The 20 biggest employers in Arizona Article originally posted on AZ Big Media on November 11, 2025 Knowing the 20 largest employers in Arizona offers valuable insight into the state’s economic drivers, workforce trends and key industries shaping growth. Whether you’re a job seeker, policymaker, or business leader, understanding where the jobs are — and where opportunity is growing — can help you make smarter, more strategic decisions. Here are the 20 biggest employers in Arizona in 2025, based on data collected by Az Business magazine’s editorial team. 1. Banner Health Industry: Healthcare Arizona employees: 46,731 2. Walmart Industry: Department stores Arizona employees: 37,979 3. Amazon Industry: Online retailer Arizona employees: 36,000 4. Kroger Co. Industry: Grocery stores Arizona employees: 19,920 5. HonorHealth Industry: Healthcare Arizona employees: 17,053 6. Dignity Health Industry: Healthcare Arizona employees: 14,667 7. Albertsons Cos. Industry: Grocery stores Arizona employees: 14,275 8. Wells Fargo Industry: Financial services Arizona employees: 13,000 9. Raytheon Industry: Missiles and defense systems Arizona employees: 12,500 10. CVS Health Industry: Retail pharmacies Arizona employees: 12,000 11. Mayo Clinic Industry: Healthcare and healthcare education Arizona employees: 11,315 12. The Home Depot Industry: Home improvement stores Arizona employees: 11,000 13. Freeport-McMoRan Industry: Copper and gold mining Arizona employees: 10,800 14. Grand Canyon University Industry: Higher education Arizona employees: 10,631 15. McDonald’s Industry: Fast-food restaurants Arizona employees: 10,600 16. Tenet Healthcare Industry: Healthcare Arizona employees: 10,350 17. Target Industry: Department stores Arizona employees: 10,000 18. Intel Industry: Technology services Arizona employees: 9,400 19. Bank of America Industry: Financial services Arizona employees: 9,330 20. Phoenix Children’s Hospital Industry: Pediatric healthcare Arizona employees: 8,623