Top 10 Most Profitable Companies in the World in 2024

Updated on:

Profitable Companies

The list of the world’s most profitable companies indicates the nations with the most economic clout as well as the most influential industries. All but one of the ten most profitable firms are headquartered in the United States or China, the two economies with the greatest combined GDPs in the world. Importantly, financial services corporations make up half of the list’s members; the other companies are in the technology and energy sectors.

This list only contains firms that are OTC and directly or indirectly listed on U.S. exchanges via ADRs. Notably, technology companies account for three of the world’s most lucrative businesses. The top ten technological companies are all American-based. Four of the five businesses on the list are headquartered in China, and the majority of them get significant financial backing from the country’s central government. According to trailing twelve months (TTM) net income, these are the top ten most lucrative businesses. TradingView is the source of the data.

Also, read: Top Ten Profitable Home-Based Businesses: Turn Your Home Into a Thriving Workplace

Top 10 Most Profitable Companies in the World in 2024

In the fast-paced arena of global commerce, certain corporations stand head and shoulders above the rest, dominating markets and redefining success. As we delve into the realm of the Top 10 Most Profitable Companies in the World in 2024, we uncover the strategies, innovations, and sheer determination propelling these industry titans to unparalleled heights of prosperity.

1. Saudi Aramco (Profit: $483.8 billion)

Saudi Aramco, the Saudi Arabian oil and gas giant, takes the crown as the world’s most profitable company in 2024, raking in a staggering $483.8 billion. This dominance can be attributed to several factors: its position as the world’s largest oil producer by volume, its low operating costs, and government subsidies. However, their success isn’t solely driven by oil.

Top 10 Most Profitable Companies in the World in 2024

Aramco has been strategically diversifying its portfolio into renewable energy and petrochemicals, aiming for sustainable, long-term growth. While concerns about peak oil and climate change loom, Aramco’s immense resources and adaptability position it as a formidable player in the global energy landscape. Whether they can maintain their top spot in the coming years, however, will depend on their ability to navigate the evolving energy landscape and adapt to a lower-carbon future.

2. Alphabet Inc. (Google) (Profit: $161.9 billion)

Despite not claiming the top spot, Alphabet Inc, the parent company of Google, remains a dominant force, securing the second position among the world’s most profitable companies in 2024 with a staggering $161.9 billion profit. This remarkable achievement stems from Google’s continued strength in online advertising, a market it largely leads. Additionally, diversification into areas like cloud computing (through Google Cloud) and self-driving cars (through Waymo) has helped mitigate risks and fuel growth.

Top 10 Most Profitable Companies in the World in 2024

However, challenges like increasing competition, privacy concerns, and regulatory scrutiny loom on the horizon. Whether Alphabet can maintain its profitability position in the face of these headwinds remains to be seen, but its track record of innovation and adaptation suggests it’s well-equipped to navigate the complexities of the ever-evolving tech landscape.

Also, read: Ten most useful business apps for Business owners

3. Berkshire Hathaway Inc. (Profit: $116.1 billion)

Berkshire Hathaway, the brainchild of legendary investor Warren Buffett, raked in $116.1 billion in profits in 2024, solidifying its position as the third most profitable company globally. This diversified holding company is a testament to Buffett’s value investing philosophy, which focuses on acquiring undervalued businesses with strong fundamentals for the long term.

Top 10 Most Profitable Companies in the World in 2024

From insurance giants like Geico to energy companies like Berkshire Hathaway Energy, the company’s portfolio spans various sectors, mitigating risk and ensuring consistent returns. Notably, Berkshire Hathaway’s success isn’t solely financial; it prioritizes corporate social responsibility and shareholder value, solidifying its reputation as a beacon of stability and ethical practices in the corporate world.

4. Apple Inc. (Profit: $99.8 billion)

Apple solidified its position as a global financial powerhouse in 2024, securing the 4th spot among the world’s most profitable companies with a net profit of $99.8 billion. This consistent performance reflects the enduring strength of its iPhone franchise, which continues to drive sales despite rising competition. A loyal customer base and a diversified product portfolio encompassing Mac computers, iPads, wearables, and services further solidify Apple’s financial footing.

