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

Explore the top 10 biggest companies in Israel by revenue in 2023, including Teva Pharmaceutical Industries, ZIM Integrated Shipping Services, Israel Chemicals, Elbit Systems, Bank Hapoalim, Harel Group, Bank Leumi, Shufersal, Mizrahi-Tefahot, and Israel Discount Bank. These companies span various industries such as pharmaceuticals, transportation, chemicals, defense, banking, financial services, and retail. Together.

1. Teva Pharmaceutical Industries

Industry: pharmaceuticals

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $14650 Millions

Stock symbol: TEVA

Teva Pharmaceutical Industries Home Page

Teva Pharmaceutical Industries is headquartered in Petah Tikva, Israel, and was founded in 1901. It operates in over 60 countries worldwide, making it one of the largest pharmaceutical companies globally. Teva specializes in the development, production, and distribution of generic and specialty medicines, including both prescription and over-the-counter drugs. Some of its well-known brands include Copaxone, Azilect, and ProAir.

2. ZIM Integrated Shipping Services

Industry: transportation

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $13650 Millions

Stock symbol: ZIM

ZIM Integrated Shipping Services Home Page

ZIM Integrated Shipping Services is headquartered in Haifa, Israel, and was founded in 1945. It operates in over 120 countries worldwide, making it a global leader in the shipping industry. The company’s main activities include container shipping, logistics, and maritime services. ZIM offers a wide range of products and services, including door-to-door transportation, cargo tracking, and customs clearance. It is known for its reliable and efficient shipping solutions and has established itself as a trusted brand in the industry.

3. Israel Chemicals

Industry: chemicals

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $9960 Millions

Stock symbol: ICL

Israel Chemicals Home Page

Israel Chemicals (ICL) is headquartered in Tel Aviv, Israel, and was founded in 1968. It operates in multiple countries, with a presence in over 30 countries worldwide. ICL is primarily engaged in the production and distribution of essential minerals and chemicals. Their main activities include mining, manufacturing, and marketing a wide range of products such as potash, bromine, phosphates, and specialty fertilizers. Some of their well-known brands include Dead Sea Works, ICL Fertilizers, and ICL Industrial Products.

4. Elbit Systems

Industry: defense

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $9280 Millions

Stock symbol: ESLT

Elbit Systems Home Page

Elbit Systems is headquartered in Haifa, Israel and was founded in 1966. It operates in multiple countries, with a presence in over 30 countries worldwide. The company specializes in defense, security, and commercial aviation activities. They provide a wide range of products and services, including advanced defense systems, unmanned aircraft systems, and cybersecurity solutions. Elbit Systems is known for its innovative technologies and brands such as Hermes, Skylark, and C4I systems.

5. Bank Hapoalim

Industry: banking

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $4880 Millions

Stock symbol: POLI.TA

Bank Hapoalim Home Page

Bank Hapoalim is headquartered in Tel Aviv, Israel and was founded in 1921. It operates in multiple countries, with a presence in over 10 countries worldwide. The bank’s main activities include providing a wide range of financial services such as retail banking, corporate banking, investment banking, and asset management. Bank Hapoalim offers various products and services including loans, mortgages, credit cards, savings accounts, and investment solutions. It is one of the largest banks in Israel and is known for its strong brand reputation and customer-centric approach.

6. Harel Group

Industry: financial services

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $4700 Millions

Stock symbol: HARL.TA

Harel Group Home Page

Harel Group is headquartered in Tel Aviv, Israel and was founded in 1935. It operates in multiple countries, with a presence in over 20 countries worldwide. The group is primarily engaged in insurance and financial services, offering a wide range of products and services such as life insurance, health insurance, pension funds, and asset management. Harel Group is known for its strong brand reputation and commitment to providing reliable and innovative financial solutions.

7. Bank Leumi

Industry: banking

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $4680 Millions

Stock symbol: LUMI.TA

Bank Leumi Home Page

Bank Leumi is headquartered in Tel Aviv, Israel and was founded in 1902. It operates in multiple countries, with a presence in over 20 countries worldwide. The bank’s main activities include providing a wide range of financial services such as retail and commercial banking, investment banking, and asset management. Bank Leumi offers various products and services to its customers, including loans, mortgages, credit cards, and investment solutions. It is known for its strong brand and reputation in the banking industry.

8. Shufersal

Industry: retail

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $4400 Millions

Stock symbol: SAE.TA

Shufersal Home Page

Shufersal is a retail company headquartered in Tel Aviv, Israel. It was founded in 1958. Shufersal operates in Israel and has a presence in over 250 locations across the country. The company’s main activities include operating supermarkets, convenience stores, and online grocery delivery services. Shufersal offers a wide range of products including groceries, household items, and personal care products. It also owns various brands such as Shufersal Deal, Shufersal Express, and Shufersal Online.

9. Mizrahi-Tefahot

Industry: banking

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $3750 Millions

Stock symbol: MZTF.TA

Mizrahi-Tefahot Home Page

Mizrahi-Tefahot is a financial institution headquartered in Tel Aviv, Israel. It was founded in 1923 and operates primarily in Israel, with branches and subsidiaries in various countries. The company’s main activities include providing banking and financial services to individuals, businesses, and institutions. They offer a wide range of products and services, including loans, mortgages, savings accounts, investment management, and insurance. Mizrahi-Tefahot is known for its strong presence in the Israeli banking sector and is one of the largest banks in the country.

10. Israel Discount Bank

Industry: banking

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $3590 Millions

Stock symbol: ISDAY

Israel Discount Bank Home Page

Israel Discount Bank is headquartered in Tel Aviv, Israel and was founded in 1935. It operates in multiple countries, including Israel, the United States, and Switzerland. The bank offers a wide range of financial services, including retail and commercial banking, asset management, and investment banking. It is known for its diverse portfolio of products and services, catering to both individual and corporate clients.

More: An Analysis of the Economic System in Israel

The combined revenue of Israel’s top 10 companies amounts to $73B

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