The ranking of the world’s top profitable companies provides a glimpse into the countries that have the most economic power. China and the U.S., by far, dominate the list as half of the Fortune Global 500 companies are based in China, and the rest are in the U.S. Notably, half of these companies are tech firms, while the other half are financial firms. These two sectors make up the top 10 most profitable organizations by 12-month trailing net income.
#1 Apple Inc.
The company designs, manufactures, and markets mobile communication devices, such as mobile devices and media players, as well as personal computers and networking accessories. It also sells a variety of related software and services. Most of its products are known for its popular iPhone, iPad, and Mac computers.
- Net Income (TTM): $58.4 billion
- Revenue (TTM): $273.9 billion
- Market Cap: $2.1 trillion
- 1-Year Trailing Total Return: 133.6%
#2 Microsoft Corp.
The company develops, licenses, and supports various software products and services. Its offerings include operating systems, business applications, and video games. It also manufactures various devices, such as tablets, gaming consoles, and smartphones. Through its cloud-computing platform, Azure, Microsoft is able to grow its fastest-growing business.
- Net Income (TTM): $44.3 billion
- Revenue (TTM): $143.0 billion
- Market Cap: $1.6 trillion
- 1-Year Trailing Total Return: 57.4%
#3 Industrial And Commercial Bank Of China Ltd.
China’s Industrial and Commercial Bank is a financial institution that provides various financial and commercial services. Its offerings include loans and deposits, as well as investment activities. It also engages in foreign exchange and money market transactions.
- Net Income (TTM): $41.7 billion
- Revenue (TTM): $122.2 billion
- Market Cap: $195.0 billion
- 1-Year Trailing Total Return: -10.1%
#4 China Construction Bank Corp.
The China Construction Bank is a financial institution that provides various financial and commercial services to its customers. Its offerings include loans and deposits, as well as investment activities. It also engages in foreign exchange and money market transactions.
- Net Income (TTM): $35.6 billion
- Revenue (TTM): $104.3 billion
- Market Cap: $173.8 billion
- 1-Year Trailing Total Return: -1.7%
#5 Alphabet Inc.
Alphabet is a holding company that is the parent company of Google Inc., which is the world’s most dominant Internet search engine. It offers various products, such as Google Ads, Commerce, Maps, YouTube, and Google Cloud. It also sells hardware products through its various operating systems and services. It is currently developing self-driving technology through its subsidiary, Waymo.
- Net Income (TTM): $31.5 billion
- Revenue (TTM): $166.0 billion
- Market Cap: $1.1 trillion
- 1-Year Trailing Total Return: 33.7
#6 Agricultural Bank of China Ltd.
China’s Agricultural Bank of China is a financial institution that provides its customers with various financial and commercial services. It also engages in debt instruments and money market transactions.
- Net Income (TTM): $28.4 billion
- Revenue (TTM): $91.5 billion
- Market Cap: $112.3 billion
- 1-Year Trailing Total Return: -5.3%
#7 JPMorgan Chase & Co.
The global financial holding company of JPMorgan Chase & Co. is a major financial institution that provides various financial services. It is involved in multiple businesses, such as investment banking, corporate lending, and prime brokerage. It also offers asset management and consumer banking.
- Net Income (TTM): $25.2 billion
- Revenue (TTM): $118.9 billion
- Market Cap: $315.5 billion
- 1-Year Trailing Total Return: -2.4%
#8 Alibaba Group Holding Ltd.
Even though it’s based in the Cayman Islands, Alibaba, a holding company, has its global headquarters in China. It operates various e-commerce businesses through its various subsidiaries. Alibaba’s primary revenue source is its massive digital marketplace, which connects merchants and consumers. It also operates several other e-commerce businesses, such as cloud computing, mobile media, and entertainment.
- Net Income (TTM): $24.9 billion
- Revenue (TTM): $77.9 billion
- Market Cap: $761.3 billion
- 1-Year Trailing Total Return: 61.4%
#9 Bank Of China Ltd.
The Bank of China is a major financial institution that provides various financial services to its customers. Its offerings include loans, deposits, and credit facilities. It offers insurance, stock brokerage, asset management, and investment research.
- Net Income (TTM): $24.8 billion
- Revenue (TTM): $79.3 billion
- Market Cap: $94.0 billion
- 1-Year Trailing Total Return: -11.2%
#10 Intel Corp.
Intel is a major computer component manufacturer that produces various products, such as chips and chipsets. Its primary products include integrated processors, flash memory, and network and communication software. It also serves as the backbone for other industries, such as original equipment manufacturers, communications service providers, and automotive and industrial equipment manufacturers.
- Net Income (TTM): $23.7 billion
- Revenue (TTM): $79.0 billion
- Market Cap: $213.0 billion
- 1-Year Trailing Total Return: 4.7%