CompaniesRanked

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

Largest companies in the United States 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 1785 · 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 $910B in operating income; the gap between #1 and #10 is ×4.08. 1785 companies in the United States report operating income, 83.6% of the 2135-filer universe. The last place on the list, MPLX, comes in at $5.9B.

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%
9Bank of AmericaBACUSFinancials$37.7B+13.5%
10Johnson & JohnsonJNJUSHealthcare$32.6B+95.2%
11WalmartWMTUSConsumer discretionary$29.8B+1.6%
12Verizon CommunicationsVZUSCommunication services$29.3B+2.0%
13Eli LillyLLYUSHealthcare$25.7B+102.9%
14BroadcomAVGOUSTechnology$25.5B+89.3%
15Wells FargoWFCUSFinancials$25.2B+7.9%
16AT&TTUSCommunication services$24.2B+26.8%
17VisaVUSTechnology$24.0B+1.7%
18Morgan StanleyMSUSFinancials$22.0B+24.8%
19Goldman SachsGSUSFinancials$21.9B+18.8%
20MerckMRKUSHealthcare$21.1B+5.7%
21Home DepotHDUSConsumer discretionary$20.9B−3.0%
22ComcastCMCSAUSCommunication services$20.7B−11.3%
23OracleORCLUSTechnology$20.6B+16.6%
24Procter & GamblePGUSConsumer staples$20.5B+10.3%
25CitigroupCUSFinancials$19.8B+16.3%
26UnitedHealth GroupUNHUSHealthcare$19.0B−41.3%
27MastercardMAUSTechnology$18.9B+21.3%
28T-Mobile USTMUSUSCommunication services$18.3B+1.5%
29Federal National Mortgage Association Fannie MaeFNMAUSFinancials$18.0B−15.4%
30Walt DisneyDISUSCommunication services$17.6B+12.5%
31AbbVieABBVUSHealthcare$15.1B+65.0%
32Philip Morris InternationalPMUSConsumer staples$14.9B+11.1%
33ProgressivePGRUSFinancials$14.2B+32.8%
34American ExpressAXPUSFinancials$13.8B+7.0%
35Coca ColaKOUSConsumer staples$13.8B+37.7%
36Federal Home Loan MortgageFMCCUSFinancials$13.4B−9.6%
37NetflixNFLXUSCommunication services$13.3B+27.9%
38AllstateALLUSFinancials$13.2B+128.4%
39Charter CommunicationsCHTRUSCommunication services$12.9B−1.6%
40ConocoPhillipsCOPUSEnergy$12.7B−7.4%
41McDonald'sMCDUSConsumer discretionary$12.4B+5.8%
42QualcommQCOMUSTechnology$12.4B+22.7%
43Cisco SystemsCSCOUSTechnology$11.8B−3.5%
44PepsiCoPEPUSConsumer staples$11.5B−10.8%
45Schwab CharlesSCHWUSFinancials$11.5B+49.0%
46NewmontNEMUSMaterials$11.3B+147.8%
47CaterpillarCATUSIndustrials$11.2B−14.7%
48Costco WholesaleCOSTUSConsumer discretionary$10.4B+11.8%
49International Business MachinesIBMUSTechnology$10.3B+78.2%
50Lowe's CompaniesLOWUSConsumer discretionary$10.2B−3.0%
51Gilead SciencesGILDUSHealthcare$10.0B+503.0%
52General ElectricGEUSTechnology$10.0B+31.2%
53Altria GroupMOUSConsumer staples$9.9B−11.9%
54Union PacificUNPUSIndustrials$9.8B+1.4%
55HCA HealthcareHCAUSHealthcare$9.8B+15.4%
56Micron TechnologyMUUSTechnology$9.8B+649.2%
57US BancorpUSBUSFinancials$9.5B+20.3%
58Bristol Myers SquibbBMYUSHealthcare$9.3B+$17.7B
59RTXRTXUSIndustrials$9.3B+42.2%
60Cigna GroupCIUSHealthcare$9.2B−2.3%
61Cheniere EnergyLNGUSUtilities$9.1B+48.7%
62AmgenAMGNUSHealthcare$9.1B+25.1%
63DeereDEUSIndustrials$9.0B−30.2%
64Energy TransferETUSUtilities$9.0B−1.2%
65Booking HoldingsBKNGUSIndustrials$8.8B+16.8%
66AdobeADBEUSTechnology$8.7B+29.1%
67Duke EnergyDUKUSUtilities$8.6B+8.8%
68PNC Financial ServicesPNCUSFinancials$8.5B+17.2%
69SalesforceCRMUSTechnology$8.3B+15.6%
70Marathon PetroleumMPCUSEnergy$8.3B+22.0%
71Applied MaterialsAMATUSTechnology$8.3B+5.4%
72NextEra EnergyNEEUSUtilities$8.3B+10.7%
73Lam ResearchLRCXUSIndustrials$8.2B+39.0%
74Dell TechnologiesDELLUSTechnology$8.1B+30.7%
75Honeywell InternationalHONUSIndustrials$8.1B+6.0%
76Abbott LaboratoriesABTUSHealthcare$8.1B+18.0%
77United Parcel ServiceUPSUSIndustrials$7.9B−7.1%
78Travelers CompaniesTRVUSFinancials$7.8B+26.1%
79Thermo Fisher ScientificTMOUSTechnology$7.7B+5.6%
80Lockheed MartinLMTUSIndustrials$7.7B+10.2%
81PfizerPFEUSHealthcare$7.5B−6.3%
82TJX CompaniesTJXUSConsumer discretionary$7.3B+12.6%
83SouthernSOUSUtilities$7.3B+3.1%
84Enterprise Products PartnersEPDUSUtilities$7.3B−1.0%
85Elevance HealthELVUSHealthcare$7.2B−8.4%
86BlackstoneBXUSFinancials$7.2B+11.0%
87KKRKKRUSFinancials$7.1B+21.1%
88Edison InternationalEIXUSUtilities$7.1B+142.1%
89BlackRockBLKUSFinancials$7.0B−7.0%
90Southern CopperSCCOUSMaterials$7.0B+26.1%
91Apollo Global ManagementAPOUSFinancials$6.7B−10.2%
92Freeport-McmoranFCXUSMaterials$6.5B−5.0%
93S&P GlobalSPGIUSIndustrials$6.5B+16.1%
94Eog ResourcesEOGUSEnergy$6.4B−21.0%
95Marsh & Mclennan CompaniesMRSHUSFinancials$6.2B+7.0%
96McKessonMCKUSHealthcare$6.2B+40.5%
97MetLifeMETUSFinancials$6.1B+2.4%
98PayPal HoldingsPYPLUSTechnology$6.1B+13.9%
99Texas InstrumentsTXNUSTechnology$6.0B+10.2%
100MPLXMPLXUSEnergy$5.9B+12.4%

All figures from SEC filings · FY2025 · 100

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

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CompaniesRanked. (September 25, 2026). Largest companies in the United States by operating income. CompaniesRanked. https://companiesranked.com/en/largest-companies-in-the-united-states-by-operating-income

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

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