List of public corporations by market capitalization

Short description: none

The following is a list of publicly traded companies, that have the largest market capitalization or sometimes described as their "market value".[1]

Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day. The list is expressed in USD millions, using exchange rates from the selected day to convert other currencies.[2]

## Contents

* 1 Trillion-dollar companies
* 2 Publicly traded companies
* 2.1 2025
* 2.2 2024
* 2.3 2023
* 2.4 2022
* 2.5 2021
* 2.6 2020
* 2.7 2019
* 2.8 2018
* 2.9 2017
* 2.10 2016
* 2.11 2015
* 2.12 2014
* 2.13 2013
* 2.14 2012
* 2.15 2011
* 2.16 2010
* 2.17 2009
* 2.18 2008
* 2.19 2007
* 2.20 2006
* 2.21 2005
* 2.22 2004
* 2.23 2003
* 2.24 2002
* 2.25 2001
* 2.26 2000
* 3 See also
* 4 Notes
* 5 References

## Trillion-dollar companies

The table below lists all companies that have ever had a market capitalization of $1 trillion or more, the date on which their market cap first exceeded each milestone, and their record value.[3][4]

Company  | Country  | When first passed  | Record value date  | Record value (in billions USD) | Ref.

|
|
|
|
|

$1 trillion  | $2 trillion  | $3 trillion  | $4 trillion  | $5 trillion  | Nominal  | Inflation-
adjusted[5]
Nvidia |  | 30 May 2023  | 23 February 2024  | 5 June 2024  | 9 July 2025  | 29 October 2025  | 29 October 2025  | [6][7][8][9][10][11]
Apple |  | 2 August 2018  | 19 August 2020  | 3 January 2022  | 28 October 2025  | —  | 2 December 2025  | [12][13][14][15]
Alphabet  |  | 16 January 2020  | 8 November 2021  | 15 September 2025  | 12 January 2026  | —  | 2 February 2026  | [16][17][18][19]
Microsoft |  | 25 April 2019  | 22 June 2021  | 24 January 2024  | 31 July 2025  | —  | 31 July 2025  | [20][21][22][23]
Amazon |  | 4 September 2018  | 26 June 2024  | —  | —  | —  | 3 November 2025  | [24][25][26]
TSMC |  | 17 October 2024  | 24 February 2026  | —  | —  | —  | 15 January 2026  | [note 1][28][29][30]
Meta |  | 28 June 2021  | 15 August 2025  | —  | —  | —  | 15 August 2025  | [note 2][31][32]
Saudi Aramco  |  | 11 December 2018  | 12 December 2019  | —  | —  | —  | 10 May 2022  | [33][34][35]
Tesla |  | 25 October 2021  | —  | —  | —  | —  | 30 January 2026  | [36][37]
Broadcom |  | 13 December 2024  | 25 November 2025  | —  | —  | —  | 11 December 2025  | [38][39]
Berkshire Hathaway |  | 28 August 2024  | —  | —  | —  | —  | 3 May 2025  | [40][41]
Walmart |  | 03 February 2026  | —  | —  | —  | —  | 05 February 2026  | 1,075  | [42]
Eli Lilly |  | 21 November 2025  | —  | —  | —  | —  | 5 February 2026
Samsung |  | 26 February 2026  | —  | —  | —  | —  | 26 February 2026
PetroChina |  | 5 November 2007  | —  | —  | —  | —  | 5 November 2007  | [note 3]

## Publicly traded companies

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.[2]

Note: All market capitalization figures are in USD millions.

### 2025

This list is up to date as of 31 December 2025[update]. Indicated changes in market value are relative to the previous quarter.

Rank  | First quarter  | Second quarter  | Third quarter  | Fourth quarter

|
|
|
|

1  |  | Apple
3,337,000[46] |  | Nvidia
3,850,000[47] |  | Nvidia
4,542,000[47] |  | Nvidia
4,638,000[47]
2  |  | Microsoft
2,791,000[48] |  | Microsoft
3,700,000[48] |  | Microsoft
3,850,000[48] |  | Apple
4,057,000[46]
3  |  | Nvidia
2,644,000[47] |  | Apple
3,060,000[46] |  | Apple
3,794,000[46] |  | Alphabet
3,802,000[49]
4  |  | Amazon
2,016,000[50] |  | Amazon
2,330,000[50] |  | Alphabet
2,975,000[49] |  | Microsoft
3,625,000[48]
5  |  | Alphabet
1,895,000[49] |  | Alphabet
2,150,000[49] |  | Amazon
2,341,000[50] |  | Amazon
2,485,000[50]
6  |  | Meta
1,460,000[51] |  | Meta
1,860,000[51] |  | Meta
1,845,000[51] |  | Meta
1,671,000[51]
7  |  | Berkshire Hathaway
1,140,000[52] |  | Broadcom
1,300,000[53] |  | Broadcom
1,589,000[53] |  | Broadcom
1,669,000[53]
8  |  | Tesla
833,529[54] |  | TSMC
1,170,000[55] |  | Tesla
1,478,000[54] |  | Tesla
1,580,000[54]
9  |  | Broadcom
787,247[53] |  | Berkshire Hathaway
1,050,000[52] |  | TSMC
1,448,000[55] |  | TSMC
1,570,000[55]
10  |  | Eli Lilly
782,950[56] |  | Tesla
1,020,000[54] |  | Berkshire Hathaway
1,086,000[52] |  | Berkshire Hathaway
1,074,000[52]

### 2024

Source:[3]

This list is up to date as of 31 December 2024[update]. 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[48] |  | Apple
3,322,000[48] |  | Microsoft
3,543,000[46] |  | Apple
3,785,000[46]
2  |  | Apple
2,648,000[46] |  | Microsoft
3,230,000[46] |  | Apple
3,198,000[48] |  | Nvidia
3,289,000[47]
3  |  | Nvidia
2,259,000[47] |  | Nvidia
3,182,000[47] |  | Nvidia
2,979,000[47] |  | Microsoft
3,134,000[48]
4  |  | Alphabet
1,893,000[49] |  | Alphabet
2,267,000[49] |  | Alphabet
2,058,000[49] |  | Alphabet
2,331,000[49]
5  |  | Amazon
1,874,000[50] |  | Amazon
2,011,000[50] |  | Amazon
1,956,000[50] |  | Amazon
2,307,000[50]
6  |  | Meta
1,238,000[51] |  | Meta
1,279,000[51] |  | Meta
1,448,000[51] |  | Meta
1,478,000[51]
7  |  | Berkshire Hathaway
912,130[52] |  | TSMC
901,390[55] |  | Berkshire Hathaway
993,020[52] |  | Tesla
1,296,000[54]
8  |  | Eli Lilly
739,660[56] |  | Berkshire Hathaway
879,670[52] |  | TSMC
900,670[55] |  | Broadcom
1,087,000[53]
9  |  | TSMC
705,690[55] |  | Eli Lilly
815,210[56] |  | Tesla
835,810[54] |  | TSMC
1,024,000[55]
10  |  | Broadcom
614,220[53] |  | Broadcom
747,360[53] |  | Broadcom
805,670[53] |  | Berkshire Hathaway
978,890[52]

