Australia's largest companies are concentrated in mining, banking, retail and energy. In the Forbes Global 2000 for 2026, 32 Australian companies qualified, the same number as in 2025, and Commonwealth Bank was the highest-ranked at 74th.
This list ranks the 25 largest of those companies by revenue. BHP leads with US$54.0bn, followed by Woolworths Group at US$45.3bn and the four major banks, Commonwealth Bank, ANZ, National Australia Bank and Westpac, each with more than US$37bn.
Mining and energy are represented by nine companies in the full Forbes list, including BHP, Fortescue, Woodside Energy and Santos.
Contents
- Sector composition
- Revenue, profit and market value
- Methodology
- The list
- Comparison table
- Frequently asked questions
- See also
Sector composition
Of the 25 companies in this list, five are banks or bank-like financial groups (the four majors and Macquarie), three are general insurers (QBE, Insurance Australia Group and Suncorp), and four are retailers or retail-linked distributors (Woolworths, Wesfarmers, Coles and Sigma Healthcare). Resources and energy account for seven: BHP, Fortescue, Woodside, Santos, Northern Star and the fuel refiners and marketers Ampol and Viva Energy, alongside Origin Energy's energy retail and LNG business.
Several large companies with Australian origins are not counted here because Forbes assigns them to another country. Forbes Australia notes that Atlassian is still counted as a US company following its 2022 redomiciliation; Rio Tinto is listed by Forbes under the United Kingdom.
Revenue, profit and market value
Revenue figures for banks and insurers are made up differently from the sales of retailers or miners and are not directly comparable with them. The banks' scale shows more clearly in assets: Commonwealth Bank held US$939.4bn in the Forbes data, against US$116.0bn for BHP.
By market value BHP (US$219.8bn) and Commonwealth Bank (US$190.7bn) are far ahead of every other Australian company in the Forbes list; the next largest are Westpac (US$87.6bn) and National Australia Bank (US$80.0bn).
Methodology
Companies are ranked strictly by the revenue Forbes publishes for each company in the Forbes Global 2000 for 2026, in US dollars, among the 32 companies that Forbes assigns to Australia. The 2026 Global 2000 was published on 24 June 2026 and ranks the world's largest publicly listed companies on sales, profits, assets and market value.
Because the source covers only publicly listed companies, large private companies, government-owned enterprises and Australian subsidiaries of foreign groups are not included. Companies are attributed to countries as Forbes attributes them. Figures are as published by Forbes, which does not state on its list page the reporting period behind each company's figures.
The list
1
Mining (iron ore, copper, coal)
Best for: Mining (iron ore, copper, coal)
BHP is the largest Australian company by revenue, at US$54.0bn in the Forbes Global 2000 for 2026, with profit of US$10.2bn and a market value of US$219.8bn, also the highest of any Australian company. The Melbourne-based miner reports through copper, iron ore and coal segments; Forbes records its founding on 13 August 1885. It ranked 118th in the overall Global 2000.
- Revenue (Forbes 2026)
- US$54.0bn
- Industry
- Mining (iron ore, copper, coal)
- Profit (Forbes 2026)
- US$10.2bn
- Market value (Forbes 2026)
- US$219.8bn
- Headquarters
- Melbourne, Australia
- Forbes Global 2000 rank (2026)
- 118
- Employees
- 91,304
2
Supermarkets and general merchandise
Best for: Supermarkets and general merchandise
Woolworths Group reported revenue of US$45.3bn in the Forbes 2026 data, the highest of any Australian retailer, but profit of only US$385.6m. The Sydney-based group operates supermarkets and general merchandise stores, including Big W, in Australia and New Zealand. It says it serves about 24 million customers each week and has more than 190,000 team members, and dates its history to 1924.
