Fortune 500: Microsoft, Apple, and Tesla Slip in 2025 Rankings

The 2025 Fortune 500 showcases record revenue for top US companies, with the entry threshold rising. Walmart secured the top spot, while Amazon was runner-up. UnitedHealth Group surpassed Apple. While Microsoft, Apple, and Tesla saw ranking adjustments, NVIDIA made a significant leap, fueled by a 114% revenue surge, entering the top 50 and leading in shareholder return.

The 2025 Fortune 500 list has been released, marking the 71st year of the prestigious ranking. This year’s edition showcases record-breaking revenue and profits across the board for the top companies in the United States.

A significant marker of the market’s strength is the increased entry threshold to join the list, rising from $7.1 billion in revenue last year to $7.4 billion this year.

The combined revenue of the 500 companies hit a staggering $19.91 trillion, a nearly 6% rise from $18.8 trillion the previous year, reflecting robust economic activity.

In this year’s competitive landscape, Walmart secured the top spot for the 13th consecutive year, while Amazon retained its position as runner-up for the sixth year in a row. Notably, UnitedHealth Group surged ahead of Apple, securing the third position.

2025年《财富》美国500强排行出炉:微软、苹果、特斯拉集体下滑

The evolving market dynamics are apparent. Beyond Amazon, several of the tech giants have experienced shifts within the rankings. Microsoft, Apple, and Tesla all saw their positions adjust on the list, illustrating the volatile nature of these high-growth sectors.

Tesla, for example, is celebrating its ninth year on the Fortune 500, but experienced its first drop in rank.

One of the most noteworthy ascensions is NVIDIA, ranking 31st. Driven by a remarkable 114% surge in revenue, NVIDIA climbed 34 places, breaking into the top 50 for the first time.

Furthermore, NVIDIA led the list in terms of the 10-year annualized total shareholder return, with a staggering 75.6%.

2025年《财富》美国500强排行出炉:微软、苹果、特斯拉集体下滑
2025 Fortune 500 Ranking: Top 200

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