Most Profitable Companies In The World 2022

The list of the world’s most profitable companies reveals which countries have the greatest economic power and which industries have the greatest economic influence. The world’s two largest economies by far, the U.S. and China, are the headquarters of each of the 10 most profitable companies: half are based in the U.S., the other half in China. Equally important, half of the companies on the list are technology companies and the other half are financial companies.

Only companies listed either directly or through ADRs on U.S. or Canadian exchanges are included on this list. For example, Saudi Aramco, Saudi Arabia’s state-owned oil company, went public on the Saudi Stock Exchange in December 2019. The company would have been among the top ten most profitable companies in the world and even topped the list in previous years.

It is worth noting that four of the five technology companies on the list are from the U.S., with two of them taking the top two spots. The technology sector includes companies that manufacture computers and electronics, develop software and offer information technology services, such as cloud computing and e-commerce.

Four of the five financial companies on the list are based in China, with most of them receiving significant financial support from the Chinese central government. The financial sector consists of banks, investment companies, insurance companies, and real estate companies. These companies provide a range of financial services, including deposits, loans, investments and asset management, insurance, and brokerage services.

These are the 10 most profitable companies based on net income after 12 months (TTM). Some companies outside the U.S. report earnings semiannually rather than quarterly, so trailing 12-month data may be older than for companies that report quarterly. Data provided courtesy of YCharts.com.

1. Saudi Aramco

• Revenue: $172.5 billion
• Market Value: $2.4 trillion
• Total Assets: $574.7 trillion
• Listed Stock Exchange: TADAWUL

Saudi Aramco, officially the Saudi Arabian Oil Company (formerly the Arabian-American Oil Company), is a Saudi Arabian state-owned oil and gas company based in Dhahran. As of 2020, it is one of the largest companies in the world in terms of revenue. Saudi Aramco has both the world’s second-largest proven crude oil reserves (more than 270 billion barrels (43 billion cubic meters)) and the largest daily oil production of any oil-producing company. It has been the largest contributor to global carbon emissions since 1965. On May 11, 2022, Saudi Aramco became the largest (most valuable) company in the world by market capitalization, surpassing Apple Inc.

Total Profit: $105.42 Billion

2. Apple Inc.

• Revenue: $365.82 billion
• Market Value: $2.22 trillion
• Total Assets: $351 billion
• Listed Stock Exchange: NASDAQ

Apple Inc. is an American multinational technology company specializing in consumer electronics, software and online services, headquartered in Cupertino, California, United States. Apple is the largest technology company by revenue and the largest company in the world by market capitalization in June 2022, the fourth largest personal computer manufacturer by unit sales, and the second largest cell phone manufacturer. It is one of the Big Five U.S. information technology companies, along with Alphabet, Amazon, Meta and Microsoft.

Apple Inc Manufacturers Mobile Devices, Laptops, and Other Accessories and Also Offers Other Services Including Apple News+, Apple TV, Apple Musics, and Apple Arcade ( Cloud Gaming ). Apple Is Considered as One of The Best Technology Company in FANG Companies. Apple Makes More than 50% of revenue from its iPhone series and from subscription services including the app store Which Makes it one of the most profitable companies in the world

Total Profit: $94.68 Billion

3. Berkshire Hathaway Inc.

• Revenue: $276.09 billion
• Market Value: $583.60 billion
• Total Assets: $958.78 Billion
• Listed Stock Exchange: NASDAQ

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, Forest River, and NetJets, and also owns 38.6% of Pilot Flying J and significant minority holdings in public companies Kraft Heinz Company (26.7%), American Express (18.8%), The Coca-Cola Company (9.32%), Bank of America (11.9%), and Apple(6.3%).

