The marketplace wars have settled into a compounding phase, and the top e-commerce stocks show it. Shopify leads our 21 names with an MGI of 70 at a $154B cap, and MercadoLibre sits a point behind at 69 while growing faster, 35% a year with per-share growth to match.
The spread of scale is the striking part: Uber and Airbnb occupy the middle of the table at caps above $75B, while VTEX makes the list at $683M. A median MGI of 55 puts the sector comfortably above most, and the per-share column here is unusually clean; these platforms mostly grow without leaning on new shares. Click any name for the full citation-backed analysis.
50companies qualify
54.5median MGI
1joined this week
The ranking
Sorted by MGIShare
1
MercadoLibre, Inc.MELI🇺🇾
Revenue +38%/yr · +37%/yr per share · scale economics
G 73V 72O 84Cap $89.8B
MGI
73
MVI
72
MTI
38
MOI
84
Cap
$89.8B
Growth
+50%Rev CAGR +50%
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2
Shopify Inc.SHOP🇨🇦
Revenue +24%/yr · +23%/yr per share · scale economics
G 73V 49O 72Cap $173.9B
MGI
73
MVI
49
MTI
38
MOI
72
Cap
$173.9B
Growth
+34%Rev CAGR +34%
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3
Global-E Online Ltd.GLBE🇮🇱
Revenue +35%/yr · +21%/yr per share · scale economics
G 70V 63O 75Cap $6.5B
MGI
70
MVI
63
MTI
45
MOI
75
Cap
$6.5B
Growth
+33%Rev CAGR +33%
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4
AL
Allegro.eu S.A.ALE.PL🇵🇱
Revenue +17%/yr · +17%/yr per share · asset light
G 70V 75O 78Cap $7.2B
MGI
70
MVI
75
MTI
44
MOI
78
Cap
$7.2B
Growth
+17%Rev CAGR +17%
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5
Pinterest, Inc.PINS🇺🇸
Revenue +12%/yr · +14%/yr per share · asset light
G 66V 63O 69Cap $12.8B
MGI
66
MVI
63
MTI
52
MOI
69
Cap
$12.8B
Growth
+18%Rev CAGR +18%
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6
Kits Eyecare Ltd.KITS.CA🇨🇦
Revenue +22%/yr · +19%/yr per share · scale economics
G 65V 55O 66Cap $347.8M
MGI
65
MVI
55
MTI
43
MOI
66
Cap
$347.8M
Growth
+18%Rev CAGR +18%
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7
Klaviyo, Inc.KVYO🇺🇸
Revenue +37%/yr · +28%/yr per share · asset light
G 63V 66O 68Cap $4.9B
MGI
63
MVI
66
MTI
50
MOI
68
Cap
$4.9B
Growth
+26%Rev CAGR +26%
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8
ZEAL Network SETIMA.DE🇩🇪
Revenue +19%/yr · +20%/yr per share · asset light
G 63V 65O 68Cap $1.1B
MGI
63
MVI
65
MTI
35
MOI
68
Cap
$1.1B
Growth
+6%Rev CAGR +6%
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9
ACV Auctions Inc.ACVA🇺🇸
Revenue +17%/yr · +10%/yr per share · asset light
G 62V 67O 68Cap $1.3B
MGI
62
MVI
67
MTI
48
MOI
68
Cap
$1.3B
Growth
+12%Rev CAGR +12%
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10
Sea LimitedSE🇸🇬
Revenue +23%/yr · +18%/yr per share · scale economics
G 62V 60O 66Cap $66.6B
MGI
62
MVI
60
MTI
52
MOI
66
Cap
$66.6B
Growth
+47%Rev CAGR +47%
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11
Airbnb, Inc.ABNB🇺🇸
