Phoenix, AZ, December 4, 2025
As the economy of Phoenix, AZ grows, it is essential to recognize the major employers that support employment and economic stability. The list of the top 20 employers reveals a strong presence from healthcare providers, retail giants, and technology firms, highlighting their significant contributions to the state’s economic landscape. These employers, notably in the healthcare sector, reflect Arizona’s commitment to providing ample job opportunities and community support.
The 20 Biggest Employers in Arizona
As the economy of Phoenix, AZ continues to grow in 2025, it becomes vital to recognize the major players that contribute to employment and economic stability. As of November 2025, Arizona’s employment landscape is dominated by major healthcare providers, retail giants, and technology firms. Below is a list of the state’s top 20 employers based on the number of Arizona-based employees.
- Banner Health
Industry: Healthcare
Arizona Employees: 46,731 - Walmart
Industry: Department Stores
Arizona Employees: 37,979 - Amazon
Industry: Online Retailing
Arizona Employees: 36,000 - Kroger Co.
Industry: Grocery Stores
Arizona Employees: 19,920 - HonorHealth
Industry: Healthcare
Arizona Employees: 17,053 - Dignity Health
Industry: Healthcare
Arizona Employees: 14,667 - Albertsons Cos.
Industry: Grocery Stores
Arizona Employees: 14,275 - Wells Fargo
Industry: Financial Services
Arizona Employees: 13,000 - Raytheon
Industry: Missiles and Defense Systems
Arizona Employees: 12,500 - CVS Health
Industry: Retail Pharmacies
Arizona Employees: 12,000 - Mayo Clinic
Industry: Healthcare and Healthcare Education
Arizona Employees: 11,315 - The Home Depot
Industry: Home Improvement Stores
Arizona Employees: 11,000 - Freeport-McMoRan
Industry: Copper and Gold Mining
Arizona Employees: 10,800 - Grand Canyon University
Industry: Higher Education
Arizona Employees: 10,631 - McDonald’s
Industry: Fast-Food Restaurants
Arizona Employees: 10,600 - Tenet Healthcare
Industry: Healthcare
Arizona Employees: 10,350 - Target
Industry: Department Stores
Arizona Employees: 10,000 - Intel
Industry: Technology Services
Arizona Employees: 9,400 - Bank of America
Industry: Financial Services
Arizona Employees: 9,330 - Phoenix Children’s Hospital
Industry: Pediatric Healthcare
Arizona Employees: 8,623
These companies play a pivotal role in Arizona’s economy, providing a diverse array of employment opportunities across various sectors. The healthcare industry, in particular, stands out with multiple organizations in the top 20, reflecting the state’s robust medical services sector. Retail and technology companies also contribute significantly to the state’s employment landscape, underscoring Arizona’s dynamic and multifaceted economy.
Healthcare Industry Dominance
The healthcare sector represents a significant portion of Arizona’s employment, with five major healthcare providers listed among the top employers. This concentration showcases the state’s commitment to providing extensive medical services and support. Companies such as Banner Health, HonorHealth, and Dignity Health are not only key players in the medical field but also exemplify how private healthcare systems contribute to job creation and community wellness.
Retail Growth and Opportunities
Retail giants such as Walmart, Amazon, and Kroger Co. lead the way in the retail sector, together employing over 95,000 Arizonians. This robust retail sphere indicates the flexibility of the market in meeting consumer needs, as these companies continue to evolve in their operations, thereby creating a myriad of job opportunities within the community.
Strength in Technology and Defense
Technology and defense firms like Raytheon and Intel are also part of Arizona’s economic fabric. Their presence not only brings high-tech job opportunities but also fosters innovation in these vital sectors, positioning Arizona as a hub for technological advancement and national security systems.
Community and Economic Impact
The collective impact of these employers resonates beyond mere numbers. Each company contributes to local economies, supports infrastructure developments, and encourages entrepreneurship. Limited regulations have allowed businesses to flourish, driving investment and growth within the region. This ecosystem celebrates local innovation and resilience, inspiring future entrepreneurs and small business owners to pave their paths.
Encouraging Local Business Growth
As we acknowledge the role of these major employers, it is essential to support local businesses that contribute to the vibrant mosaic of Arizona’s economy. By choosing to shop local and engage with small businesses, residents can help to sustain the entrepreneurial spirit that has characterized Phoenix and the greater Arizona area.
Conclusion
Arizona’s top employers highlight a diverse and dynamic economic landscape. The prominence of healthcare, retail, and technology sectors reflects the state’s adaptability and growth potential. By supporting local businesses and understanding the significance of these major employers, Arizonians can foster a strong economic future for their communities.
Frequently Asked Questions (FAQ)
What are the top 5 employers in Arizona?
The top 5 employers in Arizona are:
- Banner Health
Industry: Healthcare
Arizona Employees: 46,731 - Walmart
Industry: Department Stores
Arizona Employees: 37,979 - Amazon
Industry: Online Retailing
Arizona Employees: 36,000 - Kroger Co.
Industry: Grocery Stores
Arizona Employees: 19,920 - HonorHealth
Industry: Healthcare
Arizona Employees: 17,053
Which industry employs the most people in Arizona?
The healthcare industry employs the most people in Arizona, with multiple organizations in the top 20 employers list, including Banner Health, HonorHealth, Dignity Health, Mayo Clinic, and Tenet Healthcare.
How many employees does Amazon have in Arizona?
Amazon employs 36,000 people in Arizona, making it the third-largest employer in the state.
What is the largest employer in Arizona?
The largest employer in Arizona is Banner Health, with 46,731 employees in the state.
Which company has the most employees in Arizona?
Banner Health has the most employees in Arizona, with a workforce of 46,731 in the state.
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| Feature | Details |
|---|---|
| Top Employer | Banner Health (46,731 employees) |
| Industry Dominance | Healthcare sector leads with multiple organizations in the top 20 |
| Retail and Technology Presence | Companies like Walmart, Amazon, and Intel contribute significantly to employment |
| Data Source | AZ Big Media’s 2025 report on Arizona’s largest employers |
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Author: STAFF HERE PHOENIX WRITER
The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
