In this article, we will look at the 20 biggest e-commerce companies in the US by revenue. If you want to skip our detailed analysis, go directly to the 5 Biggest E-commerce Companies in the US by Revenue.
Key E-commerce Trends in 2024
E-commerce has grown to become an important component of our lives. According to a report, over a third of customers spent less than $200 on online purchases in 2024. Additionally, smartphones remained the first choice for nearly 70% of shoppers, with more than half emphasizing fast and reliable shopping. In addition to that, almost 85.6% of people made an online purchase in the past month. Most shoppers commenced their customer journey on a retailer website or mobile application, followed by a search engine as a second choice. Interestingly, almost 58% of shoppers prioritized fast and reliable shopping, 48% prioritized secure or multiple payment options, and 46.8% emphasized competitive pricing and the availability of discounts.
Overall, 45% of Gen-Z shoppers suggested that high prices led them to abandon their online shopping carts. This applied to 34% of millennials and 32% of Gen X and boomers. High shipping costs stood as the second most common reason for cart abandonment among Gen Z shoppers, compared to 17% of millennials and 18% of Gen X and boomers. The report adds that e-commerce sales are expected to make up 23% of retail sales globally by 2027, from 19.5% in 2023, on track to exceed $6.4 trillion in revenue by 2029.
The Intersection of Technology & E-Commerce
From automated deliveries to shopping assistants, the use of technology in the e-commerce space is ever-growing. At the forefront of technology, companies of all sizes are finding ways to disrupt artificial intelligence for a multitude of use cases across the e-commerce industry.
One such startup is Lily AI, an AI retail company that empowers retailers and brands to bridge the gap between merchant and customer speak. The company injects human-centered language and terms customers use to garner more engagement. Lily AI facilitates a 25% increase in sales, a $20 million incremental growth in sales within 12 weeks, and a 4% increase in average online order conversion. Some of its notable customers include Venus, Arhaus, Abercrombie & Fitch, Macy’s, and Fabletics, to name a few.
On October 8, the company unveiled the next generation of its product attribute platform. With the launch of the app, retailers and brands can now control their products and workflows completely. The no-code platform significantly improves the way customers discover and find products online and facilitates and improves the retrieval and richness of product data. Retailers can easily integrate Lily AI into Shopify, Google Merchant Center, and Bloomreach, among others.
Is Amazon Disrupting the E-commerce Space?
Amazon, functional in more than 20 countries, entered the e-commerce space in 1994 and now ships to more than 100 countries and regions.
Amazon.com’s (NASDAQ:AMZN) e-commerce platform is highly optimized allowing people to make purchases in less than 3 minutes and choose from more than 3 million available items such as electronics, clothing, home appliances, and furniture. So far this year, Amazon.com Inc (NASDAQ:AMZN) delivered products to consumers at the fastest speeds possible and increased product variety by bringing in more brands to its shelves.
In the third quarter of 2024, sales from online stores increased by 8% to reach $61.41 billion. Amazon.com (NASDAQ:AMZN) is working around the clock to ensure shoppers leave the Amazon online marketplace satisfied. Under some recent developments, the company introduced free restaurant deliveries for all prime members and an additional grocery subscription, allowing customers to save money on grocery items. In addition to that, Amazon.com Inc (NASDAQ:AMZN) introduced Rufus, a generative AI shopping assistant, and Project Amelia, an AI assistant for sellers to garner more sales.
As Amazon.com Inc (NASDAQ:AMZN) works to improve the customer shopping experience, the company’s overarching goal is to enhance customer satisfaction using technology, which seems to be working.
Now that we have studied the e-commerce industry. Let’s take a look at the 20 biggest e-commerce companies in the US by revenue. You can also take a look at the best e-commerce stocks to buy according to hedge funds.
A close-up of a customer using the company’s e-commerce platform whilst shopping online.
Our Methodology
To come up with the 20 biggest e-commerce companies in the US by revenue we went over multiple similar rankings, our rankings, and industry reports. We then examined the trailing 12-month revenue for publicly listed companies for the latest quarter and ranked them in ascending order. Trailing 12-month revenue figures were sourced from official company reports, Macrotrends, and YCharts. It is to be noted that we only picked companies founded, headquartered, and those that sell in the United States.
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20 Biggest Ecommerce Companies in the US by Revenue
20. Revolve Group, Inc. (NYSE:RVLV)
Trailing 12-month Revenue (September 30, 2024): $1.09 Billion
Revolve Group, Inc. (NYSE:RVLV) is an online fashion retailer for consumers in the United States and globally. The company operates through two primary segments namely REVOLVE and FWRD. Some of the products sold by Revolve Group, Inc. (NYSE:RVLV) include shoes, apparel, footwear, accessories, and beauty products.