- Revenue (Forbes 2026)
- US$45.3bn
- Industry
- Supermarkets and general merchandise
- Profit (Forbes 2026)
- US$386m
- Market value (Forbes 2026)
- US$28.8bn
- Headquarters
- Sydney, Australia
- Forbes Global 2000 rank (2026)
- 920
- Employees
- 202,000
Commonwealth Bank is the highest-ranked Australian company in the Forbes Global 2000 for 2026, at 74th, because of its combination of profit, assets and market value. Forbes records revenue of US$44.9bn, profit of US$6.7bn, assets of US$939.4bn and a market value of US$190.7bn. The bank was established under a federal act in 1911 and says it has 15.9 million customers.
- Revenue (Forbes 2026)
- US$44.9bn
- Industry
- Banking
- Profit (Forbes 2026)
- US$6.7bn
- Market value (Forbes 2026)
- US$190.7bn
- Headquarters
- Sydney, Australia
- Forbes Global 2000 rank (2026)
- 74
- Employees
- 51,346
4
Best for: Banking
ANZ Group Holdings, the non-operating holding company of the ANZ banking group, reported revenue of US$43.3bn and profit of US$3.9bn in the Forbes 2026 data. Headquartered in Docklands according to Forbes, it reports through Australia Retail, Australia Commercial, Institutional, New Zealand and Pacific segments.
- Revenue (Forbes 2026)
- US$43.3bn
- Industry
- Banking
- Profit (Forbes 2026)
- US$3.9bn
- Market value (Forbes 2026)
- US$75.9bn
- Headquarters
- Docklands, Australia
- Forbes Global 2000 rank (2026)
- 152
- Employees
- 42,698
5
Best for: Banking
National Australia Bank reported revenue of US$38.2bn and profit of US$4.0bn in the Forbes 2026 data, with assets of US$782.6bn. The Melbourne-based bank was founded on 4 October 1858 according to Forbes.
- Revenue (Forbes 2026)
- US$38.2bn
- Industry
- Banking
- Profit (Forbes 2026)
- US$4.0bn
- Market value (Forbes 2026)
- US$80.0bn
- Headquarters
- Melbourne, Australia
- Forbes Global 2000 rank (2026)
- 156
- Employees
- 41,880
Westpac reported revenue of US$37.5bn and profit of US$4.6bn in the Forbes 2026 data; its profit was the second-highest among the four major banks after Commonwealth Bank. Forbes dates the Sydney-based bank to 1817, the earliest founding date in this list.
- Revenue (Forbes 2026)
- US$37.5bn
- Industry
- Banking
- Profit (Forbes 2026)
- US$4.6bn
- Market value (Forbes 2026)
- US$87.6bn
- Headquarters
- Sydney, Australia
- Forbes Global 2000 rank (2026)
- 144
- Employees
- 35,236
7
W
Conglomerate (retail, chemicals, health)
Best for: Conglomerate (retail, chemicals, health)
Wesfarmers, headquartered in Perth, reported revenue of US$29.8bn and profit of US$2.0bn in the Forbes 2026 data. Its businesses include Bunnings, Kmart Group, Officeworks, Wesfarmers Chemicals, Energy and Fertilisers, and Wesfarmers Health.
- Revenue (Forbes 2026)
- US$29.8bn
- Industry
- Conglomerate (retail, chemicals, health)
- Profit (Forbes 2026)
- US$2.0bn
- Market value (Forbes 2026)
- US$58.2bn
- Headquarters
- Perth, Australia
- Forbes Global 2000 rank (2026)
- 586
- Employees
- 118,000
8
Best for: Supermarkets and liquor
Coles Group, based in Melbourne, operates supermarkets and liquor stores and reported revenue of US$29.1bn and profit of US$653.8m in the Forbes 2026 data. Forbes Australia noted that both Coles and Woolworths fell in the overall Global 2000 ranking in 2026.
- Revenue (Forbes 2026)
- US$29.1bn
- Industry
- Supermarkets and liquor
- Profit (Forbes 2026)
- US$654m
- Market value (Forbes 2026)
- US$20.0bn
- Headquarters
- Melbourne, Australia
- Forbes Global 2000 rank (2026)
- 1093
- Employees
- 115,000
9
General insurance and reinsurance
Best for: General insurance and reinsurance
QBE, a Sydney-based general insurer and reinsurer, reported revenue of US$24.1bn and profit of US$2.2bn in the Forbes 2026 data. Forbes lists its geographical segments as North America, International and Australia Pacific.
