This article is actually a few months old, but I never saw a thread about it and can't find one through the search. Since it is now actually near the end of the year (this list is really intended to be FY 08, so it comprises 4/07-3/08), I thought it would be appropriate.
The list is calculated using the most important metrics: Revenue, Net or Gross Income, 3 year performance studies, and expected fiscal growth.
http://www.edge-online.com/features/edges-top-20-publishers-2008?page=0%2C0
There's a lot of really good data in here, and worth reading. For those who are too anxious, the top 20 is as follows:
1. Nintendo
2. Activision (Now Activision Blizzard)
3. Electronic Arts
4. Microsoft Game Studios
5. Konami
6. Ubisoft
7. Vivendi Universal (Now Activision Blizzard)
8. Sony Computer Entertainment
9. Namco Bandai
10. Sega Sammy
11. Take Two Interactive
12. THQ
13. Capcom
14. Square Enix
15. Disney Interactive
16. InfoGrames
17. SCi/Eidos
18. CodeMasters
19. D3
20. Midway
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