The Largest Communication Services Companies by Market Cap in September 2026

Alphabet, SpaceX, and Meta Platforms are the biggest companies by market cap in the communication services sector

By Lyle Daly – Updated Sep 6, 2026 at 3:39 PM EST | Fact-checked by Frank Bass

Key Points

Alphabet leads in market cap at $4.1 trillion among communication services.
SpaceX debuted as a public company with a $2.0 trillion market cap in 2026.
Meta Platforms reported a gross profit of $186.6 billion, focusing on AI and VR technologies.

Alphabet (GOOG -1.05%) (GOOGL -1.11%) is the largest communication services company in the world, followed by Space Exploration Technologies (SPCX -1.20%) and Meta Platforms (META +1.00%). This market sector is split between innovative technology giants and established telecommunications businesses that pay high dividends. Read on to see the 10 most valuable companies as of September 2026.

Editor's note: Rankings and financial metrics are as of Sept. 4, 2026; live quote cards update automatically and are the most current data available.

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Communication network around Earth. — Image source: Getty Images.

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Largest companies by market cap in the communications sector

Ticker Information Table
Name and ticker	Market capMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.	Current price	Industry
Alphabet (NASDAQ:GOOGL)	$4.1 trillion	$338.46	Interactive Media and Services
Space Exploration Technologies (NASDAQ:SPCX)	$2.0 trillion	$147.95	Diversified Telecommunication Services
Meta Platforms (NASDAQ:META)	$1.6 trillion	$616.77	Interactive Media and Services
Tencent (OTC:TCEHY)	$510.5 billion	$56.60	Interactive Media and Services
Netflix (NASDAQ:NFLX)	$325.8 billion	$78.25	Entertainment
China Mobile (FRA:CTM)	$184.4 billion	€7.98	Wireless Telecommunication Services
Verizon Communications (NYSE:VZ)	$208.3 billion	$50.14	Diversified Telecommunication Services
SoftBank Group (OTC:SFTBF)	$196.1 billion	$34.41	Wireless Telecommunication Services
T-Mobile US (NASDAQ:TMUS)	$194.7 billion	$181.52	Wireless Telecommunication Services
Walt Disney (NYSE:DIS)	$181.8 billion	$105.31	Entertainment

Data as of Sep 7, 2026. Showing 10 of 10 total entries.

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1. Alphabet

Market cap: $4.14 trillion (as of Sept. 4)
Revenue (TTM): $445.9 billion
Gross profit (TTM): $271.5 billion
Five-year annualized return: 18.68%
Year founded: 1998 (Google), 2015 (Alphabet)

TTM = trailing 12 months.

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NASDAQ: GOOG

Alphabet

Today's Change

(-1.05%) $-3.55

Current Price

$335.31

Key Data Points

Market Cap

$4.1T

Day's Range

$333.75 - $340.18

52wk Range

$233.38 - $404.47

Volume

12.7M

Avg Vol

20.2M

Gross Margin

60.94%

Dividend Yield

0.32%

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NASDAQ: GOOGL

Alphabet

Premium Feature

Moneyball Superscore

93/100

Today's Change

(-1.11%) $-3.80

Current Price

$338.46

Key Data Points

Market Cap

$4.1T

Day's Range

$337.09 - $343.53

52wk Range

$233.23 - $408.61

Volume

23.2M

Avg Vol

30.2M

Gross Margin

60.94%

Dividend Yield

0.32%

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Alphabet is the parent company of Google, the world's most widely used search engine. Other products and services offered by Google include its Chrome web browser, Gmail, the Pixel smartphone line, and the artificial intelligence (AI) assistant Gemini. Alphabet owns several other major companies, including YouTube, Waymo, Waze, Nest, and Fitbit.

In March 2026, Google and Meta lost a social media addiction case in California. A jury found the companies liable for $6 million in compensatory and punitive damages for allegedly designing their products to be addictive. Google launched an appeal of the verdict in July 2026.

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2. Space Exploration Technologies

Market cap: $1.95 trillion (as of Sept. 4)
Revenue (TTM): $23.0 billion
Gross profit (TTM): $12.0 billion
Year founded: 2002

NASDAQ: SPCX

Space Exploration Technologies

Today's Change

(-1.20%) $-1.79

Current Price

$147.95

Key Data Points

Market Cap

$2.0T

Day's Range

$147.32 - $150.85

52wk Range

$104.83 - $225.64

Volume

49.1M

Avg Vol

111.9M

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Elon Musk founded Space Exploration Technologies, commonly known as SpaceX, to reduce the cost of space travel through reusable rockets. Its businesses span several industries, but its biggest revenue driver is telecommunications through its Starlink satellite internet service.

SpaceX conducted its IPO in June 2026, immediately becoming one of the world's largest public companies. Musk is the CEO, the largest shareholder, and controls most of the voting power.

