Top 10 Biggest companies by revenue in Brazil (2023 data)

Brazil’s top 10 companies by revenue in 2023 include Petrobras, Vitru, JBS, Vale, Itaú Unibanco, Ultrapar Participacoes, Ambev, Banco Bradesco, Braskem, and Banco do Brasil. These companies span industries such as energy, technology, food and beverage, mining, and financial services, contributing to Brazil’s economic growth. These companies play a significant role in Brazil’s economy.

1. Petrobras

Industry: energy

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $118330 Millions

Stock symbol: PBR

Petrobras Home Page

Petrobras is a Brazilian multinational energy corporation headquartered in Rio de Janeiro, Brazil. It was founded in 1953 and operates in numerous countries worldwide. The company’s main activities revolve around the exploration, production, refining, and distribution of oil and gas. Petrobras also engages in the generation of electricity, petrochemicals, and biofuels. It is known for its diverse range of products and services, including gasoline, diesel, aviation fuel, lubricants, and natural gas.

2. Vitru

Industry: technology

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $111940 Millions

Stock symbol: VTRU

Vitru Home Page

Vitru is a company headquartered in São Paulo, Brazil, founded in 2014. It operates in multiple countries, with a presence in over 20 countries worldwide. The company’s main activities revolve around providing educational technology solutions, specifically in the field of distance learning. Vitru offers a range of products and services, including online courses, virtual classrooms, and learning management systems. While not known for any specific brands, Vitru is recognized for its innovative approach to online education.

3. JBS

Industry: food and beverage

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $72620 Millions

Stock symbol: JBSS3.SA

JBS Home Page

JBS is a multinational company with its headquarters in São Paulo, Brazil. It was founded in 1953. The company operates in more than 20 countries worldwide, including the United States, Australia, and Canada. JBS is primarily engaged in the meat processing industry, specializing in beef, pork, and poultry products. They offer a wide range of products and services, including fresh and frozen meats, prepared foods, and value-added products. JBS is known for its various brands, such as Swift, Pilgrim’s, and Seara.

4. Vale

Industry: mining

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $43870 Millions

Stock symbol: VALE

Vale Home Page

Vale is a multinational mining company headquartered in Rio de Janeiro, Brazil, founded in 1942. It operates in multiple countries, with operations in around 30 countries worldwide. The company’s main activities revolve around the extraction and production of iron ore, nickel, copper, coal, and fertilizers. Vale also provides logistics services and operates ports and railroads. Some of its well-known brands include Valemax, Vale Fertilizantes, and Vale Moçambique.

5. Itaú Unibanco

Industry: financial services

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $26280 Millions

Stock symbol: ITUB

Itaú Unibanco Home Page

Itaú Unibanco is headquartered in São Paulo, Brazil and was founded in 1924. It operates in multiple countries, including Brazil, Argentina, Chile, Colombia, and Uruguay. The company’s main activities include providing banking and financial services, such as retail banking, asset management, and insurance. Itaú Unibanco offers a wide range of products and services, including loans, credit cards, investment solutions, and insurance policies.

6. Ultrapar Participacoes

Industry: energy

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $25010 Millions

Stock symbol: UGP

Ultrapar Participacoes Home Page

Ultrapar Participacoes is headquartered in Sao Paulo, Brazil and was founded in 1937. It operates in multiple countries, with a presence in more than 20 countries worldwide. The company is primarily engaged in the distribution and retail of fuel, chemicals, and gas. It also provides storage and logistics services. Ultrapar Participacoes owns various well-known brands, including Ipiranga, Ultragaz, and Oxiteno.

7. Ambev

Industry: beverage

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $23880 Millions

Stock symbol: ABEV

Ambev Home Page

Ambev is headquartered in São Paulo, Brazil and was founded in 1999. It operates in 16 countries across the Americas, including Brazil, Argentina, and Canada. Ambev is primarily engaged in the production and distribution of beverages, including beer, soft drinks, and non-alcoholic beverages. Some of its well-known brands include Brahma, Skol, and Antarctica.

8. Banco Bradesco

Industry: financial services

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $21060 Millions

Stock symbol: BBD

Banco Bradesco Home Page

Banco Bradesco is headquartered in Osasco, Brazil and was founded in 1943. It operates in several countries, including Brazil, Argentina, Uruguay, and the United States. The company’s main activities revolve around banking and financial services, offering products such as loans, credit cards, insurance, and investment solutions. Bradesco is known for its strong presence in the Brazilian market and its reputable brands, including Bradesco Seguros and Bradesco Prime.

9. Braskem

Industry: chemicals

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $20270 Millions

Stock symbol: BAK

Braskem Home Page

Braskem is a multinational company with its headquarters in São Paulo, Brazil. It was founded in 2002. The company operates in multiple countries, with a presence in over 70 countries worldwide. Braskem is primarily engaged in the production and distribution of petrochemicals and thermoplastic resins. They offer a wide range of products and services, including polyethylene, polypropylene, and PVC resins. Braskem is known for its commitment to sustainability and innovation in the chemical industry.

10. Banco do Brasil

Industry: financial services

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $20190 Millions

Stock symbol: BZLA.F

Banco do Brasil Home Page

Banco do Brasil, founded in 1808, is headquartered in Brasília, Brazil. It operates in several countries, including the United States, Argentina, and Japan. The bank’s main activities include providing financial services such as retail banking, asset management, and insurance. Banco do Brasil offers a wide range of products and services, including loans, credit cards, investment options, and insurance policies. It is one of the largest banks in Brazil and is known for its strong presence in the domestic market.

More: The Economic System of Brazil: An Analysis

The combined revenue of Brazil’s top 10 companies amounts to $483B

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