| 1 | Ministry Of Railways | India | New Delhi | 256-a, Raisina Road | Delhi | 110001 | indianrailways.***** | 1965 | $59,835,199,752 | 1,253,592 | N/A | N/A | 07AAAGM0289C1ZL |
| 2 | Indian Railways | India | Allahabad | C - Block, Jamuna Building, General Manager Office | Uttar Pradesh | 211011 | N/A | 1836 | $29,033,082,850 | 1,806 | N/A | N/A | AAAGM0289C |
| 3 | Bic Logistics Ventures LIMITED | India | New Delhi | A 261 | Delhi | 110024 | N/A | 2009 | $28,733,303,623 | 11 | N/A | N/A | AADCB7161M |
| 4 | Sncf Voyageurs | France | Saint-denis | 1 Rue Camille Moke | Seine-saint-denis | 93210 | N/A | 2009 | $21,107,859,680 | 75,174 | N/A | N/A | 51903758414786 |
| 5 | Metropolitan Transportation Authority | USA | New York City | 2 W Broadway | New York | 10004 | mta.***** | 1965 | $8,508,000,000 | 67,457 | N/A | N/A | N/A |
| 6 | National Authority For Railways | Egypt | Cairo | 6 Ramses Square,,authority Building,down Town | Cairo | N/A | N/A | 2005 | $7,842,856,000 | 86,000 | N/A | N/A | N/A |
| 7 | Mtr CORPORATION LIMITED | Hongkong | Kowloon Bay | Telford Plz Mtr Headquarters Bldg | Kwun Tong District | N/A | mtr.***** | 2000 | $7,712,673,731 | 177 | N/A | N/A | 30958055 |
| 8 | New York City Transit Authority | USA | New York City | 2 Broadway Fl 18 | New York | 10004 | mta.***** | 1968 | $4,356,932,000 | 47,956 | N/A | N/A | 116002815 |
| 9 | Mobico Group PLC | Unitedkingdom | Digbeth | National Express House | Birmingham, West Midlands | B5 6DD | nationalexpress.***** | 1992 | $4,325,838,057 | 49,785 | N/A | N/A | 02590560 |
| 10 | Sydney Metro | Australia | Sydney | L 43 680 George St | New South Wales | 2000 | N/A | 2018 | $4,252,638,032 | 1,319 | N/A | N/A | 12354063515 |
| 11 | New York City Transit Authorit | USA | Brooklyn | 1590 Bedford Ave | Kings | 11225 | N/A | 2017 | $3,747,000,000 | 1 | N/A | N/A | N/A |
| 12 | Guangshen Railway Company LIMITED | Hongkong | Kowloon Tong | 3 Cambridge Rd | Kowloon City District | N/A | N/A | 1996 | $3,738,890,871 | 1,474 | N/A | N/A | 19866015 |
| 13 | Guilin Communications Investment Holdings Group Co.,ltd. | China | Guilin | No.75, Cuizhu Rd., Xiufeng District | Guangxi | 541001 | N/A | 2002 | $3,475,155,438 | 76 | N/A | N/A | 450300000035143 |
| 14 | Fpk, AO | Russia | Moskva | 34 Ul. Mashi Poryvaevoi | Moskva | 107078 | N/A | 2009 | $3,302,972,378 | 50,835 | N/A | N/A | 94154560 |
| 15 | Guangzhou Metro Group Co.,ltd. | China | Guangzhou | Building A, Wansheng Plaza, No. 1238 Xingang East Road, Haizhu D | Guangdong | 510000 | N/A | 1992 | $3,182,986,423 | 1 | N/A | N/A | 440101000094480 |
| 16 | Rete Ferroviaria Italiana SPA | Italy | Roma | Piazza della Croce Rossa 1 | Roma | 00161 | rfi.***** | 1992 | $3,042,845,170 | 32,739 | N/A | N/A | IT01008081000 |
| 17 | Nishi-Nippon Railroad CO., LTD. | Japan | Fukuoka | 1-11-1, Tenjin, Chuo-ku | Fukuoka | 810-0001 | N/A | 1908 | $2,974,077,470 | 18,956 | N/A | N/A | 4290001009413 |