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3. Meta Platforms

Market cap: $1.57 trillion (as of Sept. 4)
Revenue (TTM): $228.3 billion
Gross profit (TTM): $186.6 billion
Five-year annualized return: 10.39%
Year founded: 2004

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NASDAQ: META

Meta Platforms

Premium Feature

Moneyball Superscore

79/100

Today's Change

(1.00%) $6.09

Current Price

$616.77

Key Data Points

Market Cap

$1.6T

Day's Range

$605.27 - $617.46

52wk Range

$520.26 - $790.80

Volume

16M

Avg Vol

18M

Gross Margin

81.75%

Dividend Yield

0.34%

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Meta Platforms aims to connect people through technology. It's the parent company of Facebook, Instagram, Messenger, and WhatsApp. It also develops virtual reality (VR) and augmented reality (AR) devices, including the Meta Quest.

The company is using AI to automate ad creation and is developing AI-powered military products. Meta also launched Meta Superintelligence Labs, an AI superintelligence unit, in June 2025. The company settled a lawsuit over social media addiction with 47 states in August 2026, agreeing to pay as much as $17.1 billion in penalties for violating state consumer protection and federal child privacy laws.

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4. Tencent

Market cap: $510.02 billion (as of Sept. 4)
Revenue (TTM): $117.5 billion*
Gross profit (TTM): $66.6 billion*
Five-year annualized return: -2.15%
Year founded: 1998

*Converted from Chinese yuan.

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OTC: TCEHY

Tencent

Today's Change

(1.34%) $0.75

Current Price

$56.60

Key Data Points

Market Cap

$510B

Day's Range

$56.10 - $56.72

52wk Range

$52.84 - $87.68

Volume

2.7M

Avg Vol

3.8M

Gross Margin

54.87%

Dividend Yield

1.19%

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Tencent (TCEHY +1.34%) is a holding company that focuses on internet and technology services. It's the largest publicly traded company in China and one of the world's largest video game companies, a position it has bolstered in recent years with major investments in Ubisoft Entertainment (UBSFY -3.87%) and Lighthouse Games.

This company offers multiple instant messaging apps, including WeChat. It also operates a film production company, a video streaming service, music ventures, and several other products and services.

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5. Netflix

Market cap: $325.83 billion (as of Sept. 4)
Revenue (TTM): $48.4 billion
Gross profit (TTM): $23.8 billion
Five-year annualized return: 5.79%
Year founded: 1997

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NASDAQ: NFLX

Netflix

Premium Feature

Moneyball Superscore

79/100

Today's Change

(-5.35%) $-4.42

Current Price

$78.25

Key Data Points

Market Cap

$326B

Day's Range

$78.23 - $82.69

52wk Range

$65.08 - $126.70

Volume

40.2M

Avg Vol

41.5M

Gross Margin

49.53%

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With more than 325 million subscribers, Netflix (NFLX -5.35%) It is the world's most popular streaming service. It started as a mail-based DVD rental service before launching its streaming service in 2007. Netflix boasts a massive content library of movies, TV shows, and games, with more than half of its content in the U.S. being Netflix Originals.

In 2024, Netflix began a push toward live sports. It streamed the boxing match between Mike Tyson and Jake Paul and aired multiple NFL games.

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6. China Mobile

Market cap: $257.33 billion* (as of Sept. 4)
Revenue (TTM): $155.0 billion*
Gross profit (TTM): $88.8 billion*
Five-year annualized return: 10.54%
Year founded: 1997

*Converted from Chinese yuan.

China Mobile is a state-owned telecom company in China. It's the largest wireless carrier in China and the world, with more than 1 billion customers as of the second quarter of 2026.

The company's links to the Chinese government have led to U.S. sanctions. The New York Stock Exchange delisted China Mobile in 2021, and the Federal Communications Commission (FCC) designated China Mobile's U.S. subsidiary a national security threat in 2022.

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7. Verizon Communications

Market cap: $208.32 billion (as of Sept. 4)
Revenue (TTM): $138.9 billion
Gross profit (TTM): $82.3 billion
Five-year annualized return: -1.99%
Year founded: 1983

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NYSE: VZ

Verizon Communications

Premium Feature

Moneyball Superscore

70/100

Today's Change

(-0.89%) $-0.45

Current Price

$50.14

Key Data Points

Market Cap

$208B

Day's Range

$50.08 - $50.70

52wk Range

$38.39 - $51.68

Volume

13.4M

Avg Vol

26.3M

Gross Margin

45.71%

Dividend Yield

5.57%

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Verizon Communications (VZ -0.89%) is the No. 1 U.S. wireless carrier by market cap and number of subscribers. It had about 147 million subscribers as of June 2026. Like other major wireless companies, Verizon also offers home internet service.

