Fortune 500 Ranking of America’s Largest Company

INDEX / REPORTS

The 68th edition of the ‘FORTUNE 500’ list-2022 was released by the FORTUNE magazine which ranks the companies in the United States of America (USA) by revenue for the 2021 fiscal year.

As per the report, the revenue threshold for the year 2022 FORTUNE 500 list was $6.4 billion, hiked 19% from last year. In total, FORTUNE 500 companies represent two-thirds of the U.S. GDP with $16.1 trillion in revenues (up 17%), $1.84 trillion in profits (up 114%), and $37 trillion in market value (up 13%), and employ 29.7 million people worldwide.

In this edition, out of total companies, about 44 companies are led by women CEOs - an all-time high. 

The list was topped by Walmart for the tenth consecutive year. The company generates $5.1 trillion in cumulative revenue. Walmart is followed by Amazon, Apple, CVS Health, and UnitedHealth Group.

In this edition, Texas is home to the most companies (53) on the FORTUNE 500. Texas is followed by New York (51 companies) and California (50 companies).

Apple becomes the most profitable company on the list for the seventh time in eight years, earning $95 billion in profits on revenues of $365.8 billion in the year 2021. Apple is followed by Berkshire Hathaway, Alphabet, Microsoft, and JP Morgon case.

 

   Important points for the exam:

  • The 68th edition of the ‘FORTUNE 500’ list was released by the FORTUNE magazine which ranks the companies in the United States of America (USA) by revenue.
  • The list was topped by Walmart for the tenth consecutive year with $5.1 trillion in cumulative revenue. It was followed by Amazon, Apple, CVS Health, and UnitedHealth Group.
  • Apple becomes the most profitable company on the list for the seventh time.
  • Texas is home to the most companies (53) on the FORTUNE 500. Texas is followed by New York (51 companies) and California (50 companies).
  • In this edition, out of total companies, about 44 companies are led by women CEOs - an all-time high. 
  • The revenue threshold for the year 2022 FORTUNE 500 list was $6.4 billion, hiked 19% from last year.
  • Coinbase became the first cryptocurrency company to list in the ‘Fortune 500’ list. 
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