The largest software companies are the businesses that earn most of their revenue from software licences, subscriptions, support and cloud software. This list ranks 25 listed software companies by the sales figures Forbes published in its Global 2000 ranking for 2026.
Microsoft leads by a wide margin with sales of US$318.3bn, followed by IBM (US$68.9bn) and Oracle (US$64.1bn). The 25 companies recorded about US$712bn of combined sales, of which Microsoft accounts for about 45%. Twenty-two are headquartered in the United States.
Internet platforms, IT-services firms, hardware-led companies and video-game publishers are excluded, as explained in the methodology notes.
Contents
- Overview
- Sector context
- Methodology notes
- Methodology
- The list
- Full ranking table
- Changes from the previous ranking
- By country
- Recent developments
- Frequently asked questions
- See also
Overview
A software company develops and sells programs and platforms that customers run on their own computers or access over the internet. The companies here follow several models. Broad platform vendors such as Microsoft, Oracle, SAP and IBM sell operating systems, databases, enterprise resource planning and middleware. Cloud application companies such as Salesforce, ServiceNow and Workday sell subscriptions to software delivered over the internet. Specialists cover design and engineering (Autodesk, Dassault Systèmes), chip design (Synopsys, Cadence), cybersecurity (Palo Alto Networks, Fortinet, CrowdStrike, Gen Digital), finance and tax (Intuit, SS&C), data (Snowflake, Palantir), communications (Twilio, Zoom) and advertising technology (AppLovin), while Constellation Software and Roper Technologies own portfolios of niche software businesses.
Several adjacent categories are covered in separate lists: SaaS companies (a subset of this list), IT services and consulting firms, cybersecurity companies and video-game publishers.
Sector context
Software is the most profitable large industry in the Forbes data: 23 of the 25 companies here reported a profit, and the median margin is about 19%. Growth has been strongest among companies linked to AI and data. Palantir's sales rose 82.3% between the two most recent Forbes figures, Synopsys's 31.9% and AppLovin's 30.9%, while Microsoft grew 21.6% from a far larger base.
Acquisitions continue to reshape the leading group. Salesforce completed the purchase of Informatica on 18 November 2025, and Palo Alto Networks completed its acquisition of CyberArk on 11 February 2026. Synopsys's design-automation segment now includes Ansys products.
IBM illustrates the shift in how older technology companies earn money: software accounted for US$29,962m of its US$67,535m of 2025 revenue, with a gross margin of 83.5%, against about 28% for consulting.
Methodology notes
Forbes ranks the world's largest public companies on sales, profits, assets and market value, with market values based on closing share prices on 15 May 2026. Its IT software and services category mixes several kinds of business. This list keeps companies whose largest business is software. It excludes internet platforms that earn mainly from advertising or games (Alphabet, Meta, Tencent, Baidu, NetEase), IT-services firms (Accenture, Tata Consultancy Services, Capgemini, Infosys, Cognizant), hardware-led companies (Cisco, HP), distributors (Ingram Micro, CDW), video-game publishers (Electronic Arts, Take-Two, Roblox), commerce and payments platforms (Shopify), travel distribution (Amadeus) and information-services groups (Wolters Kluwer, Thomson Reuters).
IBM is included because software is its largest segment, 44% of 2025 revenue. Microsoft's total includes devices and gaming, and Oracle's includes hardware and services; Forbes does not separate these. The prior-year comparison uses the prior-year sales column of the same Forbes dataset.
Methodology
Entries are ordered strictly by the sales figure Forbes published for each company in the Global 2000 2026, in US dollars. Inclusion is limited to companies whose largest business is software, as described by their Forbes company profiles and, for IBM, its own segment reporting. Profit, market value, employees, headquarters and Global 2000 rank come from the Forbes dataset.
The list
1
Redmond software and cloud company, larger than the next eleven combined
Best for: Productivity, cloud and operating systems
Microsoft develops and supports software, services, devices and solutions, reporting three segments: Productivity and Business Processes (Office, LinkedIn and Dynamics), Intelligent Cloud (server products and cloud services for businesses and developers) and More Personal Computing (Windows, Surface, Xbox, Microsoft News and Edge). Forbes records it was founded by Paul Allen and Bill Gates in 1975; it is headquartered in Redmond, Washington, and led by Satya Nadella as chief executive and chair. Forbes records sales of US$318.3bn, 21.6% above the prior-year figure, and profit of US$125.2bn. Microsoft alone accounts for about 45% of the combined sales of the 25 companies in this list, and its sales exceed those of the next eleven companies combined. Its market value of US$3.13 trillion is more than five times Oracle's, the second-most valuable company here. Forbes counts 228,000 employees.
