Company Rankings

Largest Employers in the US (2026)

The 25 largest US companies by number of employees, ranked on Fortune 500 2026 headcount data, led by Walmart, Amazon and Home Depot.

The largest employers in the US among companies are retailers, delivery firms, health-care groups, banks and service businesses. This list ranks the 25 companies in the Fortune 500 2026 with the most employees, using the year-end headcount each company reports.

Walmart, with 2.1 million employees, and Amazon, with 1,576,000, are far ahead of every other company; Home Depot is third with 472,400. The Fortune 500 as a whole employed 30.5 million people, 1% fewer than a year earlier, the second consecutive annual decline.

Headcounts are worldwide totals as published by the companies, not counts of US-based staff only.

Contents
  1. Employment trends in the Fortune 500
  2. Methodology
  3. The list
  4. Ranking table
  5. Next largest employers
  6. Frequently asked questions
  7. See also

Employment trends in the Fortune 500

Fortune reports that the 2026 Fortune 500 employed 30.5 million people, a fall of 301,049 or 1%, and the second straight annual decline. Much of the decline reflected changes in the list's membership: 22 companies that left the list employed 659,640 people, including Walgreens Boots Alliance, with 252,500 employees, which was acquired by Sycamore Partners in August 2025. Companies that remained on the list added 41,177 employees in total, an increase of 0.1%.

Retailing is the largest employing sector, with just over 7 million employees, followed by technology with 3.8 million and financials with 3.5 million. Revenue per employee across the list reached a record US$687,094.

Methodology

Entries are the 25 companies with the highest employee counts in the Fortune 500 2026, ordered by headcount; Fortune's own list is ordered by revenue, and each company's revenue rank is shown for reference. Fortune's employee figure is the fiscal year-end number published by the company in its annual report, with part-time employees counted as half a full-time employee where the breakdown is supplied.

Scope. The Fortune 500 covers companies incorporated and operating in the United States that file financial statements with a government agency, including private companies and cooperatives that file. It excludes private companies that do not file, companies incorporated outside the United States, and US companies consolidated by other companies. Government bodies are not included. Because headcounts are worldwide, companies with large operations abroad rank higher than their US employment alone would justify.

Revenue figures are Fortune's, generally for fiscal years ended 31 December 2025 or on or before 31 January 2026; individual fiscal year ends are given where Fortune notes them.

The list

1

Walmart

Best for: Retail

Walmart is the largest employer among US companies, with 2,100,000 employees according to the Fortune 500 2026. Fortune reports that its headcount was flat on the previous year. The Bentonville, Arkansas, retailer reported revenue of US$713.2bn and fell to second place by revenue in 2026, ending a 13-year run at No. 1. Its Fortune profile names John R. Furner as chief executive.

Employees (worldwide)
2,100,000
Revenue
US$713.2bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
4.7%
Headquarters
Bentonville, Arkansas
Industry (Fortune)
General Merchandisers
Chief executive
John R. Furner
Fortune 500 2026 rank (by revenue)
2
Workforce grew (Fortune flag)
no
Stock listing (Fortune)
Listed
2

Amazon

Best for: E-commerce and logistics

Amazon has the second-largest workforce of any US company, with 1,576,000 employees. Fortune reports that it added 20,000 people during the year, an increase of 1.3%. Amazon became the largest US company by revenue in 2026, with US$716.9bn, after passing US$700bn following 12% growth. It is headquartered in Seattle.

Employees (worldwide)
1,576,000
Revenue
US$716.9bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
12.4%
Headquarters
Seattle, Washington
Industry (Fortune)
Internet Services and Retailing
Fortune 500 2026 rank (by revenue)
1
Workforce grew (Fortune flag)
yes
3

Home Depot

Best for: Home-improvement retail

Home Depot, the home-improvement retailer headquartered in Atlanta, has 472,400 employees, the third-largest workforce in the Fortune 500. Its figures are for the fiscal year ended 31 January 2026. Revenue was US$164.7bn, and Fortune flags the company as having grown its workforce during the year. Its rival Lowe's, also on this list, employs 221,500.