Total Profit: $89.90 Billion

4. Alphabet Inc.

• Revenue: $257.64 billion
• Market Value: $1.28 trillion
• Total Assets: $359.7 Billion
• Listed StockExchange: NASDAQ

Alphabet is a holding company and the parent of Google Inc., its primary business. Google offers a range of Internet products, including Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome, and Google Play. Alphabet is Started By the Founders of Google to Diversify their business in all sectors which can be innovated by Technology. Google Earns Most of the Money from Advertising. Which Makes it one of the most profitable companies in the world

Total Profit: $76.03 Billion

5. Microsoft Corp.

• Revenue: $198.27 billion
• Market Value: $1.68 trillion
• Total Assets: $364.68 billion
• Listed Stock Exchange: NASDAQ

Microsoft Corporation is an American multinational technology corporation that manufactures computer software, consumer electronics, personal computers and related services. The company is headquartered at the Microsoft Redmond Campus in Redmond, Washington, USA. The company’s best-known software products are the Windows operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.

Its best-known hardware products are the Xbox video game consoles and the Microsoft Surface line of touchscreen computers. In the Fortune 500 ranking of the largest U.S. companies by total revenue, Microsoft ranked 21st in 2020; in 2019, the company was the world’s largest software company by revenue. The company joins Alphabet, Amazon, Apple and Meta among the Big Five U.S. information technology companies.

Total Profit: $72.74 Billion

6. Industrial And Commercial Bank Of China Ltd.

• Revenue: $103.4 billion
• Market Value: $218.57 trillion
• Total Assets: $498.6 billion
• Listed Stock Exchange: SHA

The Industrial and Commercial Bank of China provides business banking and financial services. Those services embody company and private loans, trade funding, deposit-taking, company and private wealth management, and guardian services. corporate additionally engages in investment activities for its own account or on behalf of shoppers, together with securities industry transactions, investment securities, exchange transactions, and therefore the holding of by-product positions. Which Makes it one of the most profitable companies in the world

Total Profit: $48.4 Billion

7. JPMorgan Chase & Co.

• Revenue: $130.90 billion
• Market Value: $304.31 billion
• Total Assets: $3.74 trillion
• Listed Stock Exchange: New York Stock Exchange

JPMorgan is a global financial holding company that provides banking and financial services. The bank is involved in a broad range of businesses such as corporate lending, investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and government and municipal entities. It also offers consumer banking and asset management services. Which Makes it one of the most profitable companies in the world

Total Profit: $48.33 Billion

8. China Construction Bank Corp.

• Revenue: $91.3 billion
• Market Value: $143.39  billion
• Total Assets: $421.1 Billion
• Listed Stock Exchange: SHA

China Construction Bank provides a wide range of financial services to corporate and individual customers, including corporate and personal loans, deposit-taking, wealth management, trade financing, financial consulting and advisory services, and remittance services. The bank also engages in investment activities such as inter-bank money market transactions, investments in debt securities, equities, as well as trading of derivatives and foreign currency. Which Makes it one of the most profitable companies in the world

Total Profit: $42.1 Billion

9. Facebook

• Revenue: $117.93 billion
• Market Value: $342.66 billion
• Total Assets: $165.99 Billion
• Listed Stock Exchange: NASDAQ

Facebook, Inc, is an American technology conglomerate based in Menlo Park, California. It was founded by Mark Zuckerberg, along with his fellow roommates and students at Harvard College, who were Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes, originally as TheFacebook.com—today’s Facebook, a popular global social networking service.

Total Profit: $39.37 Billion

10. Agriculture Bank Of China Ltd.

• Revenue: $77.38 billion
• Market Value: $136.6 billion
• Total Assets: $404.7 billion
• Listed Stock Exchange: SHA

Bank of China provides a broad range of banking and financial services to individuals, corporations, government authorities, and financial institutions. Its services include savings, deposits, lending, mortgages, credit and debit cards, trade-related products, and credit facilities. The bank also offers insurance, underwriting, stock brokerage, investment research, and asset management services. Which Makes it one of the most profitable companies in the world

Total Profit: $33.57 Billion

Conclusion 

There are two similarities in this World’s Top 10 Most profitable companies. One is all the companies in this list belong United States Of America and China, Second is Companies in this List Is Just under Two Sectors Companies which is Technology and Banking. Only These Sector Companies are listed in the Top 10 Positions.

Updated As On October 13, 2022.