Amazon has secured the top position on the Fortune 500 list, ending Walmart's 13-year reign as the highest-earning U.S. company. This change was announced on June 3, 2026, with Amazon reporting over $700 billion in revenue for the previous year, reflecting a 12% increase from the prior year. This marks the first time since 2012 that Walmart has not held the top spot.
Alphabet, the parent company of Google, was noted as the most profitable company on the list, with earnings of $132 billion. The Fortune 500 companies collectively account for two-thirds of the U.S. GDP, reporting $21 trillion in revenues and employing 30.5 million people worldwide. The threshold for inclusion on the list this year was $7.5 billion in revenue, a 5% increase from last year.
Additionally, the list featured a record 56 women leading Fortune 500 companies, representing 11.2% of the total revenue, the highest in the list's history. The announcement coincided with news of upcoming IPOs from SpaceX and Anthropic, with Anthropic's valuation expected to reach $965 billion.
