The Office of the Governor of the State of California

06/04/2025 | Press release | Distributed by Public on 06/04/2025 09:23

California leads the nation — again — with most Fortune 500 companies

SACRAMENTO - For the second year in a row, California ranks highest on Fortune 500's list as the state with the most corporations generating the largest revenues. As host to 58 Fortune 500 companies, California leads the nation - followed by Texas with 54 and New York with 53.

The new rankings, based on fiscal year 2024 revenue, were compiled before the implementation of President Trump's tariff slump, which is estimated to cost the state $16 billion in lost revenue.

"There's nowhere better for innovation and growth than the 4th largest economy in the world that attracts and retains world-class dreamers and doers - as illustrated by the 58 Fortune 500 companies that call California home."

Governor Gavin Newsom

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