10 Largest Companies in Germany by Market Capitalisation and Employees

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In our series of Blogs on Germany and the Largest companies, we present to you the Largest German Companies by Market Capitalization and a number of employees, aka The Largest German Employers.

Before we dive into the list, here is a brief on how did the German Economy do in last year.

The German economy is the largest in Europe and the fourth largest globally, with a GDP of approximately 3.8 trillion euros (Source: Wikipidia).

Germany’s diverse automotive, pharmaceutical and manufacturing industries have contributed significantly to its economic growth.

Notably, Germany is known for its high-quality engineering and skilled workforce, which have helped it maintain its competitive advantage in the global market.

The country’s economy is dominated by the service sector, which accounts for approximately 70% of the GDP, followed by manufacturing and agriculture.

Germany is also known for its strong currency, the euro, and its well-respected central bank, the Bundesbank.

Overall, the German economy is an essential player on the global stage, both as a significant exporter and a vital member of the European Union.

Germany is home to several of the world’s largest and most successful companies.

The country’s economy is one of the strongest in the world, and it owes much of its success to its corporate giants.

As of 2021, the largest company in Germany by revenue is Volkswagen, with an annual revenue of around 250.2 billion euros (Source: Global Database).

In 2022 revenue grew to 279.2 billion euros (Source: Statista).

Other notable companies include Daimler, BMW, Siemens, and Bayer.

These companies operate in various industries, including automotive, engineering, and pharmaceuticals.

Their success is due to a combination of factors, including innovation, strategic planning, and a commitment to quality.

As they continue to thrive, these companies will undoubtedly play a significant role in shaping the future of Germany’s economy and global business landscape.

Volkswagen AG

Volkswagen AG - Largest Companies in Germany

Annual Revenue (2022): 279.2 billion euros

Market Capitalisation: 72.41 billion euros

Number of Employees: 672,789

Volkswagen is one of Germany’s most successful car manufacturers, and its growth is nothing short of impressive.

Just yesterday, they were making cars out of old beer cans, but now they’re one of the most prominent players in the game.

The key to their success?

They’ve mastered the art of creating cars that people actually want to buy.

From the classic Beetle to the sleek Golf, Volkswagen knows how to design cars that appeal to a wide range of customers.

And with their commitment to sustainability and innovation, it’s no wonder they continue to grow and thrive.

So if you’re looking for a stylish and environmentally friendly car, look no further than Volkswagen.

They’re always ahead of the curve and driving towards a better tomorrow.

Now Volkswagen’s business is all about big numbers.

Their business in numbers is like a game of Monopoly.

Consider this:

  • They have over 672,789 employees (Source: macrotrends), enough to fill a few dozen hotels on Boardwalk.
  • In fact, if Volkswagen were a country, it would be the 34th largest economy in the world!
  • They have sold over 8.26 million vehicles worldwide (Source: Statista), which would require many tiny car game pieces.
  • But the fun doesn’t stop there. Volkswagen also recorded €279.2 billion in revenue, which is enough to buy a hotel on every property on the board.
  • And with a market capitalisation of almost €72.41 billion(Source: companiesmarketcap), they could probably just buy the entire board itself. In short, Volkswagen’s business in numbers is impressive, and they’re clearly playing to win.
  • They manufactured 8.3 million vehicles in 2021(Source: Statista), roughly equivalent to Sweden’s entire population.

But it’s not just about the number of employees or revenue – Volkswagen is also one of the world’s largest car manufacturers.

And let’s not forget about the numbers that really matter – like the fact that Volkswagen is committed to reducing their CO2 emissions by 50% by 2030 (Source: volkswagenag).

With all these big numbers, it’s easy to see why Volkswagen is one of the most successful companies in Germany and the world.

Siemens AG

Siemens AG - Largest Companies in Germany

Annual Revenue (2022): 71.42 billion euros(Source: macrotrends)

Market Capitalisation: 110.97 billion euros (Source: companiesmarketcap)

Number of Employees: 311,000 (Source: macrotrends)
Ah, Siemens AG – the German behemoth of industrial technology and engineering.

