Most revenue paid in stock

Stock-based compensation as a share of revenue: a real cost that adjusted earnings add back and owners pay in dilution.

The top 50 US-listed companies above $2B, recomputed each night from SEC filings.

Technology takes 9 of the top ten places. Snowflake Inc. leads at 34.2%, and the middle of the list sits at 8.6% (Cadence Design Systems).

1. 1SNOWSnowflake Inc.Technology$1.6B in FY202634.2%
2. 2MRNAModernaHealthcare$483M in FY202524.9%
3. 3ZSZscaler, Inc.Technology$822M in FY202624.5%
4. 4TEAMAtlassian CorporationTechnology$1.6B in FY202624.4%
5. 5CRWDCrowdStrikeTechnology$1.1B in FY202622.8%
6. 6DDOGDatadogTechnology$751M in FY202521.9%
7. 7NETCloudflare, Inc.Technology$451M in FY202520.8%
8. 8ALABAstera Labs, Inc.Technology$160M in FY202518.8%
9. 9OKTAOkta, Inc.Technology$544M in FY202618.6%
10. 10WDAYWorkday, Inc.Technology$1.6B in FY202617.0%
11. 11PANWPalo Alto NetworksTechnology$1.8B in FY202615.4%
12. 12NTRANatera, Inc.Healthcare$354M in FY202515.4%
13. 13PLTRPalantir TechnologiesTechnology$684M in FY202515.3%
14. 14VEEVVeeva SystemsHealthcare$473M in FY202614.8%
15. 15NOWServiceNowTechnology$2.0B in FY202514.7%
16. 16PEverpure, Inc.Technology$482M in FY202613.2%
17. 17ABNBAirbnbConsumer Cyclical$1.6B in FY202513.0%
18. 18SNPSSynopsys, Inc.Technology$893M in FY202512.7%
19. 19RPRXRoyalty Pharma plcHealthcare$290M in FY202512.2%
20. 20AVGOBroadcomTechnology$7.6B in FY202511.8%
21. 21MSTRStrategy IncTechnology$53M in FY202511.2%
22. 22ADSKAutodeskTechnology$788M in FY202610.9%
23. 23METAMeta PlatformsCommunication Services$20.4B in FY202510.2%
24. 24INTUIntuitTechnology$2.1B in FY20269.6%
25. 25ONCBeOne Medicines AGHealthcare$511M in FY20259.6%
26. 26CDNSCadence Design SystemsTechnology$455M in FY20258.6%
27. 27CRMSalesforceTechnology$3.5B in FY20268.5%
28. 28ADBEAdobe Inc.Technology$1.9B in FY20258.2%
29. 29MPWRMonolithic Power SystemsTechnology$227M in FY20258.2%
30. 30ISRGIntuitive SurgicalHealthcare$788M in FY20257.8%
31. 31DASHDoorDashConsumer Cyclical$1.1B in FY20257.7%
32. 32MRVLMarvell Technology, Inc.Technology$591M in FY20267.2%
33. 33ORCLOracle CorporationTechnology$4.8B in FY20267.1%
34. 34REGNRegeneron PharmaceuticalsHealthcare$994M in FY20256.9%
35. 35ILMNIllumina, Inc.Healthcare$275M in FY20256.3%
36. 36QCOMQualcommTechnology$2.8B in FY20256.3%
37. 37GOOGLAlphabet Inc.Communication Services$25.0B in FY20256.2%
38. 38NTAPNetAppTechnology$382M in FY20266.1%
39. 39CSCOCiscoTechnology$3.8B in FY20266.0%
40. 40VRTXVertex PharmaceuticalsHealthcare$686M in FY20255.7%
41. 41LITELumentumTechnology$170M in FY20265.7%
42. 42EBAYeBay Inc.Consumer Cyclical$607M in FY20255.5%
43. 43MCHPMicrochip TechnologyTechnology$255M in FY20265.4%
44. 44ANETArista NetworksTechnology$439M in FY20254.9%
45. 45AMDAdvanced Micro DevicesTechnology$1.6B in FY20254.7%
46. 46INTCIntelTechnology$2.4B in FY20254.6%
47. 47FTNTFortinetTechnology$280M in FY20254.1%
48. 48CIENCienaTechnology$185M in FY20253.9%
49. 49APPAppLovinTechnology$210M in FY20253.8%
50. 50NXPINXP SemiconductorsTechnology$462M in FY20253.8%