List of public corporations by market capitalization
The following is a list of publicly traded companies having the greatest market capitalization. In media, they are described as being the most valuable companies, a reference to their market value.[1]
Market capitalization is calculated from the share price (as recorded on selected day) multiplied by the number of outstanding shares.[2] Figures are converted into USD millions (using rate from selected day) to allow for comparison.[3]
Trillion-dollar companies
The table below lists all companies which have, at any point, had a market capitalization in excess of $1 trillion, the date on which their market cap first exceeded $1 trillion and their record market cap.[4]
Company | Country | When first passed | Record value date | Record value (in billions USD) | Notes | |||
---|---|---|---|---|---|---|---|---|
$1 trillion | $2 trillion | $3 trillion | Unadjusted | Inflation- adjusted[5] | ||||
PetroChina | 5 November 2007 | — | — | 5 November 2007 | 1,200 | 1,533 | [note 1] | |
Apple | 2 August 2018 | 19 August 2020 | 3 January 2022 | 3 January 2022 | 3,000 | 3,000 | [9][10][11] | |
Amazon | 4 September 2018 | — | — | 13 July 2021 | 1,900 | 1,900 | .[12] | |
Saudi Aramco | 11 December 2019 | 12 December 2019 | — | 10 May 2022 | 2,450 | 2,450 | [13][14] | |
Microsoft | 7 June 2019 | 22 June 2021 | — | 19 November 2021 | 2,576 | 2,576 | [15][16] [17] | |
Alphabet | 16 January 2020 | 8 November 2021 | — | 18 November 2021 | 2,000 | 2,000 | [18][19][20][21] | |
Meta | 28 June 2021[22] | — | — | 7 September 2021 | 1,078 | 1,078 | [note 2][23] | |
Tesla | 25 October 2021 | — | — | 1 November 2021 | 1,235 | 1,235 | [24] |
Publicly traded companies
All market capitalization figures are in USD millions. Only companies with free float of at least 15% are included, value of unlisted stock classes is excluded. Investment companies are not included in the list.[3]
2022
This list is up to date as of June 30, 2022. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter | Second quarter | Third quarter | Fourth quarter | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 2,850,000[25] | Apple 2,212,000[25] | Apple 2,221,000[25] | Apple 2,066,000[25] | ||||
2 | Microsoft 2,311,000[26] | Microsoft 1,920,000[26] | Microsoft 1,737,000[26] | Microsoft 1,787,000[26] | ||||
3 | Alphabet 1,846,000[27] | Alphabet 1,435,000[27] | Alphabet 1,254,000[27] | Alphabet 1,145,000[27] | ||||
4 | Amazon 1,659,000[28] | Amazon 1,080,000[28] | Amazon 1,151,000[28] | Amazon 856,940[28] | ||||
5 | Tesla 1,114,000[29] | Tesla 697,660[29] | Tesla 831,150[29] | Berkshire Hathaway 681,770[30] | ||||
6 | Berkshire Hathaway 779,150[30] | Berkshire Hathaway 602,450[30] | Berkshire Hathaway 596,410[30] | UnitedHealth 495,370[31] | ||||
7 | Nvidia 684,880[32] | UnitedHealth 481,870[31] | UnitedHealth 472,410[31] | Johnson & Johnson 461,840[33] | ||||
8 | Meta 605,250[34] | Johnson & Johnson 467,090[33] | Johnson & Johnson 429,500[33] | ExxonMobil 454,240[35] | ||||
9 | TSMC 540,670[36] | Tencent 445,990[37] | Visa 374,380[38] | Visa 439,950[38] | ||||
10 | UnitedHealth 479,830[31] | Meta 436,390[34] | Meta 364,650[39] | Tencent 405,090[37] |
2021