Business segments
Productivity and Business Processes; Intelligent Cloud; More Personal Computing.
Recent results
Forbes records sales of US$318.3bn, against US$261.8bn in the prior-year column of the same dataset (+21.6%), and profit of US$125,216m.
- Sales (Forbes Global 2000 2026)
- US$318.3bn
- Profit
- US$125,216m
- Market value (15 May 2026)
- US$3134.2bn
- Headquarters
- Redmond, United States
- Employees
- 228,000
- Forbes Global 2000 rank
- 8
Strengths
- Largest software company by sales, profit and value
- Sales growth of 21.6%
- Profit margin of 39%
Limitations
- Total includes devices and gaming
- Complex portfolio spanning consumer and enterprise products
- Market value implies high expectations
2
Armonk technology company whose largest segment is software
Best for: Hybrid cloud and enterprise software
International Business Machines reports Software, Consulting, Infrastructure and Financing segments; its Software segment combines a hybrid-cloud platform, including Red Hat, with automation, data and security software. IBM's 2025 results show software revenue of US$29,962m out of total revenue of US$67,535m, or 44%, making software its largest segment, ahead of consulting (US$21,055m) and infrastructure (US$15,718m). Software revenue grew 11% in 2025, and the segment's gross margin was 83.5%. Forbes records sales of US$68.9bn and profit of US$10.8bn, and IBM holds second place among the companies here. Its headquarters are in Armonk, New York, and Forbes counts 286,800 employees, the largest workforce in the list.
Business segments
2025 revenue: Software US$29,962m, Consulting US$21,055m, Infrastructure US$15,718m, Financing US$737m.
Recent results
Forbes records sales of US$68.9bn, against US$62.8bn in the prior-year column of the same dataset (+9.7%), and profit of US$10,754m.
- Sales (Forbes Global 2000 2026)
- US$68.9bn
- Profit
- US$10,754m
- Market value (15 May 2026)
- US$206.1bn
- Headquarters
- Armonk, United States
- Employees
- 286,800
- Forbes Global 2000 rank
- 78
Strengths
- Software is 44% of revenue with 83.5% gross margin
- Red Hat hybrid-cloud platform
- Long-standing enterprise customer base
Limitations
- More than half of revenue is consulting and hardware
- Consulting revenue was flat at constant currency in 2025
- Slower growth than cloud-native peers
3
O
Austin-based database, applications and cloud-infrastructure provider
Best for: Databases, ERP and cloud infrastructure
Oracle provides enterprise applications and infrastructure technologies through Cloud and License, Hardware, and Services segments; Cloud and License covers cloud services and licence support delivered in the cloud or on customers' premises. It is headquartered in Austin, Texas, and Forbes gives 1977 as its founding year. Sales were US$64.1bn, up 14.9%, and profit US$16.2bn, a 25% margin. Oracle's market value of US$554.9bn is the second-highest in this ranking. Forbes does not separate its cloud-infrastructure revenue from its database and application software.
Business segments
Cloud and License, Hardware, Services.
Recent results
Forbes records sales of US$64.1bn, against US$55.8bn in the prior-year column of the same dataset (+14.9%), and profit of US$16,210m.
- Sales (Forbes Global 2000 2026)
- US$64.1bn
- Profit
- US$16,210m
- Market value (15 May 2026)
- US$554.9bn
- Headquarters
- Austin, United States
- Employees
- 162,000
- Forbes Global 2000 rank
- 52
Strengths
- Second-highest market value
- Profit margin of 25%
- Sales growth of 14.9%
Limitations
- Hardware and services included in total
- Sales less than a quarter of Microsoft's
- Profit margin below Microsoft's
4
Walldorf-based enterprise application software leader
Best for: ERP software
SAP provides enterprise application software and related services, reporting Applications, Technology and Support; Qualtrics; and Services segments, with licences, support and cloud subscriptions in the first. It is headquartered in Walldorf, Germany, and Forbes gives 1972 as its founding year. Sales were US$43.3bn, up 14.7%, and profit US$8.7bn. SAP overtook Salesforce for fourth place on the prior-year comparison and is the only non-American company in the top ten. Its market value is US$195.6bn and Forbes counts 110,650 employees.
Business segments
Applications, Technology and Support; Qualtrics; Services.
Recent results
Forbes records sales of US$43.3bn, against US$37.7bn in the prior-year column of the same dataset (+14.7%), and profit of US$8,666m.
