one of the world’s largest and most diversified foods and beverage companies, with a range of products that includes coffee, water, dairy, pet food, and snack foods.

Nestlé’s products are sold in more than 191 countries and consumed by millions of people worldwide. The company has a long history dating back to 1866 and has consistently ranked highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1866
• Revenue (TTM): $2.08 billion
• Net Income (TTM): $17.33 billion
• Market Cap: $318.01 billion
• Exchange: SWX

20. ExxonMobil

ExxonMobil is a multinational energy company headquartered in Irving, Texas. It is one of the world’s largest and most diversified energy companies, with a range of business interests, including oil, natural gas, and petrochemicals.

ExxonMobil operates in more than 50 countries and has a strong presence in the global energy market. The company is known for its commitment to innovation and consistently ranks highly on Fortune’s list of the “World’s Most Admired Companies.”

• Year Founded: 1999
• Revenue (TTM): $386.82 billion
• Net Income (TTM): $51.86 billion
• Market Cap: $447.54 billion
• Exchange: NYSE

Frequently asked Questions:

Conclusion:

In conclusion, the largest companies in the world by market cap are a diverse group of multinational corporations operating in various industries. These companies have achieved significant financial success and have a strong presence in the global economy. Some of the current largest companies in the world by market cap include Apple, Microsoft, Amazon, Alphabet, and Saudi Aramco.