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Fortune

Diane Brady

Welcome to the Fortune 500's 71st annual edition

Fortune 500 Fortune IBM Alphabet Diane Brady United States China Apple CEO Daily Nvidia

(Credit: David Paul Morris—Bloomberg via Getty Images)

In today’s CEO Daily: Diane Brady on the Fortune 500’s new edition.
The big story: China accuses U.S. of ‘violating’ trade truce.
The markets: Worried about China-U.S. trade tensions.
Analyst notes from UBS, Deutsche Bank, and Goldman Sachs.
Plus: All the news and watercooler chat from Fortune.

Good morning. We just published the 71st annual edition of the Fortune 500, our definitive list of America’s largest companies. The minimum cutoff to make the list this year is $7.4 billion in revenue, up 4% from 2024. Walmart earned the top spot for the 13^th straight year, with more than $648 billion in revenues. But Alphabet was America’s most profitable company, with more than $100 billion in profits, and Apple was No. 1 by market cap. In total, Fortune 500 companies represent two-thirds of U.S. GDP with $19.9 trillion in revenues, $1.9 trillion in profits, $46 trillion in market cap, and some 31 million employees worldwide.

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