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]

2024[edit]

This list is up to date as of 31 March 2024. Indicated changes in market value are relative to the previous quarter.

Rank	First quarter		Second quarter		Third quarter		Fourth quarter
1		Microsoft 3,126,000[33]
2		Apple 2,648,000[34]
3		Nvidia 2,259,000[35]
4		Alphabet 1,893,000[36]
5		Amazon 1,874,000[37]
6		Meta 1,238,000[38]
7		Berkshire Hathaway 912,130[39]
8		Eli Lilly 739,660[40]
9		TSMC 705,690[41]
10		Broadcom 614,220[42]

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[34]		Apple 3,050,000[34]		Apple 2,677,000[34]		Apple 2,994,000[34]
2		Microsoft 2,146,000[33]		Microsoft 2,532,000[33]		Microsoft 2,346,000[33]		Microsoft 2,795,000[33]
3		Alphabet 1,332,000[36]		Alphabet 1,530,000[36]		Alphabet 1,662,000[36]		Alphabet 1,764,000[36]
4		Amazon 1,058,000[37]		Amazon 1,337,000[37]		Amazon 1,312,000[37]		Amazon 1,570,000[37]
5		Nvidia 686,090[35]		Nvidia 1,044,000[35]		Nvidia 1,074,000[35]		Nvidia 1,223,000[35]
6		Berkshire Hathaway 677,770[39]		Tesla 829,670[43]		Tesla 794,200[43]		Meta 909,000[38]
7		Tesla 656,420[43]		Berkshire Hathaway 745,010[39]		Meta 772,490[38]		Tesla 789,930[43]
8		Meta 549,480[44]		Meta 735,450[44]		Berkshire Hathaway 769,260[39]		Berkshire Hathaway 783,550[39]
9		TSMC 482,410[41]		TSMC 523,410[41]		Eli Lilly 509,890[40]		Eli Lilly 553,370[40]
10		Visa 473,870[45]		Visa 497,370[45]		Visa 480,990[45]		TSMC 539,390[41]

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[34]		Apple 2,212,000[34]		Apple 2,221,000[34]		Apple 2,066,000[34]
2		Microsoft 2,311,000[33]		Microsoft 1,920,000[33]		Microsoft 1,737,000[33]		Microsoft 1,787,000[33]
3		Alphabet 1,846,000[36]		Alphabet 1,435,000[36]		Alphabet 1,254,000[36]		Alphabet 1,145,000[36]
4		Amazon 1,659,000[37]		Amazon 1,080,000[37]		Amazon 1,151,000[37]		Amazon 856,940[37]
5		Tesla 1,114,000[43]		Tesla 697,660[43]		Tesla 831,150[43]		Berkshire Hathaway 681,770[39]
6		Berkshire Hathaway 779,150[39]		Berkshire Hathaway 602,450[39]		Berkshire Hathaway 596,410[39]		UnitedHealth 495,370[46]
7		Nvidia 684,880[35]		UnitedHealth 481,870[46]		UnitedHealth 472,410[46]		Johnson & Johnson 461,840[47]
8		Meta 605,250[44]		Johnson & Johnson 467,090[47]		Johnson & Johnson 429,500[47]		ExxonMobil 454,240[48]
9		TSMC 540,670[41]		Tencent 445,990[49]		Visa 374,380[45]		Visa 439,950[45]
10		UnitedHealth 479,830[46]		Meta 436,390[44]		Meta 364,650[50]		Tencent 405,090[49]

