Global Top 100 companies - March 2021 - PwC

Global ranking of the top 100 public companies by market capitalisation

  • US$31.7tn market capitalisation of the Global Top 100 companies (March 2021)

    48% increase in the market capitalisation of US companies in the current Global Top 100 (from March 2020)

    99 companies in the the Global Top 100 saw an increase in market capitalisation in the year to March 2021


As the COVID-19 pandemic took hold on the global economy in early 2020, the MSCI World Index declined by 21% and market volatility increased dramatically peaking at 83 on 16 March 2020. The world's largest companies were not immune to significant reductions in market value, with the value of the Global Top 100 Companies as at Mar-2020 declining by 15% in the first quarter of 2020.

Since the declines seen in early 2020, global equity markets have not only recovered lost ground, but have surged to record highs - with economic recovery being supported by government and central bank policies responding to the devastation of the COVID-19 pandemic.

The market capitalisation of the Global Top 100 companies (as at March 2021) increased by 48% ($10.3tn) to $31.7tn from 31 March 2020 to 31 March 2021.

This report analyses the position of the Global Top 100 Companies and highlights the remarkable changes in the composition of the list, comparing the Global Top 100 Companies by market capitalisation as at March 2020 and March 2021.

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