Forbes Releases 23rd Annual Global 2000 Ranking Of The World's Largest Companies
Forbes 2025 Global 2000
Illustration by Jisu Choi for Forbes
NEW YORK – June 12, 2025 – Forbes today released its 23rd annual edition of the Global 2000, a definitive ranking of the world's largest companies in the world determined by sales, profits, assets and market value.
Despite economic uncertainty looming within the U.S., for the third year in a row, J.P. Morgan Chase remains in the No.1 spot, having gained 30% in the past year and making it the only company to rank in the top 20 worldwide in each of the four categories considered for the list. Berkshire Hathaway remains at No. 2, followed by the Industrial and Commercial Bank of China, Saudi Aramco and Amazon, which make up the rest of the top five.
Companies on the 2025 list amassed new records with $52.9 trillion in revenue, $4.9 trillion in profit, $242.2 trillion in assets and $91.3 trillion in market cap. The United States leads with 612 companies on the list, China and Japan follow with 317 and 180 respectively, followed by India with 70 and the United Kingdom with 68.
'The annual Forbes Global 2000 list features the companies shaping today's global markets and moving them worldwide,' said Hank Tucker, staff writer, Forbes. 'This year's list showcases how despite a complex geopolitical landscape, globalization has continued to fuel decades of economic growth, with the world's largest companies more than tripling in size across multiple measures in the past twenty years.'
The same group of companies from the 2024 list make up the same top 10 in this year's Global 2000, with none moving up or down more than one slot. However significant changes in company rankings include Nvidia (No. 47) which moved into the top 100 for the first time, reflecting a fast rise through the rankings since its 2006 debut on the list. Disney (No. 71) and Pfizer (No. 73) also make it back to the top 100 thanks to a profit rebound after sliding to No. 155 and No. 436 last year.
Banking is the most represented industry, with 328 banks ranging from JPMorgan to Keiyo Bank in Japan represented. Another 134 companies classified as diversified financial firms made the cut, including Goldman Sachs (No. 20), Charles Schwab (No. 124) and Blackstone (No. 418). Tech is comparatively underrepresented due to the companies being generally lighter on assets, with 186 entrants distributed between the software and services, hardware and semiconductors categories.
The few newcomers to the list include Smithfield Foods (No. 1,383), AI cloud computing firm CoreWeave (No. 1,799) and SiriusXM Holdings (No. 1,822), which spun off from Liberty Media last September. The highest-ranked new company to join the list is Irish packaging firm Smurfit Westrock at (No. 855), which formed as a result of a merger between Smurfit Kappa and Westrock last year.
Forbes compiled the Global 2000 list using data from FactSet Research to screen for the biggest public companies in four metrics: sales, profits, assets and market value. The market value calculations use closing prices as of April 25, 2025 and include all common shares outstanding.
About Forbes
Forbes is an iconic global media brand that has symbolized success for over a century. Fueled by journalism that informs and inspires, Forbes spotlights the doers and doings shaping industries, achieving success and making an impact on the world. Forbes connects and convenes the most influential communities ranging from billionaires, business leaders and rising entrepreneurs to creators and innovators.The Forbes brand reaches more than 140 million people monthly worldwide through its trusted journalism, signature ForbesLive events and 49 licensed local editions in 81 countries.
Media Contacts:
Christina Vega Magrini, cmagrini@forbes.com
Feryal Nawaz, fnawaz@forbes.com
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