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Trillion-dollar companies: what are they and which is next?

CMC Markets Chief Market Analystmhewson_CMC
Published on: 29 Aug 2023Modified on: 02 Nov 2023

Altogether, the five big tech or ‘GAFAM’ companies that dominate the market generate over $800bn in revenue per year. These all surpassed the $1tn market capitalisation mark in the last five years. Continue reading to discover which companies are in the trillion-dollar club and which are on schedule to be next.

What was the first trillion-dollar company?

The first publicly traded company to reach a valuation of one trillion dollars was tech giant Apple in August 2018. It was also the first company to surpass the $2tn mark in August 2020. Four more companies based in the United States have since followed and surpassed a $1trn market cap.

There are also a couple of companies that have reached the trillion-dollar mark but have since deteriorated in performance or are unavailable for everyday traders to access, which we will discuss further on.

Losses above are based on the full value of the position.
Past performance is not indicative of future performance.
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