Huawei Investment & Holding

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

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

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

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

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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The U.S. dealt Huawei a potentially existential blow in August 2020, when it announced sanctions that would sever the telecom giant and smartphone maker’s access to the critical semiconductor chips it uses in all its devices. The measure cost Huawei its once-dominant position in China’s smartphone market, cutting its Chinese phone sales in half in the first quarter of 2021 compared with the same period in 2020. In total, losses in Huawei’s consumer business led to a 16.5% decline in the company’s year-over-year revenue in the first quarter of 2021. But Huawei is far from dead and has forged ahead using existing stockpiles and by sourcing some chips from Chinese firms. In June, Huawei launched its own operating system, HarmonyOS, to compete with Google’s Android and Apple’s iOS, as well as a series of new phones, tablets, and smartwatches powered by the software. Huawei has endured additional setbacks as countries like the U.K. have omitted the firm’s technology from their 5G networks over national security concerns. Still, the firm continues to build out China’s massive 5G network and is beginning to roll out its equipment in Africa.

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

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Telecommunications giant Huawei leapt from 72nd to 49th place on this year’s Global 500 ranking, breaking into the top 50 for the first time. Huawei’s net profit rose 5.6% in 2019, and revenue grew a further 13.1% year-on-year in the first half of 2020, despite the company’s persistent geopolitical entanglements. U.K. Prime Minister Boris Johnson dropped Huawei as a supplier for the U.K.’s 5G network in July 2020, and the company is all but shut out of the U.S. market, where it is the subject of ongoing government sanctions over national security concerns. Huawei remains the second-biggest smartphone seller in the world by volume, thanks in large part to its growing dominance in China, where it had a 41% market share in the first quarter of 2020.

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

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

World's Most Admired Companies

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

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.

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. 

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