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8. SoftBank Group

Market cap: $196.10 billion (as of Sept. 4)
Revenue (TTM): $49.8 billion*
Gross profit (TTM): $25.7 billion*
Five-year annualized return: 19.30%
Year founded: 1981

*Converted from Japanese yen.

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OTC: SFTBF

SoftBank Group

Today's Change

(7.18%) $2.30

Current Price

$34.41

Key Data Points

Market Cap

$196B

Day's Range

$34.10 - $36.00

52wk Range

$20.80 - $58.08

Volume

3.4K

Avg Vol

15.3K

Gross Margin

51.47%

Dividend Yield

0.21%

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SoftBank Group (SFTBF +7.18%) is a Japanese telecommunications and investment company. It has invested heavily in tech companies, starting with Yahoo! in 1995. It also partnered with Chinese e-commerce giant Alibaba (BABA +1.28%) in 2000.

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9. T-Mobile US

Market cap: $194.71 billion (as of Sept. 4)
Revenue (TTM): $92.2 billion
Gross profit (TTM): $57.3 billion
Five-year annualized return: 5.94%
Year founded: 1994

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NASDAQ: TMUS

T-Mobile US

Premium Feature

Moneyball Superscore

77/100

Today's Change

(-3.46%) $-6.50

Current Price

$181.52

Key Data Points

Market Cap

$195B

Day's Range

$180.65 - $187.71

52wk Range

$165.66 - $247.25

Volume

4.5M

Avg Vol

5.1M

Gross Margin

46.59%

Dividend Yield

2.25%

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T-Mobile (TMUS -3.46%) is the second-largest wireless company in the U.S. by number of subscribers. It had about 142 million customers at the end of 2025.

The bulk of T-Mobile's business comes from its postpaid and prepaid wireless plans, but it also offers home internet service and even online banking services. To enhance its home internet, it completed the acquisition of fiber-to-the-home provider Lumos in April 2025.

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10. Walt Disney

Market cap: $181.84 billion (as of Sept. 4)
Revenue (TTM): $98.9 billion
Gross profit (TTM): $37.2 billion
Five-year annualized return: -10.27%
Year founded: 1923

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NYSE: DIS

Walt Disney

Premium Feature

Moneyball Superscore

74/100

Today's Change

(-1.73%) $-1.85

Current Price

$105.31

Key Data Points

Market Cap

$182B

Day's Range

$105.17 - $106.88

52wk Range

$92.19 - $119.05

Volume

6.1M

Avg Vol

10.4M

Gross Margin

32.19%

Dividend Yield

1.42%

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Walt Disney (DIS -1.73%) is one of the world's most iconic media and entertainment companies. Its entertainment division includes film production, multiple streaming services, and TV channels. The experiences division has theme parks, resorts, cruises, and vacation packages. Disney also has a sports division led by ESPN.

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Alphabet, SpaceX, and Meta anchor communication services at the top

The communications sector comprises a diverse range of companies in interactive media, entertainment, and telecom, but it's top-heavy. Alphabet, SpaceX, and Meta are all far larger than any other communications companies.

Still, investors have plenty of options in this sector. Wireless companies are common, and although they sometimes underperform the overall stock market, they are often good dividend stocks.

Interactive media and entertainment companies, on the other hand, tend to be growth stocks. Many of these companies are somewhat volatile and can be heavily affected by economic downturns. This can lead to short-term turbulence, but there are always valuable investment opportunities among the best communications stocks.

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The Largest Communications Services Companies by Market Cap in September 2026

Alphabet, SpaceX, and Meta Platforms are the biggest companies by market cap in the communication services sector

Key Points

Largest companies by market cap in the communications sector

1. Alphabet

Key Data Points

Key Data Points

2. Space Exploration Technologies

Key Data Points

3. Meta Platforms

Key Data Points

4. Tencent

Key Data Points

5. Netflix

Key Data Points

6. China Mobile

7. Verizon Communications

Key Data Points

8. SoftBank Group

Key Data Points

9. T-Mobile US

Key Data Points

10. Walt Disney

Key Data Points

Alphabet, SpaceX, and Meta anchor communication services at the top

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1. Alphabet

Key Data Points

Key Data Points

Key Data Points

3. Meta Platforms

Key Data Points

4. Tencent

Key Data Points

5. Netflix

Key Data Points

6. China Mobile

7. Verizon Communications

Key Data Points

8. SoftBank Group

Key Data Points

9. T-Mobile US

Key Data Points

10. Walt Disney

Key Data Points

Alphabet, SpaceX, and Meta anchor communication services at the top

6 Best Communication Stocks for 2026 and How to Invest

Google (GOOG) Stock Predictions: What Investors Should Expect in 2026 and Beyond

The Biggest IPOs Ever: How the Top 10 Performed and How Anthropic Could Compare

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Methodology