Revenue +17%/yr · +17%/yr per share · asset light
G 61V 59O 66Cap $98.2B
MGI
61
MVI
59
MTI
52
MOI
66
Cap
$98.2B
Growth
+17%Rev CAGR +17%
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12
Wix.com Ltd.WIX🇮🇱
Revenue +11%/yr · +13%/yr per share · asset light
G 60V 73O 67Cap $3.1B
MGI
60
MVI
73
MTI
58
MOI
67
Cap
$3.1B
Growth
+15%Rev CAGR +15%
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13
Hostelworld Group plcHSW.IE🇮🇪
Revenue +42%/yr · +39%/yr per share · asset light
G 60V 63O 63Cap $180.6M
MGI
60
MVI
63
MTI
43
MOI
63
Cap
$180.6M
Growth
+2%Rev CAGR +2%
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14
CB
cyber_Folks S.A.CBF.PL🇵🇱
Revenue +25%/yr · +24%/yr per share · asset light
G 60V 68O 64Cap $705.8M
MGI
60
MVI
68
MTI
44
MOI
64
Cap
$705.8M
Growth
+25%Rev CAGR +25%
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15
Full Truck Alliance Co. Ltd.YMM🇨🇳
Revenue +22%/yr · +12%/yr per share · asset light
G 59V 66O 65Cap $9.2B
MGI
59
MVI
66
MTI
52
MOI
65
Cap
$9.2B
Growth
+6%Rev CAGR +6%
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16
Scout24 SEG24.DE🇩🇪
Revenue +13%/yr · +18%/yr per share · asset light
G 59V 57O 63Cap $6.1B
MGI
59
MVI
57
MTI
42
MOI
63
Cap
$6.1B
Growth
+29%Rev CAGR +29%
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17
Trip.com Group LimitedTCOM🇸🇬
Revenue +26%/yr · +24%/yr per share · asset light
G 58V 50O 58Cap $28.3B
MGI
58
MVI
50
MTI
57
MOI
58
Cap
$28.3B
Growth
+17%Rev CAGR +17%
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18
Haypp Group ABHAYPP.SE🇸🇪
Revenue +14%/yr · +10%/yr per share · scale economics
G 58V 54O 59Cap $456.1M
MGI
58
MVI
54
MTI
53
MOI
59
Cap
$456.1M
Growth
+14%Rev CAGR +14%
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19
DoorDash, Inc.DASH🇺🇸
Revenue +27%/yr · +20%/yr per share · asset light
G 57V 56O 60Cap $87.3B
MGI
57
MVI
56
MTI
47
MOI
60
Cap
$87.3B
Growth
+36%Rev CAGR +36%
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20
Uber Technologies, Inc.UBER🇺🇸
Revenue +26%/yr · +23%/yr per share · scale economics
G 56V 57O 59Cap $151.2B
MGI
56
MVI
57
MTI
52
MOI
59
Cap
$151.2B
Growth
+15%Rev CAGR +15%
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21
FIGS, Inc.FIGS🇺🇸
Revenue +11%/yr · +7%/yr per share · asset light
G 56V 46O 55Cap $2.4B
MGI
56
MVI
46
MTI
38
MOI
55
Cap
$2.4B
Growth
+29%Rev CAGR +29%
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22
VtexVTEX🇬🇧
Revenue +15%/yr · +15%/yr per share · asset light
G 56V 70O 61Cap $639.8M
MGI
56
MVI
70
MTI
55
MOI
61
Cap
$639.8M
Growth
+10%Rev CAGR +10%
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23
On the Beach Group plcOTB.GB🇬🇧
Revenue +19%/yr · +21%/yr per share · asset light
G 56V 66O 61Cap $352.5M
MGI
56
MVI
66
MTI
48
MOI
61
Cap
$352.5M
Growth
+2%Rev CAGR +2%
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24
ByteTravel S.A.BYTE.ES🇪🇸
Revenue +68%/yr · -93%/yr per share · asset light
G 56V 52O 56Cap $207.1M
MGI
56
MVI
52
MTI
62
