15 Largest Companies By Market Cap (July 2024)

Market capitalization doesn’t always tell investors the whole story, so here’s some additional information about the world’s biggest companies, as of December 2024.

Apple Inc (AAPL)

• Market Cap: $3.67 trillion
• Revenue (TTM): $391 billion
• Gross Profit (TTM): $180.7 billion
• Five-Year Annualized Return: 30.55%
• Year Founded: 1976
• Exchange: NASDAQ

The California-headquartered tech giant manufactures and markets the renowned iPhone, iPad and Macintosh computers, among other paragon consumer electronics products. It is the first and a longer-lasting company to have hit the $1 trillion market cap mark, and subsequently the $2 trillion and $3 trillion marks.

In June 2023, Apple announced its mixed-reality headset called the ‘Apple Vision Pro’, which opened for purchase in January 2024, in the US.

NVIDIA Corporation (NVDA)

• Market Cap: $3.43 trillion
• Revenue (TTM): $60.9 billion
• Gross Profit (TTM): $44.3 billion
• Five-Year Annualized Return: 93.13%
• Year Founded: 1993
• Exchange: NASDAQ

NVIDIA provides graphics, compute and networking solutions. It designs and supplies GPUs used in supercomputers and workstations finding applications across multiple fields, along with developing APIs and system-on-a-chip units (SoCs) for the auto industry, while also supplying AI hardware and software.

In March 2024, NVIDIA’s m-cap jumped past $2 trillion. It only took 180 days for the company’s m-cap to rocket from $1 trillion to $2 trillion, as opposed to over 500 days taken for Apple and Microsoft, each.

Microsoft Corporation (MSFT)

• Market Cap: $3.21 trillion
• Revenue (TTM): $245.1 billion
• Gross Profit (TTM): $171 billion
• Five-Year Annualized Return: 24.72%
• Year Founded: 1975
• Exchange: NASDAQ

Microsoft Corporation is involved largely in the development and support of software, services, devices and solutions worldwide.

The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Microsoft 365 Copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

The company has won the Best Global Culture 2024 award in 2024, while ranking fifth in the JUST 100 rankings in the year.

Amazon.com Inc (AMZN)

• Market Cap: $2.24 trillion
• Revenue (TTM): $574.8 billion
• Gross Profit (TTM): $270 billion
• Five-Year Annualized Return: 19.14%
• Year Founded: 1994
• Exchange: NASDAQ

Amazon engages in providing e-commerce, cloud computing, and advertising services, among others. It also sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, along with producing media content.

It became the world’s 12th most-visited website in October 2023, with over 80% traffic coming from the US. You can practically buy anything on the online retailer’s platform. Over 200 million users have Amazon Prime service globally.

Alphabet Inc (GOOGL)

• Market Cap: $2.11 trillion
• Revenue (TTM): $307.4 billion
• Gross Profit (TTM): $175 billion
• Five-Year Annualized Return: 21.2%
• Year Founded: 1998 (Google), 2015 (Alphabet)
• Exchange: NASDAQ

Alphabet Inc is a holding company created in October 2015 to restructure Google by moving subsidiaries from Google to Alphabet, thereby narrowing the search engine’s scope.

Google has been referred to as the ‘most powerful company in the world’, thanks to its dominant position in the market data collection, and technological advantages in AI. That’s just one of Alphabet’s many widely used products, which also includes the email service ‘Gmail’, and the video site ‘YouTube’.

Saudi Arabian Oil Company (2222)

• Market Cap: SAR 6.7 trillion
• Revenue (TTM): $495.3 billion
• Gross Profit (TTM): $282 billion
• Year Founded: 1933
• Exchange: TADAWUL

Also known as Saudi Aramco, Aramco is the national oil company of the Kingdom of Saudi Arabia. Currently, it is the world’s third-largest company by revenue, and tops the chart of largest daily oil production of all oil-producing companies.

Its shares began trading on the Tadawul stock exchange on December 11, 2019, and exceeded the USD 2 trillion mark right on the second day of trading.

Meta Platforms (META)

• Market Cap: $1.55 trillion
• Revenue (TTM): $134.9 billion
• Gross Profit (TTM): $108.9 billion
• Five-Year Annualized Return: 24.6%
• Year Founded: 2004
• Exchange: NASDAQ

Formerly named as Facebook, Meta Platforms was rebranded in October 2021 to reflect the company’s focus on building the metaverse. The company now owns and operates Facebook, Instagram, Threads, and WhatsApp, among other major products.

It won the award for ‘Best Company Compensation and Best Company Perks & Benefits’ in 2023. Advertising amounts to a whopping 97.8% of the company’s revenue, as per 2023 data.

Tesla Inc (TSLA)

• Market Cap: $1.13 trillion
• Revenue (TTM): $96.8 billion
• Gross Profit (TTM): $17.7 billion
• Five-Year Annualized Return: 74.6%
• Year Founded: 2003
• Exchange: NASDAQ

The EV manufacturer was incorporated as Tesla Motors in July 2003, with Elon Musk joining as its largest shareholder in February 2004. Tesla’s Model 3 is the all-time bestselling plug-in electric car globally, and became the 1st electric car to sell 1 million units worldwide in June 2021.

