Short answer
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
| Rank | Company | Headquarters | Employees worldwide | As of | In the US (where the 10-K says) |
|---|---|---|---|---|---|
| 1 | Walmart | Bentonville, AR | about 2,100,000 | Jan 31, 2026 | about 1,600,000 |
| 2 | Amazon | Seattle, WA | about 1,576,000 | Dec 31, 2025 | not stated |
| 3 | FedEx | Memphis, TN | about 530,000 | May 31, 2026 | not stated |
| 4 | Home Depot | Atlanta, GA | about 472,400 | Feb 1, 2026 | not stated |
| 5 | UPS | Atlanta, GA | about 460,000 | Dec 31, 2025 | about 370,000 |
| 6 | Concentrix | Newark, CA | about 455,000 | Nov 30, 2025 | not stated |
| 7 | Target | Minneapolis, MN | about 415,000 | Jan 31, 2026 | not stated |
| 8 | Kroger | Cincinnati, OH | more than 403,000 | Jan 31, 2026 | not stated |
| 9 | UnitedHealth Group | Eden Prairie, MN | more than 390,000 | Dec 31, 2025 | not stated |
| 10 | Berkshire Hathaway | Omaha, NE | about 387,800 | Dec 31, 2025 | about 80% |
| 11 | Starbucks | Seattle, WA | about 381,000 | Sep 28, 2025 | about 223,000 |
| 12 | TJX Companies | Framingham, MA | about 377,000 | Jan 31, 2026 | not stated |
| 13 | Costco | Issaquah, WA | 355,000 | Aug 30, 2026 | 232,000 |
| 14 | Cognizant | Teaneck, NJ | about 351,600 | Dec 31, 2025 | 41,600 in North America |
| 15 | HCA Healthcare | Nashville, TN | about 320,000 | Dec 31, 2025 | not stated |
| 16 | JPMorgan Chase | New York, NY | 318,512 | Dec 31, 2025 | not stated |
| 17 | PepsiCo | Purchase, NY | about 306,000 | Dec 27, 2025 | about 125,000 |
| 18 | CVS Health | Woonsocket, RI | more than 300,000 | Dec 31, 2025 | "primarily in the US" |
| 19 | Albertsons | Boise, ID | about 280,000 | Feb 28, 2026 | not stated |
| 20 | Aramark | Philadelphia, PA | about 278,390 | Oct 3, 2025 | 144,240 in its US food and facilities segment |
| 21 | Lowe's | Mooresville, NC | about 276,000 | Jan 30, 2026 | "primarily in the United States and India" |
| 22 | Publix Super Markets | Lakeland, FL | more than 260,000 | Dec 27, 2025 | not stated |
| 23 | Walt Disney | Burbank, CA | about 231,000 | Sep 27, 2025 | about 172,000 |
| 24 | Citigroup | New York, NY | about 226,000 | Dec 31, 2025 | not stated |
| 25 | Microsoft | Redmond, WA | about 223,000 | Jun 30, 2026 | about 121,000 |
| 26 | Bank of America | Charlotte, NC | about 213,000 | Dec 31, 2025 | 77% |
| 27 | Darden Restaurants | Orlando, FL | 209,931 | May 31, 2026 | not stated |
| 28 | Wells Fargo | San Francisco, CA | about 205,000 | Dec 31, 2025 | about 76% |
| 29 | Dollar General | Goodlettsville, TN | about 194,000 | Feb 27, 2026 | not stated |
| 30 | Alphabet | Mountain View, CA | 190,820 | Dec 31, 2025 | not 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:
| Employer | Employees | As of | Source |
|---|---|---|---|
| Federal government (civilian, including the Postal Service) | 2,682,000 | September 2026, preliminary | BLS Current Employment Statistics |
| US Postal Service | about 624,000 (531,000 career, 93,000 pre-career) | Sep 30, 2025 | USPS annual report on Form 10-K |
| Kaiser Permanente | about 225,854, plus about 25,270 physicians (at Dec 31, 2025) | Jun 30, 2026 | Kaiser 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 firm | Firms | Employees | Share of private-sector employment |
|---|---|---|---|
| 20,000 or more | 546 | 33,384,317 | 24.6% |
| 10,000 to 19,999 | 592 | 8,139,580 | 6.0% |
| 500 to 9,999 | 19,903 | 31,973,954 | 23.6% |
| Fewer than 500 | 6,374,594 | 62,250,556 | 45.9% |
| All employer firms | 6,395,635 | 135,748,407 | 100% |
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.
- 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.
- 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.
- 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
| Sector | Companies in the top 30 | Employees (our sum of rounded figures) |
|---|---|---|
| Retail and ecommerce | Walmart, Amazon, Home Depot, Target, Kroger, TJX, Costco, Albertsons, Lowe's, Publix, Dollar General | 6,708,400 |
| Technology and IT services | Concentrix, Cognizant, Microsoft, Alphabet | 1,220,420 |
| Health care | UnitedHealth Group, HCA Healthcare, CVS Health | 1,010,000 |
| Delivery and logistics | FedEx, UPS | 990,000 |
| Banks | JPMorgan Chase, Citigroup, Bank of America, Wells Fargo | 962,512 |
| Conglomerate, consumer goods and media | Berkshire Hathaway, PepsiCo, Disney | 924,800 |
| Restaurants and food service | Starbucks, Aramark, Darden | 869,321 |
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.
- Rank by hourly headcount, not total headcount, using the human capital section of each 10-K.
- 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.