19. Etsy, Inc. (NASDAQ:ETSY)
Trailing 12-month Revenue (September 30, 2024): $2.79 Billion
Etsy, Inc. (NASDAQ:ETSY) is an e-commerce company that sells handmade products, craft supplies, and vintage items. The company was founded in 2005 and currently boasts 9 million sellers and 96 million active buyers. With over 100 million items for sale, Etsy, Inc. (NASDAQ:ETSY) ranks 19th on our list.
18. Maplebear Inc. (NASDAQ:CART)
Trailing 12-month Revenue (June 30, 2024): $3.21 Billion
With a trailing 12-month revenue of $3.21 billion, as of June 30, Maplebear Inc. (NASDAQ:CART) ranks 18th on our list of the biggest e-commerce companies in the United States by revenue. The company provides digital grocery services through its platform, Instacart. Maplebear Inc. (NASDAQ:CART) was founded in 2012.
17. Abercrombie & Fitch Co. (NYSE:ANF)
Trailing 12-month Revenue (July 31, 2024): $4.66 Billion
Abercrombie & Fitch Co. (NYSE:ANF) is a lifestyle retailer based in the United States. The company sells clothing items through a range of brands including Abercrombie & Fitch, YPB, Abercrombie Kids, Hollister, and Gilly Hicks. Abercrombie & Fitch Co. (NYSE:ANF) logged $4.66 billion in trailing 12-month revenue, as of July 31.
16. DoorDash, Inc. (NASDAQ:DASH)
Trailing 12-month Revenue (September 30, 2024): $10.15 Billion
DoorDash, Inc. (NASDAQ:DASH) is an online food ordering and delivery company based in California, United States. Customers can use the e-commerce platform to shop for groceries, order food, purchase household products, buy flowers, and acquire pet essentials. DoorDash, Inc. (NASDAQ:DASH) has a trailing 12-month revenue of $10.15 billion, as of September 30, 2024.
15. eBay Inc. (NASDAQ:EBAY)
Trailing 12-month Revenue (September 30, 2024): $10.23 Billion
eBay Inc. (NASDAQ:EBAY) ranks 15th on our list of the biggest e-commerce companies in the United States by revenue. The company sells electronics, cars, fashion products, collectibles, and clothing items. eBay Inc. (NASDAQ:EBAY) has 133 million active buyers from across the globe and logged $18.3 billion in gross merchandise volume in the third quarter of 2024.
14. Chewy, Inc. (NYSE:CHWY)
Trailing 12-month Revenue (July 31, 2024): $11.31 Billion
Chewy, Inc. (NYSE:CHWY) is an online retailer of pet food and pet-related products headquartered in Florida, United States. The company was founded in 2011 and went public in 2019. Some of the products sold at Chewy, Inc. (NYSE:CHWY) include pet food, pet toys, pet treats, litter, pet supplements, and aquariums.
13. Wayfair Inc. (NYSE:W)
Trailing 12-month Revenue (September 30, 2024): $11.80 Billion
Wayfair Inc. (NYSE:W) is an online e-commerce company based in Boston that is engaged in the sale of furniture and home goods online. Customers can choose from 5,000 brands and millions of products. Wayfair Inc. (NYSE:W) has a trailing 12-month revenue of $11.8 billion, as of September 30.
12. Carvana Co. (NYSE:CVNA)
Trailing 12-month Revenue (September 30, 2024): $12.55 Billion
Carvana Co. (NYSE:CVNA) is an online used car dealers company based in Arizona, United States. Consumers can shop from a range of affordable vehicles online and get them delivered to their driveways. Carvana Co. (NYSE:CVNA) has a trailing 12-month revenue of $12.55 billion, as of September 30, 2024.
11. Nordstrom, Inc. (NYSE:JWN)
Trailing 12-month Revenue (July 31, 2024): $14.97 Billion
Nordstrom, Inc. (NYSE:JWN) is a department store chain with a trailing 12-month revenue of $14.97 billion, as of July 31. The company sells clothing items, dresses, makeup, and shoes on its online store. In the fiscal second quarter of 2024, Nordstrom’s (NYSE:JWN) digital sales made up 37% of total revenue.
