Finance Sector Dominates 2025 Fortune 500 With $1 Trillion Profit and Digital Transformation

The 2025 Fortune Global 500 list unveiled significant shifts in the financial sector, with several major firms making notable jumps in ranking. The global 500 companies generated $41.7 trillion in revenue in 2024, with finance companies contributing $1 trillion in profit—highlighting the sector’s central role in global economic activity [1]. Warren Buffett’s Berkshire Hathaway retained its position as the top finance company, ranking 10th overall [1].

Among U.S.-based financial firms, BNY and Prudential Financial emerged as standout performers. BNY moved up 77 spots to rank No. 389, while Prudential climbed 74 positions to No. 192. Their CFOs attributed the growth to strategic investments in technology, talent, and agile business structures. Yanela Frias, CFO of Prudential, emphasized the firm’s global scale and customer-focused innovation, particularly in retirement solutions and asset management [1]. Dermot McDonogh, CFO of BNY, highlighted the company’s transformation into a more connected and client-driven entity, leveraging AI and digital advancements [1].

The financial sector also saw leadership changes across major firms. Wayne S. DeVeydt was appointed CFO of UnitedHealth Group, replacing John F. Rex, who will transition to a strategic advisor role [1]. Justin Plouffe was named CFO of Carlyle Group in 2026, succeeding John Redett, while Kristin Actis-Grande is stepping down as CFO of MSC Industrial Supply Co., with Greg Clark to serve as interim CFO [1].

Leadership shifts also occurred at telecom and banking firms, including Patricia Cobian’s appointment as CFO of BT Group and Raymond Rindone’s new role at Sunwest Bank [1]. Meanwhile, Eyal Bar joined Chainguard as CFO, and Jeff Glajch of Orion S.A. plans to step down, triggering a leadership search [1].

The momentum in the financial sector aligns with broader economic trends, including Trump’s executive order on “reciprocal” tariffs, which introduced new trade pressures and uncertainties. The financial services industry, already navigating evolving regulatory landscapes and technological disruption, is positioning itself for sustained growth through innovation and operational resilience [1].

Overall, the 2025 Fortune Global 500 reflects a sector in motion, with financial companies leveraging digital transformation, talent, and global reach to drive performance. As the world’s largest companies continue to evolve, the finance industry is poised to maintain its influence in shaping global economic dynamics.

Source: [1] 10 finance companies that made the biggest leaps on the 2025 Fortune Global 500 list (https://fortune.com/2025/08/01/10-finance-companies-biggest-leaps-2025-fortune-global-500-list-cfo/)