The corporations on our annual list of the world's 500 largest companies combined to generate $41.7 trillion in revenue over the past year.

Fortune Global 500

Almost $20 trillion in revenue—and a record-breaking $1.87 trillion in profits. Introducing the 2025 Fortune 500, the definitive list of the biggest companies in America.

Alphabet became the first Fortune&nbsp;500 company ever to post $100&nbsp;billion in annual profit. Ads on YouTube and Google Search were Alphabet’s cash cows, but Google Cloud—which includes its AI efforts—is its fastest-growing division.

Fortune 500

The 300 companies on this year’s list brought in over $12.6 trillion in revenue for the latest 12 months, with the median revenue figure at $22 billion.

America's Most Innovative Companies

Leaders in all industries rely more than ever on Big Tech—and appreciate the giants that deliver, at scale, without drama.

World's Most Admired Companies

The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.

Industries included in the sector are computers, internet services, IT services, semiconductors, and software companies.

Fortune Sector Leaders: Technology

The Fortune 500, in its 70th year in 2024, ranks the biggest U.S. companies by revenue.

The 200 companies on this list are transforming industries from the inside out.

The 26th edition of the list shows how much esteem Big Tech giants command among other business leaders.

WMA 2024-Alphabet

The 25th Fortune World’s Most Admired Companies list suggests that tech giants’ peers respect them as much as ever.

WMAC 2023-Alphabet

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

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Google’s parent company hit important milestones over the past year as it turned its attention to advances in artificial intelligence. Like other tech companies, it saw growth slow in 2022. In January, Alphabet announced it would cut costs by laying off 12,000 employees—the largest layoff in company history. 
<ul> 
 	<li>YouTube veteran Neal Mohan succeeded Susan Wojcicki as CEO of the video platform after she stepped down in February 2023. Mohan has pushed improvements to YouTube Shorts to address the platform’s falling ad revenue, which in the first quarter of 2023 registered its third straight quarterly drop.</li> 
 	<li>In early 2023, Google set its eyes on rivaling ChatGPT with its own chatbot, known as Google Bard. But Bard’s first live demo produced a botched answer. Alphabet’s market value fell $100 billion that day, though the company’s shares subsequently recovered.</li> 
 	<li>Google announced a slate of A.I. products and A.I.-driven improvements in May 2023, including an experimental platform called SGE that would use generative A.I. to power answers in search.</li> 
</ul>

The 300 companies on this list are transforming industries from the inside out.

F500-2020-011-Alphabet

The Fortune 500, in its 69th year in 2023, ranks the biggest U.S. companies by revenue.

F500 2023-Alphabet

Google’s parent company hit important milestones this year as it turned its attention to advances in artificial intelligence. Like other tech companies, it saw growth slow in 2022 and 2023. In January, Alphabet announced it would costs by laying off 12,000 employees—the largest layoff in company history. 
<ul> 
 	<li>YouTube veteran Neal Mohan succeeded Susan Wojcicki as CEO of the video platform after she stepped down in February 2023. Mohan has pushed improvements to YouTube Shorts to address the platform’s falling ad revenue, which in the first quarter of 2023 registered its third straight quarterly drop.</li> 
 	<li>In early 2023, Google set its eyes on rivaling ChatGPT with its own chatbot, known as Google Bard. But Bard’s first live demo produced a botched answer. Alphabet’s market value fell $100 billion that day, though the company’s shares subsequently recovered.</li> 
 	<li>Google announced a slate of A.I. products in May 2023, including A.I.-powered answers on search, designed to fend off a growing challenge from Microsoft’s Bing.</li> 
</ul>

Just as it dominates our economy, Big Tech now dominates Fortune’s annual ranking of corporate reputation.

