Texas is the new capital of the Fortune 500-taking California’s crown
Fortune • • business
Key Points:
- Texas leads the nation with 57 Fortune 500 companies generating approximately $2.8 trillion in revenue last year, surpassing California's 56 companies and $2.7 trillion revenue.
- The state's favorable anti-regulation and low tax policies have attracted major corporations like Tesla, McKesson, and Oracle to relocate their headquarters to Texas.
- Despite leading in revenue, Texas ranks second to California in terms of profits and market value among Fortune 500 companies.
- Major Texas cities host a significant number of these companies: Houston has 25, Dallas 11, and Austin, a growing tech and financial hub, has 2 Fortune 500 companies.
- Texas added three new Fortune 500 companies this year, marking its highest total since 2010, and also experienced the largest population growth in 2025 with over 391,000 new residents.