Fortune 500 Revenue Ranking: Walmart Leads, Drug Distributors and Insurers Dominate Top 10
For fiscal 2023, Walmart secures the top spot on the Fortune 500 list, boasting annual sales of $648 billion, a position it has maintained for over ten years across 10,500 locations. Amazon follows in second place with around $575 billion, while Apple ranks third with approximately $383 billion, largely driven by iPhone sales. UnitedHealth Group comes in fourth at about $372 billion, and Berkshire Hathaway is fifth with roughly $365 billion. CVS Health ranks sixth with close to $358 billion, following its acquisition of Aetna in 2018. In the energy sector, ExxonMobil leads at around $345 billion, with Alphabet at about $307 billion. Major wholesalers McKesson, Cencora, and Cardinal Health manage U.S. prescription drugs with margins below 2%, and the ranking emphasizes dollar volume over profitability.
Key facts
- Walmart ranked first on the most recently verified Fortune 500 with about $648 billion in annual revenue, a position held for more than a decade
- Amazon placed second at roughly $575 billion, with AWS producing most operating income despite a modest share of sales
- Apple reported approximately $383 billion, with the iPhone accounting for about half of revenue
- UnitedHealth Group posted roughly $372 billion, the largest figure by any U.S. health insurer
- Berkshire Hathaway recorded about $365 billion assembled from dozens of unrelated subsidiaries
- CVS Health reached approximately $358 billion following its 2018 acquisition of Aetna
- ExxonMobil's roughly $345 billion placed it ahead of Alphabet's approximately $307 billion
- McKesson and Cencora reported about $309 billion and $294 billion respectively, with distributor operating margins under 2%
Entities
Artists
- Sam Walton
- Jeff Bezos
- Steve Jobs
- Steve Wozniak
- Ronald Wayne
- Warren Buffett
Institutions
- Fortune
- Walmart
- Sam's Club
- Amazon
- Amazon Web Services
- Apple
- UnitedHealth Group
- UnitedHealthcare
- Optum
- OptumRx
- CVS Health
- Aetna
- Caremark
- MinuteClinic
- Oak Street Health
- Signify Health
- Berkshire Hathaway
- GEICO
- Berkshire Hathaway Reinsurance Group
- BNSF Railway
- Berkshire Hathaway Energy
- See's Candies
- Dairy Queen
- Duracell
- Fruit of the Loom
- ExxonMobil
- ExxonMobil Chemical
- Standard Oil
- Jersey Standard
- Socony
- Alphabet
- YouTube
- Waymo
- Verily
- Google Cloud
- McKesson
- US Oncology Network
- Cencora
- AmerisourceBergen
- Cardinal Health
- Microsoft
- Meta
- UPS
- FedEx
- U.S. Postal Service
- BP
- Shell
- Coca-Cola
- American Express
- Bank of America
- OpenAI
- Express Scripts
- Whole Foods Market
- Quartz
- Justice Department
- European Union
Locations
- United States
- Rogers
- Arkansas
- Bentonville
- Seattle
- Cupertino
- California
- Minnetonka
- Minnesota
- Omaha
- Nebraska
- Woonsocket
- Rhode Island
- Spring
- Texas
- Houston
- Irving
- New York
- San Francisco
- Conshohocken
- Pennsylvania
- Mexico
- Central America
- Canada
- China
- Greater China
- Europe
- Ukraine
Sources
- Quartz —