MOI
56
Cap
$207.1M
Growth
+68%Rev CAGR +68%
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25
SPS Commerce, Inc.SPSC🇺🇸
Revenue +15%/yr · +15%/yr per share · asset light
G 55V 62O 59Cap $2.5B
MGI
55
MVI
62
MTI
42
MOI
59
Cap
$2.5B
Growth
+6%Rev CAGR +6%
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26
GigaCloud Technology IncGCT🇺🇸
Revenue +29%/yr · 0%/yr per share · scale economics
G 54V 65O 58Cap $1.9B
MGI
54
MVI
65
MTI
62
MOI
58
Cap
$1.9B
Growth
+32%Rev CAGR +32%
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27
SH
Shoper S.A.SHO.PL🇵🇱
Revenue +36%/yr · +36%/yr per share · asset light
G 54V 63O 57Cap $407.1M
MGI
54
MVI
63
MTI
42
MOI
57
Cap
$407.1M
Growth
+36%Rev CAGR +36%
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28
Expedia Group, Inc.EXPE🇺🇸
Revenue +13%/yr · +17%/yr per share · asset light
G 53V 65O 58Cap $35.3B
MGI
53
MVI
65
MTI
55
MOI
58
Cap
$35.3B
Growth
+14%Rev CAGR +14%
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29
Liquidity Services, Inc.LQDT🇺🇸
Revenue +13%/yr · +15%/yr per share · scale economics
G 53V 54O 54Cap $1.3B
MGI
53
MVI
54
MTI
43
MOI
54
Cap
$1.3B
Growth
+4%Rev CAGR +4%
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30
ATRenew Inc.RERE🇨🇳
Revenue +24%/yr · +11%/yr per share · scale economics
G 53V 64O 57Cap $1.0B
MGI
53
MVI
64
MTI
50
MOI
57
Cap
$1.0B
Growth
+27%Rev CAGR +27%
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31
RVRC Holding ABRVRC.SE🇸🇪
Revenue +11%/yr · +12%/yr per share · asset light
G 52V 60O 54Cap $669.3M
MGI
52
MVI
60
MTI
48
MOI
54
Cap
$669.3M
Growth
-29%Rev CAGR -29%
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32
Autotrader Group plcAUTO.GB🇬🇧
Revenue +10%/yr · +12%/yr per share · asset light
G 51V 60O 56Cap $5.5B
MGI
51
MVI
60
MTI
33
MOI
56
Cap
$5.5B
Growth
+4%Rev CAGR +4%
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33
InPost S.A.INPST.PL🇵🇱
Revenue +28%/yr · +30%/yr per share · scale economics
G 51V 48O 51Cap $9.0B
MGI
51
MVI
48
MTI
44
MOI
51
Cap
$9.0B
Growth
+31%Rev CAGR +31%
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34
Prologis, Inc.PLD🇺🇸
Revenue +14%/yr · +9%/yr per share · asset light
G 50V 47O 48Cap $131.7B
MGI
50
MVI
47
MTI
38
MOI
48
Cap
$131.7B
Growth
+11%Rev CAGR +11%
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35
Pattern Group Inc.PTRN🇺🇸
Revenue +30%/yr · +8%/yr per share · scale economics
G 50V 60O 53Cap $4.4B
MGI
50
MVI
60
MTI
62
MOI
53
Cap
$4.4B
Growth
+47%Rev CAGR +47%
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36
AUTO1 Group SEAG1.DE🇩🇪
Revenue +14%/yr · +13%/yr per share · scale economics
G 50V 63O 53Cap $5.6B
MGI
50
MVI
63
MTI
42
MOI
53
Cap
$5.6B
Growth
+14%Rev CAGR +14%
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37
MakeMyTrip LimitedMMYT🇮🇳
Revenue +29%/yr · +31%/yr per share · asset light
G 49V 57O 51Cap $5.3B
MGI
49
MVI
57
MTI
43
MOI
51
Cap
$5.3B
Growth
+6%Rev CAGR +6%
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38
