Volkswagen Tops Fortune 500 Europe as UK Overtakes Germany
London – September 18, 2026 -- Volkswagen has retained the No. 1 spot on the 2026 Fortune 500 Europe list with $363 billion in revenue, up 3%, widening its lead over Shell after the energy giant's revenue fell 5% to rank second.
UK overtakes Germany in company count for the first time
Britain now hosts 76 of the ranked firms, edging past Germany's 73 and France's 66, marking the first shift in national dominance since the list launched four years ago.
Combined revenues hit $15.5 trillion, equal to 13% of world GDP
Aggregate revenue across the 500 companies rose 4% year-on-year, representing half of Europe's GDP. Profits rebounded 3% to just over $1 trillion after a 5% decline the previous year, though overall profit margin slipped to 6.5% from a 2024 high of 7.1%.