Along with Global 500 2025 ranking of the world’s most valuable brands, new data from Brand Finance shows FanDuel, DraftKings, AMD, Pinduoduo, BYD, TSMC and Lilly have highest brand value growth since 2020
LONDON, 21 January 2025 – Apple is once again the world’s most valuable brand. Brand Finance, the world’s leading brand valuation consultancy, values Apple’s brand at USD574.5 billion for 2025, keeping it ahead of its closest rival, Microsoft, valued at USD461 billion. Except for 2023, when Apple briefly trailed Amazon by a margin of just 1%, it has held the top spot as the world’s most valuable brand since 2021.
According to Brand Finance’s Global 500 2025 research, 4 out of the 5 most valuable brands in the world are technology brands:
Brand Finance also analysed what brands have grown the most since 2020. While technology is clearly a high-growth sector over the longer term, the depth of Brand Finance data and research provides a revealing and nuanced view. The analysis includes TikTok – although Brand Finance began valuing the brand in 2022, its 79% growth in 4 years puts it in the same league as the other high-growth brands.
American gambling brands DraftKings and Fanduel are cashing in as U.S. legislators and courts legalise online gambling and overturn old laws preventing betting. Semiconductor brands NVIDIA, AMD, and TSMC advance new technologies, while tech giants Apple and Microsoft lead from the front, continuing to innovate from their dominant positions in an evolving and growing market. E-Commerce brand Pinduoduo is following in Apple and Microsoft’s footsteps, investing in an ecosystem that merges social networking with online shopping. Electric vehicle maker BYD and pharmaceutical brand Lilly are meeting the modern demands of evolving consumers.
David Haigh, Chairman and CEO of Brand Finance, commented:
“Our analysis of what brands have grown the most since 2020 reveals that technology companies do not have a monopoly on sustained brand growth. This longer-term view also reinforces another important global trend: how Chinese brands like TikTok, Pinduoduo, and BYD are leading the charge by creating value, and challenging established brand leaders. As China continues to refine its brand-building strategies and focus on quality, we expect to see more Chinese companies enter the global marketplace in 2025.”
Although these brands grew in different ways, generally speaking, their paths over the past five years have been organic and linear. None of the ten brands with the biggest value growth belong to the sector that has added the most value since 2020: Media, up 125%, encapsulating the transformation of media brands from news source to indispensable tools used daily around the world.
Google, the world’s third most valuable brand, saw its brand value increase by 24% to USD413 billion. Ongoing investments in AI have enhanced Google’s reputation for innovation while strengthening its consumer appeal and trust.
Amazon, with a 15% increase in brand value to USD356.4 billion, continues to integrate AI across its operations, from personalised recommendations to advanced logistics. These efforts have solidified its reputation as a customer-focused brand, driving sustained growth.
For the second consecutive year, WeChat is the world’s strongest brand, with a Brand Strength Index (BSI) score of 95.2 out of 100 and an AAA+ brand strength rating. WeChat’s comprehensive ecosystem and seamless integration capability continue to propel the Chinese brand as a global leader.
e& is the fastest growing brand value in the world this year, posting an eight-fold increase in brand value to USD15.3 billion. This is the final stage of a 3-year group rebrand, staged to transition brand equity from Etisalat to e& as a platform for international growth. The like for like brand value growth is 13% versus the combined value of the brands in 2024. Nvidia has the highest like for like growth - 98% - making it the second fastest growing brand value for 2025.
Global economic growth is expected to remain stagnant at 2.8% in 2025, mirroring 2024 and falling short of the 3.2% pre-pandemic average, according to United Nations forecasts. In contrast, the world’s 500 most valuable brands are thriving, with their total value rising 10% year-on-year, from USD8.6 trillion in 2024 to nearly USD9.5 trillion in 2025, according to Brand Finance data.
Apple leads the way among 193 American brands featured in the ranking, collectively contributing over half of the total. China and Germany follow as the second and third most valuable countries, with 69 and 27 brands respectively, accounting for 15% and 6% of the total brand value. Across sectors, banking leads with 79 brands contributing 13%, followed by retail with 45 brands at 11%. Media ranks third, with 23 brands representing 10%.
Brand Finance is launching the Global 500 at Davos on the 21st of January 2025 in partnership with Infosys, the fastest growing IT Services brand over the last 5 years.
