As of November 19, 2024, with a market cap of $3,447 billion, Apple (NASDAQ: AAPL) topped the global ranking of the largest companies by market cap. It’s followed by NVIDIA CORPORATION ($3,438 billion) and Microsoft ($3,091 billion).
Which one is the biggest company in the world by market cap? Here’s a list of the top companies by market cap in 2024:
The World's Largest Companies by Market Cap, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) |
|---|---|---|
| 1 | APPLE INC. | $3,447 billion |
| 2 | NVIDIA CORPORATION | $3,438 billion |
| 3 | MICROSOFT CORPORATION | $3,091 billion |
| 4 | ALPHABET INC. | $2,209 billion |
| 5 | AMAZON.COM, INC. | $2,121 billion |
| 6 | ARAMCO | $1,792 billion |
| 7 | META PLATFORMS, INC. | $1,400 billion |
| 8 | TESLA, INC. | $1,087 billion |
| 9 | BERKSHIRE HATHAWAY INC. | $1,018 billion |
| 10 | TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY) | $817 billion |
| 11 | BROADCOM INC. | $774 billion |
| 12 | JPMORGAN CHASE & CO. | $690 billion |
| 13 | WALMART INC. | $676 billion |
| 14 | ELI LILLY AND COMPANY | $655 billion |
| 15 | VISA, INC. | $612 billion |
| 16 | UNITEDHEALTH GROUP INC. | $543 billion |
| 17 | EXXON MOBIL CORPORATION | $529 billion |
| 18 | ORACLE CORPORATION | $515 billion |
| 19 | MASTERCARD, INC. | $479 billion |
| 20 | TENCENT HOLDINGS LIMITED | $476 billion |
| 21 | NOVO NORDISK A/S | $443 billion |
| 22 | THE HOME DEPOT, INC. | $408 billion |
| 23 | COSTCO WHOLESALE CORPORATION | $407 billion |
| 24 | PROCTER & GAMBLE COMPANY | $402 billion |
| 25 | JOHNSON & JOHNSON | $373 billion |
| 26 | NETFLIX, INC. | $362 billion |
| 27 | BANK OF AMERICA CORPORATION | $358 billion |
| 28 | LVMH | $311 billion |
| 29 | SALESFORCE.COM, INC. | $308 billion |
| 30 | ABBVIE INC. | $294 billion |
Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).
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