You may have heard of them; they’re kind of a big deal.

With roots dating back to the mid-19th century, Siemens AG has become a global leader in the fields of energy, healthcare, and infrastructure.

To put that in perspective, that’s twice as long as the average lifespan of a hamster.

With a presence in more than 200 countries and over 311,000 employees worldwide (Source : macrotrends), Siemens AG is like the Steve Jobs of the industrial world.

It’s got a reputation for innovation, creativity, and a no-nonsense work ethic that would make even your high school gym teacher proud.

So, whether you’re a tech enthusiast, a history buff, or just someone who likes to name-drop famous companies at parties, Siemens AG is definitely worth knowing about.

In fact, Siemens is the German equivalent of Batman – always there to save the day with cutting-edge technology and a never-ending desire to make the world a better place.

From trains to wind turbines and everything in between, Siemens AG is constantly pushing the envelope to create innovative solutions that solve the world’s biggest challenges.

So the next time you turn on the lights, ride on a train or get a medical scan, just remember – there’s a good chance Siemens AG had a hand in making it possible.

Siemens AG is no small fry when it comes to its presence in the global market.

  • It has a whopping 311,000 employees in 200 countries(Source : macrotrends). That’s basically the population of Iceland spread across the world.
  • The company generated a revenue of €58.79 billion in 2020(Source: macrotrends), enough to buy a lifetime supply of avocados (assuming you only eat one avocado daily) for over 695 million people.
  • And if that wasn’t impressive enough, Siemens AG also holds a whopping 31,545 patents (Source: crunchbase), which is like having 70,000 golden tickets from Willy Wonka himself.
  • Safe to say, Siemens AG is a true powerhouse in the business world.

Allianz SE

Allianz SE - Largest Companies in Germany

Annual Revenue (2022): 152.7 billion euros (Source: Allianz)

Market Capitalisation: 85.43 billion euros (Source: companiesmarketcap)

Number of Employees: 1,59,253 (Source: Wikipidia)
Allianz SE in Germany is like the superhero of the insurance world.

With its impressive financial stability and global reach, it’s no wonder they have become one of the most trusted names in the industry.

From protecting individuals and businesses against financial losses to providing peace of mind to their customers, Allianz SE is an all-around superstar.

And let’s not forget their commitment to sustainability and social responsibility, making them a true heroes in the eyes of many.

So, if you’re ever in need of insurance protection, just remember that Allianz SE has got your back, cape not included.

Allianz SE is a company that knows how to crunch the numbers.

  • With over 159,000 employees (Source: Allianz) and operations in more than 70 countries, Allianz is a global insurance and financial services powerhouse.
  • In fact, their revenue for 2020 reached a staggering €125.34 billion(Source: macrotrends). That’s enough to buy approximately 4,666,666,667 Big Macs from McDonald’s.
  • Allianz also takes its corporate responsibility seriously, investing €10 million in social projects worldwide in 2022 alone(Source: allianz).
  • And with a market capitalisation of over €85.43 billion(Source: companiesmarketcap), Allianz is definitely not a company to be messed with.

In short, when it comes to the numbers, Allianz SE is one company that definitely knows how to add up to success.

Deutsche Telekom AG

Deutsche Telekom AG - Largest Companies in Germany

Annual Revenue (2022): 113.60 billion euro

Market Capitalisation: 111.60 billion euro

Number of Employees: 217,000

When you think of Deutsche Telekom AG, what comes to mind?

Is it the German telecommunications giant that’s involved in everything from fixed and mobile telecom to retail and media?
Or is it the conglomerate with numerous subsidiaries and holdings, such as T-Mobile USA and MetroPCS in the U.S., E-Plus in Austria, and O2 in the UK?

Well, if so, you’re not alone.

But before you get too excited about a potential stock investment opportunity, understand that Deutsche Telekom AG is a complex company only for some.

Let’s face it: It has a lot of tentacles and is known for its aggressive acquisitions.

So before jumping on the bandwagon, do your research and decide whether or not Deutsche Telekom AG is right for you.
And if you still want to take the plunge, know that there are great reasons to invest in this German giant.