10. Kohl’s Corporation (NYSE:KSS)
Trailing 12-month Revenue (July 31, 2024): $17.12 Billion
Kohl’s Corporation (NYSE:KSS) ranks 10th on our list of the biggest e-commerce companies in the United States by revenue. It is a department store retail chain that sells clothing, shoes, home items, kitchen products, toys, and electronics. Kohl’s Corporation (NYSE:KSS) serves millions of families through its online store and 1,100 in-person stores across the US.
9. Macy’s, Inc. (NYSE:M)
Trailing 12-month Revenue (July 31, 2024): $23.51 Billion
Macy’s, Inc. (NYSE:M) is a department store company headquartered in New York, United States. The company sells fashion items, cosmetics, shoes, home products, and shoes through its online stores. Macy’s, Inc. (NYSE:M) has a trailing 12-month revenue of $23.5 billion, as of July 31, 2024.
8. Best Buy Co., Inc. (NYSE:BBY)
Trailing 12-month Revenue (July 31, 2024): $42.54 Billion
Best Buy Co., Inc. (NYSE:BBY) is a consumer electronics retailer headquartered in Minnesota, United States. The company sells electronics, computers, appliances, and cell phones. Best Buy Co., Inc. (NYSE:BBY) has a strong omnichannel network, supporting its high speeds of delivery.
7. NIKE, Inc. (NYSE:NKE)
Trailing 12-month Revenue (August 31, 2024): $50.01 Billion
NIKE, Inc. (NYSE:NKE) ranks seventh on our list of the biggest e-commerce companies in the United States by revenue. The American athletic footwear and apparel company is based in Oregon, United States. Despite the recent downturn in sales, NIKE, Inc. (NYSE:NKE) is working to accelerate its digital transformation.
6. Target Corporation (NYSE:TGT)
Trailing 12-month Revenue (July 31, 2024): $107.3 Billion
Target Corporation (NYSE:TGT) is one of the biggest e-commerce companies in the world that sells apparel, jewelry, kitchenware, and beverages through its online store, Target.com. In the fiscal second quarter of 2024, Target Corporation (NYSE:TGT) grew its digital comparable sales by 8.7%, with same-day services growing at double digital growth rates.
5. The Kroger Co. (NYSE:KR)
Trailing 12-month Revenue (July 31, 2024): $150.20 Billion
The Kroger Co. (NYSE:KR) is an online retail company in the United States that ranks fifth on our list. It operates a variety of supermarkets and multi-department stores allowing people to shop for groceries and pharmaceutical products online and through in-person stores. The Kroger Co. (NYSE:KR) was founded in 1883 in Ohio, United States.
4. The Home Depot, Inc. (NYSE:HD)
Trailing 12-month Revenue (July 31, 2024): $152.09 Billion
Home Depot, Inc. (NYSE:HD) is one of the biggest e-commerce companies in the United States by revenue. The company is a home improvement retailer with a huge e-commerce presence. The company sells a wide range of products including appliances, bathroom decor, patio furniture, power tools, and BBQ grills, among others. The Home Depot, Inc. (NYSE:HD) was founded in Georgia in 1978.
3. Costco Wholesale Corporation (NASDAQ:COST)
Trailing 12-month Revenue (August 31, 2024): $254.44 Billion
Costco Wholesale Corporation (NASDAQ:COST) ranks third on our list with a trailing 12-month revenue of $254.44 billion, as of August 31. The company sells electronics, computers, furniture, appliances, jewelry, and much more through its online marketplace. In the fiscal fourth quarter of 2024, Costco Wholesale Corporation (NASDAQ:COST) grew its e-commerce comparable sales by 18.9%.
2. Amazon.com, Inc. (NASDAQ:AMZN)
Trailing 12-month Revenue (June 30, 2024): $604.33 Billion
Amazon.com, Inc. (NASDAQ:AMZN) is one of the biggest names in the e-commerce space. The Amazon online store is used by millions of customers from across the globe. Amazon.com, Inc. (NASDAQ:AMZN) was founded in 1994 and is headquartered in Washington, United States. The company sells a range of consumer products including clothing, apparel, home decor, and jewelry, to name a few.
1. Walmart Inc. (NYSE:WMT)
Trailing 12-month Revenue (July 31, 2024): $665.04 Billion
Walmart Inc. (NYSE:WMT) ranks first on our list of the biggest e-commerce companies in the US by revenue. The company specializes in the retail and wholesale of products through three segments, Walmart US, Walmart International, and Sam’s Club. More than 255 million people visit Walmart Inc. (NYSE:WMT) online and in-store every week.
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Disclosure. None. This article was originally published on Insider Monkey.