June 2026
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Largest E-commerce Software Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Shopify, GoDaddy, Wix.com, Xinhua Winshare and Lightspeed Commerce.
 | Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company’s website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital. | $116 | +1% | $151B | $145B | 12.5x | 72.4x | ||
 | GoDaddy Inc provides digital solutions and services for entrepreneurs, small businesses, individuals, organizations, developers, designers, and domain investors. It offers tools intended to support business creation and management through an integrated service platform. The company operates through two segments: Applications and Commerce (A&C) and Core Platform (Core). The majority of the company's revenue is derived from the Core Platform segment, which consists of sales of domain registrations and renewals, aftermarket domain sales, website hosting products and website security products. Geographically, it generates the maximum revenue from the United States. | $85 | -53% | $11B | $14B | 2.8x | 8.7x | ||
| Wix.com is a software-as-a-service content management system platform that allows users to create, customize, and manage websites for themselves, or for clients. Wix is best known for its Wix Editor service for self-creators, but in recent years has invested heavily and introduced its Wix Studio offering for partners, who are agencies and developers. Wix also offers a range of business solutions such as payment services and marketing products. | $54 | -66% | $2B | $2B | 0.9x | 4.4x | ||
 | Xinhua Winshare Publishing & Media Co Ltd is engaged in integrated cultural operations specializing in the creative content production of publications, education services, cultural consumption services, supply chain services, and capital operation. Its activities are editorial and publishing of publications, sales of publications in physical stores and the internet, distribution of textbooks and supplementary materials, education information and equipment services, etc. It is through two operating segments; the Publication segment, which includes publishing books, periodicals, and audiovisual products, and the Distribution segment, which comprises the distribution of textbooks and supplementary materials. The group generates a majority of its revenue from the Distribution segment. | $2 | -13% | $2B | $799M | 0.5x | 2.8x | ||
| Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accept payments, and grow their businesses. The company sells its platform through a direct sales force in the United States, Canada, United Kingdom, Australia, and other countries. It derives a majority of its revenue from the United States. | $10 | -19% | $1B | $877M | 0.7x | 12.1x | ||
| Hangzhou Raycloud Technology Co Ltd is an e-commerce software and service technology company. It provides value-added products and services such as SaaS products, supporting hardware, operating services, and CRM SMS for e-commerce merchants based on e-commerce platforms. Its products and services include super manager, courier assistant, wangdian transaction, wangdian data, merchandise, prosperous store promotion, super store manager-cross-border edition, super express, super commodity, super deal and seller network. | $3 | +31% | $1B | $1B | 14.7x | 1554.0x | ||
| GigaCloud Technology Inc provides end-to-end and B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which is referred to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer’s warehouse to end customers, all at one fixed price. | $33 | +68% | $1B | $1B | 1.0x | 7.8x | ||
 | Rezolve AI PLC is an AI-powered solutions company, specializing in enhancing customer engagement, operational efficiency, and revenue growth for the retail and e-commerce sectors. The company's product, Brain Commerce, powered by its proprietary Large Language Model (LLM) brainpowa, transforms the online shopping experience. By surpassing traditional site search and product discovery tools, Brain Commerce improves conversion rates, increases average order value (AOV), and reduces cart abandonment. The company has one reportable segment, which is cloud-based services. Geographically, the company generates revenue from Canada, the United States, Mexico, Australia, the United Kingdom, and Japan, with the majority of revenue generated from the United States. | $3 | -18% | $1B | $1B | 22.4x | (17.8x) | ||
| THG PLC is an online retailer. It provides an end-to-end direct-to-consumer ("D2C") e-commerce solution for consumer brand owners under a Software as a Service, in addition to stand-alone services, including hosting, content creation and translation. Its business is operated through four businesses: THG Ingenuity, THG Nutrition, THG Beauty and Other. The company operates in the United Kingdom. | $0 | +3% | $703M | $1B | 0.5x | 8.9x | ||
| Riskified Ltd has built a next-generation eCommerce risk management platform that allows online merchants to create trusted relationships with their consumers. It generates revenue by granting merchants access to its eCommerce risk management platform and reviewing and approving eCommerce transactions for legitimacy. Its merchants include some of the ecommerce brands including Wayfair, Lastminute.com, SHEIN, and Macy’s. Its merchants operate in a variety of verticals, including Payments, Money Transfer & Crypto, Tickets & Travel, Electronics, Home, Fashion & Luxury Goods, General Retail and Food. The company derived maximum revenue from Israel. | $5 | -4% | $693M | $440M | 1.3x | 16.5x | ||
