Here are the 50 biggest non-government employers in Arizona heading into 2025. Included is the company name, its industry and the number of 2024 Arizona-based employees. 

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Biggest employers in Arizona

Banner Health, Healthcare, 45,185

Walmart Stores, Retail department stores, 37,648

Amazon.com, Online retailing, 36,000

Kroger Co., Supermarkets (Fry’s), 19,851

McDonald’s, Fast-food restaurants, 15,000

HonorHealth, Healthcare, 14,801

Albertsons Companies, Supermarkets (Safeway), 14,500

Dignity Health, Healthcare, 14,000

Wells Fargo, Financial services, 13,000

Intel, Microprocessors, 12,000

CVS Health, Pharmacies, 12,000

Mayo Clinic, Healthcare, 11,072

Raytheon, Missiles, defense technology, 11,000

The Home Depot, Home-improvement stores, 11,000

Target, Department stores, 10,900

Freeport-McMoRan, Copper and gold mining, 10,100

Bank of America, Financial services, 9,080

JP Morgan Chase & Co., Financial services, 8,300

Bashas’ Family of Stores, Supermarkets, 8,118

State Farm, Insurance and financial services, 8,100

UnitedHealth Group, Health insurance, 7,868

American Express, Financial services, 7,560

American Airlines, Airline, 7,500

Phoenix Children’s, Pediatric healthcare, 7,310

Honeywell International, Aerospace and industrial products, 7,111

FedEx, Package delivery, 6,707

Walgreens, Pharmacies, 6,600

Marriott International, Hotels and resorts, 6,600

United Parcel Service, Package delivery, 6,598

Tenet Healthcare, Healthcare, 6,592

Pinnacle West Capital Corp., Parent of APS, 6,133

Costco, Membership warehouse stores, 5,950

Grand Canyon Education, Higher education, 5,800

Circle K, Convenience stores, 5,700

Southwest Airlines, Airline, 5,486

Salt River Project, Energy and water delivery, 5,376

TMC Healthcare, Healthcare, 5,352

Boeing, Commercial and military aircraft, 5,208

Goodwill of Central and Northern Arizona, Thrift shops to support employment services, 4,806

Cigna, Health insurance, 4,700

Starbucks, Coffee shops, 4,600

Sprouts Farmers Market, Health-focused markets, 4,472

Troon Golf, Golf course development and management, 4,369

Northrop Grumman, Space, defense and aviation products, 4,202

W.L. Gore & Associates, Medical devices and electronics, 4,200

USAA, Financial services for military families, 4,000

Sonora Quest Laboratories, Medical laboratories, 3,900

QuikTrip, Convenience stores, 3,769

Northern Arizona Healthcare, Healthcare, 3,711

Discover Financial Services, Financial services, 3,680