California beats out Texas and New York for the most Fortune 500 companies

Emma BurleighBy Emma BurleighReporter, Success
Emma BurleighReporter, Success

    Emma Burleigh is a reporter at Fortune, covering success, careers, entrepreneurship, and personal finance. Before joining the Success desk, she co-authored Fortune’s CHRO Daily newsletter, extensively covering the workplace and the future of jobs. Emma has also written for publications including the Observer and The China Project, publishing long-form stories on culture, entertainment, and geopolitics. She has a joint-master’s degree from New York University in Global Journalism and East Asian Studies.

    San Francisco's Golden Gate Bridge.
    San Francisco's Golden Gate Bridge.
    theverest—Getty Images

    California has long been a hub of economic success, and with the world’s recent AI explosion, America’s technology capital is ready to soar to even greater heights.

    For the first time since 2014, the Golden State beat out Texas and New York to become home to the most Fortune 500 companies, with an impressive 57 companies within its borders. Texas and New York, which both tied for second, have 52 companies each. 

    Texas has proven to be tough competition in recent years, with companies like Tesla and pharmaceutical giant McKesson moving their headquarters to the Lone Star state to leverage its business-friendly policies like loose regulatory oversight and low taxes. So is New York, as America’s most populous city, remains the epicenter for banking and consulting firms. 

    Although five California-based companies dropped off the Fortune 500 list this year, the state beat out other competitors because nine companies headquartered there made the cut. Some newcomers include food delivery company DoorDash and real estate investment firm Prologis, cleaning product manufacturer Clorox, and software company Workday


    Fortune 500 companies based in California

    Apple, Cupertino, California, No. 3

    Alphabet, Mountain View, California, No. 8

    Chevron, San Ramon, California, No. 15

    Meta Platforms, Menlo Park, California, No. 30

    Wells Fargo, San Francisco, California, No. 34

    Walt Disney, Burbank, California, No. 47

    Nvidia, Santa Clara, California, No. 65

    TD Synnex, Fremont, California, No. 71

    Cisco Systems, San Jose, California, No. 74

    Intel, Santa Clara, California, No. 79

    HP, Palo Alto, California, No. 82

    Uber Technologies, San Francisco, California, No. 113

    Qualcomm, San Francisco, California, No. 117

    Broadcom, Palo Alto, California, No. 118

    Salesforce, San Francisco, California, No. 123

    Molina Healthcare, Long Beach, California, No. 128

    Netflix, Los Gatos, California, No. 131

    Visa, San Francisco, California, No. 135

    PayPal Holdings, San Jose, California, No. 145

    Amgen, Thousand Oaks, California, No. 151

    Gilead Sciences, Foster City, California, No. 154

    Applied Materials, Santa Clara, California, No. 158

    PG&E, Oakland, California, No. 167

    Live Nation Entertainment, Beverly Hills, California, No. 179

    Advanced Micro Devices, Santa Clara, California, No. 181

    Block, Oakland, California, No. 186

    Ross Stores, Dublin, California, No. 201

    Adobe, San Jose, California, No. 210

    Lam Research, Fremont, California, No. 237

    Sempra, San Diego, California, No. 246

    Edison International, Rosemead, California, No. 250

    Farmers Insurance Exchange, Woodland Hills, California, No. 273

    Gap, San Francisco, California, No. 278

    Pacific Life, Newport Beach, California, No. 282

    Intuit, Mountain View, California, No. 297

    Western Digital, San Jose, California, No. 334

    KLA, Milpitas, California, No. 382

    eBay, San Jose, California, No. 390

    LPL Financial Holdings, San Diego, California, No. 392

    Airbnb, San Francisco, California, No. 396

    Chipotle Mexican Grill, Newport Beach, California, No. 399

    A-Mark Precious Metals, El Segundo, California, No. 421

    ServiceNow, Santa Clara, California, No. 432

    Sanmina, San Jose, California, No. 433

    DoorDash, San Francisco, California, No. 443

    Equinix, Redwood City, California, No. 456

    Prologis, San Francisco, California, No. 463

    Skechers U.S.A., Manhattan Beach, California, No. 465

    Franklin Resources, San Mateo, California, No. 468

    Williams-Sonoma, San Francisco, California, No. 474

    Electronic Arts, Redwood City, California, No. 482

    Clorox, Oakland, California, No. 485

    Workday, Pleasanton, California, No. 490

    Monster Beverage, Corona, California, No. 496

    Intuitive Surgical, Sunnyvale, California, No. 497

    Super Micro Computer, San Jose, California, No. 498

    Concentrix, Newark, California, No. 499

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