Illinois lands in top 5 in Fortune 500 HQs
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Illinois ranks in the top 5 when it comes to the number of Fortune 500 companies headquartered in the state, according to the magazine's annual list.
Why it matters: U.S. companies are staying put in Illinois even as Republicans claim Gov. Pritzker and the Democrats are taxing them out of town.
State of play: The $55 billion budget that passed last week didn't hit business as hard as some groups feared.
By the numbers: The state hosts 32 Fortune 500 companies and Chicago is home to 24 of their corporate headquarters.
- California, Texas and New York all top Illinois with more than 50 in each state.
- Walgreens ranks as Illinois' top-earning company on the list, with nearly $150 billion in revenue last fiscal year.
Between the lines: Illinois remained flat from 2024 when 32 companies based in the state made the list.
- LKQ did move from Illinois to Tennessee, but Oakbrook-based Ace Hardware joined the list.
Zoom out: For the 13th consecutive year, Walmart leads the list as the top U.S. company, based on 2024 revenue.
Editor's note: This story has been corrected to reflect Walgreens' revenue was $150 billion (not million) last fiscal year (not year).