This list is up to date as of December 31, 2021[update]. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter | Second quarter | Third quarter | Fourth quarter | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 2,050,000[25] | Apple 2,286,000[25] | Apple 2,339,000[25] | Apple 2,913,000[25] | ||||
2 | Microsoft 1,778,000[26] | Microsoft 2,040,000[26] | Microsoft 2,119,000[26] | Microsoft 2,525,000[26] | ||||
3 | Amazon 1,558,000[28] | Amazon 1,735,000[28] | Alphabet 1,777,000[27] | Alphabet 1,922,000[27] | ||||
4 | Alphabet 1,395,000[27] | Alphabet 1,680,000[27] | Amazon 1,664,000[28] | Amazon 1,691,000[28] | ||||
5 | Meta 838,720[34] | Meta 985,920[34] | Meta 956,890[34] | Tesla 1,061,000[29] | ||||
6 | Tencent 766,970[37] | Tencent 721,460[37] | Tesla 776,850[29] | Meta 935,640[34] | ||||
7 | Tesla 641,110[29] | Tesla 654,780[29] | Berkshire Hathaway 619,950[30] | Nvidia 732,920[32] | ||||
8 | Alibaba Group 615,010[40] | Berkshire Hathaway 637,280[30] | TSMC 579,030[36] | Berkshire Hathaway 668,630[30] | ||||
9 | TSMC 613,410[36] | TSMC 623,160[36] | Tencent 574,460[37] | TSMC 623,930[36] | ||||
10 | Berkshire Hathaway 590,050[30] | Alibaba Group 615,140[40] | Nvidia 517,900[32] | Tencent 559,900[37] |
2020
This Financial Times–based list is up to data as of December 31, 2020[update]. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter | Second quarter | Third quarter | Fourth quarter | ||||
---|---|---|---|---|---|---|---|---|
1 | Microsoft 1,200,000[26] | Apple 1,576,000[25] | Apple 1,981,000[25] | Apple 2,254,000[25] | ||||
2 | Apple 1,113,000[25] | Microsoft 1,551,000[26] | Microsoft 1,592,000[26] | Microsoft 1,682,000[26] | ||||
3 | Amazon 970,590[28] | Amazon 1,432,590[28] | Amazon 1,577,000[28] | Amazon 1,634,000[28] | ||||
4 | Alphabet 799,180[27] | Alphabet 979,700[27] | Alphabet 999,570[27] | Alphabet 1,185,000[27] | ||||
5 | Alibaba Group 521,740[40] | Facebook 675,690[34] | Alibaba Group 795,400[40] | Facebook 776,590[34] | ||||
6 | Facebook 475,460[34] | Tencent 620,920[37] | Facebook 746,100[34] | Tencent 683,470[37] | ||||
7 | Tencent 471,660[37] | Alibaba Group 579,740[40] | Tencent 646,790[37] | Tesla 668,080[29] | ||||
8 | Berkshire Hathaway 440,830[30] | Berkshire Hathaway 432,570[30] | Berkshire Hathaway 509,470[30] | Alibaba Group 628,650[40] | ||||
9 | Visa 357,020[41] | Visa 412,710[41] | Visa 425,510[41] | TSMC 565,280[36] | ||||
10 | Johnson & Johnson 345,700[33] | Johnson & Johnson 370,590[33] | TSMC 420,440[36] | Berkshire Hathaway 544,780[30] |
2019
This Financial Times–based list is up to date as of December 31, 2019[update]. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter | Second quarter | Third quarter | Fourth quarter | ||||
---|---|---|---|---|---|---|---|---|
1 | Microsoft 904,860[26] | Microsoft 1,028,000[26] | Microsoft 1,062,000[26] | Apple 1,305,000[25] | ||||
2 | Apple 835,670[25] | Amazon 928,540[28] | Apple 1,012,000[25] | Microsoft 1,203,000[26] | ||||
3 | Amazon 874,710[28] | Apple 911,240[25] | Amazon 858,680[28] | Alphabet 922,130[27] | ||||
4 | Alphabet 818,160[27] | Alphabet 751,170[27] | Alphabet 838,020[27] | Amazon 916,150[28] | ||||
5 | Berkshire Hathaway 493,750[30] | Facebook 551,490[34] | Berkshire Hathaway 508,530[30] | Facebook 585,320[34] | ||||