Not only does it have a solid track record of profitability and growth, but it also has a massive stake in one of the world’s fastest-growing industries: mobile telecom.

Are you fascinated by the number of large corporations?

The German telecommunications giant, Deutsche Telekom AG, has a few intriguing numbers that you might want to know.

Let’s take a look at some of them.

  • First and foremost, Deutsche Telekom AG is currently valued at about $61.4 billion. That’s quite a lot of money!
  • The company was founded in 1984 as a public limited joint-stock company and is headquartered in Bonn, Germany.
  • It has more than 217,000 employees worldwide (Source : macrotrends), with operations in over 30 countries on four continents.
  • And if those numbers alone aren’t impressive enough, just wait till you hear this! The company sold 26.5 million smartphones in 2022(Source: telekom) – more than any other manufacturer worldwide!

Talk about staying on top of the game!

So there you have it – the numbers behind one of the largest corporations in Europe.

Mercedes-Benz Group

Mercedes-Benz Group - Largest Companies in Germany

Annual Revenue (2022): 150 billion euros

Market Capitalisation: 105.16 billion euros

Number of Employees: 1,72,425

Welcome to the story of Mercedes-Benz in Germany!

If you’re reading this, you’re already invested in the story of one of the world’s most iconic automakers – and that’s fantastic.

The company was founded in Germany in 1926 and has since overcome a few bumps in the road.

From its early days as an agricultural company to its modern-day dominance as a premium automotive brand, Mercedes-Benz has made notable strides.

So let’s take a look back at how it all began.

First off, let’s talk about where the company gets its name from – it’s actually a combination of two German words: “Mercedes” is short for “Merkur”, which is German for “Mercury”. The “B” stands for “Brun,” which is German for “Eagle”.

And that’s not all; there’s also an interesting backstory behind the logo! It was designed by Paul Henze and his team back in 1926, and it features a three-pointed star known as the Mercedes-Star (hence the name).

Now that we’ve gone back in time, let us take you forward into the future with a look at what makes Mercedes-Benz so special today.

From its sleek and sophisticated vehicle lineup to its cutting-edge technology and safety features, there’s no denying that Mercedes-Benz sets the gold standard for premium vehicles.

  • As a part of the larger Daimler AG conglomerate, Mercedes-Benz is a global leader in premium vehicles and mobility services.
  • The brand is in over 100 countries and sells more than 1.94 million vehicles annually(Source: Statista).
  • With such a robust global presence and mission-driven mindset, it’s no surprise that Mercedes-Benz is one of the most valuable brands in the world (worth USD 43.9 billion as of May 2018)(Source: autocarpro)
  • It has operations in more than 100 countries and employs over 172,425 people worldwide(Source: Wikipidia)
  • In 2022, the company was valued at around $131 billion and has revenues of 150 billion euros(Source: statista).

BMW Group

BMW Group - Largest Companies in Germany

Annual Revenue (2022): 142.6 billion euros

Market Capitalisation: 66.20 billion euros

Number of Employees: 149,475

Since its inception in 1916, the BMW Group has grown into a global powerhouse with operations in more than 60 countries on six continents.

Boasting sales of nearly 2.4 million passenger vehicles and more than 202,000 motorcycles in 2022(Source: bmwgroup), the company is one of the most successful premium automakers in the world.

But what’s even more impressive is the story of how this all came to be.

Back in Germany, the BMW Group was founded by Karl Rapp and William Goetz.

Both were passionate about creating a car company that was both technologically advanced and luxurious.

Over the years, they built a strong team of engineers, designers, and other specialists who helped shape BMW’s iconic lineup of cars.

Today, the company is led by CEO Harald Krüger, who has guided it through challenging times as it continues to expand globally and innovate new technologies for its customers.

Now let’s look closer at BMW Group’s revenue, worth, and employees.