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[34]		Apple 2,286,000[34]		Apple 2,339,000[34]		Apple 2,913,000[34]
2		Microsoft 1,778,000[33]		Microsoft 2,040,000[33]		Microsoft 2,119,000[33]		Microsoft 2,525,000[33]
3		Amazon 1,558,000[37]		Amazon 1,735,000[37]		Alphabet 1,777,000[36]		Alphabet 1,922,000[36]
4		Alphabet 1,395,000[36]		Alphabet 1,680,000[36]		Amazon 1,664,000[37]		Amazon 1,691,000[37]
5		Meta 838,720[44]		Meta 985,920[44]		Meta 956,890[44]		Tesla 1,061,000[43]
6		Tencent 766,970[49]		Tencent 721,460[49]		Tesla 776,850[43]		Meta 935,640[44]
7		Tesla 641,110[43]		Tesla 654,780[43]		Berkshire Hathaway 619,950[39]		Nvidia 732,920[35]
8		Alibaba Group 615,010[51]		Berkshire Hathaway 637,280[39]		TSMC 579,030[41]		Berkshire Hathaway 668,630[39]
9		TSMC 613,410[41]		TSMC 623,160[41]		Tencent 574,460[49]		TSMC 623,930[41]
10		Berkshire Hathaway 590,050[39]		Alibaba Group 615,140[51]		Nvidia 517,900[35]		Tencent 559,900[49]

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[33]		Apple 1,576,000[34]		Apple 1,981,000[34]		Apple 2,254,000[34]
2		Apple 1,113,000[34]		Microsoft 1,551,000[33]		Microsoft 1,592,000[33]		Microsoft 1,682,000[33]
3		Amazon 970,590[37]		Amazon 1,432,590[37]		Amazon 1,577,000[37]		Amazon 1,634,000[37]
4		Alphabet 799,180[36]		Alphabet 979,700[36]		Alphabet 999,570[36]		Alphabet 1,185,000[36]
5		Alibaba Group 521,740[51]		Facebook 675,690[44]		Alibaba Group 795,400[51]		Facebook 776,590[44]
6		Facebook 475,460[44]		Tencent 620,920[49]		Facebook 746,100[44]		Tencent 683,470[49]
7		Tencent 471,660[49]		Alibaba Group 579,740[51]		Tencent 646,790[49]		Tesla 668,080[43]
8		Berkshire Hathaway 440,830[39]		Berkshire Hathaway 432,570[39]		Berkshire Hathaway 509,470[39]		Alibaba Group 628,650[51]
9		Visa 357,020[52]		Visa 412,710[52]		Visa 425,510[52]		TSMC 565,280[41]
10		Johnson & Johnson 345,700[47]		Johnson & Johnson 370,590[47]		TSMC 420,440[41]		Berkshire Hathaway 544,780[39]

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[33]		Microsoft 1,028,000[33]		Microsoft 1,062,000[33]		Apple 1,305,000[34]
2		Apple 835,670[34]		Amazon 928,540[37]		Apple 1,012,000[34]		Microsoft 1,203,000[33]
3		Amazon 874,710[37]		Apple 911,240[34]		Amazon 858,680[37]		Alphabet 922,130[36]
4		Alphabet 818,160[36]		Alphabet 751,170[36]		Alphabet 838,020[36]		Amazon 916,150[37]
5		Berkshire Hathaway 493,750[39]		Facebook 551,490[44]		Berkshire Hathaway 508,530[39]		Facebook 585,320[44]
6		Facebook 475,730[44]		Berkshire Hathaway 521,100[39]		Facebook 508,050[44]		Alibaba Group 569,010[51]
7		Alibaba Group 472,940[51]		Alibaba Group 439,150[51]		Alibaba Group 435,400[51]		Berkshire Hathaway 553,530[39]
8		Tencent 440,980[49]		Tencent 432,080[49]		Tencent 398,840[49]		Tencent 461,370[49]
9		Johnson & Johnson 372,230[47]		Visa 379,271[52]		Visa 385,370[52]		JPMorgan Chase 437,230[53]
10		Visa 353,710[52]		Johnson & Johnson 370,300[47]		JPMorgan Chase 376,310[53]		Visa 416,790[52]

