FORTUNE ANNOUNCES 2022 FORTUNE 500 LIST
Walmart takes the top spot for the tenth consecutive year, followed by Amazon.com and Apple
NEW YORK, May 23, 2022 /PRNewswire/ — Today, FORTUNE announced the 68th FORTUNE 500, its annual list of the world’s largest companies. United Statesranked by revenue for fiscal year 2021. The revenue threshold for the 2022 FORTUNE 500 list was $6.4 billion, up 19% year-on-year. In total, FORTUNE 500 companies account for two-thirds of US GDP with $16.1 trillion in turnover (+17%), $1.84 trillion in profits (+114%), $37 trillion in market value (+13%) and employs 29.7 million people worldwide. 44 companies in the 2022 FORTUNE 500 are led by female CEOs, an all-time high.
The top five companies maintained their position on the list, with Walmart taking the top spot for the tenth consecutive year, generating $5.1 trillion income accumulated over this period. At No. 2, Amazon.com saw its revenue jump 22%, eclipsing the $450 billion brand. At third, Apple is the most profitable company on the list for the seventh time in eight years, gaining $95 billion in profits. At #4, CVS Health and CEO Karen Lynch continue to make FORTUNE 500 history, with CVS as the highest-ranked company ever led by a female CEO.
THE TOP TEN FORTUNE 500 2022 COMPANIES ARE:
4. CVS Health
5. UnitedHealth Group
6. Exxon Mobil
7. Berkshire Hathaway
8. Alphabet letters
10. Amerisource Bergen
See the full list here.
The companies on this year’s list are based in 232 diﬀerent cities across 37 states. For the first time since 2010, Texas is home to the most FORTUNE 500 companies, with 53. After seven years at the top, New York fell to No. 2 with 51 companies, followed by California at No. 3 with 50. New York Citywith 43 companies, is the first municipality followed by Houston with 21, Atlanta with 15, Chicago with 14, and dallas with 11.
In his preface to June/July 2022 FORTUNE issue, editor Alyson Shontell writes: “Several pandemic winners debut this year. Vaccine maker Moderna clocked in at No. 195. Zillow, which took advantage of the hot real estate market, comes in at No. 424. And Coinbase (#437) is became the first crypto company to join the 500. […] The real winners will be the companies that have not only thrived in the bizarre circumstances of COVID, but can thrive once the world opens up.”
See the full FORTUNE 500 list here. The month of June/July 2022 issue of FORTUNE hits newsstands June 6.
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Media SOURCE FORTUNE