| 18 | Tokyo Metro CO., LTD | Japan | Taito-ku | 3-19-6, Higashiueno | Tōkyō | 110-0015 | N/A | 1920 | $2,734,921,392 | 11,328 | N/A | N/A | 4010501022810 |
| 19 | East Coast Railway | India | Bhubaneswar | North Block, 1st Floor | Odisha | 751017 | N/A | 2003 | $2,625,205,000 | 55,000 | N/A | N/A | N/A |
| 20 | Ningbo Rail Transit Group Co.,ltd. | China | Ningbo | No. 3399, Ningchuan Road, Yinzhou District, | Zhejiang | 315000 | N/A | 2006 | $2,378,549,370 | 161 | N/A | N/A | 330200000020141 |
| 21 | Norfolk Southern Railway Company | USA | Atlanta | 650 W Peachtree St Nw | Fulton | 30308 | nscorp.***** | 1894 | $2,299,194,712 | 19,100 | N/A | N/A | 00028001 |
| 22 | Societe Nationale Sncf | France | Saint-denis | 2 Place Aux Etoiles | Seine-saint-denis | 93210 | relay.***** | 1955 | $2,276,814,724 | 7,810 | N/A | N/A | 55204944776279 |
| 23 | Zhangzhou City Transportation Development Group Co.,ltd. | China | Zhangzhou | Suite B, Chuanwu Jianzhu, No.7, Jiangbin E. Road, Longwen Distri | Fujian | 363005 | N/A | 2011 | $2,258,506,047 | 110 | N/A | N/A | 350600100035714 |
| 24 | Stagecoach Group LIMITED | Unitedkingdom | Rochallie | 10 Dunkeld Road | Perth and Kinross | PH1 5TW | stagecoach.***** | 1980 | $1,983,337,579 | 24,669 | N/A | N/A | SC100764 |
| 25 | Berliner Verkehrsbetriebe (bvg) | Germany | Berlin | Holzmarktstr. 15-17 | Berlin, Stadt | 10179 | bvg.***** | 2009 | $1,765,141,990 | 15,551 | N/A | N/A | 10623A31152B |
| 26 | Queensland Rail LIMITED | Australia | Brisbane | L 14 Rail Ctr 1 305 Edward St | Queensland | 4000 | queenslandrailtravel.***** | 2008 | $1,760,872,093 | 5,959 | N/A | N/A | 132181090 |
| 27 | Vygruppen AS | Norway | Oslo | Schweigaards Gate 23 | Oslo | 0191 | vy.***** | 2002 | $1,751,350,653 | 2,414 | N/A | N/A | 984661177 |
| 28 | Moskovski Metropoliten, Gup | Russia | Moskva | D. 41 Str. 2, Prospekt Mira | Moskva | 129110 | N/A | 1935 | $1,662,246,546 | 53,874 | N/A | N/A | 03324364 |
| 29 | Chengdu Rail Transit Group Co.,ltd. | China | Chengdu | Suite A, Ditie Building, No.396, Tianfu Avenue Middle Section | Sichuan | 610000 | N/A | 2004 | $1,620,069,769 | 168 | N/A | N/A | 510100000029823 |
| 30 | Shanghai Shentong Metro Group Co.,ltd. | China | Shanghai | Floor 3, Commercial Building, No.12, Hengshan Road | Shanghai | 200000 | N/A | 2000 | $1,578,927,288 | 216 | N/A | N/A | 310000000075363 |
| 31 | Beijing Subway LIMITED | China | Beijing | No.2, Xizhi Menwai Ave., Xicheng Dist. | Beijing | 100000 | N/A | 2002 | $1,463,671,115 | 30,665 | N/A | N/A | 110000005211263 |
| 32 | Zhang County Jiaofa Transportation CO., LTD. | China | Dingxiang | No.62, Wuyang Road, Wuyang Town, Zhang County | Gansu | 743000 | N/A | 2005 | $1,435,414,363 | 30,073 | N/A | N/A | 621125100000276 |
| 33 | Vr-Yhtymä OYJ | Finland | Helsinki | Radiokatu 3 | Uusimaa | 00240 | vr.***** | 1995 | $1,369,180,988 | 3,018 | N/A | N/A | 10035215 |
