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USA Today: Apple, Facebook, Microsoft, Netflix Are Big Movers on 'Fortune 500'

Image: USA Today: Apple, Facebook, Microsoft, Netflix Are Big Movers on 'Fortune 500'

Tuesday, 07 Jun 2016 01:42 PM


Walmart tops the famed Fortune 500 list  for the fourth consecutive year.

Rounding out the top 10 in the 62nd annual rankings, based on total revenues for their fiscal years: ExxonMobil, Apple, Berkshire Hathaway, McKesson, UnitedHealth Group, CVS Health, General Motors, Ford Motor and AT&T.

"Apple, which was the most profitable company on the list, with $53 billion in profits, was among companies making big moves this year, jumping to No. 3 from No. 5 last year," USA Today explained.

"Other movers in the top 25 included Amazon.com (No. 18) and Walgreens (No. 19), which moved into the top 20 from No. 29 and No. 35 last year. And Microsoft (No. 25) made the top 25 for the first time, up from No. 31 last year,"

“The Fortune 500 emerged a bit battered from events of the past year,” Fortune Editor Alan Murray wrote about this year’s selection. “The poor performance of energy companies, in particular, took its toll, as did the flight from public markets by companies like Safeway and PetSmart…. But the list remains the benchmark of business success.”

This year’s Fortune 500 marks the 62nd running of the list. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $12 trillion in revenues, $840 billion in profits, $17 trillion in market value, and employ 27.9 million people worldwide.


THE TOP 10           ANNUAL REVENUE ($MILLIONS)
  • Walmart                                 $482,130
  • Exxon Mobil                         $246,204
  • Apple                                     $233,715
  • Berkshire Hathaway             $210,821
  • McKesson                             $181,241
  • UnitedHealth Group             $157,107
  • CVS Health                           $153,290
  • General Motors                     $152,356
  • Ford Motor                            $149,558
  • AT&T                                     $146,801
(Newsmax wire services contributed to this report).

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Walmart's the top dog on the Fortune 500 list for the fourth consecutive year, the magazine revealed Monday in its 2016 rankings.
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2016-42-07
Tuesday, 07 Jun 2016 01:42 PM
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