Not long ago, e-commerce was a niche idea championed by early internet entrepreneurs like Jeff Bezos. Today, it’s a massive industry generating nearly $1.2 trillion in annual U.S. sales, about 16% of all retail, and more than $5 trillion globally.
Growth has cooled since the pandemic surge, but online shopping is still expanding and taking share over time. If you’re looking for the top e-commerce stocks to watch, here’s where to start.
Top e-commerce stocks to consider
| Name and ticker | Current price | Market cap | Industry |
|---|---|---|---|
| Amazon (NASDAQ:AMZN) | $239.83 | $2.6 trillion | Multiline Retail |
| Shopify (NASDAQ:SHOP) | $114.88 | $144.5 billion | IT Services |
| Coupang (NYSE:CPNG) | $20.15 | $36.1 billion | Multiline Retail |
| MercadoLibre (NASDAQ:MELI) | $1,833.30 | $89.9 billion | Multiline Retail |
| Walmart (NASDAQ:WMT) | $124.58 | $1.0 trillion | Food and Staples Retailing |
1. Amazon

NASDAQ: AMZN
Key Data Points
- Amazon (AMZN +0.61%) launched in 1995 and today sells more than 350 million stock-keeping units (SKUs) through its marketplace.
- Amazon has not had a true direct competitor in the U.S. and has grown through its third-party marketplace and Amazon Prime. It now has more than 100 fulfillment centers in the U.S.
- The company topped Walmart as the biggest company in the world by revenue in 2025.
- The stock is up more than 100,000% from its 1997 initial public offering (IPO).
2. Shopify

NASDAQ: SHOP
Key Data Points
- Shopify (SHOP +3.69%) has emerged as Amazon's closest competitor, with more than 2 million merchants around the world, ranging from mom-and-pop businesses to global brand giants like Kraft Heinz (KHC -2.77%).
- Shopify provides an end-to-end platform for any business to sell online, handling web design, marketing, payment processing, financial tracking, and even loans.
- The company has reached a detente with Amazon, agreeing to integrate its Buy with Prime feature, allowing Amazon Prime members to get free delivery on items labeled "Buy with Prime."
- Shopify's revenue has grown from $389 million in 2016 to $11.6 billion in 2025, and it continues to deliver strong growth as it expands its merchant base, adds new AI features, and flexes its pricing power.
3. Coupang

NYSE: CPNG
Key Data Points

NASDAQ: MELI
Key Data Points
- Another international e-commerce company, MercadoLibre (MELI +3.35%), has delivered standout growth throughout its history.
- MercadoLibre operates across Latin America, but gets half of its revenue from Brazil.
- Its primary business is e-commerce, which includes third-party sales. Its MercadoPago fintech platform has also become a sizable business and includes mobile point-of-sale systems.
- Most of MercadoPago's payments now come from sources other than the MercadoLibre platform.
- The company finished 2025 with 121 million unique buyers and 78 million fintech monthly active users. Revenue reached $28.9 billion, and its margins are expanding.
5. Walmart

NASDAQ: WMT
Key Data Points
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FAQ
FAQ: E-commerce companies
About the Author
Jeremy Bowman has positions in Amazon, Home Depot, MercadoLibre, and Shopify. The Motley Fool has positions in and recommends Amazon, Chewy, Etsy, Home Depot, MercadoLibre, Shopify, and Walmart. The Motley Fool recommends Alibaba Group, Coupang, Kraft Heinz, and Wayfair. The Motley Fool has a disclosure policy.





