The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. International direct sales helped the footwear brand Crocs to find growth opportunities during its fiscal Q4. Elsewhere, CVS Health gave analysts an update on its new artificial intelligence (AI)-powered platform that the company wants to use to unify engagement experiences for CVS and Aetna services.
Parentheses indicate the merchant’s ranking in the Top 2000, unless otherwise noted. The database ranks North America’s largest ecommerce retailers by their annual web sales.
This week’s ecommerce earnings takeaways
- Crocs consolidated revenues were down by 3.2% year over year in its Q4, though direct sales internationally climbed by 35.6% from a year ago.
- CVS Health total revenues increased by 8.2% from a year earlier in its Q4 as the company continued work on its AI-powered engagement platform.
Crocs Inc. (No. 93)
Q4 2025 consolidated revenues: Crocs Inc. reported that consolidated revenues fell by 3.2% year over year to $957.64 million in its fiscal fourth quarter ended Dec. 31, 2025. Despite the overall decline, direct-to-consumer (DTC) revenues across the Crocs and Heydude brands were up by 4.7% over the same period.
International revenue growth led DTC results for Crocs Brand during the quarter, growing 35.6% year over year to $141.68 million. Meanwhile, DTC revenue in North America for Crocs Brand dropped by 2.8% to $333.17 million.
International priorities: Patraic Reagan, executive vice president and chief financial officer at Crocs, noted during its earnings call that “expansion in international markets is one of our key strategic pillars.”
“Revenue was up 11% versus prior year to $1.6 billion, led by DTC up 23% and wholesale up 5%,” Reagan said. “We gained market share in China, which grew revenues by 30% to last year with balanced growth across partner comparable store sales, digital and new store openings.”
CVS Health Corporation (No. 101)
Q4 2025 total revenues: CVS Health Corporation recorded a total revenues increase of 8.2% year over year to $105.69 billion in its fiscal fourth quarter ended Dec. 31, 2025. Same-store sales, which in part include digital sales initiated online or through mobile applications and fulfilled through CVS’s distribution centers, were up 16.0% from a year ago.
AI use at CVS: During a Feb. 10 earnings call, leadership spoke briefly about CVS Health’s AI strategy, which came up previously at its December 2025 investor day.
“So still early days, but we see an incredible amount of opportunity to leverage the tools that we’re investing in and connectivity,” said Brian Newman, executive vice president and chief financial officer at CVS. “It will both drive savings as well as accelerate growth.”
Prem Shah, executive vice president and group president at CVS, added additional context about the new AI-native consumer engagement platform, which CVS designed to field interactions across CVS Pharmacy, CVS Caremark, Aetna and its health care delivery businesses through one digital interface.
“Progress to date is performing well, and we believe we’re uniquely positioned to create the next-generation of health care engagement,” she stated. Shah noted that CVS has “over 185 million consumers that engage with us across CVS Health every year,” along with “9,000 community pharmacy destinations.” She said the company’s “trusted brand” and “loyal set of customer bases” could be leveraged by engaging them through the new platform.
Other recent ecommerce earnings results
Alibaba Group Holding Limited
Q2 2026 revenue: Alibaba Group Holding Limited recorded a revenue increase of 4.8% year over year to 247.8 Chinese yuan (about $34.8 billion) in its fiscal second quarter ended Sept. 30. “In our consumption business, quick commerce continued to scale with significant improvement in unit economics and drove rapid growth in monthly active consumers on the Taobao app,” said Alibaba CEO Eddie Wu.
Read more on Alibaba’s ecommerce earnings here.
Amazon.com Inc. (No. 1)
Q4 2025 net sales: Amazon.com Inc.’s net sales grew by 13.6% year over year to $213.39 billion in its fiscal fourth quarter ended Dec. 31, 2025. By the year’s end, more than 300 million Amazon customers used Rufus AI, which is Amazon’s AI assistant.
Read more on Amazon’s sales here.
Costco Wholesale Corporation (No. 7)
Q1 2026 net sales: Costco Wholesale Corporation reported net sales growth of 8.2% year over year to $65.98 billion in its fiscal Q1 ended Nov. 22. Digitally enabled sales during the period were up 20.5% from a year earlier.
Read more on Costco’s ecommerce sales here.
The Home Depot Inc. (No. 4)
Q3 2025 net sales: The Home Depot Inc. reported net sales grew 28.9% year over year to $41.4 billion in its fiscal third quarter ended Nov. 2. In the meantime, William Bastek, executive vice president of merchandising at Home Depot, shared that online sales were up 11% year over year.
Read more on Home Depot’s online sales here.
Target Corporation (No. 5)
Q3 2025 net sales: Target Corporation net sales fell 1.5% year over year to $25.3 billion in its fiscal third quarter ended Nov. 1. Despite Target’s ongoing struggles, online sales for the retailer still managed to increase 2.4% year over year during the quarter.
Read more on Target’s online sales here.
Walmart Inc. (No. 2)
Q3 2026 total revenue: Walmart Inc.’s total revenue grew 5.8% year over year to $179.5 billion in its fiscal third quarter ended Oct. 31. During its Q3, Walmart online sales increased 27% year over year, marking 14 straight quarters of at least 10% growth.
Read more on Walmart’s ecommerce earnings here.
Ecommerce earnings calendar
Here’s when other ecommerce earnings are scheduled to report this quarter:
- La-Z-Boy: Feb. 17
- Walmart: Feb. 19
- Etsy: Feb. 19
- Wayfair: Feb. 19
- Yeti Holdings: Feb. 19
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