A Fortune 500 company is one of the 500 largest U.S. companies ranked annually by total revenue for their most recent fiscal year. This list is compiled and published by Fortune magazine and includes both publicly traded and privately held companies that are incorporated in the U.S. and disclose their financial data
. Key points about a Fortune 500 company:
- It must be a for-profit company operating in the United States.
- It must file financial statements with a U.S. government agency.
- It ranks among the top 500 U.S. companies by total revenue, which includes gross income before deductions.
- Being on the list signifies significant financial success, market influence, and prestige.
- The list covers a broad range of industries such as technology, healthcare, finance, and retail
In summary, a Fortune 500 company is recognized as one of the largest and most influential businesses in the U.S. based on revenue, making it a benchmark for corporate size and economic impact.