6 | Facebook 475,730[34] | Berkshire Hathaway 521,100[30] | Facebook 508,050[34] | Alibaba Group 569,010[40] | ||||
7 | Alibaba Group 472,940[40] | Alibaba Group 439,150[40] | Alibaba Group 435,400[40] | Berkshire Hathaway 553,530[30] | ||||
8 | Tencent 440,980[37] | Tencent 432,080[37] | Tencent 398,840[37] | Tencent 461,370[37] | ||||
9 | Johnson & Johnson 372,230[33] | Visa 379,271[41] | Visa 385,370[41] | JPMorgan Chase 437,230[42] | ||||
10 | Visa 353,710[41] | Johnson & Johnson 370,300[33] | JPMorgan Chase 376,310[42] | Visa 416,790[41] |
2018
This Financial Times–based list is up to date as of December 31, 2018[update]. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter | Second quarter | Third quarter | Fourth quarter | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 851,317 | Apple 909,840[25] | Apple 1,091,000[25] | Microsoft 780,520[26] | ||||
2 | Alphabet 715,404 | Amazon 824,790[28] | Amazon 976,650[28] | Apple 748,680[25] | ||||
3 | Microsoft 702,760[26] | Alphabet 774,840[27] | Microsoft 877,400[26] | Amazon 735,900[28] | ||||
4 | Amazon 700,672[28] | Microsoft 757,640[26] | Alphabet 839,740[43] | Alphabet 728,360[43] | ||||
5 | Tencent 507,990[37] | Facebook 562,480[34] | Berkshire Hathaway 523,520[30] | Berkshire Hathaway 499,590[30] | ||||
6 | Berkshire Hathaway 492,019[30] | Tencent 478,580[37] | Facebook 473,850[34] | Facebook 375,890[34] | ||||
7 | Alibaba Group 470,930[40] | Alibaba Group 476,040[40] | Alibaba Group 423,600[40] | Tencent 375,110[37] | ||||
8 | Facebook 464,189[34] | Berkshire Hathaway 463,980[30] | Tencent 388,080[37] | Alibaba Group 355,130[40] | ||||
9 | JPMorgan Chase 377,410[42] | JPMorgan Chase 354,780[42] | JPMorgan Chase 379,440[42] | Johnson & Johnson 346,110[33] | ||||
10 | Johnson & Johnson 343,780[33] | ExxonMobil 350,270[44] | Johnson & Johnson 370,650[33] | JPMorgan Chase 324,660[42] |
2017
This Financial Times–based list is up to date as of December 31, 2017[update]. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter[45][note 3] | Second quarter[46][note 3] | Third quarter[47][note 3] | Fourth quarter | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 753,718 | Apple 749,124 | Apple 791,726 | Apple 868,880[25] | ||||
2 | Alphabet 573,570[27] | Alphabet 628,610[27] | Alphabet 664,550[27] | Alphabet 727,040[27] | ||||
3 | Microsoft 508,935 | Microsoft 528,778 | Microsoft 568,965 | Microsoft 659,910[26] | ||||
4 | Amazon 423,031 | Amazon 466,471 | Amazon 459,435 | Amazon 563,540[28] | ||||
5 | Berkshire Hathaway 410,880[30] | Berkshire Hathaway 418,880[30] | Berkshire Hathaway 451,840[30] | Facebook 512,760[34] | ||||
6 | ExxonMobil 339,897 | Johnson & Johnson 357,310 | Alibaba Group 436,850[40] | Tencent 493,340[48] | ||||
7 | Johnson & Johnson 337,947 | Facebook 357,176 | Tencent 405,007 | Berkshire Hathaway 489,490[30] | ||||
8 | Facebook 334,552 | Alibaba Group 356,390[40] | Facebook 399,946 | Alibaba Group 440,712[48] | ||||
9 | JPMorgan Chase 313,761 | Tencent 344,879 | ExxonMobil 348,248 | Johnson & Johnson 375,360[33] | ||||
10 | Wells Fargo 278,516 | ExxonMobil 341,947 | Johnson & Johnson 347,497 | JPMorgan Chase 371,050[42] |
2016
