Largest companies in Luxembourg by operating income
Operating income is profit from the core business before interest and tax. It strips out financing decisions, so it compares operations rather than balance sheets. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.
Arcelormittal (MT) tops the list with $3.6B in operating income for fiscal 2025, ahead of Spotify Technology ($2.5B) and Tenaris ($2.3B). The top 10 together report $12.3B in operating income; the gap between #1 and #10 is ×21.13. 13 companies in Luxembourg report operating income, 0.6% of the 2135-filer universe. The last place on the list, Altisource Portfolio Solutions, comes in at $417,000.
| # | Company | Operating income | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | ArcelormittalMTLUMaterials | $3.6B | +9.6% | |
| 2 | Spotify TechnologySPOTLUCommunication services | $2.5B | +68.1% | |
| 3 | TenarisTSLUMaterials | $2.3B | −5.6% | |
| 4 | Millicom International CellularTIGOLUCommunication services | $1.6B | +22.1% | |
| 5 | TerniumTXLUMaterials | $705M | −44.2% | |
| 6 | Nexa ResourcesNEXALUMaterials | $498M | +80.2% | |
| 7 | Corporacion America AirportsCAAPLUIndustrials | $488M | +9.2% | |
| 8 | Ardagh Metal PackagingAMBPLUIndustrials | $244M | +20.8% | |
| 9 | CriteoCRTOLUCommunication services | $203M | +33.9% | |
| 10 | GlobantGLOBLUTechnology | $172M | −23.8% | |
| 11 | AlvotechALVOLUHealthcare | $78.2M | +12.3% | |
| 12 | SESSGBAFLUCommunication services | $72.3M | +4.4% | |
| 13 | Altisource Portfolio SolutionsASPSLUIndustrials | $417,000 | −87.1% |
All figures from SEC filings · FY2025 · 13
see sources
- Arcelormittal 0001243429-26-000020
- Spotify Technology 0001628280-26-006874
- Tenaris 0001554855-26-000490
- Millicom International Cellular 0001628280-26-020831
- Ternium 0001342874-26-000020
- Nexa Resources 0001292814-26-001787
- Corporacion America Airports 0001104659-26-029442
- Ardagh Metal Packaging 0001104659-26-024068
- Criteo 0001576427-26-000014
- Globant 0001628280-26-012910
- Alvotech 0001898416-26-000004
- SES 0001193125-26-138166
- Altisource Portfolio Solutions 0001462418-26-000019
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<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/largest-companies-in-luxembourg-by-operating-income">Largest companies in Luxembourg by operating income</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>Cite this page
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{{cite web |title=Largest companies in Luxembourg by operating income |url=https://companiesranked.com/en/largest-companies-in-luxembourg-by-operating-income |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Largest companies in Luxembourg by operating income. CompaniesRanked. https://companiesranked.com/en/largest-companies-in-luxembourg-by-operating-incomeBibTeX
@misc{companiesranked-en-largest-companies-in-luxembourg-by-operating-income-2026,
author = {{CompaniesRanked}},
title = {{Largest companies in Luxembourg by operating income}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/largest-companies-in-luxembourg-by-operating-income}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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