WMAC-2022-07-Alphabet

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

G500 2022-17-Alphabet

Google parent Alphabet had a banner year, surpassing $200 billion in revenue for the first time. Alphabet boasted the top-performing Big Tech stock of 2021 as its shares soared by more than 65%, nearly three times the Nasdaq’s 22% gain. It also set aside a whopping $50 billion to buy back shares and announced a 20-for-1 stock split to encourage more investment. Alphabet’s stellar performance was boosted in part by its Google Cloud services, which registered a revenue increase of almost 50%. But while financials were booming, Alphabet faced many challenges on the HR front. Hundreds of workers opted to unionize, after which the company offered enhanced employee benefits including extended parental leave and vacation time; the company’s hybrid-work plans also irked employees who had grown accustomed to working remotely. On the geopolitical front, Alphabet barred Russian media outlets from receiving ad revenue via its online platforms after Russia invaded Ukraine, and transformed its Google offices in Poland into a safe haven for Ukrainian refugees.

This year’s Fortune 500 marks the 68th running of the list.

F500 2022 Alphabet

Google parent Alphabet had a banner year, surpassing $200 billion in revenue for the first time. Alphabet boasted the top-performing Big Tech stock of 2021 as its shares soared by more than 65%, nearly three times the Nasdaq’s 22% gain. It also set aside a whopping $50 billion to buy back shares and announced a 20-for-1 stock split to encourage more investment. Alphabet’s stellar performance was boosted in part by its Google Cloud services, which registered a revenue increase of almost 50%. But while financials were booming, Alphabet faced many challenges on the HR front. Hundreds of workers opted to unionize, after which the company offered enhanced employee benefits including extended parental leave and vacation time; the company’s hybrid work plans also irked employees who had grown accustomed to working remotely. On the geopolitical front, Alphabet barred Russian media outlets from receiving ad revenue via its online platforms after Russia invaded Ukraine, and it transformed its Google offices in Poland into a safe haven for Ukrainian refugees.

This year’s group delivered stellar revenue and profit growth, but it underperformed the broader stock market.

100 Fastest-Growing Companies

After a year in which humanity leaned more heavily than ever on tech giants, see which companies topped Fortune's ranking of corporate reputation.

WMAC 2021-07-Alphabet

Total revenue for the world’s biggest companies fell 4.8% to $31.7 trillion this year—the first decline in half a decade.

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Google’s parent company, Alphabet, faced major challenges in 2020. It was attacked for pushing out two A.I. researchers and got hammered during congressional hearings, and it suffered its first-ever slowdown in advertising revenue. Despite all that, it ended the year with record fourth-quarter sales, after its ad business rebounded from a coronavirus-related lull. Alphabet also benefited from YouTube’s rapid growth, and it invested big money in its cloud business. The company wrapped up 2020 with $182.5 billion in revenue, up 13% year over year, and more than $40 billion in profit. But 2021 hasn’t been easy either. Alphabet still faces federal and state antitrust lawsuits, pressure from a newly formed employee union, and scrutiny over problematic content disseminated on YouTube.

This year’s Fortune 500 marks the 67th running of the list.

F500-2021-09-Alphabet

Collectively, the ranked companies produced a three-year average shareholder return of 33%, vs. 19% for the S&P 500.

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For an astounding 13th straight year, Apple claims the top spot in Fortune’s annual ranking of corporate reputation, based on a survey of almost 3,800 executives, directors, and analysts.

This year's Fortune Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.

G500-2020-029-Alphabet

Alphabet, the parent company of Google, continues to dominate as the world’s leader in digital ad revenue. In 2019, the company generated nearly $162 billion in revenue, an increase of more than 18%, along with more than $34 billion in profit. But Alphabet, along with other big tech companies, remains under regulatory scrutiny for some of its business practices. In Europe, the company appealed rulings that found that it restricted competitor’s ads and broke data privacy laws; France's top court upheld the ruling in June. And in the U.S., regulators are investigating allegations of similar violations. The appointment of Sundar Pichai, the former Google chief, as Alphabet's CEO last December represents a new stage for the Silicon Valley giant; many expect Pichai to impose greater financial discipline—particularly on bold but money-losing "other bets," such as its efforts with self-driving cars and health tech.

This year's Fortune 500 marks the 66th running of the list.

