CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Largest companies by operating income

Operating income is profit from the core business before interest and tax. It strips out financing decisions, so it compares operations rather than balance sheets. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 2135 · Fiscal year 2025 · Data as of September 25, 2026

Apple (AAPL) tops the list with $133B in operating income for fiscal 2025, ahead of NVIDIA ($130B) and Alphabet ($129B). The top 10 together report $928B in operating income; the gap between #1 and #10 is ×3.53. 2135 SEC filers report operating income; the list shows the top 100. The last place on the list, United Parcel Service, comes in at $7.9B.

Operating income
#CompanyOperating incomeYoY15-year trend
1AppleAAPLUSTechnology$133B+8.0%
2NVIDIANVDAUSTechnology$130B+60.1%
3AlphabetGOOGLUSTechnology$129B+14.8%
4MicrosoftMSFTUSTechnology$129B+17.4%
5Meta PlatformsMETAUSTechnology$83.3B+20.0%
6Berkshire HathawayBRK-BUSFinancials$82.5B−25.3%
7AmazonAMZNUSConsumer discretionary$80.0B+16.6%
8JPMorgan ChaseJPMUSFinancials$72.6B−3.3%
9TotalenergiesTTEFREnergy$50.6B+103.7%
10Bank of AmericaBACUSFinancials$37.7B+13.5%
11Johnson & JohnsonJNJUSHealthcare$32.6B+95.2%
12BarclaysBCSGBFinancials$31.1B+43.0%
13WalmartWMTUSConsumer discretionary$29.8B+1.6%
14Verizon CommunicationsVZUSCommunication services$29.3B+2.0%
15ING GroepINGNLFinancials$29.0B+27.1%
16Eli LillyLLYUSHealthcare$25.7B+102.9%
17BroadcomAVGOUSTechnology$25.5B+89.3%
18EquinorEQNRNOEnergy$25.4B−18.0%
19Wells FargoWFCUSFinancials$25.2B+7.9%
20AT&TTUSCommunication services$24.2B+26.8%
21VisaVUSTechnology$24.0B+1.7%
22Morgan StanleyMSUSFinancials$22.0B+24.8%
23Goldman SachsGSUSFinancials$21.9B+18.8%
24Barclays BankATMPGBFinancials$21.6B+35.6%
25MerckMRKUSHealthcare$21.1B+5.7%
26Home DepotHDUSConsumer discretionary$20.9B−3.0%
27ComcastCMCSAUSCommunication services$20.7B−11.3%
28OracleORCLUSTechnology$20.6B+16.6%
29Procter & GamblePGUSConsumer staples$20.5B+10.3%
30CitigroupCUSFinancials$19.8B+16.3%
31BHP GroupBHPAUMaterials$19.5B+11.0%
32Novo Nordisk A SNVODKHealthcare$19.3B+3.8%
33UnitedHealth GroupUNHUSHealthcare$19.0B−41.3%
34MastercardMAUSTechnology$18.9B+21.3%
35T-Mobile USTMUSUSCommunication services$18.3B+1.5%
36Federal National Mortgage Association Fannie MaeFNMAUSFinancials$18.0B−15.4%
37Walt DisneyDISUSCommunication services$17.6B+12.5%
38Mitsubishi Ufj FinancialMUFGJPFinancials$15.8B+52.9%
39Anheuser-Busch InBevBUDBEConsumer staples$15.4B−0.5%
40AbbVieABBVUSHealthcare$15.1B+65.0%
41Rio TintoRIOGBMaterials$14.9B−4.6%
42Philip Morris InternationalPMUSConsumer staples$14.9B+11.1%
43ProgressivePGRUSFinancials$14.2B+32.8%
44American ExpressAXPUSFinancials$13.8B+7.0%
45Coca ColaKOUSConsumer staples$13.8B+37.7%
46AstraZenecaAZNGBHealthcare$13.7B+37.4%
47Federal Home Loan MortgageFMCCUSFinancials$13.4B−9.6%
48NetflixNFLXUSCommunication services$13.3B+27.9%
49PDD HoldingsPDDIETechnology$13.3B−10.4%
