List of public corporations by market capitalization


The following is a list of publicly traded companies having the greatest market capitalization. This list is primarily based on the Financial Times Global 500.
Market capitalization is calculated from the share price multiplied by the number of outstanding shares. Figures are converted into USD millions to allow for comparison. Only companies with free float at least 15% are included, value of unlisted stock classes is excluded. Investment companies are not included in the list.

First 1 trillion dollar market capitalization companies

This list is up to date as of 2020.
First Passed trillion dollar DateCompanyRecord value dateRecord value

Record value


Notes
1000On 5 November 2007, A shares of PetroChina ended its first day of trading after an IPO on the Shanghai Stock Exchange yielded a market cap of approximately $1 trillion. Only 4 billion A shares were floated during the IPO, another 158 billion A shares were still held by China National Petroleum Corporation. 21.9 billion H shares were already floated on the Hong Kong Stock Exchange. However, market capitalization based on H shares never reached $500 billion.
Apple Inc.31 July 20201852First achieved a $1 trillion market cap on 4 August 2018.
4 September 2018Amazon30 July 20201594First achieved a $1 trillion market cap on 4 September 2018
Microsoft Corp.10 July 20201573First achieved a $1 trillion market cap on 7 June 2019
Saudi Aramco2100Saudi Aramco's 11 December 2019 IPO on the Tadawul Saudi Stock Exchange ended its first day of trading with an approximate $1.88 trillion market cap. Saudi Aramco becomes the first-ever public company to achieve a $2 trillion valuation on its second day of trading. However, only 1.7 % of its shares is a free float.
Alphabet16 January 20201000First achieved a $1 trillion market cap on 16 January 2020

Publicly traded companies

All market capitalization figures are in USD millions.

2020

This list is up to date as of 2020. Indicated changes in market value are relative to the previous quarter.

2019

This list is up to date as of 2019. Indicated changes in market value are relative to the previous quarter.
RankFirst quarterFirst quarterSecond quarterSecond quarterThird quarterThird quarterFourth quarterFourth quarter
1Microsoft
904,860		Microsoft
1,028,000		Microsoft
1,062,000		Apple Inc.
1,305,000
2Apple Inc.
835,670		Amazon.com
928,540		Apple Inc.
1,012,000		Microsoft
1,203,000
3Amazon.com
874,710		Apple Inc.
911,240		Amazon.com
858,680		Alphabet Inc.
922,130
4Alphabet Inc.
818,160		Alphabet Inc.
751,170		Alphabet Inc.
838,020		Amazon.com
916,150
5Berkshire Hathaway
493,750		Facebook, Inc.
551,490		Berkshire Hathaway
508,530		Facebook, Inc.
585,320
6Facebook, Inc.
475,730		Berkshire Hathaway
521,100		Facebook, Inc.
508,050		Alibaba Group
569,010
7Alibaba Group
472,940		Alibaba Group
439,150		Alibaba Group
435,400		Berkshire Hathaway
553,530
8Tencent
440,980		Tencent
432,080		Tencent
398,840		Tencent
461,370
9Johnson & Johnson
372,230		Visa
379,271		Visa
385,370		JPMorgan Chase
437,230
10Visa
353,710		Johnson & Johnson
370,300		JPMorgan Chase
376,310		Visa
416,790

2018

This list is up to date as of 2018. Indicated changes in market value are relative to the previous quarter.
RankFirst quarterFirst quarterSecond quarterSecond quarterThird quarterThird quarterFourth quarterFourth quarter
1Apple Inc.
851,317		Apple Inc.
909,840		Apple Inc.
1,091,000		Microsoft
780,520
2Alphabet Inc.
715,404		Amazon.com
824,790		Amazon.com
976,650		Apple Inc.
748,680
3Microsoft
702,760		Alphabet Inc.
774,840		Microsoft
877,400		Amazon.com
735,900
4Amazon.com
700,672		Microsoft
757,640		Alphabet Inc.
839,740		Alphabet Inc.
728,360
5Tencent
507,990		Facebook
562,480		Berkshire Hathaway
523,520		Berkshire Hathaway
499,590
6Berkshire Hathaway
492,019		Tencent
478,580		Facebook
473,850		Facebook
375,890
7Alibaba Group
470,930		Alibaba Group
476,040		Alibaba Group
423,600		Tencent
375,110
8Facebook
464,189		Berkshire Hathaway
463,980		Tencent
388,080		Alibaba Group
355,130
9JPMorgan Chase
377,410		JPMorgan Chase
354,780		JPMorgan Chase
379,440		Johnson & Johnson
346,110
10Johnson & Johnson
343,780		ExxonMobil
350,270		Johnson & Johnson
370,650		JPMorgan Chase
324,660

2017

This list is up to date as of 2017. Indicated changes in market value are relative to the previous quarter.

2016

This list is up to date as of 2016. Indicated changes in market value are relative to the previous quarter.

2015

This Financial Times Global 500–based list is up to date as of 2015. Indicated changes in market value are relative to the previous quarter.

2014

This Financial Times Global 500–based list is up to date as of 2014. Indicated changes in market value are relative to the previous quarter.

2013

This Financial Times Global 500–based list is up to date as of December 31, 2013. Indicated changes in market value are relative to the previous quarter.

