Top 10 US Companies Driving Billion-Dollar Growth in Mexico
US firms dominate key Mexican sectors through strategic manufacturing, retail, and service operations.
1Strategic Economic Integration
Mexico serves as a critical market for US corporations due to geographic proximity and deep trade ties. The 2026 Expansión ranking identifies 78 US-origin companies operating within the country. These firms span diverse sectors, ranging from retail giants to complex industrial manufacturers, collectively generating thousands of jobs and significant annual revenue.
2Retail Dominance and Scale
Walmart de México and Centroamérica leads the list with over one trillion pesos in revenue and 240,799 employees. The company evolved from the 1991 alliance between Grupo Cifra and Walmart. Similarly, Costco and H-E-B have established massive footprints, utilizing membership models and extensive logistics networks to capture significant domestic market share.
3Automotive Manufacturing Powerhouse
General Motors has operated in Mexico since 1935, evolving from a small facility to a major industrial hub. With plants in cities like Silao and San Luis Potosí, the company produces vehicles for both domestic consumption and export to over 40 countries, employing nearly 26,000 people across its various manufacturing complexes.
4Tech and Supply Chains
Companies like Jabil and Flex provide essential design and supply chain management services for global technology brands. Jabil operates large-scale facilities in Guadalajara, serving industries from medical to automotive. Flex, originating from Silicon Valley, manages seven installations in Mexico, supporting critical infrastructure for data centers and energy sectors across global markets.
5Consumer Goods Infrastructure
PepsiCo Alimentos México maintains a massive operational network with 15 production plants and 277 distribution centers. By leveraging local agricultural raw materials and focusing on digital transformation, the company supplies over one million clients. This infrastructure highlights how US firms integrate deeply into the local supply chain and domestic consumption patterns.
6Service Sector Expansion
MetLife and AT&T represent the service-oriented presence of US capital in Mexico. MetLife has secured its position as the leading life insurer, serving 13 million policyholders. Meanwhile, AT&T entered the mobile market in 2015, investing billions to deploy 4G networks, though recent reports indicate potential divestment plans pending regulatory approval.
7Diverse Market Entry Strategies
US firms have utilized varied entry strategies to penetrate the Mexican economy. Some, like Walmart and Costco, grew through local partnerships and eventual full acquisitions. Others, such as General Motors, built their presence through decades of direct industrial investment, while companies like AT&T entered by acquiring existing local telecommunications operators.
8Collective Economic Impact
The top 10 US companies in Mexico report combined revenues of approximately 2.6 trillion pesos. With over 472,000 employees, these firms are foundational to the Mexican labor market. Their presence demonstrates that US business activity extends far beyond simple retail, encompassing vital roles in manufacturing, financial services, and national infrastructure.
Original article: Expansión — Top 10 US Companies Driving Billion-Dollar Growth in Mexico