50British American Tobacco P.L.CBTIGBConsumer staples$13.2B+276.9%
51AllstateALLUSFinancials$13.2B+128.4%
52ChubbCBCHFinancials$13.0B+13.9%
53Charter CommunicationsCHTRUSCommunication services$12.9B−1.6%
54ASML HoldingASMLNLIndustrials$12.8B+30.8%
55ConocoPhillipsCOPUSEnergy$12.7B−7.4%
56BPBPGBEnergy$12.6B+11.9%
57McDonald'sMCDUSConsumer discretionary$12.4B+5.8%
58QualcommQCOMUSTechnology$12.4B+22.7%
59Cisco SystemsCSCOUSTechnology$11.8B−3.5%
60PepsiCoPEPUSConsumer staples$11.5B−10.8%
61Schwab CharlesSCHWUSFinancials$11.5B+49.0%
62NewmontNEMUSMaterials$11.3B+147.8%
63Mizuho FinancialMFGJPFinancials$11.3B+124.6%
64CaterpillarCATUSIndustrials$11.2B−14.7%
65SAPSAPDETechnology$10.9B+115.2%
66GSKGSKGBHealthcare$10.5B+103.5%
67Costco WholesaleCOSTUSConsumer discretionary$10.4B+11.8%
68International Business MachinesIBMUSTechnology$10.3B+78.2%
69AccentureACNIETechnology$10.2B+6.6%
70UnileverULGBConsumer staples$10.2B+6.9%
71Lowe's CompaniesLOWUSConsumer discretionary$10.2B−3.0%
72Gilead SciencesGILDUSHealthcare$10.0B+503.0%
73HDFC BankHDBINFinancials$10.0B−0.8%
74General ElectricGEUSTechnology$10.0B+31.2%
75Altria GroupMOUSConsumer staples$9.9B−11.9%
76Union PacificUNPUSIndustrials$9.8B+1.4%
77HCA HealthcareHCAUSHealthcare$9.8B+15.4%
78Micron TechnologyMUUSTechnology$9.8B+649.2%
79US BancorpUSBUSFinancials$9.5B+20.3%
80Bristol Myers SquibbBMYUSHealthcare$9.3B+$17.7B
81RTXRTXUSIndustrials$9.3B+42.2%
82Cigna GroupCIUSHealthcare$9.2B−2.3%
83Cheniere EnergyLNGUSUtilities$9.1B+48.7%
84AmgenAMGNUSHealthcare$9.1B+25.1%
85DeereDEUSIndustrials$9.0B−30.2%
86Energy TransferETUSUtilities$9.0B−1.2%
87LindeLINGBMaterials$8.9B+3.3%
88Booking HoldingsBKNGUSIndustrials$8.8B+16.8%
89AdobeADBEUSTechnology$8.7B+29.1%
90Duke EnergyDUKUSUtilities$8.6B+8.8%
91PNC Financial ServicesPNCUSFinancials$8.5B+17.2%
92SalesforceCRMUSTechnology$8.3B+15.6%
93Marathon PetroleumMPCUSEnergy$8.3B+22.0%
94Applied MaterialsAMATUSTechnology$8.3B+5.4%
95NextEra EnergyNEEUSUtilities$8.3B+10.7%
96Lam ResearchLRCXUSIndustrials$8.2B+39.0%
97Dell TechnologiesDELLUSTechnology$8.1B+30.7%
98Honeywell InternationalHONUSIndustrials$8.1B+6.0%
99Abbott LaboratoriesABTUSHealthcare$8.1B+18.0%
100United Parcel ServiceUPSUSIndustrials$7.9B−7.1%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Largest companies by operating income |url=https://companiesranked.com/en/largest-companies-by-operating-income |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Largest companies by operating income. CompaniesRanked. https://companiesranked.com/en/largest-companies-by-operating-income

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@misc{companiesranked-en-largest-companies-by-operating-income-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest companies by operating income}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-companies-by-operating-income}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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