This list comprises the largest companies currently in Europe by revenue as of 2023, according to the Fortune 500 tally of companies and Forbes.
In 2022, largest company in Europe was Shell with revenue of US$386 billion. [1] Energi Danmark Group had largest revenue growth on Fortune 500 list. [2]
These are the top 10 countries with the highest revenues from the top 500 companies as of August 2023. [3]
| Rank | Country | Companies |
|---|---|---|
| 1 |  Germany | 28 |
| 2 |  France | 24 |
| 3 |  United Kingdom | 10 |
| 3 |  Italy | 10 |
| 5 |  Switzerland | 9 |
| 5 |  Spain | 9 |
| 7 |  Netherlands | 4 |
| 8 |  Austria | 1 |
| 8 |  Belgium | 1 |
| 8 |  Ireland | 1 |
| 8 |  Luxembourg | 1 |
| 8 |  Norway | 1 |
| 8 |  Poland | 1 |
| 8 |  Sweden | 1 |
Below are the 100 largest companies by revenue in 2023 (mostly for fiscal year 2022), according to the Fortune 500 list. [3] Note that this list mostly includes public companies. Many private companies like Lidl (Schwarz Gruppe) or Aldi, to give a just two examples, are hence missing.
| Rank | Company | Industry | Revenue (US$ billions) | Headquarters |
|---|---|---|---|---|
| 1 | Shell | Oil and gas | 386.201 | United Kingdom |
| 2 | Volkswagen | Automotive | 293.685 | Germany |
| 3 | Uniper | Electric utility | 288.309 | Germany |
| 4 | TotalEnergies | Oil and gas | 263.310 | France |
| 5 | Glencore | Conglomerate | 255.984 | Switzerland |
| 6 | BP | Oil and gas | 248.891 | United Kingdom |
| 7 | Stellantis | Automotive | 188.888 | Netherlands |
| 8 | Gazprom | Oil and gas | 167.832 |  Russia |
| 9 | Mercedes-Benz Group | Automotive | 157.782 | Germany |
| 10 | Électricité de France | Electric utility | 150.902 | France |
| 11 | Equinor | Petroleum industry | 150.806 | Norway |
| 12 | BMW | Automotive | 149.991 | Germany |
| 13 | Enel | Electric utility | 147.790 | Italy |
| 14 | Eni | Oil and gas | 140.607 | Italy |
| 15 | Allianz | Financial services | 129.059 | Germany |
| 16 | E.ON | Electric utility | 121.646 | Germany |
| 17 | Deutsche Telekom | Telecommunications | 120.108 | Germany |
| 18 | Engie | Electric utility | 109.175 | France |
| 19 | Axa | Insurance | 109.067 | France |
| 20 | DHL | Courier | 99.324 | Germany |
| 21 | Banco Santander | Financial services | 99.231 | Spain |
| 22 | Nestlé | Consumer goods | 98.931 | Switzerland |
| 23 | Bosch | Conglomerate | 92.777 | Germany |
| 24 | BASF | Chemicals | 91.847 | Germany |
| 25 | Ahold Delhaize | Retail | 91.486 | Netherlands |
| 26 | Carrefour | Retail | 90.062 | France |
| 27 | BNP Paribas | Financial services | 88.564 | France |
| 28 | HSBC | Financial services | 87.897 | United Kingdom |
| 29 | Crédit Agricole | Financial services | 86.471 | France |
| 30 | Assicurazioni Generali | Financial services | 85.750 | Italy |
| 31 | Dior | Luxury goods | 83.283 | France |
| 32 | Maersk | Conglomerate | 81.529 |  Denmark |
| 33 | ArcelorMittal | Steel | 79.844 | Luxembourg |
| 34 | Tesco | Retail | 79.687 | United Kingdom |
| 35 | Siemens | Conglomerate | 77.860 | Germany |
| 36 | Munich Re | Financial services | 75.747 | Germany |
| 37 | Repsol | Oil and gas | 72.536 | Spain |
| 38 | Roche | Pharmaceuticals | 69.596 | Switzerland |
| 39 | Vinci | Construction | 65.750 | France |
| 40 | OMV | Oil and gas | 65.523 | Austria |
| 41 | SocGen | Financial services | 63.417 | France |
| 42 | Unilever | Consumer goods | 63.182 | United Kingdom |
| 43 | Orlen | Oil and gas | 62.326 | Poland |
| 44 | Airbus | Aeronautics and defence | 61.805 | Netherlands , France , Germany , Spain |
| 45 | Accenture | Consulting | 61.594 | Ireland |
| 46 | Louis Dreyfus Company | Consulting | 59.931 | Netherlands |
| 47 | Deutsche Bahn | Transport | 59.210 | Germany |
| 48 | EnBW | Electric utility | 58.901 | Germany |
| 49 | AB InBev | Beverages | 57.786 | Belgium |
| 50 | Iberdrola | Electric utility | 56.741 | Spain |
| 51 | Talanx | Financial services | 56.029 | Germany |
| 52 | Sberbank | Financial services | 55.877 | Russia |
| 53 | Saint-Gobain | Building materials | 53.847 | France |
| 54 | Daimler Truck | Automotive | 53.582 | Germany |
| 55 | Bayer | Pharmaceuticals | 53.365 | Germany |
| 56 | Novartis | Pharmaceuticals | 51.828 | Switzerland |
| 57 | LyondellBasell | Chemicals | 50.451 | Netherlands |
| 58 | Renault | Automotive | 49.924 | France |
| 59 | Edeka | Retail | 49.481 | Germany |
| 60 | Energi Danmark Group | Energy production | 48.717 | Denmark |
| 61 | ING | Financial services | 48.062 | Netherlands |
| 62 | Sanofi | Pharmaceuticals | 47.738 | France |
| 63 | Groupe BPCE | Financial services | 47.723 | France |
| 64 | Vodafone | Telecommunications | 47.550 | United Kingdom |
| 65 | Volvo | Heavy equipment | 46.828 | Sweden |
| 66 | Bouygues | Conglomerate | 46.696 | France |
| 67 | INGKA | Retail | 46.135 | Netherlands |
| 68 | ZF Friedrichshafen | Auto and truck parts | 46.068 | Germany |
| 69 | Swiss Re | Financial services | 45.998 | Switzerland |
| 70 | Exor | Investment | 45.977 | Netherlands |
| 71 | BBVA | Financial services | 45.776 | Spain |
| 72 | Orange | Telecommunications | 45.721 | France |
| 73 | Veolia | Environmental services | 45.105 | France |