### 2023

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[46] |  | Apple
3,050,000[46] |  | Apple
2,677,000[46] |  | Apple
2,994,000[46]
2  |  | Microsoft
2,146,000[48] |  | Microsoft
2,532,000[48] |  | Microsoft
2,346,000[48] |  | Microsoft
2,795,000[48]
3  |  | Alphabet
1,332,000[49] |  | Alphabet
1,530,000[49] |  | Alphabet
1,662,000[49] |  | Alphabet
1,764,000[49]
4  |  | Amazon
1,058,000[50] |  | Amazon
1,337,000[50] |  | Amazon
1,312,000[50] |  | Amazon
1,570,000[50]
5  |  | Nvidia
686,090[47] |  | Nvidia
1,044,000[47] |  | Nvidia
1,074,000[47] |  | Nvidia
1,223,000[47]
6  |  | Berkshire Hathaway
677,770[52] |  | Tesla
829,670[54] |  | Tesla
794,200[54] |  | Meta
909,000[51]
7  |  | Tesla
656,420[54] |  | Berkshire Hathaway
745,010[52] |  | Meta
772,490[51] |  | Tesla
789,930[54]
8  |  | Meta
549,480[57] |  | Meta
735,450[57] |  | Berkshire Hathaway
769,260[52] |  | Berkshire Hathaway
783,550[52]
9  |  | TSMC
482,410[55] |  | TSMC
523,410[55] |  | Eli Lilly
509,890[56] |  | Eli Lilly
553,370[56]
10  |  | Visa
473,870[58] |  | Visa
497,370[58] |  | Visa
480,990[58] |  | TSMC
539,390[55]

### 2022

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[46] |  | Apple
2,212,000[46] |  | Apple
2,221,000[46] |  | Apple

2,066,000[46]

2  |  | Microsoft
2,311,000[48] |  | Microsoft
1,920,000[48] |  | Microsoft
1,737,000[48] |  | Microsoft

1,787,000[48]

3  |  | Alphabet
1,846,000[49] |  | Alphabet
1,435,000[49] |  | Alphabet
1,254,000[49] |  | Alphabet

1,145,000[49]

4  |  | Amazon
1,659,000[50] |  | Amazon
1,080,000[50] |  | Amazon
1,151,000[50] |  | Amazon

856,940[50]

5  |  | Tesla
1,114,000[54] |  | Tesla
697,660[54] |  | Tesla
831,150[54] |  | Berkshire Hathaway

681,770[52]

6  |  | Berkshire Hathaway
779,150[52] |  | Berkshire Hathaway
602,450[52] |  | Berkshire Hathaway
596,410[52] |  | UnitedHealth

495,370[59]

7  |  | Nvidia
684,880[47] |  | UnitedHealth
481,870[59] |  | UnitedHealth
472,410[59] |  | Johnson & Johnson

461,840[60]

8  |  | Meta
605,250[57] |  | Johnson & Johnson
467,090[60] |  | Johnson & Johnson
429,500[60] |  | ExxonMobil

454,240[61]

9  |  | TSMC
540,670[55] |  | Tencent
445,990[62] |  | Visa
374,380[58] |  | Visa

439,950[58]

10  |  | UnitedHealth
479,830[59] |  | Meta
436,390[57] |  | Meta
364,650[63] |  | Tencent

405,090[62]

### 2021

This list is up to date as of December 31, 2021[update]. Indicated changes in market value are relative to the previous quarter. <section begin="ImportTopPortalCompanies" />

Rank  | First quarter  | Second quarter  | Third quarter  | Fourth quarter

|
|
|
|

1 |  | Apple
2,050,000[46] |  | Apple
2,286,000[46] |  | Apple
2,339,000[46] |  | Apple
2,913,000[46]
2 |  | Microsoft
1,778,000[48] |  | Microsoft
2,040,000[48] |  | Microsoft
2,119,000[48] |  | Microsoft
2,525,000[48]
3 |  | Amazon
1,558,000[50] |  | Amazon
1,735,000[50] |  | Alphabet
1,777,000[49] |  | Alphabet
1,922,000[49]
4 |  | Alphabet
1,395,000[49] |  | Alphabet
1,680,000[49] |  | Amazon
1,664,000[50] |  | Amazon
1,691,000[50]
5 |  | Meta
838,720[57] |  | Meta
985,920[57] |  | Meta
956,890[57] |  | Tesla
1,061,000[54]
6 |  | Tencent
766,970[62] |  | Tencent
721,460[62] |  | Tesla
776,850[54] |  | Meta
935,640[57]
7 |  | Tesla
641,110[54] |  | Tesla
654,780[54] |  | Berkshire Hathaway
619,950[52] |  | Nvidia
732,920[47]
8 |  | Alibaba Group
615,010[64] |  | Berkshire Hathaway
637,280[52] |  | TSMC
579,030[55] |  | Berkshire Hathaway
668,630[52]
9 |  | TSMC
613,410[55] |  | TSMC
623,160[55] |  | Tencent
574,460[62] |  | TSMC
623,930[55]
10 |  | Berkshire Hathaway
590,050[52] |  | Alibaba Group
615,140[64] |  | Nvidia
517,900[47] |  | Tencent
559,900[62]

<section end=ImportTopPortalCompanies />

### 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[48] |  | Apple
1,576,000[46] |  | Apple
1,981,000[46] |  | Apple
2,254,000[46]
2 |  | Apple
1,113,000[46] |  | Microsoft
1,551,000[48] |  | Microsoft
1,592,000[48] |  | Microsoft
1,682,000[48]
3 |  | Amazon
970,590[50] |  | Amazon
1,432,590[50] |  | Amazon
1,577,000[50] |  | Amazon
1,634,000[50]
4 |  | Alphabet
799,180[49] |  | Alphabet
979,700[49] |  | Alphabet
999,570[49] |  | Alphabet
1,185,000[49]
5 |  | Alibaba Group
521,740[64] |  | Facebook
675,690[57] |  | Alibaba Group
795,400[64] |  | Facebook
776,590[57]
6 |  | Facebook
475,460[57] |  | Tencent
620,920[62] |  | Facebook
746,100[57] |  | Tencent
683,470[62]
7 |  | Tencent
471,660[62] |  | Alibaba Group
579,740[64] |  | Tencent
646,790[62] |  | Tesla
668,080[54]
8 |  | Berkshire Hathaway
440,830[52] |  | Berkshire Hathaway
432,570[52] |  | Berkshire Hathaway
509,470[52] |  | Alibaba Group
628,650[64]
9 |  | Visa
357,020[65] |  | Visa
412,710[65] |  | Visa
425,510[65] |  | TSMC
565,280[55]
10 |  | Johnson & Johnson
345,700[60] |  | Johnson & Johnson
370,590[60] |  | TSMC
420,440[55] |  | Berkshire Hathaway
544,780[52]