Employees (worldwide)
472,400
Revenue
US$164.7bn (Fortune)
Fiscal year end
31 January 2026
Revenue change (US$)
3.2%
Headquarters
Atlanta, Georgia
Industry (Fortune)
Specialty Retailers: Other
Chief executive
Edward P. Decker
Fortune 500 2026 rank (by revenue)
25
Workforce grew (Fortune flag)
yes
Stock listing (Fortune)
Listed
4

Concentrix

Best for: Business process outsourcing

Concentrix provides customer-experience, technology and outsourcing services to other companies. With 455,000 employees it has the fourth-largest workforce in the Fortune 500, although its revenue of US$9.8bn places it only 423rd by revenue. Its figures are for the fiscal year ended 30 November 2025. The company is headquartered in Newark, California. Revenue per employee, at roughly US$21,600, is far below the Fortune 500 average.

Employees (worldwide)
455,000
Revenue
US$9.8bn (Fortune)
Fiscal year end
30 November 2025
Revenue change (US$)
2.2%
Headquarters
Newark, California
Industry (Fortune)
Information Technology Services
Chief executive
Christopher A. Caldwell
Fortune 500 2026 rank (by revenue)
423
Workforce grew (Fortune flag)
yes
Stock listing (Fortune)
Listed
5

Target

Best for: Retail

Target operates general-merchandise stores across the United States and employs 415,000 people. Its figures are for the fiscal year ended 31 January 2026, when revenue was US$104.8bn. The company is headquartered in Minneapolis, and Fortune's profile names Michael J. Fiddelke as chief executive.

Employees (worldwide)
415,000
Revenue
US$104.8bn (Fortune)
Fiscal year end
31 January 2026
Revenue change (US$)
-1.7%
Headquarters
Minneapolis, Minnesota
Industry (Fortune)
General Merchandisers
Chief executive
Michael J. Fiddelke
Fortune 500 2026 rank (by revenue)
42
Workforce grew (Fortune flag)
no
Stock listing (Fortune)
Listed
6

FedEx

Best for: Parcel delivery

FedEx, the Memphis-based delivery company, employs 408,200 people. Its revenue was US$87.9bn. FedEx and UPS, together employing about 759,000 people, are the two largest delivery companies in the Fortune 500 by headcount.

Employees (worldwide)
408,200
Revenue
US$87.9bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
0.3%
Headquarters
Memphis, Tennessee
Industry (Fortune)
Mail, Package, and Freight Delivery
Fortune 500 2026 rank (by revenue)
50
Workforce grew (Fortune flag)
no
7

Kroger

Best for: Grocery retail

Kroger is the largest supermarket operator on this list, with 403,000 employees. Its figures are for the fiscal year ended 31 January 2026, when revenue was US$147.6bn. The company is headquartered in Cincinnati, Ohio. Fortune's profile names Gregory S. Foran as chief executive.

Employees (worldwide)
403,000
Revenue
US$147.6bn (Fortune)
Fiscal year end
31 January 2026
Revenue change (US$)
0.4%
Headquarters
Cincinnati, Ohio
Industry (Fortune)
Food and Drug Stores
Chief executive
Gregory S. Foran
Fortune 500 2026 rank (by revenue)
27
Workforce grew (Fortune flag)
no
Stock listing (Fortune)
Listed
8

UnitedHealth Group

Best for: Health care

UnitedHealth Group employs 390,000 people across its insurance and health-services businesses. Fortune reports that its workforce fell by 10,000, or 2.5%, during the year, making it the third-largest Fortune 500 company by revenue but eighth by headcount. Revenue was US$447.6bn. The company is headquartered in Eden Prairie, Minnesota.

Employees (worldwide)
390,000
Revenue
US$447.6bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
11.8%
Headquarters
Eden Prairie, Minnesota
Industry (Fortune)
Health Care: Insurance and Managed Care
Fortune 500 2026 rank (by revenue)
3
Workforce grew (Fortune flag)
no
9

Berkshire Hathaway

Best for: Diversified conglomerate

Berkshire Hathaway employs 387,800 people across its many subsidiaries. The Omaha-based conglomerate reported revenue of US$371.4bn. Its Fortune profile names Gregory E. Abel as chief executive.

Employees (worldwide)
387,800
Revenue
US$371.4bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Headquarters
Omaha, Nebraska
Industry (Fortune)
Insurance: Property and Casualty (Stock)
Chief executive
Gregory E. Abel
Fortune 500 2026 rank (by revenue)
7
Workforce grew (Fortune flag)
no
Stock listing (Fortune)
Listed
10

Starbucks

Best for: Food service

Starbucks employs 381,000 people, the largest workforce of any food-service company in the Fortune 500. Its figures are for the fiscal year ended 30 September 2025. Revenue was US$37.2bn, placing it 127th by revenue. Fortune's profile names Brian R. Niccol as chief executive.

