FORTUNE announced the FORTUNE Global 500 for the 2020 fiscal year, ranking the world's largest corporations by revenue. Walmart claimed the top spot for the eighth consecutive year, and for the 16th time since 1995. Mainland China (including Hong Kong) once again has the most companies on the list, up 11 from last year with 135. Adding Taiwan, the total for Greater China is 143. The U.S. is up one with 122, and Japan held steady with a total of 53.

FORTUNE Global 500 companies generated revenues totaling more than one-third of the world's GDP. They generated $31.7 trillion in revenues (down 5%), $1.6 trillion in profits (down 20%) and employ 69.7 million people worldwide.

Apple (No. 6) netted $57 billion in profits, and is the FORTUNE Global 500's most profitable company in 2021, ending Saudi Aramco's (No. 14) two-year reign.

Of the 2021 rankings, FORTUNE List Editor Scott DeCarlo says, "The radical changes the pandemic has wrought will have long-term implications for businesses worldwide. Using it as a catalyst, the Global 500 showed the world how to adapt, evolve, and reinvent themselves. The Global 500 is a picture of a world we're rapidly leaving behind and also a guide to the new environment taking shape."

View the complete ranking on https://fortune.com/global500/