The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. Levi Strauss & Co. reported a 6.9% increase in revenue year over year in its fiscal Q3. In addition, the company shared how shifting tariff expectations factor into its plans.

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

• Levi Strauss & Co. revenue was up 6.9% year over year in Q3 as the company mitigated new tariff costs.
• Nike revenue grew 1.1% year over year in its fiscal Q1, even as Nike Direct sales fell.

Levi Strauss & Co. (No. 155)

Q3 2025 net revenue: Levi Strauss & Co. reported an increase of 6.9% year over year to $1.5 billion in its fiscal third quarter ended Aug. 31. The company credited direct-to-consumer (DTC) net revenue. DTC revenue was up 11% on a reported basis over the same period. Meanwhile, revenue growth in Asia (up 14%) outpaced the U.S. (up 7%) and Europe (up 4%).

Levi Strauss assessed that DTC made up 46% of its total net revenues during the third quarter.

“While the macro environment remains complex, the consistency of our performance and operational agility gives me confidence that we will deliver sustained, profitable growth into 2026 and beyond,” said Michelle Gass, president and CEO at Levi Strauss.

Tariffs mitigation at Levi Strauss: During Levi’s Q3 earnings call, Harmit Singh, executive vice president and chief financial and growth officer at the company, shared that it has been using a range of options to mitigate new tariff costs in 2025. Those include promotion optimization, targeted pricing actions, vendor negotiation and further supply chain diversification.

“We delivered another strong quarter with a quarter three record gross margin of 61.7% of net revenues, expanding 110 basis points versus the prior year, more than offsetting 80 basis points of tariff headwinds,” Singh stated.

Looking ahead, he explained that Levi Strauss’ tariff expectations account for “30% for China. It also anticipates “an increase to approximately 20% for the rest of the world.” That is higher than Levi’s previous model anticipated. As a result, Singh shared that Levi currently estimates its “full-year gross impact of tariffs before mitigation to be approximately a 70 basis point headwind to gross margin.” That compares “to 50 basis points previously.”

“However, given the Q3 results and after mitigation, we continue to expect only a 20 basis point impact to gross margin,” he said.

Nike Inc. (No. 13)

Q1 2026 revenue: Nike Inc. recorded a revenue increase of 1.1% year over year to $11.7 billion in its fiscal first quarter ended Aug. 31. Over the same period, Nike Direct revenue fell 4.3% to $4.5 billion.

Read more on Nike’s digital sales here.

Other recent ecommerce earnings results

Alibaba Group Holding Limited

Q1 2026 revenue: Alibaba Group Holding Limited said revenue grew 1.8%  year over year to $34.6 billion in its fiscal first quarter. CEO Eddie Wu said Alibaba’s strategy remains fixed on “consumption and AI + Cloud.” He asserted that these are the company’s two pillars for long-term growth.

Read more on Alibaba’s ecommerce earnings here.

Amazon.com, Inc. (No. 3)

Q3 2025 net sales: Amazon.com Inc.’s net sales rose 13% year over year to $167.7 billion in its fiscal second quarter ended June 30. North America segment sales grew 11% to $100.1 billion. Excluding foreign exchange effects, total net sales increased 12% year over year.

Read more on Amazon’s sales here.

AutoZone Inc. (No. 293)

Q4 2025 net sales: AutoZone Inc. recorded a 0.6% year-over-year increase in sales to $6.2 billion in its fiscal fourth quarter ended Aug. 30. Net sales for AutoZone’s full fiscal 2025 grew 2.4% year over year to $18.9 billion. Still, the company continued to navigate new costs from tariffs.

“Domestically, both DIY and commercial sales improved sequentially throughout the quarter, and we are pleased with our momentum heading into our new fiscal year,” said Phil Daniele, president and CEO at AutoZone. “Our international business also continued to deliver strong results, growing same-store sales 7.2% on a constant currency basis.”

AutoZone’s tariff expectations: During the company’s earnings call, Jamere Jackson, chief financial officer and head of customer satisfaction at AutoZone, told investors he expects to see continued pressure attributable to tariff costs in fiscal year 2026.

Jackson noted that “based on what we’re seeing from tariffs and the costs associated with tariffs, the playbook that we have, which is negotiating with our vendors to absorb a portion of the costs to raise retails where necessary” will remain in place.

Currently, AutoZone expects to see 3% inflation in the year ahead. That could potentially occur with “another couple of mid-single-digit increments of inflation as we work our way through tariffs and build our inventory accordingly,” Jackson said.

Costco Wholesale Corporation (No. 7)

Q4 2025 net sales: Costco Wholesale Corporation said net sales grew 8.0% year over year to $84.4 billion in its fiscal fourth quarter ended Aug. 31. Costco ecommerce sales increased 13.6% year over year during the quarter and were up 15.6% year over year for the full fiscal 2025.

Read more on Costco’s ecommerce sales here.

The Home Depot Inc. (No. 4)

Q2 2025: The Home Depot Inc. said net sales jumped 4.9% year over year to reach $45.28 billion in its fiscal second quarter ended Aug. 3. Meanwhile, online sales increased 12% year over year as the home improvement retailer worked to speed up fulfillment.

Read more on Home Depot’s online sales here.

Stitch Fix Inc. (No. 76)

Q4 2025 net revenue: Stitch Fix Inc. reported a 2.6% year-over-year decline in net revenue of $311.2 million for its fiscal fourth quarter ended Aug. 2. Nevertheless, when adjusting for the impact of an extra week during the fourth quarter of fiscal 2024, Stitch Fix noted that net revenue increased 4.4% year over year.

“We finished the year with our second consecutive quarter of year-over-year revenue growth on an adjusted basis, and once again gained share in the U.S. apparel market,” said Matt Baer, CEO at Stitch Fix. “Our positive momentum was driven by the successful execution of our transformation strategy, including the improvements to our client experience and assortment. Looking ahead, we will continue to fuel growth by harnessing the power of AI, our assortment of leading brands, and the human connection of our Stylists, to deliver the most client-centric and personalized shopping experience.”

How Stitch Fix is using AI: Baer summarized Stitch Fix’s AI investments during its earnings call. Among them, he cited:

• AI for personalization.
• Generative AI for its style assistant.
• A new Stylist Connect platform for helping customers to communicate what they want to Stitch Fix stylists.

In addition, he shared that Stitch Fix is using generative AI in its private brand design process.

“By integrating GenAI and private brand development, we are responding to trend signals more quickly and accelerating how we bring relevant styles to the market,” Baer stated. “We are uniquely positioned to do this because of the depth and quality of our data from the continuous direct and indirect feedback our clients provide.”

Target Corporation (No. 5)

Q2 2025: Target Corporation recorded a net sales drop of 0.9% year over year to $25.2 billion in its fiscal second quarter ended Aug. 2. Despite overall challenges, the retailer’s online sales increased 4.3% from a year earlier. Target credited 25% growth in same-day delivery through its Target Circle 360 paid membership program growth in Drive Up use.

Read more on Target’s online sales here.

Walmart, Inc. (No. 2)

Q2 2026: Walmart Inc.’s total sales were up 4.8% year over year to $177.4 billion in its fiscal second quarter ended July 31. Online sales alone increased 25% over the same period. CEO Doug McMillon said Walmart would keep prices “as low as we can for as long as we can” in the face of tariffs.

Read more on Walmart’s ecommerce earnings here.

Ecommerce earnings calendar

Here’s when other ecommerce earnings are scheduled to report this quarter:

• Albertsons: Oct. 14
• Johnson & Johnson: Oct. 14

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