As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at online retail stocks, starting with Revolve (NYSE: RVLV).

Online penetration surged during COVID before normalizing, consumer expectations around convenience, selection, fast delivery, and competitive pricing have remained permanently higher. Retailers have responded by investing in fulfillment networks, automation, omnichannel capabilities, and AI-powered personalization to serve customers more efficiently and improve the shopping experience. Today, ecommerce growth is driven less by first-time online adoption and more by increasing wallet share, higher purchase frequency, and the continued migration of traditionally offline categories online. As logistics networks and AI capabilities continue to improve, leading ecommerce platforms are well positioned to capture a growing share of consumer spending over the coming decade.

The 5 online retail stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 2.3% while next quarter’s revenue guidance was in line.

Thankfully, share prices of the companies have been resilient as they are up 5% on average since the latest earnings results.

Revolve (NYSE: RVLV)

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

Revolve reported revenues of $356 million, up 20.4% year on year. This print exceeded analysts’ expectations by 3%. Overall, it was a strong quarter for the company with strong growth in its buyers and a narrow beat of analysts’ EBITDA estimates.

"We delivered a strong third quarter, highlighted by net sales growth of 20% or more across our segments, REVOLVE and FWRD, and in domestic and international markets," said co-founder and co-CEO Mike Karanikolas. "Supporting our top-line momentum was 18% growth in active customers year-over-year, our fourth consecutive quarter of growth acceleration."

Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 11.9% since reporting and currently trades at $18.97.

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

Best Q3: 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 $3.42 billion, up 9.7% year on year, outperforming analysts’ expectations by 1.3%. The business had a strong quarter with a solid beat of analysts’ EBITDA estimates and solid growth in its buyers.

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $112.25.

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

Slowest Q3: 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 $9.96 billion, up 7.5% year on year, exceeding analysts’ expectations by 2.3%. Still, it was a slower quarter as it posted a significant miss of analysts’ EBITDA estimates.

Coupang delivered the slowest revenue growth in the group. The company reported 25.2 million active buyers, up 2% year on year. Interestingly, the stock is up 6% since the results and currently trades at $16.16.

Read our full analysis of Coupang’s results here.

Carvana (NYSE: CVNA)

Known for its glass tower car vending machines, Carvana (NYSE: CVNA) provides a convenient automotive shopping experience by offering an online platform for buying and selling used cars.

Carvana reported revenues of $8.04 billion, up 42.4% year on year. This print surpassed analysts’ expectations by 4.9%. Taking a step back, it was a mixed quarter as it also logged a narrow beat of analysts’ EBITDA estimates but full-year EBITDA guidance missing analysts’ expectations.

Carvana scored the biggest analyst estimate beat and fastest revenue growth of the whole group. The stock is up 21.5% since reporting and currently trades at $71.78.

Read our full, actionable report on Carvana 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 $201.9 billion, up 12.1% year on year. This number met analysts’ expectations. More broadly, it was a slower quarter as it produced a miss of analysts’ EPS estimates and revenue guidance for next quarter meeting analysts’ expectations.

Amazon had the weakest performance against analyst estimates among its peers. The stock is up 5.7% since reporting and currently trades at $257.63.

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

Market update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.