- Sales (Forbes Global 2000 2026)
- US$43.3bn
- Profit
- US$8,666m
- Market value (15 May 2026)
- US$195.6bn
- Headquarters
- Walldorf, Germany
- Employees
- 110,650
- Forbes Global 2000 rank
- 165
Strengths
- Largest non-US software company
- Overtook Salesforce
- Large installed base of ERP customers
Limitations
- Dollar figures move with the euro
- Sales growth below Microsoft's
- Lower market value than smaller US peers
5
S
San Francisco cloud CRM company
Best for: CRM software
Salesforce designs and develops cloud-based software for customer relationship management, including sales-force automation, customer service, marketing automation, digital commerce, collaboration and industry-specific solutions, and its platform. Forbes records it was founded by Marc Benioff and Parker Harris in 1999 and is headquartered in San Francisco. Sales were US$41.5bn, up 9.6%, and profit US$7.5bn. Salesforce slipped from fourth to fifth as SAP overtook it. On 18 November 2025 it completed its acquisition of Informatica, adding data catalogue, integration, governance, quality and master-data-management services to its platform. Market value is US$141.9bn.
Business segments
Sales, Service, Marketing and Commerce clouds, platform and integration, data and analytics.
Recent results
Forbes records sales of US$41.5bn, against US$37.9bn in the prior-year column of the same dataset (+9.6%), and profit of US$7,457m.
- Sales (Forbes Global 2000 2026)
- US$41.5bn
- Profit
- US$7,457m
- Market value (15 May 2026)
- US$141.9bn
- Headquarters
- San Francisco, United States
- Employees
- 83,334
- Forbes Global 2000 rank
- 158
Strengths
- Largest pure cloud-software company
- Added Informatica's data management
- Profit margin of 18%
Limitations
- Fell one place
- Sales growth slowed to 9.6%
- Acquisitions complicate integration
6
San Jose maker of creative, document and marketing software
Best for: Creative and document software
Adobe provides digital media and marketing software through Digital Media (creative and document products), Digital Experience (customer-experience platform) and Publishing and Advertising segments. It is headquartered in San Jose, California, and Forbes gives 1982 as its founding year. Sales were US$24.5bn, up 11.0%, and profit US$7.2bn, a 29.5% margin. Adobe holds sixth place, as in the prior-year comparison. Its market value of US$100.1bn is lower than that of Intuit, which has smaller sales.
Business segments
Digital Media, Digital Experience, Publishing and Advertising.
Recent results
Forbes records sales of US$24.5bn, against US$22.0bn in the prior-year column of the same dataset (+11.0%), and profit of US$7,208m.
- Sales (Forbes Global 2000 2026)
- US$24.5bn
- Profit
- US$7,208m
- Market value (15 May 2026)
- US$100.1bn
- Headquarters
- San Jose, United States
- Employees
- 31,360
- Forbes Global 2000 rank
- 359
Strengths
- Profit margin of 29.5%
- Sales growth of 11%
- Dominant creative-software franchise
Limitations
- Market value below Intuit's
- Competition from AI image tools
- Fewer segments than broader platform vendors
7
Mountain View maker of TurboTax, QuickBooks and Credit Karma
Best for: Tax and small-business accounting software
Intuit provides business and financial-management software through Small Business and Self-Employed (QuickBooks, payroll, payments and financing), Consumer (TurboTax), Credit Karma and ProTax segments. It is headquartered in Mountain View, California, and Forbes gives 1983 as its founding year. Sales were US$20.1bn, up 17.2%, and profit US$4.3bn. Intuit's revenue comes mainly from small businesses and consumers rather than large enterprises. Its market value of US$108.7bn and its 18,200 employees make it one of the most productive companies here, at about US$1.1m of sales per employee.
Business segments
Small Business and Self-Employed, Consumer, Credit Karma, ProTax.
Recent results
Forbes records sales of US$20.1bn, against US$17.2bn in the prior-year column of the same dataset (+17.2%), and profit of US$4,340m.
- Sales (Forbes Global 2000 2026)
- US$20.1bn
- Profit
- US$4,340m
- Market value (15 May 2026)
- US$108.7bn
- Headquarters
- Mountain View, United States
- Employees
- 18,200
- Forbes Global 2000 rank
- 379
Strengths
- Sales growth of 17.2%
- High sales per employee
- Leading US tax-preparation product
Limitations
- Seasonal tax revenue
- US-focused
- Credit Karma exposed to lending cycle
8
Santa Clara workflow-automation platform
Best for: IT service management and workflows
ServiceNow provides an end-to-end workflow-automation platform, the cloud-based Now Platform, with built-in AI and machine learning. Forbes records it was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, California. Sales were US$14.0bn, up 21.7%, and profit US$1.8bn. ServiceNow holds eighth place, unchanged from the prior-year comparison. Market value is US$98.0bn.