| 74 | Barclays | Financial services | 45.023 | United Kingdom |
| 75 | ThyssenKrupp | Conglomerate | 44.502 | Germany |
| 76 | AstraZeneca | Pharmaceuticals | 44.351 | United Kingdom |
| 77 | SNCF | Transport | 43.594 | France |
| 78 | Chubb | Insurance | 43.166 | Switzerland |
| 79 | GSK | Pharmaceuticals | 43.035 | United Kingdom |
| 80 | Fresenius | Medical equipment | 42.954 | Germany |
| 81 | UBS | Financial services | 42.950 | Switzerland |
| 82 | Deutsche Bank | Financial services | 42.285 | Germany |
| 83 | Telefónica | Telecommunications | 42.063 | Spain |
| 84 | Zurich Insurance Group | Financial services | 41.750 | Switzerland |
| 85 | Continental | Auto and truck parts | 41.449 | Germany |
| 86 | Kuehne + Nagel | Logistics | 41.278 | Germany |
| 87 | RWE | Electricity generation | 40.352 | Germany |
| 88 | L'Oréal | Cosmetics | 40.241 | France |
| 89 | Intesa Sanpaolo | Financial services | 38.836 | Italy |
| 90 | Phoenix Pharmahandel | Pharmaceuticals | 38.045 | Germany |
| 91 | Sainsbury's | Retail | 37.910 | United Kingdom |
| 92 | X5 Group | Retail | 37.494 | Russia |
| 93 | GasTerra | Oil and gas | 37.338 | Netherlands |
| 94 | La Poste | Courier | 37.224 | France |
| 95 | Hapag-Lloyd | Container shipping | 37.224 | Germany |
| 96 | Schneider Electric | Electrical equipment | 35.945 | France |
| 97 | Finatis | Pharmaceutical and Food industry | 35.851 | France |
| 98 | ELO Group | Pharmaceutical and Food industry | 35.799 | France |
| 99 | Naturgy | Oil and gas | 35.723 | Spain |
| 100 | ACS Group | Engineering | 35.355 | Spain |
Deutsche Telekom AG is a German telecommunications company headquartered in Bonn and is the largest telecommunications provider in Europe by revenue. It was formed in 1995 when Deutsche Bundespost, a state monopoly at the time, was privatized. Since then, Deutsche Telekom has consistently featured among FortuneMagazine's top Global 500 companies by revenue, with its ranking as of 2023 at number 79. In 2023, the company was ranked 41st in the Forbes Global 2000. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile. It is the world's fifth-largest telecommunications company by revenue.
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. 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.
The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world, published by Forbes magazine. "The Global 2000" annual ranking is assembled by Forbes using a weighted assessment of four metrics: sales, profit, assets and market value. The list has been published annually since 2003.
Saudi Basic Industries Corporation, known as SABIC, is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul.
Eni S.p.A. is an Italian multinational energy company headquartered in Rome. It is considered one of the "supermajor" oil companies in the world, with a market capitalization of €50 billion, as of 31 December 2023. The Italian government owns a 30.33% golden share in the company, 4.37% held through the Ministry of Economy and Finance and 25.96% through the Cassa Depositi e Prestiti. The company is a component of the Euro Stoxx 50 stock market index.
Arrow Electronics is an American Fortune 500 company headquartered in Centennial, Colorado. A global provider of electronic components and enterprise computing products, the company specializes in distribution and value-added services for original equipment manufacturers, value-added resellers, managed service providers, contract manufacturers and other commercial customers. The company was ranked No. 109 in the 2023 Fortune 500 list of the largest United States corporations by total revenue. The company has also been recognized for 11 consecutive years at the top of its industry ranking on Fortune's “World’s Most Admired Companies” list.
Lithia Motors, Inc. is an American nationwide automotive dealership group headquartered in Medford, Oregon. It is the third largest new vehicle automotive dealership group in the United States, below AutoNation and Penske Automotive Group. As of May, 2024, Lithia operates 298 stores in the United States, 14 stores in Canada and 170 in the United Kingdom. Lithia Motors employs approximately 21,150 people.
The Fortune Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine.
Paycom Software, Inc., known simply as Paycom, is an American online payroll and human resource software provider based in Oklahoma City, Oklahoma with offices throughout the United States. It is attributed with being one of the first fully online payroll providers. It has been recognized by Fortune and Forbes as one of the fastest-growing publicly traded companies in the world, and as one of the World's Most Innovative Enterprise Companies by Fast Company in 2022. Founded in 1998, it reported annual revenue of $1.375 billion for 2022, up from $1.06 billion for 2021.
A technology company is a company that focuses primarily on the manufacturing, support, research and development of — most commonly computing, telecommunication and consumer electronics-based — technology-intensive products and services, which include businesses relating to digital electronics, software, optics, new energy and internet-related services such as cloud storage and e-commerce services.