Apple Intelligence and Microsoft's Copilot Checkout plans both entered discussions on earnings calls as ecommerce leaders shared their latest quarterly results.

The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. Both Apple and Microsoft reported results from their more recent fiscal quarters, with artificial intelligence (AI) appearing prominently in their earnings calls. Apple net sales were up 15.7% year over year, while Microsoft revenue increased by 16.7% from a year ago.

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

  • Apple net sales increased 15.7% year over year in its fiscal Q1 as it announced new work with Google to improve Apple Intelligence.
  • Microsoft’s CEO briefly mentioned its new AI checkout experience as the company shared that net revenue was up 16.7% year over year.

Apple Inc. (No. 3)

Q1 2026: Apple Inc. reported net sales growth of 15.7% year over year to $143.76 billion in its fiscal Q1 ended Dec. 27, 2025. Fueling Apple’s results, the company sold a record $85.27 billion worth of iPhones during the quarter.

“iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment, and Services also achieved an all-time revenue record, up 14% from a year ago,” said Tim Cook, CEO at Apple.

Success extended to international markets as well.

“We set all-time revenue records in the Americas, Europe, Japan and rest of Asia Pacific and grew in the vast majority of markets we track,” Cook stated during Apple’s earnings call. “We continue to gain momentum in emerging markets, which includes India, where we saw strong double-digit revenue growth. Greater China also grew 38% year over year, driven by iPhone, which had record upgraders and double-digit growth on switchers.”

Apple’s work with Google: Speaking with investors, Cook offered details on Apple’s plans to partner with Google on updates to the AI models powering Apple Intelligence on iPhones and other Apple devices.

“Building on our efforts in the AI space, we are also collaborating with Google to develop the next generation of Apple foundation models,” Cook explained. “This will help power future Apple Intelligence features, including a more personalized series coming this year.”

According to Cook, Apple Intelligence will “continue to run on the device and run in private cloud compute and maintain our industry-leading privacy standards in doing so.”

Levi Strauss & Co. (No. 155)

Q4 2025: Levi Strauss & Co. announced that net revenue grew by 0.9% year over year to $1.77 billion in its fiscal fourth quarter ended Nov. 30, 2025. During its earnings call, the company also shared details about the AI-powered style assistant that it is rolling out.

Read more on Levi’s ecommerce sales here.

Microsoft Corp. (No. 80)

Q2 2026: Microsoft Corp. recorded an increase in total revenue of 16.7% year over year to $81.27 billion in its fiscal second quarter ended Dec. 31, 2025. The company credited more than $50 billion in Microsoft Cloud revenue for helping growth during the quarter as CEO Satya Nadella highlighted the growing role of AI in its software and services.

“We are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises,” Nadella said. “We are pushing the frontier across our entire AI stack to drive new value for our customers and partners.”

Copilot adoption and checkout: Nadella briefly discussed Microsoft’s agentic Copilot Checkout feature during an earnings call with investors. He noted that the number of daily Copilot users has nearly tripled in the past year.

“Daily users of our Copilot app increased nearly 3x year over year,” he stated. “And with Copilot checkout, we have partnered with PayPal, Shopify and Stripe, so customers can make purchases directly within the app. With Microsoft 365 Copilot, we are focused on organization-wide productivity.”

Tractor Supply Co. (No. 87)

Q4 2025: Tractor Supply Co. said net sales increased by 3.3% to $3.90 billion in its fiscal fourth quarter ended Dec. 27, 2025. The company shared details about its continuing investments in AI and delivery structure as it looks ahead.

Read more on Tractor Supply ecommerce sales here.

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)

Q3 2025 net sales: Amazon.com Inc.’s net sales rose 13% year over year to $180.2 billion in its fiscal third quarter ended Sept. 30. North America segment sales grew 11% to $106.3 billion, while AWS climbed 20% to $33 billion. Excluding foreign exchange effects, total net sales increased 12% year over year.

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:

  • Alphabet: Feb. 4
  • e.l.f. Beauty: Feb. 4
  • O’Reilly Automotive: Feb. 4
  • Canada Goose: Feb. 5
  • Estée Lauder: Feb. 5
  • Peloton: Feb. 5
  • Ralph Lauren: Feb. 5
  • Tapestry: Feb. 5
  • Amazon: Feb. 5
  • Newell Brands: Feb. 6
  • Under Armour: Feb 6

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