As of March 8, 2024, with a market cap of $2992 billion, Microsoft (NASDAQ: MSFT) topped the global ranking of the largest companies by market cap. It’s followed by Apple (NASDAQ: AAPL) ($2627 billion ), Nvidia Corporation ($2116 billion), State oil giant Saudi Arabian Oil Company ($2041 billion), and AMAZON ($1809 billion ). Seven of the largest companies have a market cap of at least $1 trillion. Only four non-U.S. companies are in the top 20: Saudi Arabian Oil of Saudi Arabia, Taiwan Semiconductor Manufacturing of Taiwan, Novo Nordisk of Denmark, and LVMH of France.
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) | CEO |
|---|---|---|---|
| 1 | MICROSOFT CORPORATION | $2,992 billion | Satya Nadella |
| 2 | APPLE INC. | $2,627 billion | Timothy D. Cook |
| 3 | NVIDIA CORPORATION | $2,116 billion | Jen-Hsun Huang |
| 4 | SAUDI ARABIAN OIL COMPANY | $2,041 billion | Amin H. Nasser |
| 5 | AMAZON.COM, INC. | $1,809 billion | Andrew R. Jassy |
| 6 | ALPHABET INC. | $1,656 billion | Sundar Pichai |
| 7 | META PLATFORMS, INC. | $1,250 billion | Mark Elliot Zuckerberg |
| 8 | BERKSHIRE HATHAWAY INC. | $868 billion | Warren E. Buffett |
| 9 | ELI LILLY AND COMPANY | $700 billion | David A. Ricks |
| 10 | BROADCOM INC. | $622 billion | Hock E. Tan |
| 11 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | $599 billion | C. C. Wei |
| 12 | TESLA, INC. | $576 billion | Elon R. Musk |
| 13 | VISA, INC. | $561 billion | Ryan M. McInerney |
| 14 | NOVO NORDISK A/S | $556 billion | Lars Fruergaard Jorgensen |
| 15 | JPMORGAN CHASE & CO. | $543 billion | James Dimon |
| 16 | WALMART INC. | $483 billion | C. Douglas McMillon |
| 17 | LVMH | $450 billion | Bernard Arnault |
| 18 | UNITEDHEALTH GROUP INC. | $436 billion | Andrew Philip Witty |
| 19 | MASTERCARD, INC. | $436 billion | Michael Miebach |
| 20 | EXXON MOBIL CORPORATION | $419 billion | Darren W. Woods |
| 21 | JOHNSON & JOHNSON | $385 billion | Joseph J. Wolk CPA |
| 22 | ASML HOLDING N.V. | $384 billion | Peter T. F. M. Wennink |
| 23 | VANGUARD US TOTAL MARKET SHARES INDEX ETF | $379 billion | Mortimer (Tim) Buckley |
| 24 | THE HOME DEPOT, INC. | $377 billion | Edward P. Decker |
| 25 | PROCTER & GAMBLE COMPANY | $375 billion | Jon R. Moeller |
| 26 | THE COCA-COLA COMPANY | $257 billion | James Quincey |
| 27 | L'ORÉAL | $255 billion | Nicolas Hieronimus |
| 28 | INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | $249 billion | Lin Liao |
| 29 | ADOBE INC. | $247 billion | Shantanu Narayen |
| 30 | INTERNATIONAL HOLDING COMPANY | $239 billion | Syed Basar Shueb |
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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