Employees (worldwide)
381,000
Revenue
US$37.2bn (Fortune)
Fiscal year end
30 September 2025
Revenue change (US$)
2.8%
Headquarters
Seattle, Washington
Industry (Fortune)
Food Services
Chief executive
Brian R. Niccol
Fortune 500 2026 rank (by revenue)
127
Workforce grew (Fortune flag)
yes
Stock listing (Fortune)
Listed
11

TJX Companies

Best for: Off-price retail

TJX, the off-price retailer headquartered in Framingham, Massachusetts, employs 377,000 people. Its figures are for the fiscal year ended 31 January 2026. Revenue was US$60.4bn, and Fortune flags the company as having grown its workforce during the year.

Employees (worldwide)
377,000
Revenue
US$60.4bn (Fortune)
Fiscal year end
31 January 2026
Revenue change (US$)
7.1%
Headquarters
Framingham, Massachusetts
Industry (Fortune)
Specialty Retailers: Apparel
Chief executive
Ernie L. Herrman
Fortune 500 2026 rank (by revenue)
79
Workforce grew (Fortune flag)
yes
Stock listing (Fortune)
Listed
12

Cognizant

Best for: IT services

Cognizant Technology Solutions employs 351,600 people, the second-largest workforce among IT services companies in the Fortune 500, after Concentrix. Its revenue was US$21.1bn, placing it 216th by revenue. The company is headquartered in Teaneck, New Jersey, and Fortune flags it as having grown its workforce during the year.

Employees (worldwide)
351,600
Revenue
US$21.1bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
7%
Headquarters
Teaneck, New Jersey
Industry (Fortune)
Information Technology Services
Fortune 500 2026 rank (by revenue)
216
Workforce grew (Fortune flag)
yes
13

UPS

Best for: Parcel delivery

United Parcel Service employs 350,625 people. The Atlanta-based company reported revenue of US$88.7bn, slightly more than FedEx, but has a smaller workforce. Fortune does not flag UPS as having grown its workforce during the year.

Employees (worldwide)
350,625
Revenue
US$88.7bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
-2.7%
Headquarters
Atlanta, Georgia
Industry (Fortune)
Mail, Package, and Freight Delivery
Fortune 500 2026 rank (by revenue)
48
Workforce grew (Fortune flag)
no
14

Costco Wholesale

Best for: Retail

Costco employs 341,000 people. Its figures are for the fiscal year ended 31 August 2025, when revenue was US$275.2bn. The company is headquartered in Issaquah, Washington, and is flagged by Fortune as having grown its workforce during the year.

Employees (worldwide)
341,000
Revenue
US$275.2bn (Fortune)
Fiscal year end
31 August 2025
Revenue change (US$)
8.2%
Headquarters
Issaquah, Washington
Industry (Fortune)
General Merchandisers
Chief executive
Ron M. Vachris
Fortune 500 2026 rank (by revenue)
13
Workforce grew (Fortune flag)
yes
Stock listing (Fortune)
Listed
15

JPMorgan Chase

Best for: Banking

JPMorgan Chase is the largest bank in the Fortune 500 by headcount, with 318,512 employees. The New York-based bank reported revenue of US$280.3bn. Two other banks, Citigroup and Bank of America, are also in the top 25 by headcount, and Wells Fargo is just outside it.

Employees (worldwide)
318,512
Revenue
US$280.3bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
0.5%
Headquarters
New York, New York
Industry (Fortune)
Commercial Banks
Fortune 500 2026 rank (by revenue)
12
Workforce grew (Fortune flag)
yes
16

PepsiCo

Best for: Food and beverages

PepsiCo, the snack and beverage company headquartered in Purchase, New York, employs 306,000 people. Revenue was US$93.9bn. It is the largest food and beverage manufacturer on this list by headcount.

Employees (worldwide)
306,000
Revenue
US$93.9bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
2.3%
Headquarters
Purchase, New York
Industry (Fortune)
Food Consumer Products
Fortune 500 2026 rank (by revenue)
46
Workforce grew (Fortune flag)
no
17

Aramark

Best for: Food and facilities services

Aramark provides food and facilities services and employs 278,390 people. Its revenue was US$18.5bn, placing it 235th by revenue. The company is headquartered in Philadelphia.

