Good morning. The 2025 Fortune 500 record is out. The authoritative rating of America’s largest corporations highlights their resilience.
In this yr’s 71st version, solely 22 corporations from the earlier yr had been displaced—the second-lowest complete up to now 30 years. Fortune 500 income climbed 10% to a report $1.87 trillion over the previous yr. Revenues elevated by 6%, an enchancment from 4% progress the earlier yr. This yr, the businesses on the record characterize $19.9 trillion in income and two-thirds of complete U.S. GDP.
For the thirteenth straight yr, Walmart earned the highest spot on the Fortune 500 record, producing greater than $7 trillion in cumulative income over that interval, adopted by Amazon, UnitedHealth Group, Apple, and CVS Well being. A number of industries noticed even stronger income beneficial properties, with aerospace and protection up 20%, wholesalers up 18%, and the tech sector rising 13%. You’ll be able to view the whole record right here.
This yr, 55 girls are within the CEO position at Fortune 500 corporations—the very best share within the record’s historical past at 11%. The rise in illustration is vital to acknowledge and have a good time; nevertheless, “the tempo of change stays stubbornly gradual,” Jennifer McCollum, president and CEO of Catalyst, a office gender fairness group, informed Fortune in an interview.
CEOs and CFOs are strategic companions main these corporations. The position of finance chiefs has developed far past conventional monetary stewardship and reporting. CFOs at the moment are anticipated to be operational leaders, enterprise companions, and key drivers of progress and innovation. This yr, there are 87 girls in CFO roles (17.4%) at Fortune 500 corporations, barely larger than 85 final yr. By comparability, in 2014, about 10.6% of CFO roles at these giant corporations had been held by girls.
Zooming in on the highest 100 corporations this yr, 19 of the CFOs are girls. For instance, Anat Ashkenazi has been the CFO of Alphabet (No. 7) since July 2024. Certainly one of her strategic priorities as finance chief of the $2 trillion firm is to combine AI inside its processes to spice up effectivity and productiveness, with value reductions serving to to fund AI innovation. Kathryn Mikells, SVP and CFO of Exxon Mobil (No. 8), joined Exxon Mobil in 2021. She is Exxon’s first official CFO; earlier than her appointment, finance duties had been shared throughout a spread of govt roles.
Yanela Frias started her tenure as EVP and CFO of Prudential Monetary (No. 62) in March 2024. Frias has been with the corporate for greater than 25 years. “From a job mannequin perspective, for my two daughters, for all the ladies that I work together with, my aim is to point out everybody that something is feasible,” Frias informed me final yr. “There are not any limits apart from what you apply to your self.”
Meet the ladies CFOs main the highest 100 corporations within the Fortune 500:
Sheryl Estrada
sheryl.estrada@fortune.com
The brand new Fortune 500 rating is right here
In complete, Fortune 500 corporations characterize two-thirds of U.S. GDP with $19.9 trillion in revenues, they usually make use of 31 million folks worldwide. Final yr, they mixed to earn $1.87 trillion in income, up 10% from final yr—and a report in greenback phrases. View the total record, learn an extended overview of the way it shook out this yr, and study extra concerning the corporations through the tales under.
- A ardour for music introduced Jennifer Witz to the highest spot at satellite tv for pc radio staple SiriusXM. Now she’s tasked with ushering it into a brand new period dominated by podcasts and subscription providers. Learn extra
- IBM was as soon as the face of technological innovation, however the firm has struggled to maintain up with the pace of Silicon Valley. Can a daring AI technique and a fast-moving CEO change its trajectory? Learn extra
- This yr, Alphabet grew to become the primary firm on the Fortune 500 to surpass $100 billion in income. Take an inside take a look at which industries, and firms, earned essentially the most income on this yr’s record. Learn extra
- UnitedHealth Group abruptly introduced again former CEO Stephen Hemsley in mid-Might amid a wave of authorized investigations and intense inventory losses. How can the insurer get again on its toes? Learn extra
- Keurig Dr. Pepper CEO Tim Cofer has made Dr. Pepper cool once more and introduced a brand new technology of merchandise to the corporate. Now, the little-known business veteran has his eyes set on Coke-and-Pepsi ranges of profitability. Learn extra
- NRG Vitality is the top-performing inventory within the S&P 500 this yr, gaining 68% on the again of massive acquisitions and a wager on knowledge facilities. In his personal phrases, CEO Larry Coben explains the corporate’s success. Learn extra
This story was initially featured on Fortune.com
