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) | $198.82 | $2.1 trillion | Multiline Retail |
| Shopify (NASDAQ:SHOP) | $112.70 | $147.0 billion | IT Services |
| Coupang (NYSE:CPNG) | $16.99 | $31.0 billion | Multiline Retail |
| MercadoLibre (NASDAQ:MELI) | $1,983.87 | $100.8 billion | Multiline Retail |
| Walmart (NASDAQ:WMT) | $133.94 | $1.1 trillion | Food and Staples Retailing |
1. Amazon

NASDAQ: AMZN
Key Data Points
- Amazon (AMZN -0.39%) 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 is set to top Walmart as the biggest company in the world by revenue this year.
- The stock is up more than 100,000% from its 1997 initial public offering (IPO).
2. Shopify

NASDAQ: SHOP
Key Data Points

NYSE: CPNG
Key Data Points
- Coupang (CPNG -0.82%) is headquartered in Seattle, but operates primarily in South Korea.
- South Korea is one of the most densely populated countries in the developed world, creating efficiencies in delivery distances and internet speeds.
- Coupang has followed a similar strategy to Amazon with a first-party e-commerce business and a third-party marketplace.
- It's also launched a Prime-like membership platform, Rocket WOW.
- It has started smaller businesses like food delivery, video streaming, mobile games, and digital games, and it acquired Farfetch, an online fashion luxury platform.
- Coupang reported 24% revenue growth in 2024 to $30.3 billion with $1.4 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
4. MercadoLibre

NASDAQ: MELI
Key Data Points
- Another international e-commerce company, MercadoLibre (MELI -1.15%), 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 2024 with 100 million unique buyers and more than 60 million fintech monthly active users. Revenue reached $20.8 billion, and its margins are expanding.
5. Walmart

NASDAQ: WMT
Key Data Points
- Walmart (NYSE:WMT) is best known for its brick-and-mortar business, but over the last decade, it's built a formidable e-commerce business.
- Walmart has opened thousands of grocery pickup stations, leveraging its physical footprint to drive online sales.
- Like Amazon, Walmart has also built an advertising business around its e-commerce platform, and it's added an e-commerce marketplace.
- The company has been gaining market share on Amazon in e-commerce, consistently delivering growth of around 20%.
How to invest in e-commerce stocks
If you're considering investing in e-commerce stocks, it's not hard to do. Just follow the steps below.
- Open your brokerage app: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.