| Auction Technology Group PLC is a digital marketplace operator that powers the discovery and sale of curated secondary goods through trusted online platforms. The Group operates curated auction and list-price marketplaces and provides value-added services, including seller marketing, integrated payments, shipping solutions, cross-listing capabilities, white-label auction technology, and partner network services. Its operations are organised into two reportable segments: Arts & Antiques and Industrial & Commercial, across which it operates multiple specialist marketplaces. The majority of revenue is generated from the Arts & Antiques segment. Geographically, it serves the United Kingdom, Mexico, Germany, and the United States, with the majority of revenue generated from the United States. | $6 | -7% | $684M | $840M | 4.4x | 10.9x | ||
 | Vtex provides a software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce plan, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. It generates maximum revenues from Brazil followed by Latin America and the rest of the world. | $4 | -44% | $636M | $445M | 1.8x | 18.4x | ||
 | Infomart Corp is a Japan-based provider of business-to-business e-commerce software solutions. The firm's operations are organized in six segments: Application Service Provider (ASP) Ordering, which offers ordering systems and online document processing services; ASP Written Standards, which uploads written standards online; ASP Negotiation for groupware; ASP Ordering and Operation for food wholesale companies; Cloud Service, which offers a data delivery system for food wholesale companies; and Overseas, which offers solutions to overseas markets. | $2 | -13% | $613M | $503M | 4.1x | 15.8x | ||
| ODDITY Tech Ltd offers a consumer tech platform that is built to transform the beauty and wellness market. The ODDITY platform is designed to support a portfolio of brands and services that innovate and disrupt the expansive beauty and wellness market. It consumes user data to develop physical beauty and wellness products that deliver performance and functionality. Its brands include SpoiledChild and IL Makiage. | $10 | -87% | $571M | $884M | 1.1x | 5.4x | ||
| Locaweb Servicos de Internet SA is a Brazil-based software company. It offers digital marketing, cloud, and accommodation services such as website hosting, WordPress hosting, domain registration, and email services. The operations of the Company and its subsidiaries are divided into two operating segments: Be Online and SaaS and Commerce. The Be Online and SaaS segment includes hosting and cloud services, as well as those called SaaS (email, marketing intelligence software, and site builder). The Commerce segment includes e-commerce solutions, platforms, marketplace integration, and sub-acquiring business services. | $1 | -6% | $391M | $348M | 1.2x | 5.4x | ||
| Youzan Technology Ltd formerly China Youzan Ltd is an investment holding company. The firm operates in the following segments: Third-party payment services, Merchant services, and others. The business activity of the organization generally functions through one geographical region, which is China and it derives the majority of its revenue from the merchant services segment, which engages in the provision of a variety of SaaS products and comprehensive services in China. The company offers a variety of cloud-based commerce services to merchants through subscription solutions, and a suite of SaaS products. | $0 | -7% | $360M | $261M | 1.2x | 9.0x | ||
 | Cafe24 Corp is an e-commerce platform. The company does online business through e-commerce platforms. The services provided by the company include solutions for the shopping mall, advertising, marketing, and hosting infrastructure. | $14 | -58% | $329M | $218M | 1.0x | 4.6x | ||
 | Shoper SA is a leader on the Polish market of software vendors for e-commerce in the SaaS model. It enables entrepreneurs to conveniently, quickly and easily set up own online store and conduct sales in the online channel. The comprehensive offer of the company consists of the Shoper platform available as a subscription, allowing for flexible adaptation to the needs of a given client, and a number of services sold in the pay-as-you-grow model, directly correlated with the number of orders or turnover generated through stores on the platform. | $12 | -13% | $328M | $329M | 5.5x | 15.7x | ||
| A2Z Cust2Mate Solutions Corp is engaged in creating shopping carts. With the help of a user-friendly smart algorithm, touch screen, and other technologies, the company streamlines the retail shopping experience by scanning purchased products and enabling in-cart payment so that customers can simply pick & go, and bypass long cashier checkout lines. | $7 | -34% | $301M | $247M | 31.2x | (12.4x) | ||
| Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company's solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction. Geographically, the company generates maximum revenue from the United Kingdom and the rest from the United States, Canada, and other regions. | $3 | -43% | $295M | $208M | 1.4x | (261.3x) | ||