Business segments
Now Platform workflow products for IT, employee, customer and creator workflows.
Recent results
Forbes records sales of US$14.0bn, against US$11.5bn in the prior-year column of the same dataset (+21.7%), and profit of US$1,757m.
- Sales (Forbes Global 2000 2026)
- US$14.0bn
- Profit
- US$1,757m
- Market value (15 May 2026)
- US$98.0bn
- Headquarters
- Santa Clara, United States
- Employees
- 29,187
- Forbes Global 2000 rank
- 629
Strengths
- Sales growth of 21.7%
- Single cloud platform
- Strong enterprise penetration
Limitations
- Profit margin of 12.6%
- Market value below Adobe's
- Competition from Salesforce and Microsoft
9
Toronto acquirer of vertical-market software businesses
Best for: Vertical-market software
Constellation Software is a holding company that acquires, manages and builds vertical-market software businesses, each serving a specific industry. Forbes records it was founded by Mark Leonard and James D. Foy on 23 August 1995 and is headquartered in Toronto. Sales were US$12.1bn, up 20.6%, and profit US$741m. Its 69,000 employees are spread across many small businesses rather than a single product line. It is the only Canadian company in the ranking. Market value is US$40.2bn.
Business segments
Many vertical-market software businesses in public and private sectors.
Recent results
Forbes records sales of US$12.1bn, against US$10.1bn in the prior-year column of the same dataset (+20.6%), and profit of US$741m.
- Sales (Forbes Global 2000 2026)
- US$12.1bn
- Profit
- US$741m
- Market value (15 May 2026)
- US$40.2bn
- Headquarters
- Toronto, Canada
- Employees
- 69,000
- Forbes Global 2000 rank
- 1040
Strengths
- Sales growth of 20.6%
- Diversified across many niches
- Only Canadian company in the list
Limitations
- Profit margin of 6%
- Growth depends on acquisitions
- Complex decentralised structure
10
PA
Santa Clara cybersecurity platform company
Best for: Network and identity security
Palo Alto Networks provides network-security solutions to enterprises, service providers and government entities; Forbes records it was founded by Nir Zuk in March 2005 and is headquartered in Santa Clara. Sales were US$9.9bn, up 15.4%, and profit US$1.3bn. On 11 February 2026 it completed the acquisition of CyberArk, paying US$45.00 in cash and 2.2005 Palo Alto shares for each CyberArk share, and said it intended to seek a secondary listing on the Tel Aviv Stock Exchange. It is the largest cybersecurity company in this ranking, ahead of Fortinet and CrowdStrike, and has a market value of US$198.1bn.
Business segments
Network security, cloud security and security operations; segments reported by geography (United States, Israel, other).
Recent results
Forbes records sales of US$9.9bn, against US$8.6bn in the prior-year column of the same dataset (+15.4%), and profit of US$1,282m.
- Sales (Forbes Global 2000 2026)
- US$9.9bn
- Profit
- US$1,282m
- Market value (15 May 2026)
- US$198.1bn
- Headquarters
- Santa Clara, United States
- Employees
- 16,068
- Forbes Global 2000 rank
- 719
Strengths
- Largest cybersecurity company in the list
- Added CyberArk identity security
- Market value near US$200bn
Limitations
- Integration risk from CyberArk
- Sales growth slower than CrowdStrike's
- Profit margin of 13%
11
W
Pleasanton cloud applications for finance and HR
Best for: HR and finance cloud applications
Workday develops enterprise cloud applications for finance and human resources, including financial management, human capital management and analytics for companies, educational institutions and government agencies. Forbes records it was founded by David Duffield and Aneel Bhusri in 2005 and is headquartered in Pleasanton, California. Sales were US$9.5bn, up 13.3%, and profit US$693m. Workday holds eleventh place. Its market value of US$32.1bn is low relative to its sales compared with most cloud peers.
Business segments
Human capital management, financial management, analytics.
Recent results
Forbes records sales of US$9.5bn, against US$8.4bn in the prior-year column of the same dataset (+13.3%), and profit of US$693m.