### 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[48] |  | Microsoft
1,028,000[48] |  | Microsoft
1,062,000[48] |  | Apple
1,305,000[46]
2 |  | Apple
835,670[46] |  | Amazon
928,540[50] |  | Apple
1,012,000[46] |  | Microsoft
1,203,000[48]
3 |  | Amazon
874,710[50] |  | Apple
911,240[46] |  | Amazon
858,680[50] |  | Alphabet
922,130[49]
4 |  | Alphabet
818,160[49] |  | Alphabet
751,170[49] |  | Alphabet
838,020[49] |  | Amazon
916,150[50]
5 |  | Berkshire Hathaway
493,750[52] |  | Facebook
551,490[57] |  | Berkshire Hathaway
508,530[52] |  | Facebook
585,320[57]
6 |  | Facebook
475,730[57] |  | Berkshire Hathaway
521,100[52] |  | Facebook
508,050[57] |  | Alibaba Group
569,010[64]
7 |  | Alibaba Group
472,940[64] |  | Alibaba Group
439,150[64] |  | Alibaba Group
435,400[64] |  | Berkshire Hathaway
553,530[52]
8 |  | Tencent
440,980[62] |  | Tencent
432,080[62] |  | Tencent
398,840[62] |  | Tencent
461,370[62]
9 |  | Johnson & Johnson
372,230[60] |  | Visa
379,271[65] |  | Visa
385,370[65] |  | JPMorgan Chase
437,230[66]
10 |  | Visa
353,710[65] |  | Johnson & Johnson
370,300[60] |  | JPMorgan Chase
376,310[66] |  | Visa
416,790[65]

### 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[46] |  | Apple
1,091,000[46] |  | Microsoft
780,520[48]
2 |  | Alphabet
715,404 |  | Amazon
824,790[50] |  | Amazon
976,650[50] |  | Apple
748,680[46]
3 |  | Microsoft
702,760[48] |  | Alphabet
774,840[49] |  | Microsoft
877,400[48] |  | Amazon
735,900[50]
4 |  | Amazon
700,672[50] |  | Microsoft
757,640[48] |  | Alphabet
839,740[67] |  | Alphabet
728,360[67]
5 |  | Tencent
507,990[62] |  | Facebook
562,480[57] |  | Berkshire Hathaway
523,520[52] |  | Berkshire Hathaway
499,590[52]
6 |  | Berkshire Hathaway
492,019[52] |  | Tencent
478,580[62] |  | Facebook
473,850[57] |  | Facebook
375,890[57]
7 |  | Alibaba Group
470,930[64] |  | Alibaba Group
476,040[64] |  | Alibaba Group
423,600[64] |  | Tencent
375,110[62]
8 |  | Facebook
464,189[57] |  | Berkshire Hathaway
463,980[52] |  | Tencent
388,080[62] |  | Alibaba Group
355,130[64]
9 |  | JPMorgan Chase
377,410[66] |  | JPMorgan Chase
354,780[66] |  | JPMorgan Chase
379,440[66] |  | Johnson & Johnson
346,110[60]
10 |  | Johnson & Johnson
343,780[60] |  | ExxonMobil
350,270[68] |  | Johnson & Johnson
370,650[60] |  | JPMorgan Chase
324,660[66]

### 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[69][note 4] | Second quarter[70][note 4] | Third quarter[71][note 4] | Fourth quarter

|
|
|
|

1 |  | Apple
753,718 |  | Apple
749,124 |  | Apple
791,726 |  | Apple
868,880[46]
2 |  | Alphabet
573,570[49] |  | Alphabet
628,610[49] |  | Alphabet
664,550[49] |  | Alphabet
727,040[49]
3 |  | Microsoft
508,935 |  | Microsoft
528,778 |  | Microsoft
568,965 |  | Microsoft
659,910[48]
4 |  | Amazon
423,031 |  | Amazon
466,471 |  | Amazon
459,435 |  | Amazon
563,540[50]
5 |  | Berkshire Hathaway
410,880[52] |  | Berkshire Hathaway
418,880[52] |  | Berkshire Hathaway
451,840[52] |  | Facebook
512,760[57]
6 |  | ExxonMobil
339,897 |  | Johnson & Johnson
357,310 |  | Alibaba Group
436,850[64] |  | Tencent
493,340[72]
7 |  | Johnson & Johnson
337,947 |  | Facebook
357,176 |  | Tencent
405,007 |  | Berkshire Hathaway
489,490[52]
8 |  | Facebook
334,552 |  | Alibaba Group
356,390[64] |  | Facebook
399,946 |  | Alibaba Group
440,712[72]
9 |  | JPMorgan Chase
313,761 |  | Tencent
344,879 |  | ExxonMobil
348,248 |  | Johnson & Johnson
375,360[60]
10 |  | Wells Fargo
278,516 |  | ExxonMobil
341,947 |  | Johnson & Johnson
347,497  |  | JPMorgan Chase
371,050[66]

### 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[73][note 4] | Second quarter[74][note 4] | Third quarter[75][note 4] | Fourth quarter[76][note 4]

|
|
|
|

1 |  | Apple
607,465 |  | Apple
517,069 |  | Apple
604,475 |  | Apple
617,588.49
2 |  | Alphabet
535,660[49] |  | Alphabet
475,320[49] |  | Alphabet
535,660[49] |  | Alphabet
531,970[49]
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[52]
5 |  | Berkshire Hathaway
349,740[52] |  | Berkshire Hathaway
345,860[52] |  | ExxonMobil
358,519 |  | ExxonMobil
374,280
6 |  | Johnson & Johnson
300,604 |  | Amazon
337,641 |  | Berkshire Hathaway
358,300[52] |  | 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[77] | Second quarter[78] | Third quarter[79][note 4] | Fourth quarter[80][note 4]

|
|
|
|

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[49] |  | Alphabet
534,090[49]
3 |  | Berkshire Hathaway
356,510.7 |  | ExxonMobil
347,868.1 |  | Microsoft
347,432 |  | Microsoft
439,680[81]
4 |  | Google
345,849.2[82] |  | Google
336,014.5[49] |  | Berkshire Hathaway
318,180[52] |  | Berkshire Hathaway
323,750[52]
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[83] | Second quarter[84] | Third quarter[85] | Fourth quarter[86]

|
|
|
|

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 31 December 2013. Indicated changes in market value are relative to the previous quarter.

Rank  | First quarter[87] | Second quarter[88] | Third quarter[89] | Fourth quarter[90]

|
|
|
|

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 31 December 2012. Indicated changes in market value are relative to the previous quarter.

Rank  | First quarter[91] | Second quarter[92] | Third quarter[93] | Fourth quarter[94]

|
|
|
|

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 31 December 2011. Indicated changes in market value are relative to the previous quarter.