| 34 | Kelsian Group LIMITED | Australia | Adelaide | L 3 26 Flinders St | South Australia | 5000 | australianholidaycentre.***** | 2004 | $1,334,874,764 | 12,246 | N/A | N/A | 109078257 |
| 35 | Prince Bus And Transport Company LIMITED | India | Kapurthala | 17r Gobind | Punjab | 144601 | N/A | 1944 | $1,278,546,655 | 66 | N/A | N/A | AABCT6869J |
| 36 | Osaka Metro CO., LTD. | Japan | Osaka | 1-12-62, Kujominami, Nishi-ku | Ōsaka | 550-0025 | osakametro.***** | 2017 | $1,205,403,500 | 5,002 | N/A | N/A | 6120001206256 |
| 37 | Sj AB | Sweden | Stockholm | Vasagatan 10 | Stockholms Län | 11120 | sj.***** | 1978 | $1,204,780,021 | 3,000 | N/A | N/A | 5561961599 |
| 38 | Grt Bus Group LIMITED | Unitedkingdom | Bridge of Don | 395 King Street | Aberdeen City | AB24 5RP | firstgroup.***** | 1988 | $1,194,972,985 | 20,000 | N/A | N/A | SC114203 |
| 39 | East Central Railway | India | Vaishali | Mahaparvandhak Karyalay, Hazipur | Bihar | 844101 | N/A | 2006 | $1,193,275,000 | 25,000 | N/A | N/A | N/A |
| 40 | Regional Transportation Authority | USA | Chicago | 175 W Jackson Blvd Ste 1550 | Cook | 60604 | rtachicago.***** | 1973 | $1,181,173,000 | 80 | N/A | N/A | N/A |
| 41 | Sbs Transit LTD | Singapore | Singapore | 205 Braddell Road | Singapore | 579701 | sbstransit.***** | 1992 | $1,164,135,747 | 9,609 | N/A | N/A | 199206653M |
| 42 | Metro De Madrid SA | Spain | Madrid | Avenida Asturias 4 | Madrid | 28029 | metromadrid.***** | 1917 | $1,109,454,908 | 7,134 | N/A | N/A | A28001352 |
| 43 | Dopravní Podnik HL. M. Prahy, Akciova Spolecnost | Czechrepublic | Praha | Sokolovska 42/217 | Středočeský | 19000 | dpp.***** | 1991 | $1,104,691,895 | 10,965 | N/A | N/A | 00005886 |
| 44 | Tokyu Railways | Japan | Shibuya-ku | 8-16, Shinsencho | Tōkyō | 150-0045 | N/A | 1922 | $1,096,853,478 | 3,665 | N/A | N/A | 2011001127829 |
| 45 | Kintetsu Railway CO., LTD. | Japan | Osaka | 6-1-55, Uehonmachi, Tennoji-ku | Ōsaka | 543-0001 | N/A | 1910 | $1,088,323,446 | 6,655 | N/A | N/A | 5120001183629 |
| 46 | Beijing Bafangda Passenger Transportation CO., LTD. | China | Beijing | No.33, Fushun Street, Yudai Town, Daxing Dist. | Beijing | 100076 | N/A | 2001 | $1,081,584,460 | 22,660 | N/A | N/A | 110000002797554 |
| 47 | Transport International Holdings LIMITED | Hongkong | Lai Chi Kok | 15/f | Sham Shui Po District | N/A | N/A | 1997 | $1,055,845,383 | 100 | N/A | N/A | 21300702 |
| 48 | Mmc Gamuda Kvmrt (pdp Ssp) SDN. BHD. | Malaysia | Petaling Jaya | Block A Level 14 Menara Mustapha Kamal | Selangor Darul Ehsan | 47820 | N/A | 2014 | $1,031,417,489 | 2,000 | N/A | N/A | 201401040947 |
| 49 | Queensland Rail | Australia | Brisbane | L 14 Rail Ctr 1 305 Edward St | Queensland | 4000 | queenslandrailtravel.***** | 1865 | $996,197,147 | 3,619 | N/A | N/A | 68598268528 |
| 50 | S-Bahn Berlin GMBH | Germany | Berlin | Elisabeth-schwarzhaupt-platz 1 | Berlin, Stadt | 10115 | sbahn.***** | 2012 | $907,644,035 | 3,045 | N/A | N/A | 10623B51257B |