Markets with the Most Fortune 500 Headquarters in 2025

The nation’s 500 biggest revenue-generating businesses produced a total of $19.9 trillion in revenue during the 2024 fiscal year, an annual increase of nearly 6%, according to the recently released 2025 Fortune 500 rankings. That revenue figure represents roughly two-thirds of the nation’s gross domestic product. The companies that made it onto the Fortune 500 list this year are headquartered in 227 cities across 37 states and fall within 106 markets based on apartment markets defined by RealPage Market Analytics. New York continues to rank as the nation’s top market with the headquarters of 49 Fortune 500 companies in the 2025 rankings, up by two companies from 2024’s list. The #2 market in the nation is Chicago, home to 30 Fortune 500 companies, with that count unchanged year-over-year. At #3, Houston has 26 Fortune 500 headquarters, up by three companies over the past year. San Jose gained one company and overtook Dallas, taking the #4 spot with 21 Fortune 500 headquarters. Washington, DC also surpassed Dallas, gaining one company in the past year and ranking #5 with 20 Fortune 500 headquarters. Dallas has 19 Fortune 500 headquarters and dropped to the #6 spot after losing one company over the past year. Atlanta’s Fortune 500 headquarters count was also down by one in 2025 at 15 but remained in the #7 spot nationally. Minneapolis remained in the #8 slot, with its Fortune 500 headquarters count unchanged at 15. Boston and San Francisco remained tied at #9, both with 14 companies and both unchanged year-over-year.