Alphabet, the parent company of Google, continues to dominate as the world’s leader in digital ad revenue. In 2019, the company generated nearly $162 billion in revenue, an increase of more than 18%, along with more than $34 billion in profit. But Alphabet, along with other big tech companies, remains under regulatory scrutiny for some of its business practices. In Europe, the company is appealing rulings that found that it restricted competitor’s ads and broke data privacy laws. And in the U.S., regulators are investigating allegations of similar violations. The appointment of Sundar Pichai, the former Google chief, as Alphabet's CEO last December represents a new stage for the Silicon Valley giant; many expect Pichai to impose greater financial discipline—particularly on bold but money-losing "other bets," such as its efforts with self-driving cars and health tech.

As we face unprecedented collective challenges, cooperation has become a business superpower.

23.CTW20.Google

When a company’s name becomes a verb, it’s hard to argue it hasn’t had a big impact. Google, the flagship of the Alphabet holding company, has changed how we find information, navigate the world, and communicate. Underlying most of its products and services is artificial intelligence—it makes Google’s searches better (and thus more valuable to advertisers), Google Translate more accurate, and Google Assistant smarter. The company has made many of the breakthrough A.I. techniques behind these products freely available for others to use. 
 
But Google is also deploying A.I. to directly save lives. Its Flood Forecasting Initiative uses A.I. to generate hyper-local forecasts of rising water levels (as shown here), giving more than 200 million people at risk from potentially lethal floods across India up to 48 hours’ advance warning of dangerous water levels. Since launching in cooperation with India’s government in 2017, the project has issued 27 million alerts. Research Google is conducting with Yale indicates that 65% of those who get an alert take action to protect themselves. Google has extended the system to Bangladesh, where flooding kills some 5,000 people a year. And it hopes to extend it worldwide: Globally, flooding affects up to 250 million people and causes $33 billion in damage annually.

Change the World

Collectively, the ranked companies produced a three-year average shareholder return of 19%, vs. 11% for the S&P 500.

Fastest-Growing-Companies-2020-70-Alphabet

Here are the World's Most Admired Companies for 2019 as ranked in their industries. See who made the list.

This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.

Fortune's proprietary methodology allows us to zero in on the 50 global firms that are best poised to deliver—and continue delivering—above average gains.

The Future 50

This year's Fortune 500 marks the 65th running of the list.

Here are the World's Most Admired Companies for 2018 as ranked in their industries. See who made the list.

Welcome to the inaugural Fortune Future 50, our new ranking of companies best positioned for breakout growth.

This year's Fortune 500 marks the 64th running of the list.

Here’s our look at 57 companies that do well by doing good.

Here are the World's Most Admired Companies for 2017 as ranked in their industries. See who made the list.

Our 2017 list of the 100 best companies as ranked by their employees. See which companies made the list.

Fortune 100 Best Companies to Work For

This year's Fortune 500 marks the 63rd running of the list.

Here are the World's Most Admired Companies for 2016 as ranked in their industries. See who made the list.

Google/Alphabet is the No. 1 place to work for the seventh time in 10 years. Six newcomers include Veterans United at No. 30, Hilton Hotels at No. 56, and Slalom Consulting at No. 100. IKEA’s U.S. arm returns to the list, along with GoDaddy and Sheetz.

This year's Fortune Global 500 generated $27.6 trillion in revenues and $1.5 trillion in profits.

This year's Fortune 500 marks the 62nd running of the list.

Business insiders have spoken: Asked which companies they most admire, more than 4,100 executives, directors, and analysts chose these top 50 All-Stars.

This year’s list marks Fortune's 18th year of partnering with Great Place to Work. Google ranks No.1 for the sixth time, and 16 new companies make impressive debuts, including Acuity (No. 3), Twitter (No. 24), and Riot Games (No. 13).

The world's 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. Together, this year's Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.

This year's Fortune 500 marks the 61st running of the list. Wal-Mart claims the top spot again. See who made the list.

Nike, Cisco, MasterCard, SABMiller, Vodafone, Google—and 45 other companies that are doing well by doing good.