Rank  | First quarter[95] | Second quarter[96] | Third quarter[97] | Fourth quarter[98]

|
|
|
|

1 |  | ExxonMobil
417,166.7 |  | ExxonMobil
400,884.5 |  | Apple
353,518.1 |  | ExxonMobil
406,272.1
2 |  | PetroChina
326,199.2 |  | Apple
310,412.3 |  | ExxonMobil
353,135.2 |  | Apple
376,410.6
3 |  | Apple
321,072.1 |  | PetroChina
303,649.9 |  | PetroChina
276,473.9 |  | PetroChina
276,844.9
4 |  | ICBC
251,078.1 |  | ICBC
246,850.5 |  | IBM
208,843.5 |
| Royal Dutch Shell
236,677.0
5 |  | Petrobras
247,417.6 |
| BHP Billiton
233,626.5 |  | Microsoft
208,534.9 |  | ICBC
228,168.1
6 |
| BHP Billiton
247,079.5 |
| Royal Dutch Shell
225,122.8 |  | ICBC
206,021.4 |  | Microsoft
218,380.1
7 |  | China Construction Bank
232,608.6 |  | Microsoft
219,251.9 |  | China Mobile
198,778.7 |  | IBM
216,724.4
8 |
| Royal Dutch Shell
226,128.7 |  | Nestlé
215,017.5 |
| Royal Dutch Shell
197,061.1 |  | Chevron Corporation
211,893.9
9 |  | Chevron Corporation
215,780.6 |  | Petrobras
210,111.4 |  | Nestlé
191,115.6 |  | Walmart
204,659.8
10 |  | Microsoft
213,336.4 |  | IBM
207,781.4 |  | Chevron Corporation
185,456.1 |  | China Mobile
196,148.4

### 2010

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

Rank  | First quarter[99] | Second quarter[100] | Third quarter[101] | Fourth quarter[102]

|
|
|
|

1 |  | PetroChina
329,259.7 |  | ExxonMobil
291,789.1 |  | ExxonMobil
314,622.5 |  | ExxonMobil
368,711.5
2 |  | ExxonMobil
316,230.8 |  | PetroChina
268,504.8 |  | PetroChina
270,889.9 |  | PetroChina
303,273.6
3 |  | Microsoft
256,864.7 |  | Apple
228,876.8 |  | Apple
259,223.4 |  | Apple
295,886.3
4 |  | ICBC
246,419.8 |  | ICBC
211,258.7 |  | Petrobras
220,616.5 |
| BHP Billiton
243,540.3
5 |  | Apple
213,096.7 |  | Microsoft
201,655.8 |  | ICBC
213,364.1 |  | Microsoft
238,784.5
6 |
| BHP Billiton
209,935.1 |  | China Mobile
201,471.2 |  | Microsoft
210,676.4 |  | ICBC
233,369.1
7 |  | Walmart
209,000.7 |  | Berkshire Hathaway
197,356.8 |  | China Mobile
205,339.6 |  | Petrobras
229,066.6
8 |  | Berkshire Hathaway
200,620.5 |  | China Construction Bank
189,170.7 |  | Berkshire Hathaway
204,792.0 |  | China Construction Bank
222,245.1
9 |  | General Electric
194,246.2 |  | Walmart
178,322.7 |  | China Construction Bank
202,998.4 |
| Royal Dutch Shell
208,593.7
10 |  | China Mobile
192,998.6 |  | Procter & Gamble
172,736.5 |
| BHP Billiton
196,866.0 |  | Nestlé
203,534.3

### 2009

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

Rank  | First quarter[103] | Second quarter[104] | Third quarter[105] | Fourth quarter[106]

|
|
|
|

1 |  | ExxonMobil
336,527 |  | PetroChina
366,662.9 |  | ExxonMobil
329,725 |  | PetroChina
353,140.1
2 |  | PetroChina
287,185 |  | ExxonMobil
341,140.3 |  | PetroChina
325,097.5 |  | ExxonMobil
323,717.1
3 |  | Walmart
204,365 |  | ICBC
257,004.4 |  | ICBC
237,951.5 |  | Microsoft
270,635.4
4 |  | ICBC
187,885 |  | Microsoft
211,546.2 |  | Microsoft
229,630.7 |  | ICBC
268,956.2
5 |  | China Mobile
174,673 |  | China Mobile
200,832.4 |  | HSBC
198,561.1 |  | Walmart
203,653.6
6 |  | Microsoft
163,320 |  | Walmart
188,752.0 |  | China Mobile
195,680.4 |  | China Construction Bank
201,436.1
7 |  | AT&T
148,511 |  | China Construction Bank
182,186.7 |  | Walmart
189,331.6 |
| BHP Billiton
201,248
8 |  | Johnson & Johnson
145,481 |  | Petrobras
165,056.9 |  | Petrobras
189,027.7 |  | HSBC
199,254.9
9 |
| Royal Dutch Shell
138,999 |  | Johnson & Johnson
156,515.9 |  | China Construction Bank
186,816.7 |  | Petrobras
199,107.9
10 |  | Procter & Gamble
138,013 |
| Royal Dutch Shell
156,386.7 |
| Royal Dutch Shell
175,986.1 |  | Apple
189,801.7

### 2008

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

Rank  | First quarter[107] | Second quarter[108] | Third quarter[109] | Fourth quarter[110]

|
|
|
|

1 |  | ExxonMobil
452,505 |  | ExxonMobil
465,652  |  | ExxonMobil
403,366 |  | ExxonMobil
406,067
2 |  | PetroChina
423,996 |  | PetroChina
341,140.3 |  | PetroChina
325,097.5 |  | PetroChina
259,836
3 |  | General Electric
369,569 |  | ICBC
257,004.4 |  | ICBC
237,951.5 |  | Walmart
219,898
4 |  | Gazprom
299,764 |  | Microsoft
211,546.2 |  | Microsoft
229,630.7 |  | China Mobile
201,291
5 |  | China Mobile
298,093 |  | China Mobile
200,832.4 |  | HSBC
198,561.1 |  | Procter & Gamble
184,576
6 |  | ICBC
277,236 |  | Walmart
188,752.0 |  | China Mobile
195,680.4 |  | ICBC
173,930
7 |  | Microsoft
264,132 |  | China Construction Bank
182,186.7 |  | Walmart
189,331.6 |  | Microsoft
172,929
8 |  | AT&T
231,168 |  | Petrobras
165,056.9 |  | Petrobras
189,027.7 |  | AT&T
167,950
9 |
| Royal Dutch Shell
220,110 |  | Johnson & Johnson
156,515.9 |  | China Construction Bank
186,816.7 |  | Johnson & Johnson
166,002
10 |  | Procter & Gamble
215,640 |
| Royal Dutch Shell
156,386.7 |
| Royal Dutch Shell
175,986.1 |  | General Electric
161,278

### 2007

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

Rank  | First quarter[111] | Second quarter[112] | Third quarter[113] | Fourth quarter[114]

|
|
|
|

1 |  | ExxonMobil
429,567 |  | ExxonMobil
472,519 |  | ExxonMobil
513,362 |  | Petrochina
723,952
2 |  | General Electric
363,611 |  | General Electric
393,831 |  | General Electric
424,191 |  | ExxonMobil
511,887
3 |  | Microsoft
272,912 |  | Microsoft
281,934 |  | China Mobile
327,937 |  | General Electric
374,637
4 |  | Citigroup
252,857 |
| Royal Dutch Shell
266,141 |  | ICBC
279,269 |  | China Mobile
354,120
5 |  | AT&T
246,206 |  | AT&T
255,871 |  | Microsoft
276,202 |  | ICBC
338,989
6 |  | Gazprom
245,911 |  | Citigroup
253,703 |
| Royal Dutch Shell
264,397 |  | Microsoft
333,054
7 |  | Toyota
230,832 |  | Gazprom
245,757 |  | Gazprom
260,249 |  | Gazprom
329,591
8 |  | Bank of America
228,177 |  | BP
231,491 |  | AT&T
258,047 |
| Royal Dutch Shell
269,544
9 |  | ICBC
224,788 |  | Toyota
228,009 |  | Citigroup
232,162 |  | AT&T
252,051
10 |
| Royal Dutch Shell
214,018 |  | Bank of America
216,963 |  | Bank of America
223,066 |  | Sinopec
249,645

