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Our list of the largest companies in Berlin provides you with comprehensive insights into the highest-revenue players in Berlin’s economy. In addition to current revenue and employee figures, you will find valuable information on industry focus, managing directors, and contact details. The data is conveniently available as an Excel file for direct download.
Summary
Short answer: With revenue of €45.2 billion in 2023, Deutsche Bahn AG is the largest company headquartered in Berlin, based on the Researchgermany list of the largest Berlin companies. This puts the state-owned group well ahead of Zalando, Delivery Hero, HelloFresh, and 50Hertz.
Comparison of the Largest Companies in Berlin (Revenue 2023)
The table shows key companies headquartered in Berlin by published 2023 revenues (as of 02.09.2025), based on the Researchgermany Berlin company ranking:
| Ranking | Company | Industry / Business Area | Revenue 2023 (m €) | Employees 2023 | Headquarters (City) | Website |
|---|---|---|---|---|---|---|
| 1 | Deutsche Bahn AG | Transport – Passenger Transport, Logistics | 45,191 | 306,577 | Berlin | deutschebahn.com |
| 2 | Zalando SE | Retail – Fashion & E-Commerce | 10,143 | 15,793 | Berlin | zalando.de |
| 3 | 50Hertz Transmission GmbH | Energy – Transmission System Operator | 10,074 | 1,746 | Berlin | 50hertz.com |
| 4 | Delivery Hero SE | IT – Food Delivery Platform | 9,942 | 47,981 | Berlin | deliveryhero.com |
| 5 | HelloFresh SE | IT/Retail – Meal Kit Delivery | 7,597 | 19,012 | Berlin | hellofreshgroup.com |
Why Deutsche Bahn Leads in 2025
- Revenue strength: With over €45 billion in revenue in 2023, Deutsche Bahn remains by far the largest Berlin-based company. Although the figure was slightly lower than in 2022 (€52 billion), it exceeds the revenues of Berlin’s digital and energy companies many times over.
- System relevance & market position: According to the Integrated Report 2023 (cf. pp. 6–8), Deutsche Bahn is the backbone of German mobility – with over one billion passengers annually in passenger transport and global logistics activities via DB Schenker.
- Number of employees: With more than 306,000 employees, Deutsche Bahn is not only the largest revenue generator but also the largest employer in the capital.
- Investments & future projects: The report highlights major investments in infrastructure and digitalization, including the expansion of high-performance networks, the transformation to climate-neutral operations by 2040, and digital mobility platforms.
Competitor Assessment
Zalando and Delivery Hero are among Berlin’s most important digital companies but generate revenues of around €10 billion. HelloFresh achieved just under €7.6 billion in 2023, growing dynamically but still far behind Deutsche Bahn. 50Hertz reached a peak of €10.1 billion but is specialized in the energy sector and much smaller in terms of employees. Deutsche Bahn thus remains the undisputed No. 1 in Berlin.
Methodology & Data Basis
Ranking by consolidated revenue 2023, supplemented by employee figures and industry classification. Cut-off date: 02.09.2025 – at this time, the 2023 annual financial statements are the most recent available in the company register.
Source
- Deutsche Bahn Integrated Report 2023 (figures on revenue, business areas, investments, strategy).
Image source: Getty Images, 08.09.2026
Last Updated on 5 months ago
