The 2026 Fortune Most Powerful Women list was released this morning. The women on the global list are leaders at 94 companies with a combined 11.8 million employees and $7.3 trillion in annual revenue.
Earning the top spot is Citigroup chair and CEO Jane Fraser—the first new No. 1 since 2024. Fraser became the first woman to lead a major U.S. bank in 2021, and Citi’s stock is up more than 90% since her appointment, including nearly 80% in the past 12 months. She ranked No. 3 on the 2025 list. You can read more in a Fortune feature on Fraser.