- 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
- Walmart Inc. Form 10-K for the fiscal year ended January 31, 2026, Walmart Inc., via SEC EDGAR, 13 March 2026
- Amazon.com, Inc. Form 10-K for the fiscal year ended December 31, 2025, Amazon.com, Inc., via SEC EDGAR, 6 February 2026
- FedEx Corporation Form 10-K for the fiscal year ended May 31, 2026, FedEx Corporation, via SEC EDGAR, 20 July 2026
- The Home Depot, Inc. Form 10-K for the fiscal year ended February 1, 2026, The Home Depot, Inc., via SEC EDGAR, 18 March 2026
- United Parcel Service, Inc. Form 10-K for the fiscal year ended December 31, 2025, United Parcel Service, Inc., via SEC EDGAR, 17 February 2026
- Concentrix Corporation Form 10-K for the fiscal year ended November 30, 2025, Concentrix Corporation, via SEC EDGAR, 28 January 2026
- Target Corporation Form 10-K for the fiscal year ended January 31, 2026, Target Corporation, via SEC EDGAR, 11 March 2026
- The Kroger Co. Form 10-K for the fiscal year ended January 31, 2026, The Kroger Co., via SEC EDGAR, 31 March 2026
- UnitedHealth Group Incorporated Form 10-K for the fiscal year ended December 31, 2025, UnitedHealth Group Incorporated, via SEC EDGAR, 2 March 2026
- Berkshire Hathaway Inc. Form 10-K for the fiscal year ended December 31, 2025, Berkshire Hathaway Inc., via SEC EDGAR, 2 March 2026
- Starbucks Corporation Form 10-K for the fiscal year ended September 28, 2025, Starbucks Corporation, via SEC EDGAR, 14 November 2025
- The TJX Companies, Inc. Form 10-K for the fiscal year ended January 31, 2026, The TJX Companies, Inc., via SEC EDGAR, 31 March 2026
- Costco Wholesale Corporation Form 10-K for the fiscal year ended August 30, 2026, Costco Wholesale Corporation, via SEC EDGAR, 7 October 2026
- Cognizant Technology Solutions Corporation Form 10-K for the fiscal year ended December 31, 2025, Cognizant Technology Solutions Corporation, via SEC EDGAR, 12 February 2026
- HCA Healthcare, Inc. Form 10-K for the fiscal year ended December 31, 2025, HCA Healthcare, Inc., via SEC EDGAR, 10 February 2026
- JPMorgan Chase & Co. Form 10-K for the fiscal year ended December 31, 2025, JPMorgan Chase & Co., via SEC EDGAR, 13 February 2026
- PepsiCo, Inc. Form 10-K for the fiscal year ended December 27, 2025, PepsiCo, Inc., via SEC EDGAR, 3 February 2026
- CVS Health Corporation Form 10-K for the fiscal year ended December 31, 2025, CVS Health Corporation, via SEC EDGAR, 10 February 2026
- Albertsons Companies, Inc. Form 10-K for the fiscal year ended February 28, 2026, Albertsons Companies, Inc., via SEC EDGAR, 27 April 2026
- Aramark Form 10-K for the fiscal year ended October 3, 2025, Aramark, via SEC EDGAR, 25 November 2025
- Lowe's Companies, Inc. Form 10-K for the fiscal year ended January 30, 2026, Lowe's Companies, Inc., via SEC EDGAR, 23 March 2026
- Publix Super Markets, Inc. Form 10-K for the fiscal year ended December 27, 2025, Publix Super Markets, Inc., via SEC EDGAR, 2 March 2026
- The Walt Disney Company Form 10-K for the fiscal year ended September 27, 2025, The Walt Disney Company, via SEC EDGAR, 13 November 2025
- Citigroup Inc. Form 10-K for the fiscal year ended December 31, 2025, Citigroup Inc., via SEC EDGAR, 20 February 2026
- Microsoft Corporation Form 10-K for the fiscal year ended June 30, 2026, Microsoft Corporation, via SEC EDGAR, 29 July 2026
- Bank of America Corporation Form 10-K for the fiscal year ended December 31, 2025, Bank of America Corporation, via SEC EDGAR, 25 February 2026
- Darden Restaurants, Inc. Form 10-K for the fiscal year ended May 31, 2026, Darden Restaurants, Inc., via SEC EDGAR, 24 July 2026
- Wells Fargo & Company Form 10-K for the fiscal year ended December 31, 2025, Wells Fargo & Company, via SEC EDGAR, 24 February 2026
- Dollar General Corporation Form 10-K for the fiscal year ended January 30, 2026, Dollar General Corporation, via SEC EDGAR, 20 March 2026
- Alphabet Inc. Form 10-K for the fiscal year ended December 31, 2025, Alphabet Inc., via SEC EDGAR, 5 February 2026
- Accenture plc Form 10-K for the fiscal year ended August 31, 2026, Accenture plc, via SEC EDGAR, 16 October 2026
- Current Employment Statistics: federal government employment (CES9091000001) and US Postal Service (CES9091912001), US Bureau of Labor Statistics, September 2026 data (preliminary), accessed 30 October 2026
- United States Postal Service Form 10-K for the fiscal year ended September 30, 2025, United States Postal Service, accessed 30 October 2026
- Kaiser Permanente fast facts, Kaiser Permanente, accessed 30 October 2026
- Statistics of US Businesses 2022: firms, establishments, employment and payroll by larger enterprise employment sizes, US Census Bureau, 10 April 2025
- 17 CFR § 229.101, Description of business (Regulation S-K Item 101), Legal Information Institute, Cornell Law School, accessed 30 October 2026
- Current Employment Statistics: concepts (Handbook of Methods), US Bureau of Labor Statistics, accessed 30 October 2026
- EEO-1 data collection, US Equal Employment Opportunity Commission, accessed 30 October 2026
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.