Ranked: Profit Margins of the World’s Largest Companies

How Much Profit Do the World’s Biggest Companies Keep? Key Takeaways Nvidia generates $55.60 in profit for every $100 in revenue, the highest margin among the Fortune Global 500’s 30 largest companies.

Why Tech Keeps More of Every $100 Revenue measures how much money flows through a company, but not how much ultimately reaches the bottom line. Across the world’s largest companies, Big Tech stands apart in how much of that revenue becomes profit. RankNameProfit per $100 in Revenue (2026)Profit 1Nvidia$55.60$120B 2Microsoft$36.10$102B 3Alphabet$32.80$132B 4Meta$30.10$60B 5Apple$26.90$112B 6Industrial & Commercial Bank of China$24.30$51B 7Saudi Aramco$20.80$93B 8JPMorgan Chase$20.30$57B 9Berkshire Hathaway$18.00$67B 10Samsung Electronics$13.30$31B 11Amazon$10.80$78B 12ExxonMobil Holdings$8.70$29B 13Toyota Motor$7.60$26B 14Shell$6.50$18B 15China National Petroleum$5.30$21B 16Walmart$3.10$22B 17Costco Wholesale$2.90$8B 18UnitedHealth Group$2.70$12B 19Hon Hai Precision Industry$2.30$6B 20Volkswagen$2.30$8B 21Cigna Group$2.20$6B 22State Grid$2.00$11B 23Sinopec Group$1.40$5B 24McKesson$1.20$5B 25Trafigura Group$1.10$3B 26China State Construction Engineering$1.10$3B 27Cardinal Health$0.70$2B 28Cencora$0.50$2B 29CVS Health$0.40$2B 30Glencore$0.10$0.4B Profits rounded to the nearest 10 cents. The gap is striking even among corporate giants. Microsoft generates $36.10 in profit for every $100 in revenue, compared with roughly $3 for Walmart and Costco. Enormous revenue does not necessarily translate into an equally large profit margin. Much of the difference comes down to business models. Software and digital platforms can serve additional customers at relatively low incremental cost, while retailers, manufacturers, and energy companies must continually pay for inventory, labor, raw materials, logistics, or production. AI Is Rewriting Big Tech’s Business Model The margins shown above reflect today’s business models, but AI is making many of those models more capital-intensive. Microsoft, Alphabet, Meta, and Amazon are pouring hundreds of billions of dollars into AI infrastructure. Hyperscaler capital spending is on track to reach $785 billion in 2026 and rise to nearly $1 trillion in 2027. Nvidia is a major beneficiary of this investment. As a dominant supplier of AI chips, it sits at the center of the infrastructure buildout, while its CUDA software ecosystem can make switching to rival chips more difficult for developers. On the flipside, the scale of AI investment is raising capital costs across Big Tech. As infrastructure spending climbs, those costs could begin to reshape the margins that currently put many tech companies near the top of this ranking.

TSMC led the ranking with $100 billion in announced investment tied to its Arizona expansion. The top 10 companies accounted for more than a quarter of the $1.3 trillion in new foreign investments announced globally. In 2025, multinational companies announced more than $1.3 trillion in new foreign investments, up 2.2% from the previous year. The largest commitments spanned semiconductor fabs, data centers, energy projects, and other major infrastructure. This visualization ranks the 10 largest foreign investors of 2025 using announced investments from The fDi Report 2026.

Amid record profits and rising demand for its chips, the company planned to use the investment to accelerate production at its facilities in the Phoenix area. The expansion is projected to create more than 18,000 jobs.

These facilities, known as “fabs,” were designed to reduce semiconductor supply-chain risk by shifting some production away from Taiwan. The company steadily expanded its investment over the following years as U.S.-China tensions increased, particularly around advanced chip technology. TSMC plans to produce some of its most advanced chips in Arizona as part of a 2024 deal with the U.S. government. Despite labor challenges and higher costs, TSMC has continued to deepen its investment in Arizona.

Free-Flowing Tech Capital TSMC stood well ahead of the field, but tech companies dominated the ranking overall, taking five of the top 10 spots. ByteDance, the Chinese parent company of TikTok, ranked second with $45.1 billion in announced investment. Nearly $40 billion of that total came from plans to build a major data center in Brazil, a project expected to create roughly 5,000 jobs. Big Tech firms including Alphabet ($25.1 billion) and Microsoft ($17.7 billion) also announced sizable foreign investments. Alphabet subsidiary Google, for example, pledged more than $5 billion for a large data center campus in Belgium to help meet growing demand for Google Cloud. The Non-Tech Firms Want In Too Digital infrastructure also shaped the investment priorities of companies outside the tech sector, particularly in Europe. Emirati state-owned investment firm MGX Fund Management, for example, focuses heavily on global AI technologies. The company announced about $43.4 billion in investment, including a major French data center project aimed at creating one of Europe’s largest campuses of its kind. Meanwhile, Canadian firm Brookfield Asset Management also targeted Europe’s AI and digital infrastructure market. Brookfield pledged about $28.2 billion in greenfield FDI in 2025, primarily for projects in France and Sweden. Its announced investments are expected to create roughly 4,800 jobs.