List of public corporations by market capitalization
The following is a list of publicly traded companies having the greatest market capitalization. In the global business media, they are described as being the world's most valuable companies as 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 edit
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 | Nominal | Inflation- adjusted[5] | ||||
Microsoft | 25 April 2019 | 22 June 2021 | 24 January 2024 | 23 March 2024 | 3,185 | 3,185 | [6][7][8][9] | |
Apple | 2 August 2018 | 19 August 2020 | 3 January 2022 | 14 December 2023 | 3,081 | 3,208 | [10][11][12][13] | |
Saudi Aramco | 11 December 2019 | 12 December 2019 | — | 10 May 2022 | 2,463 | 2,564 | [14][15][16] | |
Nvidia | 30 May 2023 | 23 February 2024 | — | 23 March 2024 | 2,380 | 2,380 | [17][18][19] | |
Alphabet | 16 January 2020 | 8 November 2021 | — | 18 November 2021 | 2,000 | 2,249 | [20][21][22] | |
Amazon | 4 September 2018 | — | — | 9 April 2024 | 1,930 | 1,900 | [23][24][25] | |
Meta | 28 June 2021 | — | — | 2 February 2024 | 1,220 | 1,220 | [note 1][26][27] | |
Tesla | 25 October 2021 | — | — | 1 November 2021 | 1,210 | 1,361 | [28][29] | |
PetroChina | 5 November 2007 | — | — | 5 November 2007 | 1,200 | 1,699 | [note 2] |
Publicly traded companies edit
All market capitalization figures are in USD millions. Only companies with free float of at least 15% are included; the value of unlisted stock classes is excluded. Investment companies are not included in the list.[3]
2023 edit
This list is up to date as of 31 December 2023. Indicated changes in market value are relative to the previous quarter.
Rank | First quarter | Second quarter | Third quarter | Fourth quarter | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 2,609,000[33] | Apple 3,050,000[33] | Apple 2,677,000[33] | Apple 2,994,000[33] | ||||
2 | Microsoft 2,146,000[34] | Microsoft 2,532,000[34] | Microsoft 2,346,000[34] | Microsoft 2,795,000[34] | ||||
3 | Alphabet 1,332,000[35] | Alphabet 1,530,000[35] | Alphabet 1,662,000[35] | Alphabet 1,764,000[35] | ||||
4 | Amazon 1,058,000[36] | Amazon 1,337,000[36] | Amazon 1,312,000[36] | Amazon 1,570,000[36] | ||||
5 | Nvidia 686,090[37] | Nvidia 1,044,000[37] | Nvidia 1,074,000[37] | Nvidia 1,223,000[37] | ||||
6 | Berkshire Hathaway 677,770[38] | Tesla 829,670[39] | Tesla 794,200[39] | Meta 909,000[40] | ||||
7 | Tesla 656,420[39] | Berkshire Hathaway 745,010[38] | Meta 772,490[40] | Tesla 789,930[39] | ||||
8 | Meta 549,480[41] | Meta 735,450[41] | Berkshire Hathaway 769,260[38] | Berkshire Hathaway 783,550[38] | ||||
9 | TSMC 482,410[42] | TSMC 523,410[42] | Eli Lilly 509,890[43] | Eli Lilly 553,370[43] | ||||
10 | Visa 473,870[44] | Visa 497,370[44] | Visa 480,990[44] | TSMC 539,390[42] |
2022 edit
This list is as of 31 December 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[33] | Apple 2,212,000[33] | Apple 2,221,000[33] | Apple 2,066,000[33] | ||||
2 | Microsoft 2,311,000[34] | Microsoft 1,920,000[34] | Microsoft 1,737,000[34] | Microsoft 1,787,000[34] | ||||
3 | Alphabet 1,846,000[35] | Alphabet 1,435,000[35] | Alphabet 1,254,000[35] | Alphabet 1,145,000[35] | ||||
4 | Amazon 1,659,000[36] | Amazon 1,080,000[36] | Amazon 1,151,000[36] | Amazon 856,940[36] | ||||
5 | Tesla 1,114,000[39] | Tesla 697,660[39] | Tesla 831,150[39] | Berkshire Hathaway 681,770[38] | ||||
6 | Berkshire Hathaway 779,150[38] | Berkshire Hathaway 602,450[38] | Berkshire Hathaway 596,410[38] | UnitedHealth 495,370[45] | ||||
7 | Nvidia 684,880[37] | UnitedHealth 481,870[45] | UnitedHealth 472,410[45] | Johnson & Johnson 461,840[46] | ||||
8 | Meta 605,250[41] | Johnson & Johnson 467,090[46] | Johnson & Johnson 429,500[46] | ExxonMobil 454,240[47] | ||||