The inaugural list of the 100 Best Workplaces for Millennials from our partners at Great Place to Work includes surprising newcomer Power Home Remodeling, making an impressive debut at No. 1. Other standouts include Chili’s Grill and Bar (no. 11), Elevation Church (No. 34), and Yelp (No. 41).

Google

It’s probably no surprise that a tech powerhouse like Google also caters to its millennial workforce. No. 1 on Fortune’s 2015 <a style="color:#ec412e;" href="http://fortune.com/best-companies/" target="_blank">Best Companies to Work For</a>, Google is described glowingly by its employees. “While Googlers do love their perks, it’s the innovative technology and the people they work with that stand out for them,” according to Great Place to Work. “Employees are proud to work on projects that change our world like Google Maps and Android.” The perks are, of course, plentiful, too, ranging from themed events, bonuses and employee recognition for a job well done. <a style="color:#ec412e;" href="http://us.greatrated.com/google-inc" target="_blank">Read the Great Place to Work review.</a>

100 Best Large Workplaces for Millennials

Google tops the list once again, marking its eighth appearance and fifth time as No. 1.

Global business is back. After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013: They racked up combined revenues of $31.1 trillion, up 2.5% from 2012, and profits soared 27% to nearly $2 trillion. China’s 95 companies (up from 89 last year) posted $5.8 trillion in revenues. The U.S. has four fewer companies on the list than last year but remains (for now) the country leader, with 128 corporations on the list—including No. 1 Wal-Mart Stores—reporting $8.6 trillion in revenues. 

Wal-Mart stayed on top as its sales crept closer to half-a-trillion dollars. Apple moved into the top five. And UnitedHealth Group continued its steady climb. 

Perks

100% health coverage

Onsite fitness center

Discounted gym memberships

Telecommuting

Job sharing

Compressed work weeks

Fully-paid sabbaticals

On-site medical care facility

Medical facility at all locations

Subsidized childcare

Sick days for part-timers

Health insurance for part-timers

PTO for volunteering

College tuition reimbursement

Paid Time Off

PTO limit (days)

Total PTO after 5 years

Max hours PTO for volunteering

Compensation

Most common job (for salaried employee)

Fastest-growing Companies

Revenue 3 Yr Growth Rank

Revenue 3 Yr Annual Growth Rate

EPS 3 Yr Growth Rank

EPS 3 Yr Annual Growth Rate

Total Return 3 Yr Rank

Total Return 3 Yr Annual Rate (Through June 28, 2024)

Beat S&P 500 3 Yr Return (10%)

Current Streak

Years on List

Sector

Company Info

Industry

City

Founded

Type of org

Revenue ($)

Web Address

Global employee headcount

Best Companies rank

Change The World

Impact Segment

Future 50

Overall Score

Website

HQ Location

Country

Revenues ($M) (Past 12 Months)

Profits ($M) (Past 12 Months)

Market Value as of Oct. 9, 2019 ($M)

Employees

Current All-Star Rank

Previous All-Star Rank

Industry Rank

Previous Industry Rank

Innovation

People Management

Use of Corporate Assets

Social Responsibility

Quality of Management

Financial Soundness

Long-Term Investment Value

Quality of Products/Services

Global Competitiveness

Culture rank

Process rank

Product rank

Years on list

Previous rank

Key Financials (last Fiscal Year)

Revenues ($M)

Profits ($M)

Assets ($M)

Total Stockholder Equity ($M)

Profit Ratios

Profit as % of Revenues

Profits as % of Assets

Profits as % of Stockholder Equity

Earnings Per Share (last Fiscal Year)

Earnings Per Share ($)

EPS % Change (from prior fiscal year)

EPS % Change (5 year annual rate)

EPS % Change (10 year annual rate)

Total Return

Total Return to Investors (last year)

Total Return to Investors (5 year, annualized)

Total Return to Investors (10 year, annualized)

Google's parent company, Alphabet, is an American multinational technology conglomerate holding company. A few of its offerings include an advertising business; its Android phone products; and the Google Chrome web browser, search, Google Maps, and Google Photos. Alphabet also sells apps and in-app purchases through Google Play and YouTube, and offers cybersecurity, databases, and analytics. Its Google Workspace business includes cloud-based communication and collaboration tools for businesses, such as Gmail, Docs, Drive, Calendar, and Meet. In 2023, Alphabet was the world's second-largest tech company by revenue.

