Top 10 largest companies in the world, 2020

The 400 of the 1000 largest companies in the world are in America with a combined market value of 25.3 trillion dollars. So, which are the top 10 largest companies globally in 2020? The main ranking factor used is market capitalization.

1. Apple Inc.
   The company’s headquarters are in Cupertino, California. Apple, with a market capitalization of 1.172 trillion dollars recently announced financial results for its fiscal 2020 first quarter. The company posted quarterly revenue of 91.8 billion dollars, an increase of 9% from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of 4.99 dollars, up 19%, also an all-time record. International sales accounted for 61% of the quarter’s revenue.

   

2. Microsoft Corporation
   The computer tech company with a market capitalization of 1.101 trillion dollars produces, licenses, and supports dozens of software products and computing devices. Microsoft announced financial results for its fiscal 2020 first quarter as compared to the responding period of the last fiscal year. Revenue was 33.1 billion dollars and increased 14%, operating income was 12.7 billion dollars and increased 27%, net income was 10.7 billion dollars and increased 21% and diluted earnings per share was 1.38 dollars and increased 21%. Microsoft returned 7.9 billion dollars to shareholders in the form of dividends and share repurchases in the first quarter of the fiscal year 2020, an increase of 28% compared to the first quarter of the fiscal year 2019.

   

3. Alphabet Inc.
   The third biggest company in the world with a market capitalization of 902 billion dollars is Alphabet Inc. In 2019 Alphabet again delivered strong revenue growth, with revenues of 162 billion dollars, up 18% year over year. On capital returns, in the fourth quarter of 2019, the company  repurchased 6.1 billion dollars of shares, which was more than double the amount of repurchase in the fourth quarter of 2018. As of year end, the company had 21 billion dollars remaining in the program.
4. Amazon
   The company with a market capitalization of 887 billion dollars is based in Seattle. Net sales increased 21% to 87.4 billion dollars in the fourth quarter of 2019, compared with 72.4 billion dollars in the fourth quarter of 2018. Excluding the 120 million dollars unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 21% compared with fourth quarter 2018. Operating income increased to 3.9 billion dollars in the fourth quarter 2019, compared with operating income of 3.8 billion dollars in fourth quarter 2018. Net income increased to 3.3 billion dollars in the fourth quarter 2019, or 6.47 dollars per diluted share, compared with net income of 3.0 billion dollars, or 6.04 dollars per diluted share, in fourth quarter 2018. Net income in 2019 increased to 11.6 billion dollars, or 23.01 dollars per diluted share, compared with net income of 10.1 billion dollars, or 20.14 dollars per diluted share, in 2018.

   

5. Berkshire Hathaway Inc.
   Berkshire Hathaway, with a market capitalization of 545.7 billion dollars is based in Omaha, Nebraska. Berkshire earned 81.4 billion dollars in 2019 according to generally accepted accounting principles. The components of that figure are 24 billion dollars of operating earnings, 3.7 billion dollars of realized capital gains and a 53.7 billion dollars gain from an increase in the amount of net unrealized capital gains that exist in the stocks the company holds.
6. Facebook
   The company has a market capitalization of 543 billion dollars. Facebook beat Wall Street estimates in Q4 but slowing profit growth beat up the share price. Facebook reached 2.5 billion monthly users, up 2%, from 2.45 billion in Q3 2019 when it grew 1.65%, and it now has 1.66 billion daily active users, up 2.4% from 1.62 billion last quarter when it grew 2%. Facebook brought in 21.08 billion dollars in revenue, up 25% year-over-year, with 2.56 dollars in earnings per share. But net income was just 7.3 billion dollars, up only 7% year-over-year compared to 61% growth over 2018.
7. Alibaba Group
   The company has a market capitalization of 486 billion dollars. In the quarter ended 31 December 2019 revenue was 23,192 million dollars, an increase of 38% year-over-year. Annual active consumers reached 711 million, an increase of 18 million from the 12-month period ended September 30, 2019. Net income was 7,201 million dollars.
8. JPMorgan Chase & Co
   The company which has a market capitalization of 407.74 billion dollars was established by J. P. Morgan in 1871. Net revenue on a reported basis was 28.3 billion dollars, 29.3 billion dollars, and 26.1 billion dollars for the fourth quarter of 2019, third quarter of 2019, and fourth quarter of 2018, respectively.
9. Tencent Holdings Limited
   The company which is a Chinese multinational corporation established in 1998, has a market capitalization of 407.52 billion dollars. Total revenues for the fourth quarter of 2019 were 15,161 million dollars, an increase of 25% over the fourth quarter of 2018.
10. Visa Inc.
    The company has a market capitalization of 387.7 billion dollars. Visa is one of the biggest companies in the US and one of the most recognizable brands in the world. Net revenues in the fiscal first quarter of 2020 were 6.1 billion dollars, an increase of 10%, driven by continued growth in payments volume, cross-border volume, and processed transactions. Net revenues growth was over 11% on a constant-dollar basis. Payments volume for the three months ended 30th September 2019, on which fiscal first-quarter service revenues are recognized, grew 9% over the prior year on a constant-dollar basis. Total processed transactions, which represent transactions processed by Visa, for the three months ended December 31, 2019, were 37.8 billion, an 11% increase over the prior year.

    

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