The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how online retail stocks fared in Q4, starting with Chewy (NYSE: CHWY).

Consumers ever rising demand for convenience, selection, and speed are secular engines underpinning ecommerce adoption. For years prior to Covid, ecommerce penetration as a percentage of overall retail would grow 1-2% annually, but in 2020 adoption accelerated by 5%, reaching 25%, as increased emphasis on convenience drove consumers to structurally buy more online. The surge in buying caused many online retailers to rapidly grow their logistics infrastructures, preparing them for further growth in the years ahead as consumer shopping habits continue to shift online.

The 6 online retail stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.9% while next quarter’s revenue guidance was 0.8% below.

Thankfully, share prices of the companies have been resilient as they are up 5.3% on average since the latest earnings results.

Chewy (NYSE: CHWY)

Founded by Ryan Cohen, who later became known for his involvement in GameStop, Chewy (NYSE: CHWY) is an online retailer specializing in pet food, supplies, and healthcare services.

Chewy reported revenues of $3.26 billion, flat year on year. This print was in line with analysts’ expectations, but overall, it was a mixed quarter for the company with a narrow beat of analysts’ EBITDA estimates but revenue in line with analysts’ estimates.

Chewy delivered the slowest revenue growth of the whole group. Interestingly, the stock is up 10.2% since reporting and currently trades at $25.85.

Is now the time to buy Chewy? Access our full analysis of the earnings results here, it’s free.

Best Q4: Revolve (NYSE: RVLV)

Launched in 2003 by software engineers Michael Mente and Mike Karanikolas, Revolve (NASDAQ: RVLV) is a fashion retailer leveraging social media and a community of fashion influencers to drive its merchandising strategy.

Revolve reported revenues of $324.4 million, up 10.4% year on year, outperforming analysts’ expectations by 6.2%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA and revenue estimates.

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $26.05.

Is now the time to buy Revolve? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Coupang (NYSE: CPNG)

Founded in 2010 by Harvard Business School student Bom Kim, Coupang (NYSE: CPNG) is an e-commerce giant often referred to as the "Amazon of South Korea".

Coupang reported revenues of $8.84 billion, up 10.9% year on year, falling short of analysts’ expectations by 3.8%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and EBITDA estimates.

Coupang delivered the weakest performance against analyst estimates in the group. The company reported 24.6 million active buyers, up 7.9% year on year. Interestingly, the stock is up 10.4% since the results and currently trades at $20.65.

Read our full analysis of Coupang’s results here.

Wayfair (NYSE: W)

Founded in 2002 by Niraj Shah, Wayfair (NYSE: W) is a leading online retailer of mass-market home goods in the US, UK, Canada, and Germany.

Wayfair reported revenues of $3.34 billion, up 6.9% year on year. This result beat analysts’ expectations by 1.1%. Overall, it was a very strong quarter as it also produced an impressive beat of analysts’ EBITDA and revenue estimates.

The company reported 21 million active buyers, down 1.9% year on year. The stock is down 15.8% since reporting and currently trades at $77.03.

Read our full, actionable report on Wayfair here, it’s free.

Amazon (NASDAQ: AMZN)

Founded by Jeff Bezos after quitting his stock-picking job at D.E. Shaw, Amazon (NASDAQ: AMZN) is the world’s largest online retailer and provider of cloud computing services.

Amazon reported revenues of $213.4 billion, up 13.6% year on year. This print topped analysts’ expectations by 0.9%. Aside from that, it was a mixed quarter as it also logged a narrow beat of analysts’ revenue estimates but EPS in line with analysts’ estimates.

The stock is up 14.6% since reporting and currently trades at $255.16.

Read our full, actionable report on Amazon here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.