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[34]		Apple 1,091,000[34]		Microsoft 780,520[33]
2		Alphabet 715,404		Amazon 824,790[37]		Amazon 976,650[37]		Apple 748,680[34]
3		Microsoft 702,760[33]		Alphabet 774,840[36]		Microsoft 877,400[33]		Amazon 735,900[37]
4		Amazon 700,672[37]		Microsoft 757,640[33]		Alphabet 839,740[54]		Alphabet 728,360[54]
5		Tencent 507,990[49]		Facebook 562,480[44]		Berkshire Hathaway 523,520[39]		Berkshire Hathaway 499,590[39]
6		Berkshire Hathaway 492,019[39]		Tencent 478,580[49]		Facebook 473,850[44]		Facebook 375,890[44]
7		Alibaba Group 470,930[51]		Alibaba Group 476,040[51]		Alibaba Group 423,600[51]		Tencent 375,110[49]
8		Facebook 464,189[44]		Berkshire Hathaway 463,980[39]		Tencent 388,080[49]		Alibaba Group 355,130[51]
9		JPMorgan Chase 377,410[53]		JPMorgan Chase 354,780[53]		JPMorgan Chase 379,440[53]		Johnson & Johnson 346,110[47]
10		Johnson & Johnson 343,780[47]		ExxonMobil 350,270[55]		Johnson & Johnson 370,650[47]		JPMorgan Chase 324,660[53]

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[56][note 3]		Second quarter[57][note 3]		Third quarter[58][note 3]		Fourth quarter
1		Apple 753,718		Apple 749,124		Apple 791,726		Apple 868,880[34]
2		Alphabet 573,570[36]		Alphabet 628,610[36]		Alphabet 664,550[36]		Alphabet 727,040[36]
3		Microsoft 508,935		Microsoft 528,778		Microsoft 568,965		Microsoft 659,910[33]
4		Amazon 423,031		Amazon 466,471		Amazon 459,435		Amazon 563,540[37]
5		Berkshire Hathaway 410,880[39]		Berkshire Hathaway 418,880[39]		Berkshire Hathaway 451,840[39]		Facebook 512,760[44]
6		ExxonMobil 339,897		Johnson & Johnson 357,310		Alibaba Group 436,850[51]		Tencent 493,340[59]
7		Johnson & Johnson 337,947		Facebook 357,176		Tencent 405,007		Berkshire Hathaway 489,490[39]
8		Facebook 334,552		Alibaba Group 356,390[51]		Facebook 399,946		Alibaba Group 440,712[59]
9		JPMorgan Chase 313,761		Tencent 344,879		ExxonMobil 348,248		Johnson & Johnson 375,360[47]
10		Wells Fargo 278,516		ExxonMobil 341,947		Johnson & Johnson 347,497		JPMorgan Chase 371,050[53]

