
Good morning. The 2025 Fortune 500 checklist is out. The authoritative rating of America’s largest corporations highlights their resilience.
In this year’s 71st edition, solely 22 corporations from the earlier 12 months have been displaced—the second-lowest complete up to now 30 years. Fortune 500 earnings climbed 10% to a record $1.87 trillion over the previous 12 months. Revenues elevated by 6%, an enchancment from 4% progress the earlier 12 months. This 12 months, the businesses on the checklist signify $19.9 trillion in income and two-thirds of complete U.S. GDP.
For the thirteenth straight 12 months, Walmart earned the highest spot on the Fortune 500 checklist, producing greater than $7 trillion in cumulative income over that interval, adopted by Amazon, UnitedHealth Group, Apple, and CVS Health. A number of industries noticed even stronger income positive aspects, with aerospace and protection up 20%, wholesalers up 18%, and the tech sector rising 13%. You possibly can view the complete list here.
This 12 months, 55 girls are within the CEO function at Fortune 500 corporations—the very best share within the checklist’s historical past at 11%. The rise in illustration is essential to acknowledge and have fun; nevertheless, “the tempo of change stays stubbornly sluggish,” Jennifer McCollum, president and CEO of Catalyst, a office gender fairness group, advised Fortune in an interview.
CEOs and CFOs are strategic companions main these corporations. The function of finance chiefs has advanced far past conventional monetary stewardship and reporting. CFOs are actually anticipated to be operational leaders, enterprise companions, and key drivers of progress and innovation. This 12 months, there are 87 girls in CFO roles (17.4%) at Fortune 500 corporations, barely larger than 85 final 12 months. By comparability, in 2014, about 10.6% of CFO roles at these massive corporations have been held by girls.
Zooming in on the highest 100 corporations this 12 months, 19 of the CFOs are girls. For instance, Anat Ashkenazi has been the CFO of Alphabet (No. 7) since July 2024. Certainly one of her strategic priorities as finance chief of the $2 trillion firm is to combine AI inside its processes to spice up effectivity and productiveness, with value reductions serving to to fund AI innovation. Kathryn Mikells, SVP and CFO of Exxon Mobil (No. 8), joined Exxon Mobil in 2021. She is Exxon’s first official CFO; earlier than her appointment, finance duties have been shared throughout a variety of government roles.
Yanela Frias started her tenure as EVP and CFO of Prudential Financial (No. 62) in March 2024. Frias has been with the corporate for greater than 25 years. “From a task mannequin perspective, for my two daughters, for all the ladies that I work together with, my purpose is to indicate everybody that something is feasible,” Frias told me final 12 months. “There are not any limits aside from what you apply to your self.”
Meet the ladies CFOs main the highest 100 corporations within the Fortune 500:

Sheryl Estrada
sheryl.estrada@fortune.com
The brand new Fortune 500 rating is right here
In complete, Fortune 500 corporations signify two-thirds of U.S. GDP with $19.9 trillion in revenues, and so they make use of 31 million individuals worldwide. Final 12 months, they mixed to earn $1.87 trillion in earnings, up 10% from final 12 months—and a report in greenback phrases. View the full list, learn a longer overview of how it shook out this year, and be taught extra concerning the corporations by way of the tales beneath.
- A ardour for music introduced Jennifer Witz to the highest spot at satellite tv for pc radio staple SiriusXM. Now she’s tasked with ushering it into a brand new period dominated by podcasts and subscription providers. Read more
- IBM was as soon as the face of technological innovation, however the firm has struggled to maintain up with the pace of Silicon Valley. Can a daring AI technique and a fast-moving CEO change its trajectory? Read more
- This 12 months, Alphabet grew to become the primary firm on the Fortune 500 to surpass $100 billion in earnings. Take an inside have a look at which industries, and firms, earned essentially the most earnings on this 12 months’s checklist. Read more
- UnitedHealth Group abruptly introduced again former CEO Stephen Hemsley in mid-Could amid a wave of authorized investigations and intense inventory losses. How can the insurer get again on its ft? Read more
- Keurig Dr. Pepper CEO Tim Cofer has made Dr. Pepper cool once more and introduced a brand new technology of merchandise to the corporate. Now, the little-known business veteran has his eyes set on Coke-and-Pepsi ranges of profitability. Read more
- NRG Vitality is the top-performing inventory within the S&P 500 this 12 months, gaining 68% on the again of huge acquisitions and a guess on knowledge facilities. In his personal phrases, CEO Larry Coben explains the corporate’s success. Read more
This story was initially featured on Fortune.com