- Sales (Forbes Global 2000 2026)
- US$9.5bn
- Profit
- US$693m
- Market value (15 May 2026)
- US$32.1bn
- Headquarters
- Pleasanton, United States
- Employees
- 21,000
- Forbes Global 2000 rank
- 1165
Strengths
- Cloud-native HR suite
- Sales growth of 13.3%
- Large enterprise and public-sector base
Limitations
- Profit margin of 7%
- Low market value relative to sales
- Competition from SAP and Oracle
12
RT
Sarasota group of niche software and technology businesses
Best for: Niche vertical software
Roper Technologies is a diversified technology company operating through Application Software (including Aderant, Deltek, Vertafore and PowerPlan), Network Software (including DAT, ConstructConnect and iPipeline) and Technology Enabled Products segments. It is headquartered in Sarasota, Florida. Sales were US$8.1bn, up 15.3%, and profit US$1.7bn. Roper is included because two of its three segments are software; Forbes classifies it as a software and services company. Market value is US$32.4bn.
Business segments
Application Software, Network Software, Technology Enabled Products.
Recent results
Forbes records sales of US$8.1bn, against US$7.0bn in the prior-year column of the same dataset (+15.3%), and profit of US$1,714m.
- Sales (Forbes Global 2000 2026)
- US$8.1bn
- Profit
- US$1,714m
- Market value (15 May 2026)
- US$32.4bn
- Headquarters
- Sarasota, United States
- Employees
- 19,400
- Forbes Global 2000 rank
- 801
Strengths
- Profit margin of 21%
- Sales growth of 15.3%
- Diversified niches
Limitations
- Includes hardware products
- Acquisition-led
- Less known brand
13
S
Sunnyvale maker of chip-design software and IP
Best for: Chip-design software
Synopsys provides electronic design automation (EDA) software used to design and test integrated circuits, and semiconductor intellectual property, reporting Design Automation and Design IP segments; its Design Automation segment now includes Ansys products. It is headquartered in Sunnyvale, California. Sales were US$8.0bn, up 31.9%, the second-fastest growth in this ranking, which moved it from fifteenth to thirteenth. Profit was US$1.1bn. Synopsys and Cadence are the two chip-design software companies in the list. Market value is US$96.2bn.
Business segments
Design Automation (including Ansys products) and Design IP.
Recent results
Forbes records sales of US$8.0bn, against US$6.1bn in the prior-year column of the same dataset (+31.9%), and profit of US$1,105m.
- Sales (Forbes Global 2000 2026)
- US$8.0bn
- Profit
- US$1,105m
- Market value (15 May 2026)
- US$96.2bn
- Headquarters
- Sunnyvale, United States
- Employees
- 28,000
- Forbes Global 2000 rank
- 721
Strengths
- Sales growth of 31.9%
- Expanded into simulation with Ansys
- Essential to chip design
Limitations
- Profit margin of 14%
- Acquisition integration
- Exposure to semiconductor cycle
14
A
San Francisco design software for architecture, engineering and media
Best for: Design and engineering software
Autodesk develops design software and services including AutoCAD, Revit, Civil 3D, Fusion 360, Inventor, Maya and 3ds Max, for architecture, engineering, construction, manufacturing and media. It is headquartered in San Francisco and Forbes gives 1982 as its founding year. Sales were US$7.2bn, up 17.8%, and profit US$1.1bn. Autodesk holds fourteenth place, unchanged. Market value is US$50.0bn.
Business segments
Architecture, engineering and construction; product design and manufacturing; media and entertainment.
Recent results
Forbes records sales of US$7.2bn, against US$6.1bn in the prior-year column of the same dataset (+17.8%), and profit of US$1,124m.
- Sales (Forbes Global 2000 2026)
- US$7.2bn
- Profit
- US$1,124m
- Market value (15 May 2026)
- US$50.0bn
- Headquarters
- San Francisco, United States
- Employees
- 14,300
- Forbes Global 2000 rank
- 1126
Strengths
- Sales growth of 17.8%
- Industry-standard CAD products
- Broad industry coverage
Limitations
- Profit margin of 16%
- Competition from Dassault
- Construction-cycle exposure
15
French 3D design and product-lifecycle software
Best for: Product-lifecycle and 3D design software
Dassault Systèmes provides software and consulting services, reporting by industry: transportation and mobility, aerospace and defence, high-tech, industrial equipment, infrastructure and energy, architecture and construction, and life sciences and healthcare. Forbes records it was founded by Charles Edelstenne on 9 June 1981 and is headquartered in Vélizy-Villacoublay, France. Sales were US$7.2bn, up 6.0%, and profit US$1.4bn. Slower growth moved it from thirteenth to fifteenth as Synopsys and Autodesk passed it. It is the only French company in the ranking. Market value is US$30.6bn.
Business segments
Industry-based reporting across seven sectors.
Recent results
Forbes records sales of US$7.2bn, against US$6.7bn in the prior-year column of the same dataset (+6.0%), and profit of US$1,423m.
