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.

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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.

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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

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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

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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

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Culture rank

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Profit Ratios

Profit as % of Revenues

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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

Welcome everyone. Thank you for standing by for the Alphabet Fourth Quarter and Fiscal Year twenty twenty four 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 session. I would now like to hand the conference over to your speaker today, Jim Freeland, Senior Director of Investor Relations.

Thank you. Good afternoon, everyone, and welcome to Alphabet's fourth quarter twenty twenty four 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 K 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.

Thanks, Jim, and hello, everyone. We delivered another strong quarter in Q4 driven by our leadership in AI and our unique full stack approach. We are making dramatic progress across compute, model capabilities and in driving efficiencies. We are rapidly shipping product improvements and seeing terrific momentum with consumer and developer usage. And we are pushing the next frontiers from AI agents, reasoning and deep research to state of the art video, quantum computing and more.

The company is in a great rhythm and cadence, building, testing and launching products faster than ever before. This is translating into product usage, revenue growth and results. In Search, AI overviews are now available in more than 100 countries. They continue to drive higher satisfaction and search usage. Meanwhile, Circle two Search is now available on over 200,000,000 Android devices.

In Cloud and YouTube, we said at the beginning of twenty twenty four that we expected to exit the year at a combined annual revenue run rate of over $100,000,000,000 We met that goal and ended the year at a run rate of $110,000,000,000 We are set up well for continued growth. So today, I'll provide an update on our AI progress and how it's improving our core consumer products. Then I'll touch on cloud, YouTube, platforms and devices and Waymo. Let's start with AI. Last quarter, I outlined the three areas of our differentiated full stack approach to AI innovation.

Our leading AI infrastructure, our world class research, including models and tooling, and our products and platforms that bring these innovations to people at scale. First, AI infrastructure. Our sophisticated global network of cloud regions and data centers provides a powerful foundation for us and our customers, directly driving revenue. We have a unique advantage because we develop every component of our technology stack, including hardware, compilers, models and products. This approach allows us to drive efficiencies at every level from training and serving to developer productivity.

In 2024, we broke ground on 11 new cloud regions and data center campuses in places like South Carolina, Indiana, Missouri and around the world. We also announced plans for seven new subsea cable projects, strengthening global connectivity. Our leading infrastructure is also among the world's most efficient. Google data centers deliver nearly four times more computing power per unit of electricity compared to just five years ago. These efficiencies coupled with the scalability, cost and performance we offer are why organizations increasingly choose Google Cloud's platform.

In fact, today, cloud customers consume more than eight times the compute capacity for training and inferencing compared to eighteen months ago. We'll continue to invest in our cloud business to ensure we can address the increase in customer demand. Second, world class research including models. In December, we unveiled Gemini two point zero, our most capable AI model yet, built for the agentic era. We launched an experimental version of Gemini two point o Flash, our workhorse model with low latency and enhanced performance.

Flash has already rolled out to the Gemini app. And tomorrow we are making two point zero Flash generally available for developers and customers, along with other model updates. So stay tuned. Late last year, we also debuted our experimental Gemini two point zero Flash thinking model. The progress to scale thinking has been super fast, and the review so far have been extremely positive.

We are working on even better thinking models and look forward to sharing those with the developer community soon. Gemini two point o's advances in multi modality and native tool use enable us to build new agents that bring us closer to our vision of a universal assistant. One early example is deep research. It uses agentic capabilities to explore complex topics on your behalf and give key findings along with sources. It launched in Gemini Advanced in December and is rolling out to Android users all over the world.

We are seeing great product momentum with our consumer Gemini app, which debuted on iOS last November. And we have opened up trusted tester access to a handful of research prototypes, including Project Mariner, which can understand and reason across information on a browser screen to complete tasks, and Project Astra. We expect to bring features from both to the Gemini app later this year. We're also excited by the progress of our video and image generation models. VO2, our state of the art video generation model, and Imagine three, our highest quality text image model.

These generated media models as well as Gemini consistently top industry leaderboards and score top marks across industry benchmarks. That's why more than 4,400,000 developers are using our Gemini models today, double the number from just six months ago. And we continue to drive research breakthroughs in quantum computing. At the end of last year, we announced Willow, our new state of the art quantum computing chip that can reduce errors exponentially as we scale up using more qubits. Willow is an important step in our journey to build a useful quantum computer with practical applications.

This technology holds so much promise, which is why there was real excitement around this breakthrough. Third, our products and platforms put AI into the hands of billions of people around the world. We have seven products and platforms with over 2,000,000,000 users and all are using Gemini. That includes search, where Gemini is powering our AI overviews. People use search more with AIO views and usage growth increases over time as people learn that they can ask new types of questions.

This behavior is even more pronounced with the younger users who really appreciate the speed and efficiency of this new format. We're also pleased to see how Circle two Search is driving additional search use and opening up even more types of questions. This feature is also popular among younger users. Those who have tried Circle two Search before now use it to start more than 10% of their searches. As AI continues to expand the universe of queries that people can ask, 2025 is going to be one of the biggest years for search innovation yet.

Now let me turn to key highlights from the quarter across cloud, YouTube, platforms and devices and Waymo. First, Google Cloud. Our AI powered cloud offerings enabled us to win customers such as Mercedes Benz, Mercado Libre and Servier. In 2024, the number of first time commitments more than doubled compared to 2023. We also deepened customer relationships.

Last year, we closed several strategic deals over $1,000,000,000 and the number of deals over $250,000,000 doubled from the prior year. Our partners are further accelerating our growth with customers purchasing billions of dollars of solutions through our cloud marketplace. We continue to see strong growth across our broad portfolio of AI powered cloud solutions. It begins with our AI hypercomputer, which delivers leading performance and cost across both GPUs and TPUs. These advantages help Citadel with modeling markets and training and enabled Wayfair to modernize its platform, improving performance and scalability by nearly 25%.

In Q4, we saw strong uptake of Trillium, our sixth generation TPU, which delivers four times better training performance and three times greater inference throughput compared to the previous generation. We also continue our strong relationship with NVIDIA. We recently delivered their H200 based platforms to customers. And just last week, we were the first to announce a customer running on the highly anticipated Blackwell platform. Our AI developer platform, Vertex AI, saw a 5x increase in customers year over year with brands like Mondelez International and WPP building new applications and benefiting from our 200 plus foundation models.

Alphabet (GOOGL) Q4 2024 Earnings Call Transcript

Company Participants