The World’s Largest Companies in 2022

View a high-resolution version of the infographic by clicking here.

This year has been shaped by uncomfortable macroeconomic headwinds.

Trillions of dollars were wiped off the market capitalization of public companies, investor confidence plummeted, and cost pressures squeezed consumer pocketbooks.

Taken together, many of the world’s largest companies experienced sharp declines in market share. Nevertheless, some companies in key sectors have posted positive year-on-year growth.

As 2022 approaches, the infographic above shows the world’s largest companies using data from Companiesmarketcap.com.

World’s Largest Public Companies in 2022

Today, Apple stands as the world’s most valuable company, towering over one $2.3 trillion assessment.

Despite the tech recession of 2022 โ€“ driven by rising interest rates and sluggish sales โ€“ Apple retained its top spot. This was largely thanks to record revenue and healthy consumer demand for iPhones, which drive half of its total revenue.

Apple is followed by Microsoft. Unlike Apple, Microsoft faced lower earnings for the year due to lower demand for personal computers and the weighting effect of a stronger US dollar. Overall, about 50% of the company’s sales are overseas.

As we show below, there are now only four companies left in the trillion dollar market cap club.

2022 category Company Market capitalization area location
1 apple $2.3T Technology ๐Ÿ‡บ๐Ÿ‡ธ America
2 Microsoft $1.9T Technology ๐Ÿ‡บ๐Ÿ‡ธ America
3 Saudi Arabia $1.8T Energy ๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia
4 Alphabet $1.2T Technology ๐Ÿ‡บ๐Ÿ‡ธ America
5 Amazon $924B Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America
6 Berkshire Hathaway $686B financial ๐Ÿ‡บ๐Ÿ‡ธ America
7 Tesla $522 billion Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America
8 United Health Group $510B Health care ๐Ÿ‡บ๐Ÿ‡ธ America
9 Johnson & Johnson $465 billion Health care ๐Ÿ‡บ๐Ÿ‡ธ America
10 Visa $454 billion Industrial ๐Ÿ‡บ๐Ÿ‡ธ America
11 NVIDIA $437 billion Technology ๐Ÿ‡บ๐Ÿ‡ธ America
12 Exxon Mobil $437 billion Energy ๐Ÿ‡บ๐Ÿ‡ธ America
13 TSMC $417 billion Technology ๐Ÿ‡น๐Ÿ‡ผ Taiwan
14 Walmart $399B Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America
15 Tencent $397 billion Technology ๐Ÿ‡จ๐Ÿ‡ณ China
16 JP Morgan Chase $394 billion financial ๐Ÿ‡บ๐Ÿ‡ธ America
17 LVMH $377B Consumer discretion ๐Ÿ‡ซ๐Ÿ‡ท France
18 Proctor and gambling $361 billion Consumer staples ๐Ÿ‡บ๐Ÿ‡ธ America
19 Eli Lilly $349B Health care ๐Ÿ‡บ๐Ÿ‡ธ America
20 MasterCard $344 billion Industrial ๐Ÿ‡บ๐Ÿ‡ธ America
21 Home Depot $334 billion Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America
22 Chevron $328 billion Energy ๐Ÿ‡บ๐Ÿ‡ธ America
23 Nestlรฉ $322 billion Consumer staples ๐Ÿ‡จ๐Ÿ‡ญ Switzerland
24 Kweichow Moutai $313 billion Consumer staples ๐Ÿ‡จ๐Ÿ‡ณ China
25 Samsung $306B Technology ๐Ÿ‡ฐ๐Ÿ‡ท South Korea
26 Meta (Facebook) $304 billion Technology ๐Ÿ‡บ๐Ÿ‡ธ America
27 Pfizer $293 billion Health care ๐Ÿ‡บ๐Ÿ‡ธ America
28 AbbVie $292 billion Health care ๐Ÿ‡บ๐Ÿ‡ธ America
29 Novo Nordisk $292 billion Health care ๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark
30 coca cola $277B Consumer staples ๐Ÿ‡บ๐Ÿ‡ธ America
31 Merck $276B Health care ๐Ÿ‡บ๐Ÿ‡ธ America
32 Roche $267B Health care ๐Ÿ‡จ๐Ÿ‡ญ Switzerland
33 Bank of America $263B financial ๐Ÿ‡บ๐Ÿ‡ธ America
34 PepsiCo $253B Consumer staples ๐Ÿ‡บ๐Ÿ‡ธ America
35 ASML $247B Technology ๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands
36 Ali Baba $245B Consumer discretion ๐Ÿ‡จ๐Ÿ‡ณ China
37 Broadcom $225 billion Technology ๐Ÿ‡บ๐Ÿ‡ธ America
38 Thermo Fisher Scientific $223 billion Health care ๐Ÿ‡บ๐Ÿ‡ธ America