### 2006

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

Rank  | First quarter[115] | Second quarter[116] | Third quarter[117] | Fourth quarter[118]

|
|
|
|

1 |  | ExxonMobil
371,631 |  | ExxonMobil
371,187 |  | ExxonMobil
398,906 |  | ExxonMobil
446,943
2 |  | General Electric
362,527 |  | General Electric
342,731 |  | General Electric
364,414 |  | General Electric
383,564
3 |  | Microsoft
281,171 |  | Gazprom
246,341 |  | Microsoft
272,679.0 |  | Microsoft
293,537
4 |  | Citigroup
238,935 |  | Citigroup
239,862 |  | Gazprom
254,634.3 |  | Citigroup
273,691
5 |  | BP
233,260 |  | Microsoft
237,688 |  | Citigroup
246,727 |  | Gazprom
271,482
6 |  | Bank of America
211,706 |  | BP
233,151 |  | Bank of America
242,451 |  | ICBC
254,592
7 |
| Royal Dutch Shell
211,280 |
| Royal Dutch Shell
224,925 |
| Royal Dutch Shell
216,368 |  | Toyota
241,161
8 |  | Walmart
196,860 |  | Bank of America
219,504 |  | BP
215,623 |  | Bank of America
239,758
9 |  | Toyota
196,731 |  | HSBC
201,854 |  | HSBC
209,774 |
| Royal Dutch Shell
225,781
10 |  | Gazprom
196,339 |  | Walmart
200,762 |  | Pfizer
206,785 |  | BP
218,643

### 2005

This Financial Times–based list is up to date as of 31 March 2005.[119]

Rank  | Name  | Country  | Primary industry  | Market value
(USD million)

|
|
|
|

1 | General Electric | United States | Conglomerate | 382,233
2 | ExxonMobil | United States | Oil and gas | 380,567
3 | Microsoft | United States | Software industry | 262,975
4 | Citigroup | United States | Banking | 234,437
5 | BP | United Kingdom | Oil and gas | 221,365
6 | Walmart | United States | Retail | 212,209
7 | Royal Dutch Shell | Netherlands

United Kingdom

| Oil and gas | 210,630
8 | Johnson & Johnson | United States | Health care | 199,711
9 | Pfizer | United States | Health care | 195,945
10 | Bank of America | United States | Banking | 178,765

### 2004

This Financial Times–based list is up to date as 31 March 2004.[120]

Rank  | Name  | Country  | Primary industry  | Market value (USD million)

|
|
|
|

1 | General Electric | United States | Conglomerate | 299,336
2 | Microsoft | United States | Software industry | 271,911
3 | ExxonMobil | United States | Oil and gas | 263,940
4 | Pfizer | United States | Health care | 261,616
5 | Citigroup | United States | Banking | 259,191
6 | Walmart | United States | Retail | 258,888
7 | American International Group | United States | Insurance | 183,696
8 | Intel Corporation | United States | Computer hardware | 179,996
9 | BP | United Kingdom | Oil and gas | 174,648
10 | HSBC | United Kingdom | Banking | 163,574

### 2003

This Financial Times–based list is up to date as December 2003.[121]

Rank  | Name  | Country  | Primary industry  | Market value (USD million)

|
|
|
|

1 | Microsoft | United States | Software industry | 264,003
2 | General Electric | United States | Conglomerate | 259,647
3 | ExxonMobil | United States | Oil and gas | 241,037
4 | Walmart | United States | Retail | 234,399
5 | Pfizer | United States | Health care | 195,948
6 | Citigroup | United States | Banking | 183,887
7 | Johnson & Johnson | United States | Health care | 170,417
8 | Royal Dutch Shell | Netherlands

United Kingdom

| Oil and gas | 149,034
9 | BP | United Kingdom | Oil and gas | 144,381
10 | IBM | United States | Computer software, computer hardware | 139,272

### 2002

This Financial Times–based list is up to date December 2002.[122]

Rank  | Name  | Country  | Primary industry  | Market value (USD million)

|
|
|
|

1 | General Electric | United States | Conglomerate | 372,089
2 | Microsoft | United States | Software industry | 326,639
3 | ExxonMobil | United States | Oil and gas | 299,820
4 | Walmart | United States | Retail | 273,220
5 | Citigroup | United States | Banking | 255,299
6 | Pfizer | United States | Health care | 249,021
7 | Intel Corporation | United States | Computer hardware | 203,838
8 | BP | United Kingdom | Oil and gas | 200,794
9 | Johnson & Johnson | United States | Health care | 197,912
10 | Royal Dutch Shell | Netherlands

United Kingdom

| Oil and gas | 189,913

### 2001

This Financial Times–based list is up to date as 31 March 2001.[123]

Rank  | Name  | Country  | Primary industry  | Market value (USD million)

|
|
|
|

1 | General Electric | United States | Conglomerate | 477,406
2 | Cisco Systems | United States | Networking hardware | 304,699
3 | ExxonMobil | United States | Oil and gas | 286,367
4 | Pfizer | United States | Health care | 263,996
5 | Microsoft | United States | Software industry | 258,436
6 | Walmart | United States | Retail | 250,955
7 | Citigroup | United States | Banking | 250,143
8 | Vodafone | United Kingdom | Telecommunications | 227,175
9 | Intel | United States | Computer hardware | 227,048
10 | Royal Dutch Shell | Netherlands

United Kingdom

| Oil and gas | 206,340

### 2000

This Financial Times–based list is up to date as 31 March 2000.[124]

Rank  | Name  | Country  | Primary industry  | Market value (USD million)

|
|
|
|

1 | Microsoft | United States | Software industry | 586,197
2 | General Electric | United States | Conglomerate | 474,956
3 | NTT Docomo | Japan | Telecommunications | 366,204
4 | Cisco Systems | United States | Networking hardware | 348,965
5 | Wal-Mart | United States | Retail | 286,153
6 | Intel | United States | Computer hardware | 277,096
7 | Nippon Telegraph & Telephone | Japan | Telecommunications | 274,905
8 | ExxonMobil | United States | Oil and gas | 265,894
9 | Lucent | United States | Telecommunications | 237,668
10 | Deutsche Telekom | Germany | Telecommunications | 209,628

## See also

* List of countries by stock market capitalization
* List of largest companies by revenue
* List of largest employers
* List of largest corporate profits and losses
* List of wealthiest religious organizations
* Corporate capitalism
* World Economic Forum
* Fortune Global 500

## Notes

1. ↑ On 8 July 2024, TSMC's American depository receipt (ADR) shares on the New York Stock Exchange briefly crossed the $1 trillion milestone due to the ratio of ADRs to ordinary shares listed in Taiwan.[27]
2. ↑ Meta was formerly Facebook Inc. and traded as Facebook, Inc. at the time it first reached a $1tn capitalization.
3. ↑ On 5 November 2007, A shares of PetroChina ended their first day of trading after an IPO on the Shanghai Stock Exchange yielded a market cap of approximately $1 trillion.[43] 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.[44] However, market capitalization based on H shares never reached $500 billion.[45]
4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 In case some companies with multiple classes of stock only one class is considered.

