Biggest employers in the US: the 30 largest companies by headcount

Thirty US companies employ about 12.7 million people between them, and eleven of the thirty are retailers. The headline figures are worldwide, though, so for anyone selling to these employers the more useful numbers are the US headcount and how much of it is hourly, which most annual reports state a few lines further down.

Company list9 min readPublished

The biggest US employers by headcount are Walmart (about 2.1 million associates at January 31, 2026, about 1.6 million of them in the US), Amazon (about 1,576,000 at December 31, 2025), FedEx (about 530,000 at May 31, 2026), Home Depot (about 472,400) and UPS (about 460,000, of whom 370,000 work in the US). Each figure is the worldwide total from the company's latest Form 10-K. The federal government, with 2.68 million civilian workers, employs more than any company.

  • Walmart's 2.1 million associates are about as many as Amazon and FedEx combined.
  • Eleven of the 30 largest employers are retailers, with about 6.7 million employees between them (our sum of their 10-K figures).
  • Seven of the 30 give a US headcount (Walmart, UPS, Costco, Starbucks, Disney, PepsiCo and Microsoft); five more give a share or a regional figure.
  • 546 US firms with 20,000 or more employees employ 24.6% of private-sector workers, per the Census Bureau's 2022 business statistics.
  • Headcounts include part-time staff but usually leave out franchisees, contractors and hotel-owner employees, which changes the ranking for McDonald's, Marriott and Hilton.
On this page

This list is for sellers, recruiters and analysts who need to know which companies employ the most people and where those people work. It ranks US-headquartered companies by the headcount they reported in their latest annual report on Form 10-K, all filed between November 2025 and October 2026. SEC rules require every registrant to state "the number of persons employed" in its annual report, which makes the 10-K the one source that is comparable across companies. Each row links to its filing in the sources below.

The 30 largest US employers

RankCompanyHeadquartersEmployees worldwideAs ofIn the US (where the 10-K says)
1WalmartBentonville, ARabout 2,100,000Jan 31, 2026about 1,600,000
2AmazonSeattle, WAabout 1,576,000Dec 31, 2025not stated
3FedExMemphis, TNabout 530,000May 31, 2026not stated
4Home DepotAtlanta, GAabout 472,400Feb 1, 2026not stated
5UPSAtlanta, GAabout 460,000Dec 31, 2025about 370,000
6ConcentrixNewark, CAabout 455,000Nov 30, 2025not stated
7TargetMinneapolis, MNabout 415,000Jan 31, 2026not stated
8KrogerCincinnati, OHmore than 403,000Jan 31, 2026not stated
9UnitedHealth GroupEden Prairie, MNmore than 390,000Dec 31, 2025not stated
10Berkshire HathawayOmaha, NEabout 387,800Dec 31, 2025about 80%
11StarbucksSeattle, WAabout 381,000Sep 28, 2025about 223,000
12TJX CompaniesFramingham, MAabout 377,000Jan 31, 2026not stated
13CostcoIssaquah, WA355,000Aug 30, 2026232,000
14CognizantTeaneck, NJabout 351,600Dec 31, 202541,600 in North America
15HCA HealthcareNashville, TNabout 320,000Dec 31, 2025not stated
16JPMorgan ChaseNew York, NY318,512Dec 31, 2025not stated
17PepsiCoPurchase, NYabout 306,000Dec 27, 2025about 125,000
18CVS HealthWoonsocket, RImore than 300,000Dec 31, 2025"primarily in the US"
19AlbertsonsBoise, IDabout 280,000Feb 28, 2026not stated
20AramarkPhiladelphia, PAabout 278,390Oct 3, 2025144,240 in its US food and facilities segment
21Lowe'sMooresville, NCabout 276,000Jan 30, 2026"primarily in the United States and India"
22Publix Super MarketsLakeland, FLmore than 260,000Dec 27, 2025not stated
23Walt DisneyBurbank, CAabout 231,000Sep 27, 2025about 172,000
24CitigroupNew York, NYabout 226,000Dec 31, 2025not stated
25MicrosoftRedmond, WAabout 223,000Jun 30, 2026about 121,000
26Bank of AmericaCharlotte, NCabout 213,000Dec 31, 202577%
27Darden RestaurantsOrlando, FL209,931May 31, 2026not stated
28Wells FargoSan Francisco, CAabout 205,000Dec 31, 2025about 76%
29Dollar GeneralGoodlettsville, TNabout 194,000Feb 27, 2026not stated
30AlphabetMountain View, CA190,820Dec 31, 2025not stated

Headquarters are the business address on each company's SEC filings. "About" and "more than" are the filings' own words. Two figures are our sums of numbers the filing gives separately: FedEx (about 300,000 permanent full-time plus about 230,000 permanent part-time employees) and Lowe's (about 167,000 full-time plus 109,000 part-time associates). Concentrix's figure is "employees and staff".