39 the oracle $219B Technology ๐Ÿ‡บ๐Ÿ‡ธ America
40 Costco $216B Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America
41 AstraZeneca $215B Health care ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
42 Reliance Industries $214B Energy ๐Ÿ‡ฎ๐Ÿ‡ณ India
43 ICBC $208B financial ๐Ÿ‡จ๐Ÿ‡ณ China
44 McDonald’s $203B Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America
45 Cisco $203B Telecommunication ๐Ÿ‡บ๐Ÿ‡ธ America
46 open up $201 billion Energy ๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands
47 Danahar $199B Health care ๐Ÿ‡บ๐Ÿ‡ธ America
48 L’Oreal $197B Consumer discretion ๐Ÿ‡ซ๐Ÿ‡ท France
49 Toyota $197B Consumer discretion ๐Ÿ‡ฏ๐Ÿ‡ต Japan
50 Novartis $196B Health care ๐Ÿ‡จ๐Ÿ‡ญ Switzerland
51 Abbott Laboratories $109B Health care ๐Ÿ‡บ๐Ÿ‡ธ America
52 Accenture $184 billion Industrial ๐Ÿ‡ฎ๐Ÿ‡ช Ireland
53 T-Mobile $177 billion Telecommunication ๐Ÿ‡บ๐Ÿ‡ธ America
54 Nike $175 billion Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America
55 Walt Disney $173 billion Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America
56 Nextera Energy $172 billion utilities ๐Ÿ‡บ๐Ÿ‡ธ America
57 Hermes $169B Consumer discretion ๐Ÿ‡ซ๐Ÿ‡ท France
58 Bristol-Myers Squibb $168B Health care ๐Ÿ‡บ๐Ÿ‡ธ America
59 Linde $166B Basic ingredients ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
60 Wells Fargo $163 billion financial ๐Ÿ‡บ๐Ÿ‡ธ America
61 Texas Instruments $161 billion Technology ๐Ÿ‡บ๐Ÿ‡ธ America
62 BHP Group $160B Basic ingredients ๐Ÿ‡ฆ๐Ÿ‡บ Australia
63 Verizon $159 billion Telecommunication ๐Ÿ‡บ๐Ÿ‡ธ America
64 Philip Morris $159 billion Consumer staples ๐Ÿ‡บ๐Ÿ‡ธ America
65 Comcast $158 billion Telecommunication ๐Ÿ‡บ๐Ÿ‡ธ America
66 UPS $158 billion Industrial ๐Ÿ‡บ๐Ÿ‡ธ America
67 Adobe $157 billion Technology ๐Ÿ‡บ๐Ÿ‡ธ America
68 Morgan Stanley $154 billion financial ๐Ÿ‡บ๐Ÿ‡ธ America
69 China Construction Bank $152 billion financial ๐Ÿ‡จ๐Ÿ‡ณ China
70 total energy $152 billion Energy ๐Ÿ‡ซ๐Ÿ‡ท France
71 Charles Schwab $150B financial ๐Ÿ‡บ๐Ÿ‡ธ America
72 Amgen $148 billion Health care ๐Ÿ‡บ๐Ÿ‡ธ America
73 Raytheon Technology $146 billion Industrial ๐Ÿ‡บ๐Ÿ‡ธ America
74 Tata Consultancy $146 billion Technology ๐Ÿ‡ฎ๐Ÿ‡ณ India
75 CATL $145 billion Consumer discretion ๐Ÿ‡จ๐Ÿ‡ณ China
76 China Mobile $145 billion Telecommunication ๐Ÿ‡จ๐Ÿ‡ณ China
77 Honeywell $144 billion Industrial ๐Ÿ‡บ๐Ÿ‡ธ America
78 Agricultural Bank of China $141 billion financial ๐Ÿ‡จ๐Ÿ‡ณ China
79 Netflix $140B Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America
80 Meituan $140B Technology ๐Ÿ‡จ๐Ÿ‡ณ China
81 Conoco Philips $139 billion Energy ๐Ÿ‡บ๐Ÿ‡ธ America
82 AT&T $138 billion financial ๐Ÿ‡บ๐Ÿ‡ธ America
83 CVS Health $136 billion Health care ๐Ÿ‡บ๐Ÿ‡ธ America
84 Dyer $136 billion Consumer discretion ๐Ÿ‡ซ๐Ÿ‡ท France
85 Qualcomm $136 billion Technology ๐Ÿ‡บ๐Ÿ‡ธ America
86 Process $135 billion Technology ๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands
87 RBC $135 billion financial ๐Ÿ‡จ๐Ÿ‡ฆ Canada
88 IBM $134 billion Technology ๐Ÿ‡บ๐Ÿ‡ธ America
89 Salesforce $133 billion Technology ๐Ÿ‡บ๐Ÿ‡ธ America
90 Union Pacific $133 billion Industrial ๐Ÿ‡บ๐Ÿ‡ธ America
91 Deere & Company $132 billion Industrial ๐Ÿ‡บ๐Ÿ‡ธ America
92 Unilever $130B Consumer staples ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
93 CM Bank $130B financial ๐Ÿ‡จ๐Ÿ‡ณ China
94 HDFC Bank $129B financial ๐Ÿ‡ฎ๐Ÿ‡ณ India
95 Advance health $128B Health care ๐Ÿ‡บ๐Ÿ‡ธ America
96 AIA $128B financial Hong Kong
97 Lockheed Martin $127 billion Industrial ๐Ÿ‡บ๐Ÿ‡ธ America
98 Petro China $127 billion Energy ๐Ÿ‡จ๐Ÿ‡ณ China
99 SAP $127 billion Technology ๐Ÿ‡ฉ๐Ÿ‡ช Germany
100 Lowe’s $124 billion Consumer discretion ๐Ÿ‡บ๐Ÿ‡ธ America