## References

1. ↑ Grocer, Stephen (5 February 2019). "Biggest Public Company? Microsoft. Wait, Apple Again. Amazon? No, Back to Microsoft." (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2019/02/05/business/dealbook/apple-amazon-microsoft-market-value.html.
2. ↑ 2.0 2.1 "FT 500 2015 Introduction and methodology". Financial Times. 19 June 2015. https://www.ft.com/content/1fda5794-169f-11e5-b07f-00144feabdc0.
3. ↑ 3.0 3.1 "Companies ranked by Market Cap - CompaniesMarketCap.com" (in en-us). https://www.investopedia.com/biggest-companies-in-the-world-by-market-cap-5212784/.
4. ↑ "Top companies in the world by market capitalization". Statista. https://www.statista.com/statistics/263264/top-companies-in-the-world-by-market-capitalization/.
5. ↑ Thomas, Ryland; Williamson, Samuel H. (2020). "What Was the U.S. GDP Then?". MeasuringWorth. http://www.measuringworth.com/datasets/usgdp/. Retrieved September 22, 2020 United States Gross Domestic Product deflator figures follow the Measuring Worth series.
6. ↑ "Nvidia hits $1 trillion market cap". 30 May 2023. https://finance.yahoo.com/news/nvidia-touches-1-trillion-market-cap-as-chipmaker-rides-ai-wave-133530381.html.
7. ↑ Saul, Derek (23 February 2024). "Nvidia Tops $2 Trillion Market Value For First Time Ever" (in en). Forbes. https://www.forbes.com/sites/dereksaul/2024/02/23/nvidia-tops-2-trillion-market-value-for-first-time-ever/.
8. ↑ Leswing, Kif (5 June 2024). "Nvidia passes Apple in market cap as second-most valuable public U.S. company". CNBC. https://www.cnbc.com/2024/06/05/nvidia-passes-apple-in-market-cap.html.
9. ↑ Subin, Samantha; Leswing, Kif (9 July 2025). "Nvidia briefly touched $4 trillion market cap for first time". CNBC. https://www.cnbc.com/2025/07/09/nvidia-4-trillion.html.
10. ↑ Sethi, Vaamanaa (2025-10-01). "Nvidia share price hits new record high, becomes first company to top $4.5 trillion market cap | Stock Market News" (in en). https://www.livemint.com/market/stock-market-news/nvidia-share-price-hits-new-record-high-becomes-first-company-to-top-4-5-trillion-market-cap-11759284729843.html.
11. ↑ Berkowitz, Ben. "Nvidia becomes the world's first $5 trillion company" (in en). https://www.axios.com/2025/10/29/nvidia-5-trillion/.
12. ↑ Davies, Rob (2 August 2018). "Apple becomes world's first trillion-dollar company". https://www.theguardian.com/technology/2018/aug/02/apple-becomes-worlds-first-trillion-dollar-company.
13. ↑ Popken, Ben (19 August 2020). "Apple just became the first U.S. Company worth $2 trillion". https://www.nbcnews.com/business/business-news/apple-now-worth-2-trillion-making-it-most-valuable-company-n1237287.
14. ↑ Smith, Zachary Snowdon. "Apple Becomes 1st Company Worth $3 Trillion". https://www.forbes.com/sites/zacharysmith/2022/01/03/apple-becomes-1st-company-worth-3-trillion-greater-than-the-gdp-of-the-uk/.
15. ↑ khan, Nauman (27 December 2024). "Record-Breaking: Apple Just $80B Away from $4 Trillion Market Cap". Yahoo Finance (GuruFocus). https://finance.yahoo.com/news/apple-hit-4-trillion-valuation-111504478.html.
16. ↑ Elias, Jennifer (16 January 2020). "Alphabet, Google's parent company, hits trillion-dollar market cap for first time". CNBC. https://www.cnbc.com/2020/01/16/alphabet-stock-hits-1-trillion-market-cap-for-first-time.html.
17. ↑ Howley, Daniel (8 November 2021). "Google hits $2 trillion market cap, joining ranks of Microsoft and Apple". https://finance.yahoo.com/news/google-hits-2-trillion-market-cap-152843213.html.
18. ↑ Vlastelica, Ryan (5 September 2025). "Alphabet Within Striking Range of $3 Trillion as Key Risk Clears". Bloomberg News. https://finance.yahoo.com/news/alphabet-within-striking-range-3-101002011.html.
19. ↑ Capelouto, J.D. (13 January 2026). "Alphabet Within Striking Range of $3 Trillion as Key Risk Clears". Semafor (website). https://finance.yahoo.com/news/alphabet-joins-4-trillion-club-223412186.html.
20. ↑ Levy, Ari (25 April 2019). "Microsoft hits $1 trillion market cap for the first time as stock jumps on earnings beat". CNBC. https://www.cnbc.com/2019/04/25/microsoft-hits-1-trillion-market-cap-for-the-first-time-on-earnings.html.
21. ↑ Vlastelica, Ryan; Bass, Dina (22 June 2021). "Microsoft Rises to Join Apple in Exclusive $2 Trillion Club". https://www.bloomberg.com/news/articles/2021-06-22/microsoft-rallies-to-join-apple-in-exclusive-2-trillion-club.
22. ↑ Oguh, Chibuike (24 January 2024). "Microsoft hits $3 trillion market value, second to Apple". https://www.reuters.com/technology/microsoft-hits-3-trillion-market-value-2024-01-24/.
23. ↑ Herrera, Sebastian. "Microsoft Just Became the World's Second $4 Trillion Company" (in en-US). The Wall Street Journal. https://www.wsj.com/tech/ai/microsoft-just-became-the-worlds-second-4-trillion-company-60592a04.
24. ↑ DePillis, Lydia (4 September 2018). "Amazon is now worth $1,000,000,000,000". https://money.cnn.com/2018/09/04/technology/amazon-1-trillion/index.html.
25. ↑ Liu, Evie (20 December 2023). "Three Magnificent Seven Stocks Hit Record Highs This Past Month. Will the Others Follow?". Barron's. https://www.barrons.com/articles/magnificent-seven-stocks-records-36195b6c.
26. ↑ Oberoi, Mohit (5 February 2025). "Alphabet and Amazon.com Approach Mega Milestones". Barchart. https://www.theglobeandmail.com/investing/markets/stocks/META/pressreleases/30781019/amazon-hits-record-highs-ahead-of-q4-earnings-is-amzn-stock-still-a-buy/.