- Revenue (Forbes 2026)
- US$24.1bn
- Industry
- General insurance and reinsurance
- Profit (Forbes 2026)
- US$2.2bn
- Market value (Forbes 2026)
- US$24.6bn
- Headquarters
- Sydney, Australia
- Forbes Global 2000 rank (2026)
- 534
- Employees
- 13,479
10
MG
Investment banking and asset management
Best for: Investment banking and asset management
Macquarie Group reported revenue of US$22.2bn and profit of US$3.1bn in the Forbes 2026 data. The Sydney-based group operates through Macquarie Asset Management, Banking and Financial Services, Commodities and Global Markets, and Macquarie Capital; Forbes records its founding on 10 December 1969.
- Revenue (Forbes 2026)
- US$22.2bn
- Industry
- Investment banking and asset management
- Profit (Forbes 2026)
- US$3.1bn
- Market value (Forbes 2026)
- US$63.7bn
- Headquarters
- Sydney, Australia
- Forbes Global 2000 rank (2026)
- 253
- Employees
- 19,124
11
A
Best for: Fuel refining and retail
Ampol, which owns the Lytton refinery and the New Zealand fuel business Z Energy, reported revenue of US$20.0bn but profit of only US$53.1m in the Forbes 2026 data. Forbes gives its headquarters as Alexandria and its founding year as 1918.
- Revenue (Forbes 2026)
- US$20.0bn
- Industry
- Fuel refining and retail
- Profit (Forbes 2026)
- US$53m
- Market value (Forbes 2026)
- US$6.0bn
- Headquarters
- Alexandria, Australia
- Forbes Global 2000 rank (2026)
- 1837
- Employees
- 9,500
12
VE
Best for: Fuel refining and retail
Viva Energy Group reported revenue of US$18.4bn and a loss of US$271.5m in the Forbes 2026 data. Forbes Australia identified it as the lowest-ranked Australian company in the 2026 Global 2000. The company operates retail fuel, refining and supply businesses.
- Revenue (Forbes 2026)
- US$18.4bn
- Industry
- Fuel refining and retail
- Profit (Forbes 2026)
- US$-272m
- Market value (Forbes 2026)
- US$2.7bn
- Headquarters
- Docklands, Australia
- Forbes Global 2000 rank (2026)
- 1883
- Employees
- 15,174
13
Iron ore mining and energy
Best for: Iron ore mining and energy
Fortescue, founded by Andrew Forrest in April 2003 according to Forbes, reported revenue of US$16.3bn and profit of US$3.7bn in the 2026 data. The East Perth-based company mines iron ore and has an energy segment developing green energy projects.
- Revenue (Forbes 2026)
- US$16.3bn
- Industry
- Iron ore mining and energy
- Profit (Forbes 2026)
- US$3.7bn
- Market value (Forbes 2026)
- US$49.8bn
- Headquarters
- East Perth, Australia
- Forbes Global 2000 rank (2026)
- 520
14
Best for: Airline
Qantas reported revenue of US$15.6bn and profit of US$1.0bn in the Forbes 2026 data. The airline group, headquartered in Mascot, operates Qantas Domestic, Qantas International, Jetstar and Qantas Loyalty segments and was founded on 16 November 1920 according to Forbes.
- Revenue (Forbes 2026)
- US$15.6bn
- Industry
- Airline
- Profit (Forbes 2026)
- US$1.0bn
- Market value (Forbes 2026)
- US$9.1bn
- Headquarters
- Mascot, Australia
- Forbes Global 2000 rank (2026)
- 1394
- Employees
- 25,000
15
C
Best for: Biopharmaceuticals
CSL, a Melbourne-based biopharmaceutical company, reported revenue of US$15.3bn and profit of US$1.4bn in the Forbes 2026 data. It operates through CSL Behring, which provides plasma products, gene therapies and recombinants, CSL Seqirus and CSL Vifor.
