Apple Drops to Eighth in the 2025 Fortune Global 500 Rankings
Apple has fallen one spot in the 2025 Fortune Global 500 list, now sitting at number eight. The tech giant was overtaken by UnitedHealth Group, marking the second time this year the healthcare company has outpaced Apple, the first being in the U.S.-only Fortune 500 list released in June.
UnitedHealth Group Overtakes Apple
UnitedHealth Group climbed from 8th to 7th place, pushing Apple down to 8th on the global list. This mirrors a similar ranking shift seen in Fortune’s U.S. rankings earlier this year, where UnitedHealth also edged past Apple.
Fortune Global 500: The 2025 Top 10
Here are the top 10 companies in the 2025 Global 500 list, ranked by revenue:
- Walmart
- Amazon
- State Grid
- Saudi Aramco
- China National Petroleum
- Sinopec Group
- UnitedHealth Group
- Apple
- CVS Health
- Berkshire Hathaway
U.S. Still Leads in Corporate Power
The United States continues to dominate with 138 companies on the list, ahead of Greater China, which has 130. Despite a slight drop in representation, Greater China still holds strong, with its companies frequently appearing among the most profitable.
Record Revenues and Employment
This year’s Fortune Global 500 companies generated a record-breaking $41.7 trillion in revenue, a 1.8% increase from last year. Together, they employed over 70.1 million people worldwide.
Tech Sector Highlights
The major tech players — Amazon, Apple, Alphabet, Microsoft, Meta, Nvidia, and Tesla — contributed a combined $2 trillion in revenue and $484 billion in net income, underscoring their significant economic impact.
Saudi Aramco Remains Most Profitable
Saudi Aramco retained its title as the most profitable company, earning $105 billion in net income. This is its fourth consecutive year at the top for profitability.
Global Corporate Hubs
Fortune Global 500 companies are headquartered in 243 cities across 36 countries. The top five cities — Beijing, Tokyo, New York, Shanghai, and London — are home to nearly a quarter of all companies on the list. Notably, London rejoined the top five for the first time since 2022.