Ranking of the 50 most profitable companies worldwide 2020
In fiscal year 2020, Apple posted the highest net revenue of any company in the world, with profits of 57.4 billion U.S. dollars. Saudi Aramco, SoftBank Group, the Industrial & Commercial Bank of China, and Microsoft rounded out the top five spots in the ranking of most profitable companies.
What is net income?
Net income, or net profit, is the figure that gives the most complete overview of a company’s profitability: Net income accounts for all money that flows in and out of a company, and is calculated as the revenue of a company less all operating expenses, debt payments, interest paid, income from subsidiary holdings, taxes, etc. Different industries have different net profit margins, with corporations in the financial industry reporting about 380 billion U.S. dollars of profit in 2018.
The Apple doesn’t fall far
In terms of market value, Apple was third-largest company in the world in 2019. Since the beginning of the new millennium, Apple has reported ever rising amounts of worldwide revenue, with iPhone sales leading the charge.
What is net income?
Net income, or net profit, is the figure that gives the most complete overview of a company’s profitability: Net income accounts for all money that flows in and out of a company, and is calculated as the revenue of a company less all operating expenses, debt payments, interest paid, income from subsidiary holdings, taxes, etc. Different industries have different net profit margins, with corporations in the financial industry reporting about 380 billion U.S. dollars of profit in 2018.
The Apple doesn’t fall far
In terms of market value, Apple was third-largest company in the world in 2019. Since the beginning of the new millennium, Apple has reported ever rising amounts of worldwide revenue, with iPhone sales leading the charge.