Q2 2025

Q1 2025

Q4 2024

Alphabet (GOOGL): Company Profile, Stock Price, News, Rankings

legacy

Alphabet

alphabet

Thank you for standing by for the Alphabet First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speaker presentation, there will be a question and answer I would now like to hand the conference over to your speaker today, Jim Friedland, Senior Director of Investor Relations. Please go ahead.

Thank you. Good afternoon, everyone, and welcome to Alphabet's first quarter twenty twenty five earnings conference call. With us today are Sundar Pichai, Philip Schindler and Anat Ashkenazi. Now, I'll quickly cover the Safe Harbor. Some of the statements that we make today regarding our business, operations and financial performance may be considered forward looking.

Such statements are based on current expectations and assumptions that are subject to a number of risks and uncertainties. Actual results could differ materially. Please refer to our Forms 10 ks and 10 Q, including the risk factors. We undertake no obligation to update any forward looking statement. During this call, we will present both GAAP and non GAAP financial measures.

A reconciliation of non GAAP to GAAP measures is included in today's earnings press release, which is distributed and available to the public through our Investor Relations website located at abc.xyzinvestor. Our comments will be on year over year comparisons unless we state otherwise. And now, I'll turn the call over to Sundar.

pleased with our strong results this quarter. We continue to see healthy growth and momentum across the business, including AI powering new features. In Search, we saw continued double digit revenue growth. AI Overviews is going very well with over 1,500,000,000 users per month and we are excited by the early positive reaction to AI mode. There's a lot more to come ahead.

In subscriptions, we surpassed two seventy million subscriptions with YouTube and Google One as key drivers. And cloud grew rapidly with significant demand for our solutions and you saw our leadership in AI at Cloud Next across infrastructure, agents and more. Our differentiated full stack approach to AI continues to be central to our growth. This quarter was super exciting as we rolled out Gemini 2.5, our most intelligent AI model which is achieving breakthroughs in performance and it's widely recognized as the best model in the industry. That's an extraordinary foundation for our future innovation and we are focused on bringing this to people and customers everywhere.

Looking ahead to IO, Brandcast and Google Marketing Live, I can't wait for our teams to showcase the innovations they've been working on. Turning to our AI progress this quarter, which continues to enable significant growth opportunities. The elements of the AI stack I've previously mentioned are AI infrastructure, world class research including models and tooling, and our products and platforms. Starting with AI infrastructure, our long term investments in our global network have positioned us well. Google's network is robust and resilient, supported by over 2,000,000 miles of fiber and 33 subsea cables.

Complementing this, we offer the industry's widest range of TPUs and GPUs and continue to invest in next generation capabilities. Ironwood, our seventh generation TPU and most powerful to date, is the first designed specifically for inference at scale. It delivers more than 10x improvement in compute power over a recent high performance TPU while being nearly twice as power efficient. A strong relationship with NVIDIA continues to be a key advantage for us and our customers. We were the first cloud provider to offer NVIDIA's groundbreaking B200 and GB200 Blackwell GPUs and will be offering their next generation Vera Rubin GPUs.

Second, this infrastructure powers our world class research including our industry leading models. We released Gemini 2.5 Pro last month, receiving extremely positive feedback from both developers and consumers. 2.5 Pro is state of the art on a wide range of benchmarks and debuted at number one on the chatbot arena by a significant margin. 2.5 Pro achieved big leaps in reasoning, coding, science and math capabilities, opening up new possibilities for developers and customers. Active users in AI Studio and Gemini API have grown over 200 since the beginning of the year.

And last week, we introduced 2.5 Flash, which enables developers to optimize quality and cost. Our latest image and video generation models, Imagine three and Vio2, are rolling out broadly and are powering incredible creativity. Turning to open models. We launched Gemma three last month delivering state of the art performance for its size. Gemma models have been downloaded more than 140,000,000 times.