Top 10 Most Profitable Companies in the World in 2024

However, the tech giant isn’t without its challenges. Rising competition from smartphone makers like Samsung and budget-friendly brands, potential economic downturns, and geopolitical tensions are all factors that could impact future profitability. Despite these headwinds, Apple’s iconic brand, loyal following, and continuous innovation position it well to weather the storm and remain a major player in the ever-evolving tech landscape.

Also, read: Top 10 Venture Capitalists Supporting Sustainable Initiatives

5. Microsoft Corporation (Profit: $72.2 billion)

Microsoft Corporation, with a staggering profit of USD 72.2 billion. This tech giant, known for its software, hardware, and cloud computing services, has consistently shown impressive financial performance, solidifying its position as a global leader in the industry. Microsoft’s success can be attributed to several factors, including its diversified product portfolio, its strong focus on cloud computing (with Azure being a major player), and its commitment to innovation.

Top 10 Most Profitable Companies in the World in 2024

The company’s gaming division, Xbox, is also a major contributor to its bottom line, with popular titles like Halo and Forza driving sales. Looking ahead, Microsoft is well-positioned for continued growth, with its cloud business and its expansion into new areas like artificial intelligence holding immense potential.

6. Inc. (Profit: $33.3 billion)

In 2024, Inc. will emerge as an indisputable juggernaut in the global marketplace, boasting an impressive profit of $33.3 billion. As the e-commerce giant continues to revolutionize the retail landscape, its relentless focus on customer-centric innovation and operational efficiency propels its profitability to unprecedented heights.

Amazon’s diverse ecosystem, comprising Prime memberships, AWS cloud services, and an ever-expanding array of products and services, solidifies its position as a leader across multiple industries. Leveraging cutting-edge technologies such as AI and machine learning, Amazon optimizes logistics, enhances customer experiences, and drives sales growth.

Top 10 Most Profitable Companies in the World in 2024

Additionally, strategic acquisitions and investments further bolster its market dominance, expanding its reach into new markets and reinforcing its competitive advantage. With a relentless pursuit of excellence and a commitment to long-term value creation, Inc. continues to shape the future of commerce, setting the standard for profitability and innovation in the digital age.

Also, read: The Top Ten Digital Marketing Strategies to Dominate the Online Landscape

7. Tesla Inc. (Profit: $12.6 billion)

Tesla Inc. emerged as a formidable force in the global market, boasting a staggering profit of $12.6 billion. With its relentless pursuit of innovation and sustainable energy solutions, Tesla solidified its position as a leader in the automotive and clean energy sectors. Spearheaded by visionary CEO Elon Musk, Tesla continued to disrupt traditional industries, pushing the boundaries of electric vehicles and renewable energy technologies.

Throughout the year, Tesla achieved remarkable milestones, including the expansion of its Gigafactories worldwide and the launch of groundbreaking products like the Tesla Cybertruck and the Tesla Semi. Furthermore, Tesla’s solar energy division experienced exponential growth, with an increasing number of residential and commercial customers adopting Tesla’s solar panels and energy storage solutions.

Top 10 Most Profitable Companies in the World in 2024

Amidst global efforts to combat climate change, Tesla’s commitment to environmental sustainability resonated strongly with consumers, driving demand for its products and solidifying its profitability. As Tesla continues to revolutionize transportation and energy, its $12.6 billion profit in 2024 underscores its status as one of the most influential and profitable companies in the world.

8. Meta Platforms Inc. (Facebook) (Profit: $27.4 billion)

Meta Platforms Inc., formerly Facebook, sits at a crossroads. While its $27.4 billion profit showcases its financial might, questions linger about its future trajectory. Ad revenue, its core business, faces headwinds from TikTok’s competition and economic slowdowns. Its ambitious “metaverse” project, aiming to revolutionize online interaction, burns billions but remains largely undefined, sparking investor concerns.

Top 10 Most Profitable Companies in the World in 2024

Despite these challenges, Meta’s immense user base across Facebook, Instagram, and WhatsApp offers a strong foundation. Strategic acquisitions like Oculus in VR and investments in AI research hint at innovation potential. Whether Meta can adapt to evolving user preferences, navigate regulatory hurdles, and monetize the metaverse effectively will determine its future standing among the world’s financial giants.