Brand Finance is the world’s leading brand valuation consultancy. Bridging the gap between marketing and finance, Brand Finance evaluates the strength of brands and quantifies their financial value to help organisations make strategic decisions.
Headquartered in London, Brand Finance operates in over 25 countries. Every year, Brand Finance conducts more than 6,000 brand valuations, supported by original market research, and publishes over 100 reports which rank brands across all sectors and countries.
Brand Finance also operates the Global Brand Equity Monitor, conducting original market research annually on 6,000 brands, surveying more than 175,000 respondents across 41 countries and 31 industry sectors. By combining perceptual data from the Global Brand Equity Monitor with data from its valuation database — the largest brand value database in the world — Brand Finance equips ambitious brand leaders with the data, analytics, and the strategic guidance they need to enhance brand and business value.
In addition to calculating brand value, Brand Finance also determines the relative strength of brands through a balanced scorecard of metrics evaluating marketing investment, stakeholder equity, and business performance, compliant with ISO 20671.
Brand Finance is a regulated accountancy firm and a committed leader in the standardisation of the brand valuation industry. Brand Finance was the first to be certified by independent auditors as compliant with both ISO 10668 and ISO 20671 and has received the official endorsement of the Marketing Accountability Standards Board (MASB) in the United States.
Brand is defined as a marketing-related intangible asset including, but not limited to, names, terms, signs, symbols, logos, and designs, intended to identify goods, services, or entities, creating distinctive images and associations in the minds of stakeholders, thereby generating economic benefits.
Brand strength is the efficacy of a brand’s performance on intangible measures relative to its competitors. Brand Finance evaluates brand strength in a process compliant with ISO 20671, looking at Marketing Investment, Stakeholder Equity, and the impact of those on Business Performance. The data used is derived from Brand Finance’s proprietary market research programme and from publicly available sources.
Each brand is assigned a Brand Strength Index (BSI) score out of 100, which feeds into the brand value calculation. Based on the score, each brand is assigned a corresponding Brand Rating up to AAA+ in a format similar to a credit rating.
Brand Finance calculates the values of brands in its rankings using the Royalty Relief approach – a brand valuation method compliant with the industry standards set in ISO 10668. It involves estimating the likely future revenues that are attributable to a brand by calculating a royalty rate that would be charged for its use, to arrive at a ‘brand value’ understood as a net economic benefit that a brand owner would achieve by licensing the brand in the open market.
The steps in this process are as follows:
1 Calculate brand strength using a balanced scorecard of metrics assessing Marketing Investment, Stakeholder Equity, and Business Performance. Brand strength is expressed as a Brand Strength Index (BSI) score on a scale of 0 to 100.
2 Determine royalty range for each industry, reflecting the importance of brand to purchasing decisions. In luxury, the maximum percentage is high, while in extractive industry, where goods are often commoditised, it is lower. This is done by reviewing comparable licensing agreements sourced from Brand Finance’s extensive database.
3 Calculate royalty rate. The BSI score is applied to the royalty range to arrive at a royalty rate. For example, if the royalty range in a sector is 0-5% and a brand has a BSI score of 80 out of 100, then an appropriate royalty rate for the use of this brand in the given sector will be 4%.
4 Determine brand-specific revenues by estimating a proportion of parent company revenues attributable to a brand.
5 Determine forecast revenues using a function of historic revenues, equity analyst forecasts, and economic growth rates.
6 Apply the royalty rate to the forecast revenues to derive brand revenues.
7 Discount post-tax brand revenues to a net present value which equals the brand value.
Brand Finance has produced this study with an independent and unbiased analysis. The values derived and opinions presented in this study are based on publicly available information and certain assumptions that Brand Finance used where such data was deficient or unclear. Brand Finance accepts no responsibility and will not be liable in the event that the publicly available information relied upon is subsequently found to be inaccurate. The opinions and financial analysis expressed in the study are not to be construed as providing investment or business advice. Brand Finance does not intend the study to be relied upon for any reason and excludes all liability to any body, government, or organisation.
The data presented in this study form part of Brand Finance's proprietary database, are provided for the benefit of the media, and are not to be used in part or in full for any commercial or technical purpose without written permission from Brand Finance.