27. ↑ Yu, Jeanny; Yang, Charlotte; Patnaik, Subrat (8 July 2024). "TSMC Hits $1 Trillion in Market Value on Relentless AI Rally". Bloomberg News. https://www.bloomberg.com/news/articles/2024-07-08/tsmc-shares-soar-to-record-as-hunger-marketing-seen-working.
28. ↑ Carson, Ed (18 October 2024). "Taiwan Semiconductor, AI Chips". https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-netflix-intuitive-surgical-buy-signals/.
29. ↑ Grothaus, Michael (22 July 2025). "TSMC just hit a $1 trillion market cap. These 5 companies could be next". Fast Company. https://www.fastcompany.com/91372308/tsmc-just-hit-a-1-trillion-market-cap-these-5-companies-could-be-next.
30. ↑ "TSMC (TSM) Market Cap Surges Past $2 Trillion Amid AI Growth". GuruFocus. 25 February 2026. https://www.gurufocus.com/news/8648915/tsmc-tsm-market-cap-surges-past-2-trillion-amid-ai-growth.
31. ↑ Moon, Louise; Dodds, Io (28 June 2021). "Facebook joins $1 trillion club after antitrust win". The Daily Telegraph. https://www.telegraph.co.uk/business/2021/06/28/facebooks-hits-1-trillion-valuation-antitrust-win/.
32. ↑ Deffenbaugh, Ryan (12 August 2025). "IBD Stock Of The Day: Meta Nears New Milestone After Post-Earnings Rally". Investor's Business Daily. https://www.investors.com/research/ibd-stock-of-the-day/meta-stock-zuckerberg-ai-two-trillion/.
33. ↑ "Saudi Aramco becomes most valuable listed company in history" (in en). 11 December 2019. http://www.theguardian.com/business/2019/dec/11/saudi-aramco-shares-soar-as-it-becomes-world-largest-listed-company.
34. ↑ Riley, Charles (12 December 2019). "The world has its first $2 trillion company. But for how long?" (in en). https://www.cnn.com/2019/12/12/investing/saudi-aramco-2-trillion/index.html.
35. ↑ Wael, Salma (10 May 2022). "Saudi Aramco briefly becomes world's top-valued company as shares surge". Arab News. https://www.arabnews.com/node/2078926/ajax/aggregate.
36. ↑ "Tesla breaches $1 trillion market cap". 25 October 2021. https://www.reuters.com/business/autos-transportation/tesla-breaches-1-trillion-market-cap-2021-10-25/.
37. ↑ Saul, Derek (17 December 2024). "Tesla Stock Earns Another Analyst Upgrade As Elon Musk Celebrates 'Inevitable' New All-Time High". Forbes. https://www.forbes.com/sites/dereksaul/2024/12/17/tesla-stock-earns-another-analyst-upgrade-as-elon-musk-celebrates-inevitable-new-all-time-high/.
38. ↑ Bajwa, Arsheeya (13 December 2024). "Broadcom hits trillion-dollar valuation on lofty forecasts for AI demand". Reuters. https://www.reuters.com/technology/broadcom-rallies-forecast-booming-ai-chip-demand-2024-12-13/.
39. ↑ Kim, Tae; Clark, Adam (5 September 2025). "Broadcom Stock Soars to New High on CEO's Surprising AI Chip Outlook". Barron's. https://www.barrons.com/articles/broadcom-avgo-earnings-stock-price-4a71f844.
40. ↑ Li, Yun (28 August 2024). "Buffett's Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so". CNBC. https://www.cnbc.com/2024/08/28/buffetts-berkshire-hathaway-hits-1-trillion-market-value-first-us-company-outside-of-tech-to-do-so.html.
41. ↑ Bary, Andrew (17 March 2025). "Berkshire Hathaway Stock Hits New High. It's Way Ahead of the S&P 500 This Year.". Barron's. https://www.barrons.com/articles/berkshire-hathaway-stock-price-buffett-d454236a.
42. ↑ Pramuk, Jacob (2026-02-03). "Walmart hits $1 trillion market cap, fueled by growth of e-commerce, new businesses" (in en). https://www.cnbc.com/2026/02/03/walmart-wmt-hits-1-trillion-market-cap.html.
43. ↑ Wearden, Graeme (6 November 2007). "PetroChina makes its debut as world's first trillion-dollar firm". the Guardian. https://www.theguardian.com/business/2007/nov/06/china.
44. ↑ "PetroChina opens at 48.6 yuan per share in Shanghai debut, up 191%". http://news.xinhuanet.com/english/2007-11/05/content_7013704.htm.
45. ↑ "Apple market value hits $601B". Yahoo Finance. 10 April 2012. https://finance.yahoo.com/news/apple-market-value-hits-600b-151007997.html.
46. ↑ 46.00 46.01 46.02 46.03 46.04 46.05 46.06 46.07 46.08 46.09 46.10 46.11 46.12 46.13 46.14 46.15 46.16 46.17 46.18 46.19 46.20 46.21 46.22 46.23 46.24 46.25 46.26 46.27 46.28 46.29 46.30 46.31 "Apple Market Cap". https://ycharts.com/companies/AAPL/market_cap.
47. ↑ 47.00 47.01 47.02 47.03 47.04 47.05 47.06 47.07 47.08 47.09 47.10 47.11 47.12 47.13 47.14 "Nvidia Market Cap | NVDA". https://ycharts.com/companies/NVDA/market_cap.
48. ↑ 48.00 48.01 48.02 48.03 48.04 48.05 48.06 48.07 48.08 48.09 48.10 48.11 48.12 48.13 48.14 48.15 48.16 48.17 48.18 48.19 48.20 48.21 48.22 48.23 48.24 48.25 48.26 48.27 48.28 48.29 48.30 48.31 48.32 "Microsoft Market Cap". https://ycharts.com/companies/MSFT/market_cap.
49. ↑ 49.00 49.01 49.02 49.03 49.04 49.05 49.06 49.07 49.08 49.09 49.10 49.11 49.12 49.13 49.14 49.15 49.16 49.17 49.18 49.19 49.20 49.21 49.22 49.23 49.24 49.25 49.26 49.27 49.28 49.29 49.30 49.31 49.32 49.33 49.34 49.35 49.36 49.37 49.38 49.39 "Alphabet Market Cap (GOOG)". https://ycharts.com/companies/GOOG/market_cap.
50. ↑ 50.00 50.01 50.02 50.03 50.04 50.05 50.06 50.07 50.08 50.09 50.10 50.11 50.12 50.13 50.14 50.15 50.16 50.17 50.18 50.19 50.20 50.21 50.22 50.23 50.24 50.25 50.26 50.27 50.28 50.29 50.30 50.31 50.32 "Amazon.com Cap". https://ycharts.com/companies/AMZN/market_cap.
51. ↑ 51.00 51.01 51.02 51.03 51.04 51.05 51.06 51.07 51.08 51.09 "Facebook Market Cap". https://ycharts.com/companies/META/market_cap.
