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State Host to Most Fortune 500 Companies

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Texas has the most Fortune 500 companies of any state for the first time since 2010. The companies on this year’s list were ranked by revenue for the 2021 fiscal year and were based in 232 different U.S. cities spread across 37 states.

The Lone Star State reclaimed the top spot with 53 Fortune 500 companies in 2021, as New York dropped to second with 51 companies after a seven-year reign as the leading state. California slid to third with 50.

Among municipalities, Houston was home to the second-most companies with 21 and Dallas was fifth with 11. New York City had the most with 43 companies.

In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $16.1 trillion in revenues, $1.84 trillion in profits, and $37 trillion in market value. The companies employ 29.7 million people worldwide.

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