It’s fitting that the next issue of Az Business magazine features sections on Who’s Who is Healthcare and Excellence in Banking because the list of the 25 biggest employers in Arizona is dominated by companies that come from the healthcare and financial services sectors. Here are the 25 biggest non-government employers in Arizona for 2023, based on the number of employees based in Arizona.

1. Banner Health

Industry: Healthcare

Employees: 43,440

2. Walmart

Industry: Department stores

Employees: 36,931

3. Amazon

Industry: Online retailer

Employees: 33,000

4. Kroger

Industry: Fry’s and other supermarkets

Employees: 20,200

5. McDonald’s

Industry: Fast-food restaurants

Employees: 15,000

6. Raytheon

Industry: Missiles, weapon technology

Employees: 14,800

7. Albertsons

Industry: Supermarkets

Employees: 14,500

8. HonorHealth

Industry: Healthcare 

Employees: 14,335

9. Wells Fargo

Industry: Financial services

Employees: 14,315

10. Dignity Health

Industry: Healthcare 

Employees: 13,844

11. Intel

Industry: Microprocessors, technology services

Employees: 13,000

12. The Home Depot

Industry: Home-improvement stores

Employees: 11,500

13. Target

Industry: Department stores

Employees: 10,900

14. Grand Canyon University

Industry: Higher education

Employees: 10,678

15. Mayo Clinic

Industry: Healthcare 

Employees: 10,466

16. Freeport-McMoRan

Industry: Copper and gold mining, processing

Employees: 9,600

17. Bank of America

Industry: Financial services

Employees: 9,050

18. JP Morgan Chase

Industry: Financial services

Employees: 8,500

19. Bashas’ Family of Stores

Industry: Supermarkets

Employees: 8,131

20. UnitedHealth Group

Industry: Health insurance

Employees: 8,071

21. American Express

Industry: Financial services 

Employees: 7,700

22. Tenet Healthcare

Industry: Healthcare

Employees: 7,540

23. Fedex

Industry: Package delivery, logistics

Employees: 7,500

24. CVS Health

Industry: Retail pharmacies, benefits management

Employees: 7,300

25. United Parcel Service 

Industry: Package delivery, logistics

Employees: 7,227