Just below the cut are Boeing (about 182,000), RTX (about 180,000), Comcast (about 179,000 full-time equivalents), Ford (about 169,000) and Apple (about 166,000 full-time equivalents). IBM's 2025 annual report describes its workforce but doesn't state a total headcount, so it isn't ranked. Accenture reported about 814,000 people at August 31, 2026, more than any company here except Walmart and Amazon, but it is headquartered in Dublin, Ireland.

Employers that don't file a 10-K

The largest employer in the country isn't a company. The Bureau of Labor Statistics counted 2,682,000 federal government employees in September 2026 (preliminary), including 598,400 at the US Postal Service. These large US employers report their headcount elsewhere:

EmployerEmployeesAs ofSource
Federal government (civilian, including the Postal Service)2,682,000September 2026, preliminaryBLS Current Employment Statistics
US Postal Serviceabout 624,000 (531,000 career, 93,000 pre-career)Sep 30, 2025USPS annual report on Form 10-K
Kaiser Permanenteabout 225,854, plus about 25,270 physicians (at Dec 31, 2025)Jun 30, 2026Kaiser Permanente fast facts

The BLS and USPS figures for the Postal Service differ because they measure different things: BLS counts jobs on the payroll in the pay period that includes the 12th of the month, while USPS counts its career and pre-career employees at its fiscal year-end. Kaiser Permanente combines nonprofit health plans and hospitals with separate physician groups, and files no 10-K.

How large is large

The Census Bureau's Statistics of US Businesses for 2022 (released April 2025) counts employer firms by their total US employment:

US employees per firmFirmsEmployeesShare of private-sector employment
20,000 or more54633,384,31724.6%
10,000 to 19,9995928,139,5806.0%
500 to 9,99919,90331,973,95423.6%
Fewer than 5006,374,59462,250,55645.9%
All employer firms6,395,635135,748,407100%

The 500 to 9,999 row is our sum of the Census size classes in that range. SUSB counts mid-March employment at private employer firms in the US, so it leaves out government and self-employed people with no staff.

So 1,138 firms with 10,000 or more US employees employ 41.5 million people, about 31% of the private workforce. In retail the concentration is sharper: firms with 20,000 or more employees account for 7.9 million of the sector's 15.9 million jobs (49.6%). For counts of all US businesses by size, see how many businesses are in the US.

How the list is built

  • What's counted. The headcount each company states in its latest 10-K, usually in the "Human capital" part of Item 1. Most include part-time workers; Target includes seasonal staff and UPS excludes temporary seasonal employees. The figures are worldwide unless the column says otherwise.
  • Whose employees. Only people the company itself employs, so franchise staff are out: McDonald's counts over 150,000 people at the company and its company-operated restaurants. Marriott managed the employment of about 414,000 associates at the end of 2025, but about 266,000 of them work for hotel owners, so we count its 148,000 direct employees, which keeps it out of the top 30. Hilton gives about 182,000 people "employed or managed" at its leased and managed hotels and offices.
  • Different dates. Fiscal years end in different months, so the as-of dates run from September 2025 to August 2026. Most companies round to the nearest thousand, or for Walmart the nearest 100,000.
  • What's left out. Companies headquartered outside the US, privately held companies that don't publish a headcount, and government. Fortune and Forbes publish their own lists with employee counts; we didn't use them.

The US headcount, and how to find it

For most sales and hiring decisions the US number matters more than the worldwide one. Cognizant is 14th by total headcount, but 256,900 of its 351,600 employees are in India and 41,600 in North America. PepsiCo employs 125,000 of its 306,000 in the US, and Microsoft 121,000 of 223,000.

  1. Read the human capital section of the 10-K. Search the filing for "employees" or the company's own word ("associates", "team members", "colleagues"). Many give a US or regional split and a full-time and part-time split.
  2. Check for a published EEO-1 report. Private employers with 100 or more employees file an EEO-1 report with the EEOC each year, showing their US workforce by job category. Filings aren't public, but many large companies post theirs on their investor or sustainability pages.
  3. For private companies, use state largest-employer lists and the company's own statements, and treat third-party estimates as estimates. Our guide to finding a company's employee count covers each source.

Company pages such as Walmart's headcount by year and Amazon's show how one employer's figure has moved over time.

