Company Rankings

Largest Software Companies (2026)

The 25 largest software companies in the world ranked by sales in the Forbes Global 2000 2026, from Microsoft, IBM and Oracle to Snowflake.

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
  1. Overview
  2. Sector context
  3. Methodology notes
  4. Methodology
  5. The list
  6. Full ranking table
  7. Changes from the previous ranking
  8. By country
  9. Recent developments
  10. Frequently asked questions
  11. 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

Microsoft

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

IBM

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

Oracle

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

SAP

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

Salesforce

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

Adobe

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

Intuit

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

ServiceNow

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

Constellation Software

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

Palo Alto Networks

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

Workday

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

Roper Technologies

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

Synopsys

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

Autodesk

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

Dassault Systèmes

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

Fortinet

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

SS&C Technologies

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

AppLovin

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

Cadence Design Systems

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

Twilio

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

Palantir Technologies

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

Gen Digital

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

Zoom Communications

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

CrowdStrike

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

Snowflake

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

Full ranking table

RankCompanyCountrySalesProfitMarket valueEmployeesGlobal 2000 rank
1MicrosoftUnited StatesUS$318.3bn[2]US$125,216mUS$3134.2bn228,0008
2IBMUnited StatesUS$68.9bn[2]US$10,754mUS$206.1bn286,80078
3OracleUnited StatesUS$64.1bn[2]US$16,210mUS$554.9bn162,00052
4SAPGermanyUS$43.3bn[2]US$8,666mUS$195.6bn110,650165
5SalesforceUnited StatesUS$41.5bn[2]US$7,457mUS$141.9bn83,334158
6AdobeUnited StatesUS$24.5bn[2]US$7,208mUS$100.1bn31,360359
7IntuitUnited StatesUS$20.1bn[2]US$4,340mUS$108.7bn18,200379
8ServiceNowUnited StatesUS$14.0bn[2]US$1,757mUS$98.0bn29,187629
9Constellation SoftwareCanadaUS$12.1bn[2]US$741mUS$40.2bn69,0001040
10Palo Alto NetworksUnited StatesUS$9.9bn[2]US$1,282mUS$198.1bn16,068719
11WorkdayUnited StatesUS$9.5bn[2]US$693mUS$32.1bn21,0001165
12Roper TechnologiesUnited StatesUS$8.1bn[2]US$1,714mUS$32.4bn19,400801
13SynopsysUnited StatesUS$8.0bn[2]US$1,105mUS$96.2bn28,000721
14AutodeskUnited StatesUS$7.2bn[2]US$1,124mUS$50.0bn14,3001126
15Dassault SystèmesFranceUS$7.2bn[2]US$1,423mUS$30.6bn24,9971095
16FortinetUnited StatesUS$7.1bn[2]US$1,954mUS$90.0bn15,109947
17SS&C TechnologiesUnited StatesUS$6.4bn[2]US$810mUS$15.6bn28,8001558
18AppLovinUnited StatesUS$6.2bn[2]US$3,856mUS$168.3bn898881
19Cadence Design SystemsUnited StatesUS$5.5bn[2]US$1,171mUS$95.8bn13,8001117
20TwilioUnited StatesUS$5.3bn[2]US$104mUS$30.1bn5,5871894
21Palantir TechnologiesUnited StatesUS$5.2bn[2]US$2,282mUS$321.2bn4,429923
22Gen DigitalUnited StatesUS$5.0bn[2]US$973mUS$14.2bnn/a1737
23Zoom CommunicationsUnited StatesUS$4.9bn[2]US$1,900mUS$29.5bn7,4381185
24CrowdStrikeUnited StatesUS$4.8bn[2]US$-183mUS$151.2bn10,6981486
25SnowflakeUnited StatesUS$4.7bn[2]US$-1,332mUS$54.4bn9,0601637

Changes from the previous ranking

Ordered by the prior-year sales column of the Forbes dataset, the same 25 companies would have ranked as follows where positions differ.

  • SAP passed Salesforce for fourth.
  • Synopsys rose from fifteenth to thirteenth; Dassault Systèmes fell from thirteenth to fifteenth.
  • Fortinet passed SS&C for sixteenth.
  • Palantir rose from twenty-fifth to twenty-first, the largest move.
  • Zoom fell from nineteenth to twenty-third and CrowdStrike from twenty-second to twenty-fourth.

By country

CountryCompaniesLargestCombined sales
United States22MicrosoftUS$649.2bn
Germany1SAPUS$43.3bn
Canada1Constellation SoftwareUS$12.1bn
France1Dassault SystèmesUS$7.2bn

US companies account for 91% of combined sales. SAP is the only non-US company in the top ten.

Recent developments

  • November 2025: Salesforce completed its acquisition of Informatica.
  • January 2026: IBM reported 2025 revenue of US$67.5bn, with software revenue up 11%.
  • February 2026: Palo Alto Networks completed its acquisition of CyberArk.
  • June 2026: Forbes published the Global 2000 2026.

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.

See also

Categories: Company Rankings All lists

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