  • With more than 140,000 vehicles sold worldwide in 2018(Source: bmwgroup) and 2,399,636 vehicles sold in 2022 (Source: bmwgroup), the company remains one of the top players in the automotive industry. Its reach extends well beyond its home country of Germany – it has manufacturing facilities around the globe, including in China and South Africa.
  • And with more than 149,475 employees globally (Source: statista), the company is a go-to for many people looking for a well-respected employer in the industry.
  • Easily one of the most popular automakers in the world today and valued at over $52.67 billion as per market capitalisation as on 31 December 2018 and $58.60 billion as per market capitalisation in 2022(Source: companiesmarketcap), BMW has established itself as an industry leader by creating high-performance machines that are both technologically advanced and user-friendly.

So next time you’re shopping for a new car or riding around on your current one, think about where all those numbers came from – and shout out to the German engineers behind them!

Bayer AG

Bayer AG - Largest Companies in Germany

Annual Revenue (2022): 50.7 billion euros

Market Capitalisation: 58.03 billion euros

Number of Employees: 101,000

Welcome to the Bayer AG story! If you’re reading this, it’s likely that you’re interested in understanding the company better.

Well, let me tell you, it’s a fascinating one!

First off, let’s talk about its history.

The company was founded in 1899 as a pharmaceutical manufacturing firm by Johann Friedrich Joseph von Baeyer in Leverkusen, Germany.

It soon became well-known for its antimalarial drug Quinine Sulfate and was later acquired by multinational conglomerate Bayer AG in 1897.

And that’s not all!

You might be surprised to learn that the company also has several well-known brands under its belt, including its iconic aspirin brand, Aspirin, the anti-inflammatory medication Advil, and Alka Seltzer (the go-to hangover remedy).

So there’s no doubt that Bayer AG is an integral part of the global economy!

Now, let’s talk about how much money Bayer AG makes (and how many employees it has)!

  • The company has revenues of more than €50.7 billion (Source: statista) and employs around 101,000 people worldwide(Source: statista). It remains committed to providing high-quality healthcare products with strong sustainability and social responsibility efforts to help make a difference in the communities it serves.
  • The company has a market capitalisation of approximately $63.20 billion (Source: companiesmarketcap)

Deutsche Post

Deutsche Post - Largest Companies in Germany

Annual Revenue (2022): 81.7 billion euros

Market Capitalisation: 53.46 billion euros

Number of Employees: 5,92,263

Welcome to the story of how Deutsche Post came to be. It began in 1879 when Johann von Dardel established a mail delivery service in Germany.

In 1897, he created the first parcel delivery service, which was a huge success.

Eventually, the German government took over the company and it became a state-owned corporation.

In 1933, Adolf Hitler came to power in Germany and turned his attention to the postal service.

He began exploiting its vast political network – sending propaganda leaflets and other materials to people’s homes and businesses.

This caused many problems for post offices around the country, but none more so than when they were ordered to hand over secret letters from ordinary citizens to Nazi officials.

In response, many brave Germans helped hide these letters in their postboxes, but they were discovered anyway.

This led to widespread censorship of mail in Germany – with even innocuous information like holiday photos being censored or banned outright. The damage was done long before World War II started in 1939.

After World War II ended, most German postal services were privatised again, but Deutsche Post remained government owned.

In 2001, however, it was sold off to two investors – one French and one German – for about $4 billion each (in today’s dollars).

  • Today, it has nearly 11 million active customers across Europe via its various delivery methods (including letter mail), as well as over 3 million corporate customers worldwide via its business-to-business division (which includes shipping). And it continues to grow by offering new products and services that help companies do business more efficiently and effectively.
  • The company’s global workforce includes more than 592,263 employees (Source: macrotrends) in over 160 countries and territories.

That’s a lot of posties!

But it’s not just about numbers.

Deutsche Post is also known for its commitment to sustainability and innovation.

It has an ambitious plan to become carbon neutral by 2030 and is working toward a goal of becoming a zero-waste business by 2025.

In fact, it was recently awarded a solar energy contract to power over 40,000 homes in Israel.


