Amazon Tops Fortune 500 for First Time as Alphabet Leads Global Profits

Fortune Global 500 revenue hits $43.1T with 3.2% YoY growth. Amazon ends Walmart's 12-year reign; Alphabet posts $132B net profit, surpassing Saudi Aramco.

Woofun AI reports that the 2026 Fortune Global 500 list was released on July 28, showing total listed company revenue of approximately $43.1 trillion, a year-on-year increase of 3.2%. Amazon secured the top position for the first time, ending Walmart's twelve-year streak, while State Grid placed third. Alphabet claimed the title of the world's most profitable company with a net profit of $132.17 billion, displacing Saudi Aramco. NVIDIA ranked second in profits, and TSMC was the sole Chinese entity in the top ten for profitability.

The list includes 141 U.S. companies, 122 from China (including Taiwan), and 40 from Japan. Chinese firms generated roughly $10.4 trillion in total revenue, with an average profit of $4.5 billion, which is about 40% of the U.S. average of $11.24 billion. JD.com led mainland Chinese private companies at rank 41, while Alibaba, Tencent, Pinduoduo, and Meituan all improved their standings. In the high-tech sector, NVIDIA rose 38 places to rank 28th, and TSMC climbed 44 places to 82nd. Wistron recorded the largest ranking surge, jumping 298 places to 198th.