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[60][note 3]		Second quarter[61][note 3]		Third quarter[62][note 3]		Fourth quarter[63][note 3]
1		Apple 607,465		Apple 517,069		Apple 604,475		Apple 617,588.49
2		Alphabet 535,660[36]		Alphabet 475,320[36]		Alphabet 535,660[36]		Alphabet 531,970[36]
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[39]
5		Berkshire Hathaway 349,740[39]		Berkshire Hathaway 345,860[39]		ExxonMobil 358,519		ExxonMobil 374,280
6		Johnson & Johnson 300,604		Amazon 337,641		Berkshire Hathaway 358,300[39]		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[64]		Second quarter[65]		Third quarter[66][note 3]		Fourth quarter[67][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[36]		Alphabet 534,090[36]
3		Berkshire Hathaway 356,510.7		ExxonMobil 347,868.1		Microsoft 347,432		Microsoft 449,799
4		Google 345,849.2[68]		Google 336,014.5[36]		Berkshire Hathaway 318,180[39]		Berkshire Hathaway 323,750[39]
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[69]		Second quarter[70]		Third quarter[71]		Fourth quarter[72]
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	× × €4.95 / month Favourites List Audio Listining Color Mode Monthly New Updates Fullname * Email * Credit or debit card Subscribe A PHP Error was encountered Severity: Notice Message: Undefined variable: userid Filename: user/popup_modal.php Line Number: 68 Backtrace: File: /home/ah0ejbmyowku/public_html/application/views/user/popup_modal.php Line: 68 Function: _error_handler File: /home/ah0ejbmyowku/public_html/application/views/page/index.php Line: 478 Function: view File: /home/ah0ejbmyowku/public_html/application/controllers/Main.php Line: 107 Function: view File: /home/ah0ejbmyowku/public_html/index.php Line: 315 Function: require_once "> Subscribe Now Premium Membership × €4.95 € 9.90 / month Create a Premium Account quick and easy Save your Favourite Pages Listen to any page in Audio Colour Night Mode Create your Account Modal title × Close Save changes Cancel Subscription × List_of_public_corporations_by_market_capitalization" id="cancelSubscription" name="cancelSubscription" class="mb-0"> Are you sure you want to cancel your membership with us? A PHP Error was encountered Severity: Notice Message: Undefined variable: user_membership Filename: user/popup_modal.php Line Number: 192 Backtrace: File: /home/ah0ejbmyowku/public_html/application/views/user/popup_modal.php Line: 192 Function: _error_handler File: /home/ah0ejbmyowku/public_html/application/views/page/index.php Line: 478 Function: view File: /home/ah0ejbmyowku/public_html/application/controllers/Main.php Line: 107 Function: view File: /home/ah0ejbmyowku/public_html/index.php Line: 315 Function: require_once A PHP Error was encountered Severity: Warning Message: Invalid argument supplied for foreach() Filename: user/popup_modal.php Line Number: 192 Backtrace: File: /home/ah0ejbmyowku/public_html/application/views/user/popup_modal.php Line: 192 Function: _error_handler File: /home/ah0ejbmyowku/public_html/application/views/page/index.php Line: 478 Function: view File: /home/ah0ejbmyowku/public_html/application/controllers/Main.php Line: 107 Function: view File: /home/ah0ejbmyowku/public_html/index.php Line: 315 Function: require_once A PHP Error was encountered Severity: Notice Message: Undefined variable: userid Filename: user/popup_modal.php Line Number: 208 Backtrace: File: /home/ah0ejbmyowku/public_html/application/views/user/popup_modal.php Line: 208 Function: _error_handler File: /home/ah0ejbmyowku/public_html/application/views/page/index.php Line: 478 Function: view File: /home/ah0ejbmyowku/public_html/application/controllers/Main.php Line: 107 Function: view File: /home/ah0ejbmyowku/public_html/index.php Line: 315 Function: require_once "> Yes Cancel Continue Subscription Harry Potter Books × A PHP Error was encountered Severity: Notice Message: Undefined variable: products Filename: user/popup_harry_book.php Line Number: 24 Backtrace: File: /home/ah0ejbmyowku/public_html/application/views/user/popup_harry_book.php Line: 24 Function: _error_handler File: /home/ah0ejbmyowku/public_html/application/views/page/index.php Line: 479 Function: view File: /home/ah0ejbmyowku/public_html/application/controllers/Main.php Line: 107 Function: view File: /home/ah0ejbmyowku/public_html/index.php Line: 315 Function: require_once A PHP Error was encountered Severity: Warning Message: Invalid argument supplied for foreach() Filename: user/popup_harry_book.php Line Number: 24 Backtrace: File: /home/ah0ejbmyowku/public_html/application/views/user/popup_harry_book.php Line: 24 Function: _error_handler File: /home/ah0ejbmyowku/public_html/application/views/page/index.php Line: 479 Function: view File: /home/ah0ejbmyowku/public_html/application/controllers/Main.php Line: 107 Function: view File: /home/ah0ejbmyowku/public_html/index.php Line: 315 Function: require_once