Prosus N.V.PRX.NL🇳🇱
Revenue +12%/yr · +22%/yr per share · scale economics
G 48V 57O 51Cap $88.1B
MGI
48
MVI
57
MTI
53
MOI
51
Cap
$88.1B
Growth
+57%Rev CAGR +57%
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39
Xometry, Inc.XMTR🇺🇸
Revenue +30%/yr · +13%/yr per share · scale economics
G 47V 53O 48Cap $5.5B
MGI
47
MVI
53
MTI
44
MOI
48
Cap
$5.5B
Growth
+41%Rev CAGR +41%
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40
Coveo Solutions Inc.CVO.CA🇨🇦
Revenue +14%/yr · +4%/yr per share · asset light
G 46V 65O 49Cap $361.2M
MGI
46
MVI
65
MTI
56
MOI
49
Cap
$361.2M
Growth
+12%Rev CAGR +12%
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41
Carvana Co.CVNA🇺🇸
Revenue +14%/yr · -5%/yr per share · scale economics
G 44V 33O 33Cap $112.5B
MGI
44
MVI
33
MTI
52
MOI
33
Cap
$112.5B
Growth
+52%Rev CAGR +52%
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42
Baltic Classifieds Group PLCBCG.LT🇱🇹
Revenue +10%/yr · +10%/yr per share · asset light
G 43V 56O 45Cap $1.1B
MGI
43
MVI
56
MTI
33
MOI
45
Cap
$1.1B
Growth
+15%Rev CAGR +15%
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43
Redcare Pharmacy N.V.RDC.NL🇳🇱
Revenue +24%/yr · +20%/yr per share · scale economics
G 43V 70O 48Cap $1.4B
MGI
43
MVI
70
MTI
47
MOI
48
Cap
$1.4B
Growth
+20%Rev CAGR +20%
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44
ID Logistics Group SAIDL.FR🇫🇷
Revenue +18%/yr · +14%/yr per share · scale economics
G 43V 62O 46Cap $2.9B
MGI
43
MVI
62
MTI
46
MOI
46
Cap
$2.9B
Growth
+14%Rev CAGR +14%
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45
Lyft, Inc.LYFT🇺🇸
Revenue +16%/yr · +12%/yr per share · scale economics
G 41V 67O 44Cap $6.1B
MGI
41
MVI
67
MTI
63
MOI
44
Cap
$6.1B
Growth
+14%Rev CAGR +14%
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46
Oddity Tech Ltd.ODD🇮🇱
Revenue +27%/yr · +8%/yr per share · asset light
G 41V 69O 44Cap $687.5M
MGI
41
MVI
69
MTI
65
MOI
44
Cap
$687.5M
Growth
-26%Rev CAGR -26%
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47
LuxExperience B.V.LUXE🇩🇪
Revenue +29%/yr · +18%/yr per share · scale economics
G 40V 63O 43Cap $1.2B
MGI
40
MVI
63
MTI
55
MOI
43
Cap
$1.2B
Growth
+133%Rev CAGR +133%
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48
Lightspeed Commerce Inc.LSPD🇨🇦
Revenue +21%/yr · +20%/yr per share · scale economics
G 38V 58O 39Cap $1.7B
MGI
38
MVI
58
MTI
62
MOI
39
Cap
$1.7B
Growth
+6%Rev CAGR +6%
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49
Amazon.com, Inc.AMZN🇺🇸
Revenue +11%/yr · +9%/yr per share · asset light
G 37V 53O 38Cap $2.70T
MGI
37
MVI
53
MTI
42
MOI
38
Cap
$2.70T
Growth
+17%Rev CAGR +17%
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50
Upwork Inc.UPWK🇺🇸
Revenue +9%/yr · +8%/yr per share · asset light
G 36V 68O 39Cap $1.1B
MGI
36
MVI
68
MTI
68
MOI
39
Cap
$1.1B
Growth
+1%Rev CAGR +1%
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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-08-17.