2012

This Financial Times Global 500–based list is up to date as of December 31, 2012. Indicated changes in market value are relative to the previous quarter.

2011

This Financial Times Global 500–based list is up to date as of December 31, 2011. Indicated changes in market value are relative to the previous quarter.

2010

This Financial Times Global 500–based list is up to date as of December 31, 2010. Indicated changes in market value are relative to the previous quarter.

2009

This Financial Times Global 500–based list is up to date as of December 31, 2009. Indicated changes in market value are relative to the previous quarter.

2008

This Financial Times Global 500–based list is up to date as of December 31, 2008. Indicated changes in market value are relative to the previous quarter.

2007

This Financial Times–based list is up to date as of December 31, 2007. Indicated changes in rank and market value are relative to the previous quarter.

2006

This Financial Times–based list is up to date as of December 2006. Indicated changes in rank and market value are relative to the previous quarter.

2004

This Financial Times–based list is up to date as of 31 March 2005.
RankNameHeadquartersPrimary industryMarket value
1General ElectricUnited StatesConglomerate382,233
2Exxon MobilUnited StatesOil and gas380,567
3MicrosoftUnited StatesSoftware industry262,975
4CitigroupUnited StatesBanking234,437
5BPUnited KingdomOil and gas221,365
6Wal-MartUnited StatesRetail212,209
7Royal Dutch ShellThe NetherlandsOil and gas210,630
8Johnson & JohnsonUnited StatesHealth care199,711
9PfizerUnited StatesHealth care195,945
10Bank of AmericaUnited StatesBanking178,765

2003

This Financial Times–based list is up to date as of 31 March 2004.
RankNameHeadquartersPrimary industryMarket value
1General ElectricUnited StatesConglomerate299,336
2MicrosoftUnited StatesSoftware industry271,911
3Exxon MobilUnited StatesOil and gas263,940
4PfizerUnited StatesHealth care261,616
5CitigroupUnited StatesBanking259,191
6Wal-MartUnited StatesRetail258,888
7American International GroupUnited StatesInsurance183,696
8Intel CorporationUnited StatesComputer hardware179,996
9BPUnited KingdomOil and gas174,648
10HSBCUnited KingdomBanking163,574

2002

This Financial Times–based list is up to date as of 31 March 2003.
RankNameHeadquartersPrimary industryMarket value
1MicrosoftUnited StatesSoftware industry264,003
2General ElectricUnited StatesConglomerate259,647
3Exxon MobilUnited StatesOil and gas241,037
4Wal-MartUnited StatesRetail234,399
5PfizerUnited StatesHealth care195,948
6CitigroupUnited StatesBanking183,887
7Johnson & JohnsonUnited StatesHealth care170,417
8Royal Dutch ShellThe NetherlandsOil and gas149,034
9BPUnited KingdomOil and gas144,381
10IBMUnited StatesComputer software, computer hardware139,272

2001

This Financial Times–based list is up to date as of 31 March 2002.
RankNameHeadquartersPrimary industryMarket value
1General ElectricUnited StatesConglomerate372,089
2MicrosoftUnited StatesSoftware industry326,639
3Exxon MobilUnited StatesOil and gas299,820
4Wal-MartUnited StatesRetail273,220
5CitigroupUnited StatesBanking255,299
6PfizerUnited StatesHealth care249,021
7Intel CorporationUnited StatesComputer hardware203,838
8BPUnited KingdomOil and gas200,794
9Johnson & JohnsonUnited StatesHealth care197,912
10Royal Dutch ShellThe NetherlandsOil and gas189,913

2000

This Financial Times–based list is up to date as of 31 March 2001.

1999

This Financial Times–based list is up to date as of 31 March 2000.
RankNameHeadquartersPrimary industryMarket value
1MicrosoftUnited StatesSoftware industry586,197
2General ElectricUnited StatesConglomerate474,956
3NTT DoCoMoJapanTelecommunications366,204
4Cisco SystemsUnited StatesNetworking hardware348,965
5Wal-MartUnited StatesRetail286,153
6Intel CorporationUnited StatesComputer hardware277,096
7Nippon Telegraph and TelephoneJapanTelecommunications274,905
8Exxon MobilUnited StatesOil and gas265,894
9Lucent TechnologiesUnited StatesTelecommunications237,668
10Deutsche TelekomGermanyTelecommunications209,628

1998

This Financial Times–based list is up to date as of 30 September 1998.
RankNameHeadquartersPrimary industryMarket value
1MicrosoftUnited StatesSoftware industry271,854
2General ElectricUnited StatesConglomerate258,871
3Exxon MobilUnited StatesOil and gas172,213
4Royal Dutch ShellThe NetherlandsOil and gas164,157
5MerckUnited StatesHealth care154,753
6PfizerUnited StatesHealth care148,074
7Intel CorporationUnited StatesComputer hardware144,060
8The Coca-Cola CompanyUnited StatesBeverage142,164
9Wal-MartUnited StatesRetail123,062
10IBMUnited StatesSoftware industry, computer hardware121,184

1997

This Financial Times–based list is up to date as of 30 September 1997.

1996

This Financial Times–based list is up to date as of 30 September 1996.

Non-public companies

This Financial Times Non-Public 150-based list is up to date as of December, 2006. All companies in top 10 are government-owned corporations. Figures are in USD millions.