The Sy family’s SM Investments Corp. (SMIC) and BDO Unibank Inc. led the seven largest Philippine public companies in the Forbes Global 2000 ranking for 2026.

For the 24th year, Forbes’ Global 2000 ranked the largest public companies in the world using four metrics—sales, profits, assets, and market value. The magazine used the latest 12 months of financial data available as of May 15, 2026, to calculate the factors used in the ranking.

SMIC led Philippine companies, ranking 1,029 with a market capitalization of $11.93 billion, followed by its banking subsidiary BDO, which ranked 1,082 with a market valuation of $10.16 billion.

“We are pleased to be recognized anew as the country’s top company on the Forbes Global 2000 list,” said SMIC President and Chief Executive Officer (CEO) Frederick C. Dybuncio.

He noted, “This reflects the trust of our customers and investors, the work of our people, and the strength of the businesses we have built over the years. We continue to invest in the Philippines because we believe in the country’s future and long-term growth.”

Coming in third at 1,170 is tycoon Ramon S. Ang-led Top Frontier Investment Holdings Inc., the top shareholder of diversified conglomerate San Miguel Corp. (SMC), valued at $316 million, followed by Enrique K. Razon Jr.’s port giant International Container Terminal Services Inc. (ICTSI), which ranked 1,375 and was worth $26.34 billion.

Sixth is the Ty family’s Metropolitan Bank & Trust Co. (Metrobank), which ranked 1,383 and was valued at $4.79 billion, followed by Zobel-led conglomerate Ayala Corp. at 1,532 with a market capitalization of $4.48 billion, and Manuel V. Pangilinan-led Manila Electric Co. (Meralco), which ranked 1,704 with a market value of $11.51 billion.

Forbes Magazine said that despite trade tensions, geopolitical instability, and stubborn inflation, all four metrics—sales, profits, assets, and market value—reached record levels in this year’s list.

The companies on the 2026 list accounted for $56 trillion in annual revenue, $5.5 trillion in profit, $272.2 trillion in assets, and $121.9 trillion in market value.

“While the list is still dominated by banks with balance-sheet heft, this year’s movement was driven by artificial intelligence (AI)-linked market value. Hardware and computer equipment providers, semiconductor companies, and software firms (which include hyperscaling giants like Microsoft and Meta) now account for over 10 percent of the list, or 209 companies, up from 186 last year,” said Forbes.

JPMorganChase ranked No. 1 for the fourth year in a row, leading 593 United States (US)-based companies on the list, while Amazon climbed to No. 2, and Alphabet rose to No. 4 as the AI boom drove gains for Big Tech.

Microsoft remained in the top 10, tied at No. 7 with Bank of America, while NVIDIA jumped to No. 27 and became the world’s most valuable company.

Saudi Aramco and three Chinese banking giants—ICBC, China Construction Bank, and Agricultural Bank of China—also remained in the top 10, a reminder that energy and banking still sit alongside technology at the heights of the global economy.