- Revenue (Forbes 2026)
- US$15.3bn
- Industry
- Biopharmaceuticals
- Profit (Forbes 2026)
- US$1.4bn
- Market value (Forbes 2026)
- US$33.6bn
- Headquarters
- Melbourne, Australia
- Forbes Global 2000 rank (2026)
- 667
- Employees
- 29,000
16
Best for: Telecommunications
Telstra Group reported revenue of US$14.9bn and profit of US$1.5bn in the 2026 data. The Melbourne-based group reports through consumer and small business, enterprise, networks and IT, and InfraCo segments.
- Revenue (Forbes 2026)
- US$14.9bn
- Industry
- Telecommunications
- Profit (Forbes 2026)
- US$1.5bn
- Market value (Forbes 2026)
- US$43.0bn
- Headquarters
- Melbourne, Australia
- Forbes Global 2000 rank (2026)
- 684
- Employees
- 30,553
17
Best for: Oil and LNG
Woodside Energy reported revenue of US$13.0bn and profit of US$2.7bn in the Forbes 2026 data, with assets of US$66.5bn. The Perth-based company's segments include North West Shelf, Pluto and Wheatstone, and it had 4,693 employees, the fewest of any company in the top 20 of this list that reports a figure.
- Revenue (Forbes 2026)
- US$13.0bn
- Industry
- Oil and LNG
- Profit (Forbes 2026)
- US$2.7bn
- Market value (Forbes 2026)
- US$42.4bn
- Headquarters
- Perth, Australia
- Forbes Global 2000 rank (2026)
- 499
- Employees
- 4,693
18
Best for: General insurance
Insurance Australia Group, based in Sydney, reported revenue of US$11.9bn and profit of US$700.3m in the Forbes 2026 data. It underwrites general insurance through retail and intermediated divisions in Australia and a New Zealand division.
- Revenue (Forbes 2026)
- US$11.9bn
- Industry
- General insurance
- Profit (Forbes 2026)
- US$700m
- Market value (Forbes 2026)
- US$13.4bn
- Headquarters
- Sydney, Australia
- Forbes Global 2000 rank (2026)
- 1401
19
SG
Best for: General insurance
Suncorp Group, headquartered in Brisbane, reported revenue of US$10.8bn and profit of US$635.8m in the Forbes 2026 data. Its reporting segments are consumer insurance, commercial and personal injury, and Suncorp New Zealand.
- Revenue (Forbes 2026)
- US$10.8bn
- Industry
- General insurance
- Profit (Forbes 2026)
- US$636m
- Market value (Forbes 2026)
- US$13.6bn
- Headquarters
- Brisbane, Australia
- Forbes Global 2000 rank (2026)
- 1453
- Employees
- 11,500
20
Energy retail, generation and LNG
Best for: Energy retail, generation and LNG
Origin Energy, based in Sydney, reported revenue of US$10.5bn and profit of US$658.4m in the Forbes 2026 data. The integrated energy company generates and retails electricity and gas, sells liquefied natural gas, and reports a share of Octopus Energy as a separate segment.
- Revenue (Forbes 2026)
- US$10.5bn
- Industry
- Energy retail, generation and LNG
- Profit (Forbes 2026)
- US$658m
- Market value (Forbes 2026)
- US$14.2bn
- Headquarters
- Sydney, Australia
- Forbes Global 2000 rank (2026)
- 1589
- Employees
- 5,000
21
Pharmacy wholesale and retail
Best for: Pharmacy wholesale and retail
Sigma Healthcare reported revenue of US$9.3bn and profit of US$823.7m in the Forbes 2026 data. Forbes Australia described it as the biggest mover among Australian companies in the 2026 list, following its merger with Chemist Warehouse in 2025.
- Revenue (Forbes 2026)
- US$9.3bn
- Industry
- Pharmacy wholesale and retail
- Profit (Forbes 2026)
- US$824m
- Market value (Forbes 2026)
- US$23.5bn
- Headquarters
- Clayton, Australia
- Forbes Global 2000 rank (2026)
- 1290
22
B
Pallet and container pooling (CHEP)
Best for: Pallet and container pooling (CHEP)
Brambles, the Sydney-based owner of the CHEP pallet and container pooling business, reported revenue of US$6.8bn and profit of US$927.7m in the Forbes 2026 data. Forbes traces the company to Walter Edwin Bramble in 1875.