Also, read: Top Ten largest steel companies in the world

9. Johnson & Johnson (Profit: $23.2 billion)

Despite ranking 9th on the global profitability list with $23.2 billion, Johnson & Johnson (J&J) stands out for its consistent growth and diverse healthcare portfolio. Unlike oil giants dominating the top spots, J&J’s success stems from its pharmaceutical, medical device, and consumer health divisions, all of which are experiencing strong performance.

Leading the pack is their pharmaceutical division, which produces cutting-edge medications including Stelara for autoimmune disorders and Darzalex for cancer. Medical devices, including robotic surgery systems like Mako, are also seeing steady growth. While consumer health, known for Band-Aid and Tylenol, contributes less profit, it remains a stable base. J&J’s recent split into two publicly traded companies, one focusing on pharmaceuticals and medical devices, and the other on consumer health, aims to further unlock growth potential.

Top 10 Most Profitable Companies in the World in 2024

With a focus on innovation, strategic acquisitions, and addressing unmet medical needs, J&J is poised to remain a major player in the healthcare landscape, potentially climbing the profitability ladder in the years to come.

10. Exxon Mobil Corporation (Profit: $41.4 billion)

Despite facing global energy transitions and pressure from renewable alternatives, Exxon Mobil remains a force to be reckoned with, ranking 10th among the world’s most profitable companies in 2024 with $41.4 billion in net profits. This success stems from their massive oil and gas reserves, efficient operations, and strategic investments. However, their future hinges on navigating the energy shift.

Top 10 Most Profitable Companies in the World in 2024

While they invest in biofuels and carbon capture technologies, their core business faces uncertainty. The company’s profitability might be sustained in the short term, but long-term success will depend on its ability to adapt and embrace the evolving energy landscape.

Also, read: Top 10 Venture Capital Companies in the World


Q: Why is Saudi Aramco so profitable?

Their massive oil reserves, high production volume, and strategic location play a significant role. Additionally, their low operating costs and government subsidies contribute to their profitability.

Q: How did tech giants like Google and Microsoft make the top 5?

Diversification, innovation, and subscription-based services are key factors. Google’s dominance in online advertising and Microsoft’s strong cloud computing business have been major drivers.

Q: Is it surprising to see Tesla on the list?

While not yet a profit giant, Tesla’s rapid growth and disruption in the electric vehicle market have made it a rising star. Their future profitability potential is highly debated.

Also, read: Top Ten Ways to Get Funding for Your Business

Q: Are there any surprising omissions from the top 10?

Yes, some large companies like Walmart or China Mobile might be expected by some. Their lower profit margins compared to others on the list explain their absence.

Q: What trends might affect the future profitability of these companies?

Factors like shifting consumer preferences, technological advancements, and regulatory changes could all impact future rankings. Sustainable practices and social responsibility are gaining importance, potentially influencing profitability.

Q: Which companies outside the top 10 are worth watching due to their potential for future profit growth?

This is open to discussion and depends on individual analysis. Industries like renewable energy, healthcare, and artificial intelligence could hold promising contenders.


As we conclude our exploration of the Top 10 Most Profitable Companies in the World in 2024, it’s evident that these industry titans are not just shaping markets—they’re shaping the future. With innovation, sustainability, and a commitment to excellence at their core, they continue to redefine what it means to be successful in the global arena.

Also, read: Top 10 Edge Computing Companies in the World

Share on:

Leave a Comment

Top ten Largest Stock Exchanges in the World Ten Best Luxury Cars In The World Top ten Most Expensive Watches in the World Top ten Cristiano Ronaldo Facts No One Tells You Top ten Electric Vehicle Technologies Top ten Myths About Electric Vehicle Maintenance Busted Top 10 International Airports in the World Top 10 Airlines in the World Top 10 Strongest Army in the World Top Ten Tips for Managing Diabetes in Dogs Top 10 Risk Factors for Diabetes in Dogs Top 10 Signs of Diabetes in Dogs Top ten Best Fighting Video Games Of All Time Top ten Best Selling Singles of All Time