Top 10 Largest Companies in Europe (by Market Cap, 2025)
As of mid-2025, Europe’s corporate giants span a range of sectors—from pharmaceuticals and software to luxury and semiconductors. Here are the Top 10 publicly traded European companies by market capitalization, complete with the latest estimated values and fun facts that add context and intrigue.
- Novo Nordisk (Denmark) — ~$368 billion (Reuters)
Recently regained its crown as Europe’s most valuable company in June 2025, buoyed by its leadership in diabetes and obesity treatments and ongoing innovation in next-generation therapies. - SAP SE (Germany) — ~€314 billion (~$339 billion) (~$320 billion after earnings surge) (WSJ; MarketWatch)
Surged ahead of rivals thanks to its strategic shift from traditional software licensing to subscription-based cloud and AI-enhanced solutions. - ASML Holding (Netherlands) — ~$293 billion (CompaniesMarketCap; corroborated by LSEG data ranking) (Reuters)
The critical enabler behind the global semiconductor industry: ASML manufactures the lithography systems—especially EUV machines—that power modern chips. - LVMH (France) — ~$359 billion (VisualCapitalist)
Leader of the luxury sector, LVMH’s diverse portfolio—from Dior to Dom Pérignon—fuses artisanal prestige with innovative retail models. - Hermès International (France) — ~$303 billion (VisualCapitalist)
Synonymous with exclusivity and craftsmanship, Hermès continues to command extraordinary margins in haute couture and leather goods. - Nestlé (Switzerland) — ~$273 billion (VisualCapitalist)
The world’s largest food & beverage company, with iconic brands like Nescafé and KitKat—now also investing heavily in plant-based nutrition and sustainability. - Roche Holding (Switzerland) — ~$265 billion (VisualCapitalist top-50 global chart)
Global powerhouse in oncology and diagnostics—continues to lead with personalized medicine and innovation-driven growth. - L’Oréal (France) — ~$235 billion (VisualCapitalist)
Dominating global beauty, L’Oréal blends mass-market reach with high-margin prestige brands and digital beauty experiences. - Accenture (Ireland) — ~$219 billion (CompaniesMarketCap)
Consulting and services titan—driving enterprise transformations across cloud, AI, and digital infrastructure. - Prosus (Netherlands) — ~$191 billion (CompaniesMarketCap)
Major tech investor and holding company—bets include emerging markets’ digital platforms and global IT start-ups.
Notes & Source Links
- Nova Nordisk reclaimed the top spot with a market value of $367.91 billion in June 2025 (Reuters).
- SAP surpassed Novo Nordisk earlier in 2025, reaching approx. €313 billion (~$339 billion), later rising to ~$320 billion after strong earnings in April (WSJ, MarketWatch).
- VisualCapitalist provides the global ranking of European firms among the world’s top market caps (VC Europe-US-China chart; VC top 50 global).
- Additional EU market cap data from CompaniesMarketCap.com (CompaniesMarketCap EU list).