Largest Companies in Brazil (2026)

Petrobras (Petróleo Brasileiro) is Brazil's largest company, with 2025 net revenue of R$497.5bn and net profit of R$110.6bn in the Exame ranking. It explores for and produces oil and natural gas and has refining, transport, marketing, gas and low-carbon energy segments. Fortune records the Brazilian government as owning 50% or more of the company and places it 131st in the world, with revenue of US$89.2bn.

JBS is a meat processor that sells beef, pork, lamb and poultry to retailers and food-service customers. Exame ranks it second in Brazil, with net revenue of R$480.6bn and a profit of R$12.5bn, and lists its headquarters as São Paulo. The listed parent, JBS N.V., is headquartered in Amstelveen, and Forbes assigns it to the Netherlands rather than Brazil.

Banco do Brasil is the largest bank in the Exame ranking, with revenue of R$319.5bn in 2025. It provides banking, investment, asset management, insurance and payment services. Fortune records the federal government as owning 50% or more of the bank. Its net profit of R$16.8bn was well below those of Itaú Unibanco and Bradesco.

Banco Bradesco, based in Osasco in Greater São Paulo, operates banking and insurance segments; Forbes's profile records it as founded by Amador Aguiar on 10 March 1943. Exame ranks it fourth, with revenue of R$267.1bn and profit of R$23.9bn. Its insurance arm, Grupo Bradesco Seguros, appears separately in the Exame ranking at 14th, with revenue of R$118.5bn.

Raízen Combustíveis is the fuel-distribution company of the Raízen group, which distributes oil products and ethanol and operates convenience-store concessions. It reported 2025 revenue of R$255.3bn and a net loss of R$4.2bn. Exame also ranks the holding company Raízen separately at 19th, with revenue of R$87.7bn and a loss of R$6.1bn.

Itaú Unibanco Holding is the most profitable bank in the Exame ranking, and second only to Petrobras overall, with 2025 net profit of R$45.8bn on revenue of R$254.8bn. It provides retail and wholesale banking to individual and corporate clients in Brazil and abroad. On Fortune's revenue definition, which differs from Exame's, Itaú is Brazil's second-largest company, at US$76.8bn.

Caixa Econômica Federal is a government-owned bank based in Brasília; Fortune records the government as owning 50% or more and lists its company type as private rather than public. Exame lists revenue of R$244.6bn and profit of R$16.1bn for 2025.

Vale is Brazil's largest mining company, producing iron ore, pellets, manganese and ferroalloys, together with metals for the energy transition. It reported revenue of R$213.6bn and profit of R$11.8bn in the Exame ranking.

Vibra Energia distributes fuels and lubricants through a service-station network and supplies business, aviation and renewables customers. Exame lists revenue of R$189.8bn and profit of R$2.0bn. It is the smallest of the seven Brazilian companies in the Fortune Global 500 2026, at 492nd.

MBRF Global Foods, the name under which Forbes lists the former Marfrig, produces and trades beef and processed animal-protein foods. Exame ranks it tenth, with revenue of R$164.0bn and profit of R$762.7m.

Santander's Brazilian banking business, headquartered in São Paulo, ranks 11th in the Exame list, with revenue of R$161.4bn and net profit of R$15.3bn. It is one of seven banks among the 20 companies on this list.

Ultrapar Participações is a holding company whose businesses include the Ipiranga fuel network, Ultragaz liquefied petroleum gas distribution and Ultracargo storage terminals. It reported revenue of R$142.4bn; its subsidiary Ipiranga is ranked separately by Exame at 13th, with R$126.5bn.

Cargill Alimentos, based in Itapira in São Paulo state, is a Cargill company and reported revenue of R$118.0bn and profit of R$1.7bn in 2025. A second Cargill entity, classified under agribusiness, appears in the Exame ranking at 16th with R$115.3bn.

Banco BTG Pactual is an investment bank and asset and wealth manager headquartered in Rio de Janeiro. It reported revenue of R$99.2bn and profit of R$16.7bn in the Exame ranking, a profit higher than Caixa's and close to Banco do Brasil's.

Ambev, the São Paulo-based brewer and beverage company, reported 2025 revenue of R$88.2bn and net profit of R$16.0bn in the Exame ranking, the highest profit of any food or beverage company on the list.

Assaí Atacadista is the largest retailer in the Exame ranking, with 2025 revenue of R$77.3bn and profit of R$497m. It is the first company from Exame's wholesale and retail sector in the overall ranking.

Bunge's Brazilian operation is ranked 21st by Exame, with revenue of R$76.0bn and profit of R$1.2bn. The parent, Bunge Global, buys, stores, transports and processes agricultural commodities and produces refined oils, milled products and sugar and bioenergy.

BNDES (Banco Nacional de Desenvolvimento Econômico e Social) is the federal government's main instrument for long-term financing and investment, founded on 20 June 1952. The federal government is its sole shareholder. Exame lists revenue of R$73.8bn and net profit of R$25.6bn, the third-highest profit in the ranking.

Braskem, headquartered in São Paulo, is classified by Exame in the fuels, oil and chemicals sector. It reported revenue of R$70.7bn and a net loss of R$11.0bn for 2025, the largest loss among the companies on this list.

Gerdau is the largest steelmaker in the Exame ranking, with revenue of R$69.9bn and profit of R$1.4bn. Metalúrgica Gerdau, based in Porto Alegre, is listed separately at 25th with almost identical revenue of R$69.9bn.