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 , based on data collected by Az Business magazine ’s editorial team.

LOCAL NEWS: Arizona cannabis industry turns 5: What’s next?

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: 19,92

See Full Page