- Sales (Forbes Global 2000 2026)
- US$7.2bn
- Profit
- US$1,423m
- Market value (15 May 2026)
- US$30.6bn
- Headquarters
- Vélizy-Villacoublay, France
- Employees
- 24,997
- Forbes Global 2000 rank
- 1095
Strengths
- Profit margin of 20%
- Strong in aerospace and automotive
- Only French company in the list
Limitations
- Sales growth of 6%
- Fell two places
- Euro reporting
16
Sunnyvale cybersecurity company
Best for: Firewalls and network security
Fortinet provides cybersecurity products for enterprises, service providers, governments and small businesses, across network security, secure access service edge, enterprise networking, security operations, application security and operational technology. Forbes records it was founded by Ken and Michael Xie in October 2000 and is headquartered in Sunnyvale, California. Sales were US$7.1bn, up 19.4%, and profit US$2.0bn, a 27.5% margin. It moved from seventeenth to sixteenth. Market value is US$90.0bn.
Business segments
Network security, SASE, enterprise networking, security operations.
Recent results
Forbes records sales of US$7.1bn, against US$6.0bn in the prior-year column of the same dataset (+19.4%), and profit of US$1,954m.
- Sales (Forbes Global 2000 2026)
- US$7.1bn
- Profit
- US$1,954m
- Market value (15 May 2026)
- US$90.0bn
- Headquarters
- Sunnyvale, United States
- Employees
- 15,109
- Forbes Global 2000 rank
- 947
Strengths
- Profit margin of 27.5%
- Sales growth of 19.4%
- Serves small business to enterprise
Limitations
- Market value below Palo Alto Networks'
- Competes with Palo Alto Networks
- Smaller than Palo Alto
17
ST
Windsor, Connecticut software for financial services and healthcare
Best for: Fund administration and financial software
SS&C Technologies develops software for the financial-services and healthcare industries, with products including Advent Geneva, Axys, DST Vision and AWD. Forbes records it was founded by William C. Stone in March 1986 and is headquartered in Windsor, Connecticut. Sales were US$6.4bn, up 7.5%, and profit US$810m. It fell from sixteenth to seventeenth. Market value is US$15.6bn, the second-lowest in this list.
Business segments
Software and services by geography (US, EMEA, Asia Pacific and Japan, Canada, other Americas).
Recent results
Forbes records sales of US$6.4bn, against US$6.0bn in the prior-year column of the same dataset (+7.5%), and profit of US$810m.
- Sales (Forbes Global 2000 2026)
- US$6.4bn
- Profit
- US$810m
- Market value (15 May 2026)
- US$15.6bn
- Headquarters
- Windsor, United States
- Employees
- 28,800
- Forbes Global 2000 rank
- 1558
Strengths
- Specialist in asset-management software
- Profit margin of 13%
- Large recurring revenue
Limitations
- Second-lowest market value in the list
- Sales growth of 7.5%
- Narrow industry focus
18
Palo Alto mobile advertising software platform
Best for: Mobile advertising software
AppLovin develops and operates a mobile-marketing platform, offering AppDiscovery, MAX, Adjust and SparkLabs, which help app developers market and monetise their applications. Forbes records it was founded in 2011 and is headquartered in Palo Alto. Sales were US$6.2bn, up 30.9%, and profit US$3.9bn, a 63% margin, the highest in this ranking. With 898 employees it generates about US$6.9m of sales per employee, far more than any other company here. Market value is US$168.3bn.
Business segments
Software-based advertising and monetisation platform.
Recent results
Forbes records sales of US$6.2bn, against US$4.7bn in the prior-year column of the same dataset (+30.9%), and profit of US$3,856m.
- Sales (Forbes Global 2000 2026)
- US$6.2bn
- Profit
- US$3,856m
- Market value (15 May 2026)
- US$168.3bn
- Headquarters
- Palo Alto, United States
- Employees
- 898
- Forbes Global 2000 rank
- 881
Strengths
- Profit margin of 63%
- Sales growth of 30.9%
- Very high sales per employee
Limitations
- Revenue depends on ad markets
- Concentrated in mobile apps
- Small workforce
19
CD
San Jose chip and system design software
Best for: Chip-design software
Cadence Design Systems provides products for the design and development of integrated circuits and electronic devices, reporting by geography (Americas, Asia, EMEA, Japan). It is headquartered in San Jose, and Forbes records its founding in June 1988. Sales were US$5.5bn, up 19.1%, and profit US$1.2bn. It moved from twentieth to nineteenth. Its market value of US$95.8bn, close to Synopsys's, is high relative to sales.
Business segments
Chip and electronic-system design products, reported by geography.
