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.
Values are profits after taxes, extraordinary credits or charges, cumulative effects of accounting changes, and noncontrolling (minority) interests, but before preferred dividends. Figures for non-U.S. companies have been converted to U.S. dollars at the average exchange rate during each company’s fiscal year (ended Dec. 31, 2019, unless otherwise noted).
Values have been rounded.
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Fortune. (August 10, 2021). Leading companies in the world in 2020, by net income (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 24, 2022, from https://www.statista.com/statistics/269857/most-profitable-companies-worldwide/
Fortune. "Leading companies in the world in 2020, by net income (in billion U.S. dollars)." Chart. August 10, 2021. Statista. Accessed May 24, 2022. https://www.statista.com/statistics/269857/most-profitable-companies-worldwide/
Fortune. (2021). Leading companies in the world in 2020, by net income (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 24, 2022. https://www.statista.com/statistics/269857/most-profitable-companies-worldwide/
Fortune. "Leading Companies in The World in 2020, by Net Income (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Aug 2021, https://www.statista.com/statistics/269857/most-profitable-companies-worldwide/
Fortune, Leading companies in the world in 2020, by net income (in billion U.S. dollars) Statista, https://www.statista.com/statistics/269857/most-profitable-companies-worldwide/ (last visited May 24, 2022)