| Softcreate Holdings Corp is engaged in the provision of comprehensive information technology related services. The company is focusing on the system integration business and cloud integration business. System Integration Business offers comprehensive solutions from system proposal to design and development, infrastructure environment construction. Cloud Integration Business offers various cloud services of IaaS/PaaS/SaaS based on its cloud service SCCloud. In addition, the company also dealing with servers, client PCs, various software from the customer's IT assets to peripheral supplies and supplies. | $10 | -- | $262M | $168M | 0.9x | 4.0x | ||
| Commerce.com Inc is engaged in offering Software-as-a-service (SaaS) e-commerce platform. The company's SaaS platform engages in the creation of online stores by delivering a combination of ease-of-use, enterprise functionality, and flexibility. It powers both the customers' branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale systems. The group operates in a single segment covering geographical areas of Americas-U.S.; Americas-other; EMEA; and APAC, of which majority of its revenue is generated from Americas-U.S. | $3 | -43% | $235M | $245M | 0.7x | 7.7x | ||
 | 91APP Inc is a software as a service company intended to provide shopping cart solutions for merchants. The company's platform offers advanced commerce solutions and marketing solutions that enable retail brands to penetrate the D2C (Direct-to-Consumer) e-commerce market and drive their operational benefits to their full potential, enabling clients with one-stop omnichannel retail solutions. | $2 | -23% | $227M | $145M | 2.5x | 6.6x | ||
| BASE Inc is engaged in the operation and development of web service planning. The company offers online shop opening service, shopping app, Fundraising Service, Online Payment Service, E-commerce website building platform, and ID Payment Service / Payment App. | $2 | -31% | $195M | $49M | 0.4x | 4.3x | ||
 | Platform Group AG is a dominant platform group in Europe and uses high-quality software solutions to connect partners with eCommerce. The company operates with software-based platform solutions that can be used universally in almost all sectors and industries. The company's operating segments include Consumer Goods, Freight Goods, Industrial Goods, and Service & Retail Goods. The company generates the majority of its revenue from the Consumer Goods segment. Geographically, the company generates the majority of its revenue from Germany, Austria, Switzerland and the Netherlands. | -- | -- | $135M | $272M | - | - | ||
| AudioEye Inc is a software solution provider delivering immediate ADA and WCAG accessibility compliance at scale. Through patented technology, subject matter expertise and proprietary processes, it is eradicating all barriers to digital accessibility, helping creators get accessible and supporting them with ongoing advisory and automated upkeep. Trusted by the ADP, Tommy Hilfiger, A360 Media, Samsung, Landry’s and others. It helps everyone identify and resolve issues of accessibility and enhance user experiences, automating digital accessibility for the widest audiences. | $7 | -38% | $91M | $99M | 2.5x | 10.9x | ||
| The Platform Group SE & Co KGaA is a dominant platform group in Europe and uses high-quality software solutions to connect partners with eCommerce. The company operates with software-based platform solutions that can be used universally in almost all sectors and industries. The company's operating segments include Consumer Goods, Freight Goods, Industrial Goods, and Service & Retail Goods. The company generates the majority of its revenue from the Consumer Goods segment. Geographically, the company generates the majority of its revenue from Germany, Austria, Switzerland and the Netherlands. | $3 | -- | $65M | $208M | 0.2x | 2.5x | ||
 | Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment. | $0 | -51% | $59M | $47M | 2.0x | 4.0x | ||
 | Litium AB develops, sells and delivers products and cloud services that help companies accelerate sales and strengthen customer relationships online. The company provides a solution to industries such as B2B, retail and E-Tailer. Company includes digital e-commerce platform for brands aspiring to online excellence. It empower companies in both B2B and B2C to drive sales of products, deliver excellent customer experiences and scale rapidly to all channels and all markets. | $1 | +7% | $26M | $24M | 2.6x | 13.0x | ||
| Intershop Communications AG is a provider of omnichannel commerce solutions. It offers packaged software for internet sales. The company also acts as a business process outsourcing provider. Its services include professional services, full-service e-commerce, and training. The business of the company operates through geographical segments that include Asia-Pacific, Europe, and the United States of America. Its Europe segment generates maximum revenue for the company. Intershop’s business activities are divided into the two main business segments Software and Cloud and Service. | $1 | -35% | $24M | $21M | 0.5x | 28.0x | ||