Recent results
Forbes records sales of US$5.5bn, against US$4.6bn in the prior-year column of the same dataset (+19.1%), and profit of US$1,171m.
- Sales (Forbes Global 2000 2026)
- US$5.5bn
- Profit
- US$1,171m
- Market value (15 May 2026)
- US$95.8bn
- Headquarters
- San Jose, United States
- Employees
- 13,800
- Forbes Global 2000 rank
- 1117
Strengths
- Sales growth of 19.1%
- Profit margin of 21%
- One of two chip-design software vendors in the list
Limitations
- Smaller than Synopsys
- Semiconductor-cycle exposure
- High valuation
20
San Francisco communications-platform company
Best for: Messaging and voice APIs
Twilio develops communications software and cloud platforms, reporting Twilio Communications (messaging and voice) and Twilio Segment (customer data, Engage, Flex, email) segments. It is headquartered in San Francisco and Forbes records its founding in March 2008. Sales were US$5.3bn, up 18.9%, and profit US$104m, after a loss of US$109m in the prior-year profit column. It moved from twenty-first to twentieth. Market value is US$30.1bn.
Business segments
Twilio Communications and Twilio Segment.
Recent results
Forbes records sales of US$5.3bn, against US$4.5bn in the prior-year column of the same dataset (+18.9%), and profit of US$104m.
- Sales (Forbes Global 2000 2026)
- US$5.3bn
- Profit
- US$104m
- Market value (15 May 2026)
- US$30.1bn
- Headquarters
- San Francisco, United States
- Employees
- 5,587
- Forbes Global 2000 rank
- 1894
Strengths
- Returned to profit
- Sales growth of 18.9%
- Large developer base
Limitations
- Profit margin of 2%
- Usage-based revenue
- Low margins on messaging
21
PT
Data-analytics platform company with government and commercial arms
Best for: Data integration and AI platforms
Palantir Technologies builds and deploys software platforms that serve as operating systems for its customers' data, reporting Commercial and Government segments; its platforms are used in defence, intelligence, health care, energy and financial services. Forbes records it was founded in 2003 and lists its headquarters as Aventura, Florida. Sales were US$5.2bn, up 82.3%, the fastest growth in this ranking, which moved it from twenty-fifth to twenty-first. Profit was US$2.3bn, a 44% margin. Palantir's market value of US$321.2bn is the third-highest in the list, above IBM's and SAP's.
Business segments
Commercial and Government.
Recent results
Forbes records sales of US$5.2bn, against US$2.9bn in the prior-year column of the same dataset (+82.3%), and profit of US$2,282m.
- Sales (Forbes Global 2000 2026)
- US$5.2bn
- Profit
- US$2,282m
- Market value (15 May 2026)
- US$321.2bn
- Headquarters
- Aventura, United States
- Employees
- 4,429
- Forbes Global 2000 rank
- 923
Strengths
- Fastest growth in the ranking
- Market value above IBM's
- Profit margin of 44%
Limitations
- Valuation very high relative to sales
- Government customer concentration
- Smaller sales than peers of similar value
22
Tempe consumer cyber-safety company
Best for: Consumer security software
Gen Digital provides consumer cyber-safety products under brands including Norton, Avast, LifeLock, Avira, AVG and CCleaner. It is headquartered in Tempe, Arizona. Sales were US$5.0bn, up 28.5%, and profit US$973m. It is the only company in the ranking focused on consumer security software. Market value is US$14.2bn, the lowest in the list.
Business segments
Consumer cyber safety: security, privacy and identity protection.
Recent results
Forbes records sales of US$5.0bn, against US$3.9bn in the prior-year column of the same dataset (+28.5%), and profit of US$973m.
- Sales (Forbes Global 2000 2026)
- US$5.0bn
- Profit
- US$973m
- Market value (15 May 2026)
- US$14.2bn
- Headquarters
- Tempe, United States
- Forbes Global 2000 rank
- 1737
Strengths
- Sales growth of 28.5%
- Well-known consumer brands
- Profit margin of 19%
Limitations
- Lowest market value in the list
- Consumer market mature
- Dependent on subscriptions renewals
23
San Jose video and collaboration platform
Best for: Video meetings and collaboration
Zoom Communications provides a communications and collaboration platform and reports by geography: Americas, Asia Pacific and EMEA. Forbes records it was founded by Eric S. Yuan in 2011 and is headquartered in San Jose. Sales were US$4.9bn, up 4.4%, and profit US$1.9bn, a 39% margin. Slow growth moved it from nineteenth to twenty-third. Market value is US$29.5bn.
Business segments
Communications platform reported by geography.