The list by sector

SectorCompanies in the top 30Employees (our sum of rounded figures)
Retail and ecommerceWalmart, Amazon, Home Depot, Target, Kroger, TJX, Costco, Albertsons, Lowe's, Publix, Dollar General6,708,400
Technology and IT servicesConcentrix, Cognizant, Microsoft, Alphabet1,220,420
Health careUnitedHealth Group, HCA Healthcare, CVS Health1,010,000
Delivery and logisticsFedEx, UPS990,000
BanksJPMorgan Chase, Citigroup, Bank of America, Wells Fargo962,512
Conglomerate, consumer goods and mediaBerkshire Hathaway, PepsiCo, Disney924,800
Restaurants and food serviceStarbucks, Aramark, Darden869,321

Where the buying happens at employers this size

General guidance, not drawn from the filings. A company with hundreds of thousands of employees buys almost nothing as one organization. Spending sits in three places:

  • Central functions with company-wide budgets: HR technology, benefits, payroll, learning, workforce management, security and IT. Expect RFPs, security reviews and supplier onboarding, and a cycle of six months or more.
  • Business units and regions. Berkshire Hathaway's subsidiaries run their own businesses; Disney, Aramark and UnitedHealth report several segments with their own leaders. A division or region with 20,000 employees is often a better first customer than the parent.
  • Sites. Store, distribution center, hospital and kitchen operations leaders feel the problem first and can sponsor a pilot, even if procurement signs the contract.

The useful numbers for qualifying are in the same 10-K section: how many people are hourly or part-time, how many are unionized and how many are in the US.

Worked example: a scheduling software vendor

Illustrative example. The vendor and its pricing are fictional; the workforce figures come from each company's latest 10-K.

The seller: Rota (rota.example) sells shift-scheduling software priced at an illustrative $3 per hourly or part-time worker per month. The question: which of the 30 largest employers have the biggest hourly workforce in the US, and where should Rota start?

What the filings show. Walmart says about 92% of its 1.6 million US associates are hourly, which is about 1,472,000 people. Home Depot says about 53,400 of its 472,400 associates are salaried, leaving about 419,000 hourly (89%). Dollar Tree, outside the top 30, employs 117,851 part-time associates out of 153,032 (77%). Albertsons says about 62% of its 280,000 associates are part-time, about 173,600 people.

The arithmetic. At $3 a month, Dollar Tree's 117,851 part-time associates are worth about $4.2 million a year to Rota (117,851 × $3 × 12 = $4,242,636). Even a single region of Albertsons, at an illustrative 20,000 part-time workers, is worth $720,000 a year.

The plan.

  1. Rank by hourly headcount, not total headcount, using the human capital section of each 10-K.
  2. Start with a region or banner. Albertsons runs 22 banners, including Safeway, Vons and Jewel-Osco, and a banner's operations team can pilot without a company-wide decision.
  3. Find two contacts per account: the operations leader for the region or banner, and the workforce management or HR technology leader at headquarters who will run the security review.

Finding the regional leaders and what's changed at each banner is the slow part. Bebop researches each account in a list like this and writes a playbook with the people to contact and the angle to open with.

Next step: before you contact any of these companies, work through the enterprise account research guide to map the divisions, the buyers and the procurement steps.

Sources

Written by the Bebop team at Blackpearl Group. Published .

Questions people ask

Who is the largest employer in the US?

The federal government, with 2,682,000 civilian employees in September 2026 (BLS, preliminary), including about 598,400 at the Postal Service. The largest company is Walmart, with about 2.1 million associates worldwide at January 31, 2026, of whom about 1.6 million work in the US, according to its Form 10-K. Amazon is second with about 1,576,000 full-time and part-time employees worldwide at December 31, 2025.

Which companies have the most employees in the US specifically?

Walmart, with about 1.6 million US associates, is far ahead. Among companies that state a US figure in their latest 10-K, UPS has about 370,000, Costco 232,000, Starbucks about 223,000, Disney about 172,000, PepsiCo about 125,000 and Microsoft about 121,000. Amazon, FedEx, Home Depot, Target and Kroger don't split their headcount by country, though Target, Kroger, Publix and Albertsons operate mainly or only in the US.

How many companies in the US have more than 10,000 employees?

1,138 firms had 10,000 or more US employees in 2022, according to the Census Bureau's Statistics of US Businesses: 592 with 10,000 to 19,999 and 546 with 20,000 or more. Together they employed about 41.5 million people, or 31% of private-sector employment. Firms with fewer than 500 employees employed 45.9%. The count covers private employer firms and excludes government.

Do these employee counts include part-time workers and contractors?

Most include part-time workers: Amazon, Kroger, Target and FedEx all say so, and Target also counts seasonal staff. Contractors and franchise workers are usually excluded. McDonald's counts only the company and its company-operated restaurants, FedEx lists about 5,300 service providers separately, and Marriott separates its 148,000 direct employees from 266,000 who work for hotel owners. Always read the filing's own definition before comparing two companies.

How do I find out how many employees a company has?

For a public company, open its latest 10-K on SEC EDGAR and search for "employees" in Item 1. SEC Regulation S-K requires a description of human capital resources, including the number of persons employed. Many filings also give US, part-time and union splits. For US-only figures, look for a published EEO-1 report. For private companies, use state largest-employer lists and the company's own statements, and treat database estimates as estimates.

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