This Financial Times–based list is up to date as of December 31, 2016[update]. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter[49][note 3] | Second quarter[50][note 3] | Third quarter[51][note 3] | Fourth quarter[52][note 3] | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 607,465 | Apple 517,069 | Apple 604,475 | Apple 617,588.49 | ||||
2 | Alphabet 535,660[27] | Alphabet 475,320[27] | Alphabet 535,660[27] | Alphabet 531,970[27] | ||||
3 | Microsoft 439,734 | Microsoft 397,268 | Microsoft 447,290 | Microsoft 483,160.28 | ||||
4 | ExxonMobil 350,991 | ExxonMobil 383,396 | Amazon 393,030 | Berkshire Hathaway 404,390[30] | ||||
5 | Berkshire Hathaway 349,740[30] | Berkshire Hathaway 345,860[30] | ExxonMobil 358,519 | ExxonMobil 374,280 | ||||
6 | Johnson & Johnson 300,604 | Amazon 337,641 | Berkshire Hathaway 358,300[30] | Amazon 356,313.12 | ||||
7 | General Electric 295,546 | Johnson & Johnson 328,234 | Johnson & Johnson 320,836 | Johnson & Johnson 313,432.46 | ||||
8 | Amazon 281,888 | General Electric 280,927 | Facebook 297,548 | JPMorgan Chase 308,768.42 | ||||
9 | Facebook 259,192 | Facebook 263,930 | Tencent 265,603 | General Electric 279,545.92 | ||||
10 | Wells Fargo 246,035 | AT&T 261,035 | General Electric 261,876 | Wells Fargo 276,779.12 |
2015
This Financial Times–based list is up to date as of December 31, 2015[update]. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter[53] | Second quarter[54] | Third quarter[55][note 3] | Fourth quarter[56][note 3] | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 724,773.1 | Apple 722,576.9 | Apple 621,939 | Apple 598,344 | ||||
2 | ExxonMobil 356,548.7 | Microsoft 357,154.4 | Google 407,870[27] | Alphabet 534,090[27] | ||||
3 | Berkshire Hathaway 356,510.7 | ExxonMobil 347,868.1 | Microsoft 347,432 | Microsoft 449,799 | ||||
4 | Google 345,849.2[57] | Google 336,014.5[27] | Berkshire Hathaway 318,180[30] | Berkshire Hathaway 323,750[30] | ||||
5 | Microsoft 333,524.8 | Berkshire Hathaway 336,014.5 | ExxonMobil 304,245 | ExxonMobil 325,167 | ||||
6 | Petro China 329,715.1 | Petro China 319,391.6 | Johnson & Johnson 257,637 | Amazon 323,009 | ||||
7 | Wells Fargo 279,919.7 | ICBC 298,531.5 | General Electric 248,069 | General Electric 313,892 | ||||
8 | Johnson & Johnson 279,723.9 | Wells Fargo 289,591.3 | China Mobile 243,186 | Johnson & Johnson 287,153 | ||||
9 | ICBC 275,389.1 | Johnson & Johnson 270,260.8 | Novartis 240,373 | Wells Fargo 281,770 | ||||
10 | Novartis 267,897.0 | General Electric 267,717.4 | Nestlé 233,361 | JPMorgan Chase 245,126 |
2014
This Financial Times–based list is up to date as of December 31, 2014[update]. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter[58] | Second quarter[59] | Third quarter[60] | Fourth quarter[61] | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 478,766.1 | Apple 560,337.4 | Apple 603,277.4 | Apple 647,361.0 | ||||
2 | ExxonMobil 422,098.3 | ExxonMobil 432,357.3 | ExxonMobil 401,094.1 | ExxonMobil 391,481.9 | ||||
3 | Microsoft 340,216.8 | Google 358,347.3 | Microsoft 381,959.7 | Microsoft 382,880.3 | ||||
4 | Google 313,003.9 | Microsoft 344,458.8 | Google 361,998.4 | Berkshire Hathaway 370,652.6 | ||||
5 | Berkshire Hathaway 308,090.6 | Berkshire Hathaway 312,216.7 | Berkshire Hathaway 340,055.0 | Google 329,768.5 | ||||
