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Here's a ranking you can find on Wikipedia:

 http://en.wikipedia.org/wiki/Game_publisher#Selected_video_game_publishers

Below are the top 20 video game publishers, ranked by Game Developer Magazine in October 2006, in order of overall score in six factors: annual turnover, number of releases, average review score, quality of producers, reliability of milestone payments and the quality of staff pay and perks. Note that this is not a ranking by revenue, but of the quality of experience of working with the publishers according to staff, and some video game development companies. 2005 positions have been maintained. Buena Vista Games and NCSoft are new to the list, bumping Codemasters off the list.

2006 PositionName of Publisher2005 Position
1stElectronic Arts1st
2ndNintendo3rd
3rdActivision2nd
4thSony Computer Entertainment5th
5thTake-Two Interactive10th
6thMicrosoft Game Studios4th
7thTHQ8th
8thUbisoft6th
9thKonami8th
10thSega9th
11thNamco BandaiN/A (merger - Namco previously 11th)
12thVivendi Games12th (previously Vivendi Universal Games)
13thSquare Enix16th
14thCapcom15th
15thNCSoftN/A (new entry)
16thSCi/Eidos InteractiveN/A (merger - SCi previously 14th)
17thLucasarts20th
18thBuena Vista GamesN/A (new entry)
19thAtari13th
20thMidway Games19th