Largest Companies in Mexico by Revenue (2026)

Pemex, the state oil and gas company, heads the 2026 edition of Expansión's ranking with 2025 sales of MXN 1,528,538.8 million, about 1.53 trillion pesos. It is also heavily indebted: according to figures cited from Expansión, its financial liabilities were MXN 1.98 trillion at the end of 2024 and its total liabilities MXN 4.11 trillion, and it reported a net loss of MXN 45,201.6 million for 2025. Fortune, which ranks Pemex 169th in its 2026 Global 500, records 126,905 employees and notes that it is government-owned at 50% or more.

Walmart de México y Centroamérica is the largest retailer and the largest private-sector company in the ranking, with 2025 sales of MXN 1,011,597.9 million, just over one trillion pesos. It is part of the Walmart group, whose parent company, Walmart, is second in the 2026 Fortune Global 500. Walmex and Pemex are the only two companies in the ranking with sales above one trillion pesos.

América Móvil, the telecommunications group, ranks third with 2025 sales of MXN 943,638.4 million. Its operations are organised into Mexican wireless and fixed-line businesses and segments covering Brazil, Colombia, the Southern Cone, the Andean region and Central America, according to its Forbes profile. Fortune ranks it 320th in the 2026 Global 500, with revenue of US$49.1bn and 177,711 employees; Daniel Hajj Aboumrad is chief executive.

FEMSA, the Monterrey-based group, ranks fourth with 2025 sales of MXN 840,953.7 million. Forbes describes it as a holding company whose businesses include the production, distribution and marketing of Coca-Cola trademark beverages. With 368,776 employees on Fortune's count, it has the largest workforce of the companies in this list for which Fortune or Forbes publishes a figure, and it ranks 363rd in the 2026 Fortune Global 500.

The Comisión Federal de Electricidad, the state electricity company, ranks fifth with 2025 sales of MXN 679,463.3 million. Fortune ranks it 470th in the 2026 Global 500, records 99,574 employees and a profit of US$6.8bn, and notes that it is government-owned at 50% or more; it is led by Emilia Calleja Alor.

General Motors de México, the Mexican subsidiary of the US carmaker, is sixth, with 2025 sales of about MXN 646,000 million. It is the highest-placed vehicle manufacturer in the ranking. Its parent, General Motors, ranks 39th in the 2026 Fortune Global 500.

BBVA México, the largest bank in the ranking, is seventh with 2025 revenue of MXN 538,114 million. It is the Mexican subsidiary of the Spanish bank BBVA, which Fortune describes as operating significantly in Spain, Mexico, Turkey and South America. BBVA itself ranks 144th in the 2026 Fortune Global 500.

Grupo Financiero Banorte is eighth, with 2025 revenue of MXN 521,729 million, one of two banking groups in the top ten. Forbes describes it as a holding company providing banking services, founded in 1899 and headquartered in San Pedro Garza García, Nuevo León; it records sales of US$26.3bn and profit of US$3.2bn.

Grupo Bimbo, the baked-goods manufacturer, is ninth with 2025 sales of MXN 426,951.7 million. Forbes records that it operates in Mexico, North America, Latin America and Europe, was founded in 1945, is headquartered in Mexico City and employs 153,966 people.

Grupo BAL completes the top ten with 2025 revenue of MXN 375,478.3 million. It entered the top ten in the 2026 edition, displacing Stellantis México, which had held tenth place in the previous edition.