Which state had the most Fortune 500 companies in the 2024 breakdown?

California had the most Fortune 500 companies in the 2024 breakdown, with 57 companies. That total put it ahead of Texas and New York, which were each listed with 52 headquarters.

The count reflects where Fortune 500 companies are headquartered, not where they operate, manufacture products or generate most of their sales. California’s lead is closely tied to its large and diverse economy, especially technology, entertainment, biotechnology, aerospace, retail and financial services.

Among the state’s prominent Fortune 500 companies in the 2024 ranking were Apple, Alphabet, Chevron, Wells Fargo, Cisco Systems, Intel, Qualcomm and Walt Disney. Apple ranked third nationally by revenue, while Alphabet ranked eighth, illustrating how a state can combine a high company count with several exceptionally large firms.

A common source of confusion is the year label. The 2024 Fortune 500 ranking was released in 2024 and was based primarily on companies’ fiscal-year 2023 revenue. It should not be conflated with the 2025 ranking, which used fiscal-year 2024 revenue and reported a different state count.