Employees (worldwide)
278,390
Revenue
US$18.5bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
6.4%
Headquarters
Philadelphia, Pennsylvania
Industry (Fortune)
Diversified Outsourcing Services
Fortune 500 2026 rank (by revenue)
235
Workforce grew (Fortune flag)
yes
18

IBM

Best for: Technology and consulting

International Business Machines employs 278,100 people. The Armonk, New York, company reported revenue of US$67.5bn. Fortune's data does not flag IBM as having grown its workforce during the year.

Employees (worldwide)
278,100
Revenue
US$67.5bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
7.6%
Headquarters
Armonk, New York
Industry (Fortune)
Information Technology Services
Fortune 500 2026 rank (by revenue)
66
Workforce grew (Fortune flag)
no
19

HCA Healthcare

Best for: Hospitals

HCA Healthcare operates hospitals and other care facilities and employs 275,000 people, the largest workforce of any medical-facilities company in the Fortune 500. Revenue was US$75.6bn. The company is headquartered in Nashville, Tennessee, and Fortune flags it as having grown its workforce during the year.

Employees (worldwide)
275,000
Revenue
US$75.6bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
7.1%
Headquarters
Nashville, Tennessee
Industry (Fortune)
Health Care: Medical Facilities
Fortune 500 2026 rank (by revenue)
60
Workforce grew (Fortune flag)
yes
20

Publix Super Markets

Best for: Grocery retail

Publix, the supermarket chain headquartered in Lakeland, Florida, employs 260,000 people. Fortune lists it as a private company; it appears in the Fortune 500 because it files financial statements with a US government agency. Revenue was US$63.2bn.

Employees (worldwide)
260,000
Revenue
US$63.2bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
5%
Headquarters
Lakeland, Florida
Industry (Fortune)
Food and Drug Stores
Chief executive
Kevin S. Murphy
Fortune 500 2026 rank (by revenue)
72
Workforce grew (Fortune flag)
yes
Stock listing (Fortune)
Not listed
21

CVS Health

Best for: Health care

CVS Health employs 259,500 people across its pharmacies, pharmacy-benefit management and insurance businesses. Revenue was US$402.1bn, sixth in the Fortune 500. The company is headquartered in Woonsocket, Rhode Island.

Employees (worldwide)
259,500
Revenue
US$402.1bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
7.9%
Headquarters
Woonsocket, Rhode Island
Industry (Fortune)
Health Care: Pharmacy and Other Services
Fortune 500 2026 rank (by revenue)
6
Workforce grew (Fortune flag)
no
22

Microsoft

Best for: Software

Microsoft employs 228,000 people, the largest workforce of any software company in the Fortune 500. It reported revenue of US$281.7bn. The company is headquartered in Redmond, Washington.

Employees (worldwide)
228,000
Revenue
US$281.7bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
14.9%
Headquarters
Redmond, Washington
Industry (Fortune)
Computer Software
Fortune 500 2026 rank (by revenue)
11
Workforce grew (Fortune flag)
no
23

Citigroup

Best for: Banking

Citigroup employs 226,000 people. The New York-based bank reported revenue of US$168.3bn. Fortune does not flag Citigroup as having grown its workforce during the year.

Employees (worldwide)
226,000
Revenue
US$168.3bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
-1.4%
Headquarters
New York, New York
Industry (Fortune)
Commercial Banks
Fortune 500 2026 rank (by revenue)
24
Workforce grew (Fortune flag)
no
24

Lowe's

Best for: Home-improvement retail

Lowe's, the home-improvement retailer headquartered in Mooresville, North Carolina, employs 221,500 people. Its figures are for the fiscal year ended 31 January 2026, when revenue was US$86.3bn. Fortune flags the company as having grown its workforce during the year.

Employees (worldwide)
221,500
Revenue
US$86.3bn (Fortune)
Fiscal year end
31 January 2026
Revenue change (US$)
3.1%
Headquarters
Mooresville, North Carolina
Industry (Fortune)
Specialty Retailers: Other
Chief executive
Marvin R. Ellison
Fortune 500 2026 rank (by revenue)
52
Workforce grew (Fortune flag)
yes
Stock listing (Fortune)
Listed
25

Bank of America

Best for: Banking

Bank of America employs 213,207 people. The bank, headquartered in Charlotte, North Carolina, reported revenue of US$191.6bn. It is the third bank on this list, after JPMorgan Chase and Citigroup.