52. ↑ 52.00 52.01 52.02 52.03 52.04 52.05 52.06 52.07 52.08 52.09 52.10 52.11 52.12 52.13 52.14 52.15 52.16 52.17 52.18 52.19 52.20 52.21 52.22 52.23 52.24 52.25 52.26 52.27 52.28 52.29 52.30 52.31 52.32 52.33 52.34 52.35 52.36 52.37 52.38 52.39 52.40 52.41 "Berkshire Hathaway". https://ycharts.com/companies/BRK.A/market_cap.
53. ↑ 53.0 53.1 53.2 53.3 53.4 53.5 53.6 53.7 "Broadcom Market Cap". https://ycharts.com/companies/AVGO/market_cap.
54. ↑ 54.00 54.01 54.02 54.03 54.04 54.05 54.06 54.07 54.08 54.09 54.10 54.11 54.12 54.13 54.14 54.15 54.16 54.17 "Tesla Market Cap | TSLA". https://ycharts.com/companies/TSLA/market_cap.
55. ↑ 55.00 55.01 55.02 55.03 55.04 55.05 55.06 55.07 55.08 55.09 55.10 55.11 55.12 55.13 55.14 55.15 55.16 "Taiwan Semiconductor Manufacturing Market Cap | TSM". https://ycharts.com/companies/TSM/market_cap.
56. ↑ 56.0 56.1 56.2 56.3 56.4 "Eli Lilly Market Cap". https://ycharts.com/companies/LLY/market_cap.
57. ↑ 57.00 57.01 57.02 57.03 57.04 57.05 57.06 57.07 57.08 57.09 57.10 57.11 57.12 57.13 57.14 57.15 57.16 57.17 57.18 57.19 57.20 "Facebook Market Cap". https://ycharts.com/companies/FB/market_cap.
58. ↑ 58.0 58.1 58.2 58.3 58.4 "Visa Market Cap". https://ycharts.com/companies/V/market_cap.
59. ↑ 59.0 59.1 59.2 59.3 "UnitedHealth Group Market Cap". https://ycharts.com/companies/UNH/market_cap.
60. ↑ 60.00 60.01 60.02 60.03 60.04 60.05 60.06 60.07 60.08 60.09 60.10 "Johnson & Johnson Market Cap". https://ycharts.com/companies/JNJ/market_cap.
61. ↑ "Exxon Mobil Market Cap". https://ycharts.com/companies/XOM/market_cap.
62. ↑ 62.00 62.01 62.02 62.03 62.04 62.05 62.06 62.07 62.08 62.09 62.10 62.11 62.12 62.13 62.14 62.15 62.16 62.17 "Tencent Holdings Market Cap". https://ycharts.com/companies/TCTZF/market_cap.
63. ↑ "Meta Platforms Market Cap". https://ycharts.com/companies/META/market_cap.
64. ↑ 64.00 64.01 64.02 64.03 64.04 64.05 64.06 64.07 64.08 64.09 64.10 64.11 64.12 64.13 64.14 64.15 "Alibaba Group Holding Market Cap (BABA)". https://ycharts.com/companies/BABA/market_cap.
65. ↑ 65.0 65.1 65.2 65.3 65.4 65.5 65.6 "Visa Mobil Market Cap". https://ycharts.com/companies/V/market_cap.
66. ↑ 66.0 66.1 66.2 66.3 66.4 66.5 66.6 "JPMorgan Chase Market Cap". https://ycharts.com/companies/JPM/market_cap.
67. ↑ 67.0 67.1 "Alphabet Inc. Market Cap Class A". https://ycharts.com/companies/GOOGL/market_cap.
68. ↑ "Exxon Mobil Market Cap". https://ycharts.com/companies/XOM/market_cap.
69. ↑ "Financial Times FT500 2017-04-01". https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_170401.
70. ↑ "Financial Times FT500 2017-06-30". https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_170630.
71. ↑ "Financial Times FT500 2017-09-29". https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_170929.
72. ↑ 72.0 72.1 "Tencent and Alibaba top Asia's market cap ranking in 2017". https://asia.nikkei.com/magazine/20180111/Business/Tencent-and-Alibaba-top-Asia-s-market-cap-ranking-in-2017.
73. ↑ "Financial Times FT500 2016-03-31". http://markets.ft.com/Research/Markets/DataArchiveFetchReport?Category=&Type=GMKT&Date=03/31/2016.
74. ↑ "Financial Times FT500 2016-06-16". https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_300616.
75. ↑ "Financial Times FT500 2016-09-30". https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_160930.
76. ↑ "Financial Times FT500 2016-12-31". https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_161231.
77. ↑ "Financial Times". http://im.ft-static.com/content/images/b38c350e-169d-11e5-b07f-00144feabdc0.xls.
78. ↑ "Financial Times". http://im.ft-static.com/content/images/3738dd34-35da-11e5-b05b-b01debd57852.xls.
79. ↑ "FT500". http://markets.ft.com/Research/Markets/DataArchiveFetchReport?Category=&Type=GMKT&Date=09/30/2015.
80. ↑ "FT500". http://markets.ft.com/Research/Markets/DataArchiveFetchReport?Category=&Type=GMKT&Date=12/31/2015.
81. ↑ "Top 20 S&P 500 Companies by Market Cap (1989–2025)". Finhacker.cz. https://www.finhacker.cz/top-20-sp-500-companies-by-market-cap/#2015.
82. ↑ 376,801.4 if unlisted classes of shares included, see http://im.ft-static.com/content/images/b2a77270-169d-11e5-b07f-00144feabdc0.xls
83. ↑ "Financial Times". http://im.ft-static.com/content/images/7097ad1a-fded-11e3-bd0e-00144feab7de.xls.
84. ↑ "Financial Times". http://im.ft-static.com/content/images/632d8aa6-05da-11e4-9baa-00144feab7de.xls.
85. ↑ "Financial Times". http://im.ft-static.com/content/images/e563a0fa-4e14-11e4-adfe-00144feab7de.xls.
86. ↑ "Financial Times". http://im.ft-static.com/content/images/07b13826-9739-11e4-9636-00144feabdc0.xls.
87. ↑ "Financial Times". http://www.ft.com/intl/cms/67c810a4-ae5b-11e2-bdfd-00144feabdc0.pdf.
88. ↑ "Financial Times". http://media.ft.com/cms/9d06140c-3036-11e3-9eec-00144feab7de.pdf.
89. ↑ "Financial Times". http://media.ft.com/cms/5e951442-3037-11e3-9eec-00144feab7de.pdf.
90. ↑ "Financial Times". http://im.ft-static.com/content/images/cc52757a-7492-11e3-9125-00144feabdc0.pdf.
91. ↑ "Financial Times". http://www.ft.com/intl/cms/a81f853e-ca80-11e1-89f8-00144feabdc0.pdf.
92. ↑ "Financial Times". http://www.ft.com/intl/cms/de0a839a-d1cb-11e1-bb82-00144feabdc0.pdf.
93. ↑ "Financial Times". http://www.ft.com/intl/cms/c2a82f60-138b-11e2-9cc7-00144feabdc0.pdf.
94. ↑ "Financial Times Global 500 December 2012". http://www.ft.com/intl/cms/2a53e388-569a-11e2-aa70-00144feab49a.pdf.
95. ↑ "Financial Times". http://media.ft.com/cms/33558890-98d4-11e0-bd66-00144feab49a.pdf.
96. ↑ "Financial Times". http://www.ft.com/intl/cms/fbe463aa-a660-11e0-ae9c-00144feabdc0.pdf.
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