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
- Employment trends in the Fortune 500
- Methodology
- The list
- Ranking table
- Next largest employers
- Frequently asked questions
- 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
Bentonville-based retailer; largest employer in the Fortune 500
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
A
Seattle-based e-commerce and cloud group; second-largest US employer
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
HD
Atlanta-based home-improvement retailer
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
C
Customer-experience and outsourcing services company
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
Minneapolis-based general merchandise retailer
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
F
Memphis-based parcel delivery and logistics company
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
Cincinnati-based supermarket operator
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
UG
Health insurer and health-services 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
BH
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
Seattle-based coffeehouse chain
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
TC
Off-price apparel and home-goods retailer
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
IT services and consulting company based in Teaneck, New Jersey
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
U
Atlanta-based parcel delivery company
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
Membership warehouse club retailer
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
Largest US bank by revenue and headcount
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
Food and beverage company based in Purchase, New York
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
Philadelphia-based food and facilities services company
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
Armonk-based technology and consulting company
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
HH
Nashville-based hospital operator
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
PS
Florida-based supermarket chain
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
CH
Pharmacy, pharmacy-benefit and health insurance group
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
Redmond-based software and cloud company
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
C
New York-based global bank
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
L
Home-improvement retailer based in Mooresville, North Carolina
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
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
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.
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