The world’s 25 largest Software and Web companies

The report analyses the financial statements of the world’s 25 largest Software and Web companies over the 2015-19 five-year period, and the impact of the Covid-19 pandemic on their results for 1H 2020. Of the companies surveyed, 13 operate primarily in internet retailing (e-commerce, entertainment services, online travel and sharing mobility), 7 in software production, and 5 in internet services (social media, search engines, web portals etc.). Of the 25 companies, 14 are headquartered in the United States, 6 in China, 3 in Japan and 2 in Europe (Germany).

In 2015-19 the software and internet companies more than doubled their aggregate turnover, outperforming the manufacturing multinationals. They also increased their profits, workforce and market capitalization. The Covid-19 pandemic did not halt their growth in 1H 2020 in terms of revenues or profits, both of which were higher than those recorded in 1H 2019.

The full survey is available for download from