Recent results
Forbes records sales of US$4.9bn, against US$4.7bn in the prior-year column of the same dataset (+4.4%), and profit of US$1,900m.
- Sales (Forbes Global 2000 2026)
- US$4.9bn
- Profit
- US$1,900m
- Market value (15 May 2026)
- US$29.5bn
- Headquarters
- San Jose, United States
- Employees
- 7,438
- Forbes Global 2000 rank
- 1185
Strengths
- Profit margin of 39%
- Strong brand
- Cash-generative
Limitations
- Sales growth of 4.4%
- Fell four places
- Competition from Microsoft Teams
24
Austin cloud-native endpoint security company
Best for: Endpoint security
CrowdStrike provides cloud-delivered protection across endpoints, cloud workloads, identity and data, along with threat intelligence, managed security services, threat hunting and log management. Forbes records it was founded by George Kurtz, Gregg Marston and Dmitri Alperovitch on 7 November 2011 and is headquartered in Austin, Texas. Sales were US$4.8bn, up 21.7%, and it reported a loss of US$183m. It fell from twenty-second to twenty-fourth. Its market value of US$151.2bn is high relative to its sales.
Business segments
Endpoint, cloud, identity and data security; managed services.
Recent results
Forbes records sales of US$4.8bn, against US$4.0bn in the prior-year column of the same dataset (+21.7%), and a loss of US$183m.
- Sales (Forbes Global 2000 2026)
- US$4.8bn
- Profit
- US$-183m
- Market value (15 May 2026)
- US$151.2bn
- Headquarters
- Austin, United States
- Employees
- 10,698
- Forbes Global 2000 rank
- 1486
Strengths
- Sales growth of 21.7%
- Cloud-native platform
- Market value above US$150bn
Limitations
- Net loss
- Fell two places
- High valuation
25
Best for: Cloud data warehousing
Snowflake provides cloud data-warehousing software through its Data Cloud, supporting data warehousing, data lakes, data engineering, data science, application development and data sharing. Forbes records it was founded in 2012 and lists its headquarters as Menlo Park, California. Sales were US$4.7bn, up 29.2%, and it reported a loss of US$1.33bn, the largest loss in this ranking. It holds twenty-fifth place. Market value is US$54.4bn.
Business segments
Data Cloud platform.
Recent results
Forbes records sales of US$4.7bn, against US$3.6bn in the prior-year column of the same dataset (+29.2%), and a loss of US$1,332m.
- Sales (Forbes Global 2000 2026)
- US$4.7bn
- Profit
- US$-1,332m
- Market value (15 May 2026)
- US$54.4bn
- Headquarters
- Menlo Park, United States
- Employees
- 9,060
- Forbes Global 2000 rank
- 1637
Strengths
- Sales growth of 29.2%
- Cloud-native architecture
- Large data ecosystem
Limitations
- Largest loss in the list
- Smallest sales in the list
- Market value far below CrowdStrike's
Changes from the previous ranking
Frequently asked questions
What is the largest software company in the world?
Microsoft, with Forbes sales of US$318.3bn, profit of US$125.2bn and a market value of US$3.13 trillion as of 15 May 2026. Its sales are more than four times those of IBM, the second-largest company in this ranking, and exceed the combined sales of the next eleven companies.
Is IBM a software company?
Software is IBM's largest segment. In 2025 IBM reported software revenue of US$29,962m out of total revenue of US$67,535m, about 44%, ahead of consulting (US$21,055m) and infrastructure (US$15,718m). For that reason it is included in this list, although more than half of its revenue still comes from other businesses.
What is the largest software company outside the United States?
SAP of Walldorf, Germany, with Forbes sales of US$43.3bn, ranks fourth overall. The other non-US companies in the top 25 are Constellation Software of Canada (US$12.1bn) and Dassault Systèmes of France (US$7.2bn).
Which software company is the most profitable?
Microsoft earns the most profit, US$125.2bn. As a share of sales, AppLovin (63%), Palantir (44%), Microsoft (39%) and Zoom (39%) lead the list. Snowflake and CrowdStrike reported losses.
Why are Alphabet and Meta not included?
Forbes places them in the same IT software and services category, but their revenue comes mainly from advertising on internet platforms rather than from selling software. They are therefore excluded, along with Tencent, Baidu and NetEase, and IT-services firms such as Accenture.
Which software company is growing fastest?
Palantir, whose Forbes sales rose 82.3% to US$5.2bn, moving it from twenty-fifth to twenty-first. Synopsys (31.9%), AppLovin (30.9%), Snowflake (29.2%) and Gen Digital (28.5%) follow. Microsoft grew 21.6%, unusually fast for a company of its size.
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