*As of December 12, 2022.

Oil company Saudi Aram is the world’s third largest publicly traded company $1.8 trillion. It is also the only non-US company in the top 10.

In May, the state-run company briefly became the most valuable company on the planet as energy prices continued to rise. Saudi Arabia is the world’s largest exporter of oil, and the country’s economy is projected to grow 7.6% in 2022 โ€” one of the fastest globally.

Overall, 62 of the 100 largest companies are headquartered in the US, 11 are based in China, and five are located in France.

Top 10 performances in 2022

For many of the world’s largest companies, 2022 was a brutal year for performance.

Chat showing the 10 largest companies in the world 2022 performance

As the above graphic shows, most of the titans of the world saw their market value fall. Half of these companies saw double-digit declines.

Tesla is almost a witness 70% Its market cap has been wiped out this year. There are two main factors behind this decline: falling demand, especially in China, and CEO Elon Musk’s volatile and risky acquisition of Twitter.

On the other hand, UnitedHealth Group saw the strongest performance among the top 10.

The company, which derives the bulk of its revenue from employer-sponsored insurance plans, said the effects of the recession have yet to materialize in 2022.

The largest companies in the world, by region

Even as market values โ€‹โ€‹plunge across the sector in 2022, tech remains dominant.

Of the world’s largest companies, 20 are in the technology sector, with a combined market value spread. $9.2 trillion. For perspective, that’s about 31% of the market value of the 100 largest companies.

category area Combined market value Number of companies The largest company in the field
1 ๐Ÿ‘ฉโ€๐Ÿ’ป technology $9.2T 20 apple
2 ๐Ÿš— Consumer discretion $4.7T 17 Amazon
3 ๐Ÿฉบ Health care $4.3T 17 United Health Group
4 ๐Ÿ›ข๏ธ Energy $3.4T 8 Saudi Arabia
5 ๐Ÿ’ต Financial $3.0T 14 Berkshire Hathaway
6 ๐Ÿญ Industrial $1.8T 9 Visa
7 ๐Ÿฅซ Consumer Staples $1.8T 7 Proctor and gambling
8 ๐Ÿ“ž Telecommunications $841 billion 5 Cisco
9 โ›๏ธ Basic Materials $326B 2 Linde
10 ๐Ÿ”Œ Utilities $127 billion 1 Nextera Energy

Companies are classified according to the FTSE Russell Industry Classification benchmark. *As of December 12, 2022.

The consumer discretionary and healthcare sectors fall into line, with big players like Amazon and Johnson & Johnson falling into their ranks.

At the other end of the spectrum are utilities, the smallest sector belonging to at least the largest list of companies. NextEra Energy, the only utility company ranked, is one of the world’s largest developers of wind and solar energy. Over the next three years, it plans to invest up to $95 billion to green its power operations.

Change of fate

It is no surprise that many of the world’s largest companies are long-established players in global markets.

Yet within the rankings, some notable risers compared to 2021 are UnitedHealth Group, which launched from #19 in 2021 to #8 this year, and NVIDIA, which rose from #24 last year to become the 11th largest company globally.

Conversely, some of the biggest losers are Meta (Facebook’s parent company) and Alibaba. Meta dropped from #6 in 2021 to #26 in 2022. Meanwhile, Alibaba was once the ninth largest globally but has fallen to #36. Both companies have seen significant value eroded from their market caps โ€” 66% and 28%, respectively โ€” amid lagging earnings.

As the year draws to a close, it remains to be seen whether the world’s biggest companies will make a comeback in 2023 or face more challenging conditions ahead.

The largest companies in the world 2022

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