- Revenue (Forbes 2026)
- US$6.8bn
- Industry
- Pallet and container pooling (CHEP)
- Profit (Forbes 2026)
- US$928m
- Market value (Forbes 2026)
- US$21.3bn
- Headquarters
- Sydney, Australia
- Forbes Global 2000 rank (2026)
- 1453
- Employees
- 12,093
23
Best for: Natural gas
Santos, the Adelaide-based natural gas producer, reported revenue of US$5.0bn and profit of US$819.2m in the Forbes 2026 data. Its segments include the Cooper Basin, Queensland and New South Wales, Papua New Guinea, Northern Australia and Timor-Leste, and Western Australia.
- Revenue (Forbes 2026)
- US$5.0bn
- Industry
- Natural gas
- Profit (Forbes 2026)
- US$819m
- Market value (Forbes 2026)
- US$18.3bn
- Headquarters
- Adelaide, Australia
- Forbes Global 2000 rank (2026)
- 1277
- Employees
- 4,028
24
Best for: Gold mining
Northern Star Resources, a gold producer headquartered in Subiaco, reported revenue of US$4.5bn and profit of US$998.0m in the Forbes 2026 data. Its reporting segments are KCGM, Kalgoorlie Operations, Carosue Dam, Pogo, Jundee and Thunderbox.
- Revenue (Forbes 2026)
- US$4.5bn
- Industry
- Gold mining
- Profit (Forbes 2026)
- US$998m
- Market value (Forbes 2026)
- US$21.0bn
- Headquarters
- Subiaco, Australia
- Forbes Global 2000 rank (2026)
- 1504
- Employees
- 8,728
25
Gaming machines and mobile games
Best for: Gaming machines and mobile games
Aristocrat Leisure reported revenue of US$4.2bn and profit of US$973.5m in the Forbes 2026 data, a higher profit than several companies with more than twice its revenue. The Sydney-based company makes electronic gaming machines and casino management systems and publishes free-to-play mobile games.
- Revenue (Forbes 2026)
- US$4.2bn
- Industry
- Gaming machines and mobile games
- Profit (Forbes 2026)
- US$974m
- Market value (Forbes 2026)
- US$22.2bn
- Headquarters
- Sydney, Australia
- Forbes Global 2000 rank (2026)
- 1491
- Employees
- 7,400
Frequently asked questions
What is the largest company in Australia?
By revenue, BHP is the largest Australian company, with US$54.0bn in the Forbes Global 2000 for 2026. It also has the highest market value, US$219.8bn. In Forbes' overall ranking, which also weighs profit and assets, Commonwealth Bank ranks highest among Australian companies at 74th, ahead of BHP at 118th.
What is the largest bank in Australia?
Commonwealth Bank of Australia is the largest Australian bank by revenue, assets and market value in the Forbes 2026 data, with revenue of US$44.9bn, assets of US$939.4bn and a market value of US$190.7bn. ANZ, National Australia Bank and Westpac follow by revenue.
How many Australian companies are in the Forbes Global 2000?
Thirty-two Australian companies were included in the Forbes Global 2000 for 2026, matching the number in 2025. Computershare dropped out of the list, while Sigma Healthcare rose sharply after its merger with Chemist Warehouse.
What is the largest retailer in Australia?
Woolworths Group is the largest Australian retailer by revenue, with US$45.3bn in the Forbes 2026 data, ahead of Wesfarmers, owner of Bunnings and Kmart, at US$29.8bn and Coles Group at US$29.1bn.
Why is Rio Tinto not on the list?
Forbes assigns Rio Tinto to the United Kingdom rather than Australia in its Global 2000, so it is not among the 32 Australian companies used for this list. Forbes recorded revenue of US$57.6bn for Rio Tinto in 2026, which would otherwise place it above BHP.
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