Employees (worldwide)
213,207
Revenue
US$191.6bn (Fortune)
Fiscal year
Fiscal 2025 (company fiscal calendar)
Revenue change (US$)
-0.5%
Headquarters
Charlotte, North Carolina
Industry (Fortune)
Commercial Banks
Fortune 500 2026 rank (by revenue)
20
Workforce grew (Fortune flag)
no

Ranking table

RankCompanyEmployeesRevenue (US$m)Fortune 500 rankIndustry (Fortune)Headquarters
1Walmart2,100,000713,1632General MerchandisersBentonville, Arkansas
2Amazon1,576,000716,9241Internet Services and RetailingSeattle, Washington
3Home Depot472,400164,68325Specialty Retailers: OtherAtlanta, Georgia
4Concentrix455,0009,825.8423Information Technology ServicesNewark, California
5Target415,000104,78042General MerchandisersMinneapolis, Minnesota
6FedEx408,20087,92650Mail, Package, and Freight DeliveryMemphis, Tennessee
7Kroger403,000147,64227Food and Drug StoresCincinnati, Ohio
8UnitedHealth Group390,000447,5673Health Care: Insurance and Managed CareEden Prairie, Minnesota
9Berkshire Hathaway387,800371,4447Insurance: Property and Casualty (Stock)Omaha, Nebraska
10Starbucks381,00037,184.4127Food ServicesSeattle, Washington
11TJX Companies377,00060,37279Specialty Retailers: ApparelFramingham, Massachusetts
12Cognizant351,60021,108216Information Technology ServicesTeaneck, New Jersey
13UPS350,62588,66148Mail, Package, and Freight DeliveryAtlanta, Georgia
14Costco Wholesale341,000275,23513General MerchandisersIssaquah, Washington
15JPMorgan Chase318,512280,34512Commercial BanksNew York, New York
16PepsiCo306,00093,92546Food Consumer ProductsPurchase, New York
17Aramark278,39018,506.3235Diversified Outsourcing ServicesPhiladelphia, Pennsylvania
18IBM278,10067,53566Information Technology ServicesArmonk, New York
19HCA Healthcare275,00075,60060Health Care: Medical FacilitiesNashville, Tennessee
20Publix Super Markets260,00063,20972Food and Drug StoresLakeland, Florida
21CVS Health259,500402,0676Health Care: Pharmacy and Other ServicesWoonsocket, Rhode Island
22Microsoft228,000281,72411Computer SoftwareRedmond, Washington
23Citigroup226,000168,29724Commercial BanksNew York, New York
24Lowe's221,50086,28652Specialty Retailers: OtherMooresville, North Carolina
25Bank of America213,207191,56720Commercial BanksCharlotte, North Carolina

Next largest employers

Just outside the top 25 by headcount are Yum China Holdings, with 210,000 employees, Wells Fargo with 205,198 and Walt Disney with 203,280. Fortune gives Plano, Texas, as Yum China's headquarters city.

Frequently asked questions

Who is the largest employer in the US?

Among companies, Walmart is the largest employer, with 2.1 million employees reported in the Fortune 500 2026. Amazon is second with 1,576,000. Both figures are worldwide totals. Government bodies, which are not part of the Fortune 500, are excluded from this comparison.

Do these figures count only US employees?

No. Fortune uses the year-end employee total published in each company's annual report, which normally covers the whole group worldwide. Companies such as Concentrix and Cognizant therefore rank highly even though much of their workforce may be outside the United States.

Is Amazon or Walmart bigger?

Amazon is larger by revenue, with US$716.9bn against Walmart's US$713.2bn in the Fortune 500 2026, and took the No. 1 spot from Walmart in June 2026. Walmart remains larger by workforce, with 2.1 million employees against Amazon's 1,576,000.

Is total employment at Fortune 500 companies growing?

No. Fortune reports that the 2026 Fortune 500 employed 30.5 million people, down 1%, or 301,049 workers, the second consecutive annual decline. Companies that stayed on the list added 41,177 employees, so most of the fall came from large employers such as Walgreens leaving the list.

Which industries employ the most people in large US companies?

Retailing is the largest employing sector in the Fortune 500, with just over 7 million employees, followed by technology with 3.8 million and financials with 3.5 million, according to Fortune. Seven of the 25 largest employers on this list are in Fortune's retailing sector, and two more, Kroger and Publix, are supermarket operators that Fortune classifies as food and drug stores.

See also

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