What is a Fortune 500 company?

The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along with privately held companies for which revenues are publicly available.

What companies are on the Fortune 500?

In the 1990s service companies such as Walmart and AT&T Corporation made their entrance to the list. Today’s list includes technology companies such as Amazon.com and Apple Inc. Fortune 500, annual list published by Fortune magazine ranking 500 of the largest companies incorporated and operated in the United States.

Is the Fortune 500 a public or private company?

The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the Fortune 500 was created by Edgar P. Smith, a Fortune editor, and the first list was published in 1955. The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000.

Which service companies made the top 10 in the Fortune 500?

Three of the newly included service companies even made the top 10 listings in the Fortune 500. Walmart ranked fourth, AT&T was number five, and Sears Roebuck took the ninth spot on the list. Walmart has spent several years at number one—a position it would not have held if this change didn't occur.