6 | Johnson & Johnson 277,826.2 | Johnson & Johnson 295,980.1 | Johnson & Johnson 300,614.2 | PetroChina 305,536.1 | ||||
7 | Wells Fargo 261,217.5 | Wells Fargo 276,837 | Wells Fargo 270,782.4 | Johnson & Johnson 292,702.8 | ||||
8 | General Electric 259,547.3 | | Royal Dutch Shell 269,563.4 | General Electric 257,068.4 | Wells Fargo 284,385.6 | |||
9 | Hoffmann-La Roche 258,542.1 | General Electric 263,529.6 | Novartis 255,326.4 | Walmart 276,807.4 | ||||
10 | Walmart 246,805.7 | Hoffmann-La Roche 256,322.8 | Hoffmann-La Roche 254,543.8 | ICBC 271,146.1 |
2013
This Financial Times–based list is up to date as of December 31, 2013. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter[62] | Second quarter[63] | Third quarter[64] | Fourth quarter[65] | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 415,683.3 | ExxonMobil 401,729.8 | Apple 433,099.6 | Apple 504,770.8 | ||||
2 | ExxonMobil 403,733.1 | Apple 372,202.3 | ExxonMobil 378,716.2 | ExxonMobil 442,142.8 | ||||
3 | Berkshire Hathaway 256,801.8 | Microsoft 288,488.8 | Berkshire Hathaway 280,001.5 | Microsoft 312,297.3 | ||||
4 | PetroChina 254,618.7 | Berkshire Hathaway 276,548.5 | Microsoft 277,220.9 | Google 310,079.1 | ||||
5 | Walmart 246,373.3 | Walmart 244,079.4 | Johnson & Johnson 244,298.5 | Berkshire Hathaway 292,396.0 | ||||
6 | General Electric 239,775.6 | Johnson & Johnson 241,170.9 | General Electric 243,290.4 | General Electric 283,589.8 | ||||
7 | Microsoft 239,602.3 | General Electric 239,787.2 | Walmart 240,773.3 | Johnson & Johnson 258,415.4 | ||||
8 | IBM 237,724.7 | Google 238,688.6 | Google 237,479.4 | Walmart 254,622.8 | ||||
9 | Nestlé 233,792.1 | Chevron Corporation 229,402.6 | Chevron Corporation 234,740.8 | Hoffmann-La Roche 241,368.0 | ||||
10 | Chevron Corporation 230,831.2 | ICBC 226,879.8 | Hoffmann-La Roche 232,495.2 | Chevron Corporation 240,223.4 |
2012
This Financial Times–based list is up to date as of December 31, 2012. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter[66] | Second quarter[67] | Third quarter[68] | Fourth quarter[69] | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 559,002.1 | Apple 546,076.1 | Apple 625,348.1 | Apple 500,610.7 | ||||
2 | ExxonMobil 408,777.4 | ExxonMobil 400,139.1 | ExxonMobil 422,127.5 | ExxonMobil 394,610.9 | ||||
3 | PetroChina 278,968.4 | PetroChina 257,685.8 | PetroChina 253,853.3 | PetroChina 264,833.4 | ||||
4 | Microsoft 270,644.1 | Microsoft 256,982.4 | Microsoft 249,489.8 | | BHP Billiton 247,409.0 | |||
5 | IBM 241,754.6 | Walmart 235,900.3 | Walmart 248,074.4 | ICBC 236,457.9 | ||||
6 | ICBC 236,335.4 | IBM 225,598.5 | General Electric 239,791.2 | China Mobile 234,040.2 | ||||
7 | | Royal Dutch Shell 222,425.1 | General Electric 220,806.3 | IBM 237,068.4 | Walmart 228,245.4 | |||
8 | China Mobile 220,978.9 | China Mobile 219,481.3 | Chevron Corporation 228,707.1 | Samsung Electronics 227,581.8 | ||||
9 | General Electric 212,317.7 | | Royal Dutch Shell 217,048.2 | China Mobile 222,817.8 | Microsoft 224,801.0 | |||
10 | Chevron Corporation 211,950.6 | ICBC 211,196.0 | | Royal Dutch Shell 222,669.6 | | Royal Dutch Shell 222,669.6 |
2011
This Financial Times–based list is up to date as of December 31, 2011. Indicated changes in market value are relative to the previous quarter.