Lastly, we are developing AI models in new areas where there's enormous opportunity. For example, our new Gemini robotics models. And in Health, we launched AI Coscientist, a multi agent AI research system, while AlphaFold has now been used by over 2,500,000 researchers. Third, turning to products and platforms. All 15 of our products with a half a billion users now use Gemini models.

Android and Pixel are two examples of how we are putting the best AI in people's hands, making it super easy to use AI for a wide range of tasks just by using their camera, voice or taking a screenshot. We are upgrading Google Assistant on mobile devices to Gemini and later this year will upgrade tablets, cars and devices that connect to your phone such as headphones and watches. The Pixel 9a launched very strong reviews, providing the best of Google's AI offerings like Gemini Live and AI powered camera features. And Gemini Live camera and screen sharing is now rolling out to all Android devices, including Pixel and Samsung S25. Now moving on to key highlights from across Search, Cloud, YouTube and Waymo.

First, Search. AI is one of the most revolutionary technologies for enabling and expanding our information mission. And for Search, we see it growing the number and types of questions we can answer. We are already seeing this with AI Overviews, which now has more than 1,500,000,000 users every month. Nearly a year after we launched AI Overviews in The U.

S, we continue to see that usage growth is increasing as people learn that search is more useful for more of their queries. So we are leaning in heavily here, continuing to roll the feature out in new countries to more users and to more queries. Building on the positive feedback for AI overviews, in March we released AI Mode, an experiment in labs. It expands what AI overviews can do with more advanced reasoning, thinking and multimodal capabilities to help with questions that need further exploration and comparisons. On average AI mode queries are twice as long as traditional search queries.

We're getting really positive feedback from early users about its design, fast response time and ability to understand complex nuanced questions. We also continue to see significant growth in multimodal queries. Circle to Search is now available on more than two fifty million devices with usage increasing nearly 40% this quarter. And monthly visual searches with Lens have increased by 5,000,000,000 since October. Moving on to Cloud.

At Cloud Next, we announced major innovations and over 500 companies shared the business results they are achieving by working with us. We provide leading cost, performance and reliability for AI training and inference. This enables us to deliver the best value for AI leaders like AnyScale and contextual AI as well as global brands like Verizon. And for highly sensitive data and regulatory requirements, Google Distributed Cloud and our sovereign AI make Gemini available on premises or in country. Our Vertex AI platform makes over 200 foundation models available, helping customers like Lowe's integrate AI.

We offer industry leading models, including Gemini 2.5 Pro, 2.5 Flash, Imagine three, Vio2, Chirp and Liria, plus open source and third party models like Lama four and Anthropic. We are the leading cloud solution for companies looking to the new era of AI agents, a big opportunity. Our Agent Development Kit is a new open source framework to simplify the process of building sophisticated AI agents and multi agent systems. And Agent Designer is a low code tool to build AI agents and automate tasks in over 100 enterprise applications and systems. We are putting AI agents in the hands of employees at major global companies like KPMG.

With Google Agent Space, employees can find and synthesize information from within their organization, converse with AI agents and take action with their enterprise applications. It combines enterprise search, conversational AI or chat, and access to Gemini and third party agents. We also offer prepackaged agents across customer engagement, coding, creativity and more that are helping to provide conversational customer experiences, accelerate software development and improve decision making. And of course, Google Workspace. It delivers more than 2,000,000,000 AI assists monthly, including summarizing Gmail and refining docs.

Lastly, our cybersecurity products are helping organizations detect, investigate and respond to cybersecurity threats. Our expertise, coupled with integrated Gemini AI advances, detects malware, prioritizes threats and speeds up investigative workflows. This quarter, we were excited to announce our intent to acquire Wizz, a leading cloud security platform that protects all major clouds and cloud environments. Together, we can make it easier and faster for organizations of all types and sizes to protect themselves end to end and across all major clouds. We think this will help spur more multi cloud computing, something customers want.

Alphabet (GOOGL) Q1 2025 Earnings Call Transcript

Company Participants