9 | TSMC 540,670[42] | Tencent 445,990[48] | Visa 374,380[44] | Visa 439,950[44] | ||||
10 | UnitedHealth 479,830[45] | Meta 436,390[41] | Meta 364,650[49] | Tencent 405,090[48] |
2021 edit
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[33] | Apple 2,286,000[33] | Apple 2,339,000[33] | Apple 2,913,000[33] | ||||
2 | Microsoft 1,778,000[34] | Microsoft 2,040,000[34] | Microsoft 2,119,000[34] | Microsoft 2,525,000[34] | ||||
3 | Amazon 1,558,000[36] | Amazon 1,735,000[36] | Alphabet 1,777,000[35] | Alphabet 1,922,000[35] | ||||
4 | Alphabet 1,395,000[35] | Alphabet 1,680,000[35] | Amazon 1,664,000[36] | Amazon 1,691,000[36] | ||||
5 | Meta 838,720[41] | Meta 985,920[41] | Meta 956,890[41] | Tesla 1,061,000[39] | ||||
6 | Tencent 766,970[48] | Tencent 721,460[48] | Tesla 776,850[39] | Meta 935,640[41] | ||||
7 | Tesla 641,110[39] | Tesla 654,780[39] | Berkshire Hathaway 619,950[38] | Nvidia 732,920[37] | ||||
8 | Alibaba Group 615,010[50] | Berkshire Hathaway 637,280[38] | TSMC 579,030[42] | Berkshire Hathaway 668,630[38] | ||||
9 | TSMC 613,410[42] | TSMC 623,160[42] | Tencent 574,460[48] | TSMC 623,930[42] | ||||
10 | Berkshire Hathaway 590,050[38] | Alibaba Group 615,140[50] | Nvidia 517,900[37] | Tencent 559,900[48] |
2020 edit
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[34] | Apple 1,576,000[33] | Apple 1,981,000[33] | Apple 2,254,000[33] | ||||
2 | Apple 1,113,000[33] | Microsoft 1,551,000[34] | Microsoft 1,592,000[34] | Microsoft 1,682,000[34] | ||||
3 | Amazon 970,590[36] | Amazon 1,432,590[36] | Amazon 1,577,000[36] | Amazon 1,634,000[36] | ||||
4 | Alphabet 799,180[35] | Alphabet 979,700[35] | Alphabet 999,570[35] | Alphabet 1,185,000[35] | ||||
5 | Alibaba Group 521,740[50] | Facebook 675,690[41] | Alibaba Group 795,400[50] | Facebook 776,590[41] | ||||
6 | Facebook 475,460[41] | Tencent 620,920[48] | Facebook 746,100[41] | Tencent 683,470[48] | ||||
7 | Tencent 471,660[48] | Alibaba Group 579,740[50] | Tencent 646,790[48] | Tesla 668,080[39] | ||||
8 | Berkshire Hathaway 440,830[38] | Berkshire Hathaway 432,570[38] | Berkshire Hathaway 509,470[38] | Alibaba Group 628,650[50] | ||||
9 | Visa 357,020[51] | Visa 412,710[51] | Visa 425,510[51] | TSMC 565,280[42] | ||||
10 | Johnson & Johnson 345,700[46] | Johnson & Johnson 370,590[46] | TSMC 420,440[42] | Berkshire Hathaway 544,780[38] |
2019 edit
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[34] | Microsoft 1,028,000[34] | Microsoft 1,062,000[34] | Apple 1,305,000[33] | ||||
2 | Apple 835,670[33] | Amazon 928,540[36] | Apple 1,012,000[33] | Microsoft 1,203,000[34] | ||||
3 | Amazon 874,710[36] | Apple 911,240[33] | Amazon 858,680[36] | Alphabet 922,130[35] | ||||
4 | Alphabet 818,160[35] | Alphabet 751,170[35] | Alphabet 838,020[35] | Amazon 916,150[36] | ||||
5 | Berkshire Hathaway 493,750[38] | Facebook 551,490[41] | Berkshire Hathaway 508,530[38] | Facebook 585,320[41] | ||||
6 | Facebook 475,730[41] | Berkshire Hathaway 521,100[38] | Facebook 508,050[41] | Alibaba Group 569,010[50] | ||||
7 | Alibaba Group 472,940[50] | Alibaba Group 439,150[50] | Alibaba Group 435,400[50] | Berkshire Hathaway 553,530[38] | ||||
8 | Tencent 440,980[48] | Tencent 432,080[48] | Tencent 398,840[48] | Tencent 461,370[48] | ||||
9 | Johnson & Johnson 372,230[46] | Visa 379,271[51] | Visa 385,370[51] | JPMorgan Chase 437,230[52] | ||||
10 | Visa 353,710[51] | Johnson & Johnson 370,300[46] | JPMorgan Chase 376,310[52] | Visa 416,790[51] |
2018 edit
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[33] | Apple 1,091,000[33] | Microsoft 780,520[34] | ||||
2 | Alphabet 715,404 | Amazon 824,790[36] | Amazon 976,650[36] | Apple 748,680[33] | ||||
