List of public corporations by market capitalization
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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.
Market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...
is calculated from the share
price A price is the (usually not negative) quantity of payment or compensation given by one party to another in return for goods or services. In some situations, the price of production has a different name. If the product is a "good" in the c ...
(as recorded on selected day) multiplied by the number of
outstanding shares Shares outstanding are all the shares of a corporation that have been authorized, issued and purchased by investors and are held by them. They are distinguished from treasury shares, which are shares held by the corporation itself, thus represent ...
. Figures are converted into
USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
millions (using rate from selected day) to allow for comparison. Only companies with
free float In the context of stock markets, the public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest inv ...
of at least 15% are included, value of unlisted stock classes is excluded.
Investment companies An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under the ...
are not included in the list.


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.


Publicly traded companies

All market capitalization figures are in
USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
millions.


2022

This list is up to date as of June 30, 2022. Indicated changes in market value are relative to the previous quarter.


2021

This list is up to date . Indicated changes in market value are relative to the previous quarter.


2020

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to data . Indicated changes in market value are relative to the previous quarter.


2019

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date . Indicated changes in market value are relative to the previous quarter.


2018

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date . Indicated changes in market value are relative to the previous quarter.


2017

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date . Indicated changes in market value are relative to the previous quarter.


2016

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date . Indicated changes in market value are relative to the previous quarter.


2015

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date . Indicated changes in market value are relative to the previous quarter.


2014

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date . Indicated changes in market value are relative to the previous quarter.


2013

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as of December 31, 2013. Indicated changes in market value are relative to the previous quarter.


2012

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as of December 31, 2012. Indicated changes in market value are relative to the previous quarter.


2011

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as of December 31, 2011. Indicated changes in market value are relative to the previous quarter.


2010

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as of December 31, 2010. Indicated changes in market value are relative to the previous quarter.


2009

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as of December 31, 2009. Indicated changes in market value are relative to the previous quarter.


2008

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as of December 31, 2008. Indicated changes in market value are relative to the previous quarter.


2007

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as of December 31, 2007. Indicated changes in market value are relative to the previous quarter.


2006

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as of December 2006. Indicated changes in market value are relative to the previous quarter.


2005

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–This list is up to date as of 31 March 2005.


2004

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as 31 March 2004.


2003

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as 31 March 2003.


2002

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as 31 March 2002.


2001

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as 31 March 2001.


2000

This ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
''–based list is up to date as 31 March 2000.


1999

The 10 largest companies in the world by market capitalization in 1999 -
Statista
'


1998

This ''Financial Times''–based list is up to date as of 30 September 1998.


1997

This ''Financial Times''–based list is up to date as of 30 September 1997.


1996

This ''Financial Times''–based list is up to date as of 30 September 1996.''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'', January 1997


See also

*
List of countries by stock market capitalization The following list sorts countries by the total market capitalization of all domestic companies listed in the country, according to data from the World Bank. Market capitalization, commonly called market cap, is the market value of a publicly trad ...
*
List of largest companies by revenue This list comprises the world's largest companies by consolidated revenue, according to the ''Fortune'' Global 500 2022 rankings. American retail corporation Walmart has been the world's largest company by revenue since 2014. The list is limite ...
*
List of largest employers The largest employers in the world include companies, militaries, and governments. Largest employers Companies and institutions are included in this list. Largest private and semiprivate employers The rankings below are the six private-sect ...
*
List of largest corporate profits and losses This page lists the largest annual and quarterly earnings and losses in corporate history. In general terms the oil and gas industry is the one generating both largest annual and quarterly earnings. In contrast, both the annual and quarterly losse ...
* List of wealthiest organizations *
Corporate capitalism In social science and economics, corporate capitalism is a capitalist marketplace characterized by the dominance of hierarchical and bureaucratic corporations. Overview A large proportion of the economy of the United States and its labour mark ...
*
World Economic Forum The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...
*
Fortune Global 500 The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine. Methodology Until 1989, it listed onl ...


Notes


References

{{Extreme wealth Corporations by market capitalization
Market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...
Companies, Market Capitalization Financial markets Economy-related lists of superlatives