| NextPlat Corp is an e-commerce and healthcare company. Its e-commerce venues form an effective network serving thousands of consumers, enterprises, and governments. Its healthcare business is focused on improving the lives of patients with complex chronic diseases through patient and provider engagement and their partnerships with payors, pharmaceutical manufacturers, and distributors, offering a broad range of solutions to address the dispensing, delivery, dosing, and reimbursement of clinically intensive, high-cost drugs. The company operates in two segments: e-Commerce Operations involves acquiring and leasing an e-commerce platform; and Healthcare Operations provides TPA, data management, COVID-19 related diagnostics and vaccinations, prescription pharmaceuticals, and Others. | $8 | +951% | $21M | $12M | 0.2x | (1.3x) | ||
| CStore SA specializes in creating and selling proprietary software for automatically accepting online orders from wholesale customers. Its offered solution operates in the SaaS (Software as a Service) model, where the customers receive access to the full infrastructure - software, updates, server and technical support - as part of the subscription. The company generates revenue from three sources: Licenses and servers (SaaS); Service, customer service; and Dedicated projects. | $2 | -- | $20M | $20M | 8.7x | 33.6x | ||
 | Emova Group SAD is engaged in the retail business of flowers and related accessories. | $1 | -- | $17M | $35M | 1.1x | 4.2x | ||
| Infracommerce Caxaas SA is the largest full service company for digital businesses and works with the modular concept, bringing together platform, marketing, content, payment, logistics and SAC in three core competence cores: Omnichannel Platform, Marketing and Sales and Operations. | $0 | -97% | $16M | $104M | 0.7x | (4.6x) | ||
| Bridgeline Digital Inc is a AI-powered marketing technology company that offers a suite of products that help companies grow online revenue by driving more traffic to their websites, converting more visitors to purchasers, and increasing average order value. Company software is available through a cloud-based Software as a Service (SaaS) model. It helps to maximize the performance of critical websites, intranets, and online stores. The company generates revenue from digital engagement services, subscription, perpetual licenses, maintenance, and hosting. Geographically, it derives a majority of revenue from the United States. | $1 | -19% | $14M | $14M | 0.9x | (8.3x) | ||
 | QPR Software Oyj is a Finland-based company engaged in providing software and professional services to organizations. It provides solutions for execution, performance, and process management. In addition, it also provides solutions for process mining and enterprise architecture. The company's business segment is the Operational development of organizations. The group earns revenue from products and services which includes software license sales, software maintenance services, software rentals, and consulting, of which Software maintenance services and Cloud services product group earns majority of the group's revenue. It operates in Finland, and internationally of which key revenue is generated from Turkey. | $1 | -28% | $13M | $14M | 2.0x | 154.6x | ||
| Bridge Solutions Hub SA is a technology and marketing company. It creates applications on its own and invests in external projects at various stages of development, in the area of e-commerce, marketplace, and deep tech. It primarily focuses on a detailed analysis of goals, specifying the target group that is potential customers, and - after designing and implementing advertising measures - on analysis and continuous, ongoing optimization of the advertising campaign. | $5 | +41% | $8M | $6M | 0.8x | 3.6x | ||
| Planet B2B SA provides expertise, tools, and the latest technologies for wholesale e-commerce across all omnichannel sales channels. | $0 | -10% | $5M | $4M | 14.2x | 39.8x | ||
| Quarticon SA is a Poland-based technology company. It provides solutions to e-shops and the e-commerce industry by using modern technology based on artificial intelligence and machine learning algorithms. The company's product offer includes a recommendation engine, personalized banners, pop-ups, landing pages, and marketing automation. The development of QuarticOn is based on two business segments: Customer Data & Experience Platform (CDXP) and AI Fashion Stylist. | $0 | +3% | $292K | $588K | - | - | ||
| Rainmaker Systems Inc is a learning management solution provider to organizations of all size across the technology, financial services, biosciences, human resources, and consulting industries, among others. | -- | -- | $42K | $303K | - | - | ||
| Star8 Corp operates through its subsidiaries. It is a fully integrated coffee roaster that specializes in the sale and distribution of high-quality, freshly roasted coffee beans. Its products are sourced from all over the world, enabling the company to provide customers with a wide selection of coffees that are sure to suit all tastes. The company is passionate about coffee and takes pride in delivering the freshest and flavorful products available. | $0 | -- | $26K | $26K | - | - | ||
| Median | $3 | -18% | $262M | $218M | 1.2x | 7.7x |
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