Berkshire Hathaway (BRK.A)

• Market Cap: $1.01 trillion
• Revenue (TTM): $364.5 billion
• Gross Profit (TTM): $123.2 billion
• Five-Year Annualized Return: 16.99%
• Year Founded: 1955
• Exchange: NYSE

The conglomerate has its roots in multiple avenues including insurance, freight rail transportation, and utility, with the insurance business being its capital source.

Berkshire Hathaway is among the largest American-owned private employers in the US, The company’s class A shares have the highest per-share price of any public company in the world, currently trading at USD 705,659 per piece.

Taiwan Semiconductor Manufacturing Company (TSM)

• Market Cap: $843.5 billion
• Revenue (TTM): $70.4 billion
• Gross Profit (TTM): $38.3 billion
• Five-Year Annualized Return: 32.35%
• Year Founded: 1987
• Exchange: NYSE

Taiwan Semiconductor Manufacturing Company manufactures and designs semiconductors, and is the world’s second most valuable semiconductor company, while the largest in Taiwan. The central government is its largest shareholder.

The tech giant was the first Taiwanese company to be listed on the NYSE in 1997, with a fabled list of customers including Apple, AMD, Qualcomm, and NVIDIA, among others.

Broadcom Inc (AVGO)

• Market Cap: $785.4 billion
• Revenue (TTM): $35.8 billion
• Gross Profit (TTM): $26.5 billion
• Five-Year Annualized Return: 44.39%
• Year Founded: 1961 (HP Associates), 2005 (Avago Technologies)
• Exchange: NASDAQ

The tech company operates in two segments – Semiconductor Solutions and Infrastructure Software. An estimated 79% of Broadcom’s revenue came from semiconductor-based products in 2023. The company started as HP Associates in 1961.

In May 2022, it announced plans to acquire VMware in a cash-and-stock transaction for $69 billion, the acquisition closing in November last year.

Walmart Inc (WMT)

• Market Cap: $751.7 billion
• Revenue (TTM): $648.1 billion
• Gross Profit (TTM): $158 billion
• Five-Year Annualized Return: 20.47%
• Year Founded: 1962
• Exchange: NYSE

It is a multinational retail corporation that operates through three segments. Walmart is the largest company in the world by revenue, and is also the largest private employer in the world.

Eli Lilly and Company (LLY)

• Market Cap: $732.4 billion
• Revenue (TTM): $34.1 billion
• Gross Profit (TTM): $27 billion
• Five-Year Annualized Return: 48.55%
• Year Founded: 1876
• Exchange: NYSE

The Indianapolis-headquartered pharmaceutical major was founded by a chemist, Colonel Eli Lilly. It is currently spread over 18 countries. The company is known for its clinical depression drugs Prozac and Cymbalta, while its primary revenue drivers are the diabetes drugs Humalog and Trulicity.

JPMorgan Chase & Co (JPM)

• Market Cap: $689.3 billion
• Revenue (TTM): $173.22 billion
• Five-Year Annualized Return: 16.6%
• Year Founded: 1799 (Chase Manhattan Company), 1871 (J.P. Morgan & Co), 2000 (merger of two predecessor firms)
• Exchange: NYSE

JPMorgan Chase & Co is the largest bank in the United States and the largest bank in the world by market capitalization. It is also the world’s largest investment bank by revenue.

Visa Inc (V)

• Market Cap: $613.4 billion
• Revenue (TTM): $34.1 billion
• Gross Profit (TTM): $33.4 billion
• Five-Year Annualized Return: 12.72%
• Year Founded: 1958
• Exchange: NYSE

The payment technology company is a world leader in digital payments, facilitating transactions across over 200 countries and territories through Visa-branded credit cards, debit cards and prepaid cards. It was founded by Bank of America in 1958 under the ‘BankAmericard’ credit card program. Visa is the second-largest card payment organization in the world.

You can find the world’s largest companies by market capitalization easily using Investing Pro. Here are the steps:

• Click on the Investing Pro Screener tool.
• Select ‘Market Cap’ as a filter parameter on the Screener page. You can also remove other parameters like Revenue or Dividend (if present) from under Filters, in order to make your selection criteria crisp.

• You can then see the list of all the companies having the largest market caps, or the largest companies in the world, in descending order.

Q. What does market cap indicate?

From a purely financial standpoint, market capitalization majorly indicates the size and success of a corporation. It is the total value of a company’s outstanding shares multiplied with the current price of each equity share.

Market cap is even necessary to put a stock’s price into context. A cheap share price doesn’t necessarily make a stock cheap. A company could have a share price of $3 — but if there are 1 billion shares outstanding, the stock may be far more expensive than the per-share price suggests.

Q. How does market cap increase?

As market cap is calculated by multiplying the total number of a company’s outstanding shares and the price per share, two factors can alter the figure.

It can either be significant changes in the stock price or if the company issues excess shares or repurchases it, changing the number of outstanding shares.