The World’s Most Profitable Companies (By Net Income)

The landscape of global economic prowess is delineated by the prowess of corporations.

Delving into the list of the world’s most profitable companies not only offers a peek into economic dominance but also sheds light on sectors wielding immense influence.

This rundown presents a portrait of which nations command substantial economic power and which industries hold the reins of financial might.

Unsurprisingly, the lion’s share of these ten behemoths rests within the borders of the two most colossal economies worldwide—the United States and China, with only one outlier.

This elite list is an amalgamation of financial service juggernauts alongside technology and energy giants.

This elite list, curated based on 12-month trailing (TTM) net income data from TradingView, reveals the financial clout and market dominance of these corporate titans.

The financial snapshot was current as of June 30, 2023, with market caps and one-year trailing returns sourced up to October 16, 2023.

➤ Top 10 Most Profitable Companies

1️⃣ Apple Inc. (AAPL)

• TTM Net Income: $94.76 billion
• TTM Revenue: $383.93 billion
• Market Cap: $2.79 trillion
• Trailing Total Return: 23.84%

Leading the pack, Apple stands as a vanguard in designing and manufacturing mobile devices, personal computers, and digital music players, complemented by an array of software, services, and digital content.

2️⃣ Microsoft Corp. (MSFT)

• TTM Net Income: $72.36 billion
• TTM Revenue: $211.91 billion
• Market Cap: $2.47 trillion
• Trailing Total Return: 41.22%

Microsoft‘s realm extends to software, devices, and cloud-based solutions through its diversified product portfolio and Azure cloud-computing platform.

3️⃣ Alphabet Inc. (GOOGL)

• TTM Net Income: $60.95 billion
• TTM Revenue: $288.14 billion
• Market Cap: $1.76 trillionTrailing
• Total Return: 40.23%

As the parent company of Google, Alphabet thrives on a multitude of internet products, advertising, cloud computing, and hardware, including smart-home products via Nest and advancements in autonomous-driving technology with Waymo.

4️⃣ Industrial and Commercial Bank of China Ltd. (IDCBY)

• TTM Net Income: $52.15 billion
• TTM Revenue: $219.70 billion
• Market Cap: $223.02 billion
• Trailing Total Return: 7.03%

Focused on commercial banking and financial services, ICBC serves a spectrum from corporate and personal loans to investment activities.

5️⃣ ExxonMobil Corp (XOM)

• TTM Net Income: $51.72 billion
• TTM Revenue: $360.95 billion
• Market Cap: $435.72 billion
• Trailing Total Return: 9.34%

The energy stalwart operates as the world’s largest refiner of petroleum products, spanning fuel distribution, lubricants, and chemical production globally.

6️⃣ JPMorgan Chase & Co. (JPM)

• TTM Net Income (as of Sept. 2023): $50.96 billion
• TTM Revenue (as of Sept. 2023): $226.47 billion
• Market Cap: $429.66 billion
• Trailing Total Return: 28.45%

JPMorgan functions as a global financial holding company offering an array of services spanning corporate lending, investment banking, and consumer banking.

7️⃣ China Construction Bank Corp. (CICHY)

• TTM Net Income: $47.42 billion
• TTM Revenue: $198.98 billion
• Market Cap: $151.01 billion
• Trailing Total Return: 9.13%

CCB delivers an extensive gamut of financial services to both corporate and individual customers, including loans, deposit-taking, wealth management, and trade financing.

8️⃣ Agricultural Bank of China Ltd. (ACGBY)

• TTM Net Income: $37.91 billion
• TTM Revenue: $188.24 billion
• Market Cap: $173.87 billion
• Trailing Total Return: 27.70%

ABC engages in international commercial banking, catering financial products and services to individuals, corporations, and governmental entities.

9️⃣ Bank of China Ltd. (BACHY)

• TTM Net Income: $32.72 billion
• TTM Revenue: $162.17 billion
• Market Cap: $145.38 billion
• Trailing Total Return: 11.66%

BoC offers an extensive suite of banking and financial services, encompassing savings, lending, credit facilities, and investment services for a diverse clientele.

🔟 Shell PLC (SHEL)

• TTM Net Income: $29 billion
• TTM Revenue: $339.60 billion
• Market Cap: $225.62 billion
• Trailing Total Return: 32.83%

Shell operates as an international energy company involved in oil and gas exploration, production, and distribution, along with diverse petrochemical products.

➤ FAQ

What Is the Most Profitable Company in the World?

The most profitable company globally is Saudi Arabian Oil Co., commonly known as Saudi Aramco. As of June 2023, the company boasted a staggering trailing 12-month (TTM) net income of $507.76 billion.

Saudi Aramco’s dominance in profitability is a result of Saudi Arabia’s extensive oil reserves, propelling it to the forefront of financial supremacy.

Which Companies Have More than $1 Trillion in Revenue?

Currently, there are no companies surpassing the $1 trillion revenue mark. In fact, none even come close to this colossal figure. As of 2023, Walmart claims the highest revenue, recording $630.7 billion in earnings.

What Is the Largest Company?

Apple secures the title of the largest company based on market capitalization, standing at an impressive $2.79 trillion as of October 16, 2023. This valuation underscores Apple’s monumental market presence and financial strength.

➤ Final Thoughts

The compilation of the world’s top 10 most profitable companies forms a dynamic amalgamation of technology, energy, and financial sectors.

These companies, predominantly headquartered in the U.S. and China, with a solitary representative from the U.K., hold pivotal positions in global society. Their products and services resonate with billions worldwide, illustrating their profound impact on everyday life.

This elite league of enterprises not only defines economic landscapes but also shapes societal norms, standing as pillars of innovation and influence across the globe.

🔥 Daily Inspiration 🔥

The quickest way to double your money is to fold it in half and put it in your back pocket.

— Will Rogers