3 | Microsoft 702,760[34] | Alphabet 774,840[35] | Microsoft 877,400[34] | Amazon 735,900[36] | ||||
4 | Amazon 700,672[36] | Microsoft 757,640[34] | Alphabet 839,740[53] | Alphabet 728,360[53] | ||||
5 | Tencent 507,990[48] | Facebook 562,480[41] | Berkshire Hathaway 523,520[38] | Berkshire Hathaway 499,590[38] | ||||
6 | Berkshire Hathaway 492,019[38] | Tencent 478,580[48] | Facebook 473,850[41] | Facebook 375,890[41] | ||||
7 | Alibaba Group 470,930[50] | Alibaba Group 476,040[50] | Alibaba Group 423,600[50] | Tencent 375,110[48] | ||||
8 | Facebook 464,189[41] | Berkshire Hathaway 463,980[38] | Tencent 388,080[48] | Alibaba Group 355,130[50] | ||||
9 | JPMorgan Chase 377,410[52] | JPMorgan Chase 354,780[52] | JPMorgan Chase 379,440[52] | Johnson & Johnson 346,110[46] | ||||
10 | Johnson & Johnson 343,780[46] | ExxonMobil 350,270[54] | Johnson & Johnson 370,650[46] | JPMorgan Chase 324,660[52] |
2017 edit
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[55][note 3] | Second quarter[56][note 3] | Third quarter[57][note 3] | Fourth quarter | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 753,718 | Apple 749,124 | Apple 791,726 | Apple 868,880[33] | ||||
2 | Alphabet 573,570[35] | Alphabet 628,610[35] | Alphabet 664,550[35] | Alphabet 727,040[35] | ||||
3 | Microsoft 508,935 | Microsoft 528,778 | Microsoft 568,965 | Microsoft 659,910[34] | ||||
4 | Amazon 423,031 | Amazon 466,471 | Amazon 459,435 | Amazon 563,540[36] | ||||
5 | Berkshire Hathaway 410,880[38] | Berkshire Hathaway 418,880[38] | Berkshire Hathaway 451,840[38] | Facebook 512,760[41] | ||||
6 | ExxonMobil 339,897 | Johnson & Johnson 357,310 | Alibaba Group 436,850[50] | Tencent 493,340[58] | ||||
7 | Johnson & Johnson 337,947 | Facebook 357,176 | Tencent 405,007 | Berkshire Hathaway 489,490[38] | ||||
8 | Facebook 334,552 | Alibaba Group 356,390[50] | Facebook 399,946 | Alibaba Group 440,712[58] | ||||
9 | JPMorgan Chase 313,761 | Tencent 344,879 | ExxonMobil 348,248 | Johnson & Johnson 375,360[46] | ||||
10 | Wells Fargo 278,516 | ExxonMobil 341,947 | Johnson & Johnson 347,497 | JPMorgan Chase 371,050[52] |
2016 edit
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[59][note 3] | Second quarter[60][note 3] | Third quarter[61][note 3] | Fourth quarter[62][note 3] | ||||
---|---|---|---|---|---|---|---|---|
1 | Apple 607,465 | Apple 517,069 | Apple 604,475 | Apple 617,588.49 | ||||
2 | Alphabet 535,660[35] | Alphabet 475,320[35] | Alphabet 535,660[35] | Alphabet 531,970[35] | ||||
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[38] | ||||
5 | Berkshire Hathaway 349,740[38] | Berkshire Hathaway 345,860[38] | ExxonMobil 358,519 | ExxonMobil 374,280 | ||||
6 | Johnson & Johnson 300,604 | Amazon 337,641 | Berkshire Hathaway 358,300[38] | 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 edit
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[63] | Second quarter[64] | Third quarter[65][note 3] | Fourth quarter[66][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[35] | Alphabet 534,090[35] | ||||
3 | Berkshire Hathaway 356,510.7 | ExxonMobil 347,868.1 | Microsoft 347,432 | Microsoft 449,799 | ||||
4 | Google 345,849.2[67] | Google 336,014.5[35] | Berkshire Hathaway 318,180[38] | Berkshire Hathaway 323,750[38] | ||||
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 edit
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[68] | Second quarter[69] | Third quarter[70] | Fourth quarter[71] | ||||
---|---|---|---|---|---|---|---|---|
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 edit
This Financial Times–based list is up to date as of 31 December 2013. Indicated changes in market value are relative to the previous quarter.