Porche - Largest Companies in Germany

Annual Revenue (2022): 37.6 billion Euros (source: Porsche)

Market Capitalisation: 115.25 billion dollars (source: companiesmarketcap)

Number of Employees: 39,996 (source: Porche)

Porsche is a German automotive company making fast-and-furious cars since 1931.

And though it may be known for its sleek sports cars, its success story is even more impressive.

Founded in 1931 by Ferdinand Porsche, the company has a long history of pushing boundaries and setting new standards in the automotive industry.

From their early days of building race cars to its current lineup of luxury vehicles, Porsche has always been at the forefront of engineering excellence.

And let’s not forget about the Porsche logo – that distinctive crest with the horse? It’s a nod to Ferdinand Porsche’s love of horses (no relation to Sarah Jessica Parker).

With a market capitalization of over $100 billion and revenue exceeding $28 billion, Porsche has firmly established itself as a major player in the automotive industry.

And with over 30,000 employees worldwide, they are truly a global force to be reckoned with.

But what sets Porsche apart from other car manufacturers?

Perhaps it’s their commitment to innovation and quality, or maybe it’s just that driving a Porsche makes you feel like a total boss. Whatever the reason, one thing is clear: when it comes to luxury sports cars, Porsche is a brand that always delivers.

Though Porsche is not the biggest car manufacturer in the world, they sure know how to make a statement.

With their sleek designs and powerful engines, Porsche has carved out their own niche in the ultra-luxury sports car market.


SAP - Largest Companies in Germany

Annual Revenue (2022): 24.08 billion euros

Market Capitalisation: 142.71 billion euros

Number of Employees: 111,961

The story of SAP is one of innovation, dedication, and relentless pursuit of excellence.

The company was founded in 1972 by Hasso Plattner and Dieter Bock as a software and services firm for the financial sector.

  • Since its inception, SAP has grown into an industry-leading enterprise software and analytics company with more than 111,961 employees worldwide(Source: statista).

SAP’s diverse portfolio of solutions covers industries from banking to manufacturing to transportation and includes cutting-edge technologies like artificial intelligence and blockchain.

The company’s commitment to innovation has created ground-breaking products such as Enterprise Suite, HANA, and SuccessFactors.

As a global leader, SAP has earned a reputation for being innovative, customer-centric, and forward-thinking.

It is consistently recognised as one of the best places to work in IT and is listed among the World’s Most Innovative Companies by Forbes magazine.

SAP has also made significant investments in research and development (R&D) to stay ahead of the curve in an increasingly dynamic industry landscape. 

Its R&D spending is among the highest globally, at approximately 4 percent of revenue (versus 2–3 percent for competitors).

This level of R&D spending allows SAP to remain at the forefront of technological advancements within its field.
SAP’s efforts have been noticed; the company was named 2018 Company of the Year by CRN magazine for its achievements in innovation and growth(Source: sap).

With continued investment in R&D and a focus on creating unparalleled experiences for customers worldwide, SAP looks poised to continue its success well into the future!

Let’s take a trip down memory lane, back to 1991 when an unlikely band of misfits came together to create something truly groundbreaking: SAP.

Back then, they were a ragtag group of software engineers, some of whom had never worked on a computer before.

Today, they’re one of the world’s largest and most powerful technology companies, with more than 111,961 employees worldwide(Source: statista).

And yet, over 25 years later, it’s still hard to believe that this motley crew of loners managed to create one of the most revolutionary pieces of software ever written.

But don’t let their humble beginnings fool you – they’ve proved time and again that if you have the drive and ambition to succeed, nothing can stop you from becoming a titan in your field.

SAP isn’t just another tech company; it’s a story about determination and perseverance.

And for that reason alone, we are eager to see where they go next!

So keep your eyes peeled – because just like SAP’s journey into the world of business software has been unexpected and unorthodox, its future looks bright as they continue redefining itself as a company.

In fact, according to their market capitalisation projections in 2022 (numbers), they could be worth more than $146.77 billion(Source: companiesmarketcap)!

That’s quite an impressive figure for such an old-school technology company!

So sit back and enjoy the ride as one of the world’s most innovative companies continues to innovate itself into the future.

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