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 Q1. Today, we are looking at e-commerce software stocks, starting with Wix (NASDAQ: WIX).

While e-commerce has been around for over two decades and enjoyed meaningful growth, its overall penetration of retail still remains low. Only around $1 in every $5 spent on retail purchases comes from digital orders, leaving over 80% of the retail market still ripe for online disruption. It is these large swathes of the retail where e-commerce has not yet taken hold that drives the demand for various e-commerce software solutions.

The 4 e-commerce software stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 15.4% since the latest earnings results.

Weakest Q1: Wix (NASDAQ: WIX)

Powering over 263 million registered users worldwide with its AI-driven tools, Wix (NASDAQ: WIX) provides a cloud-based platform that helps individuals and businesses create and manage professional websites without requiring coding skills.

Wix reported revenues of $541.2 million, up 14.3% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with revenue and billings in line with analysts’ estimates.

“As innovation in the web and app building space has accelerated over the past few quarters, my conviction in its long-term value and Wix’s market positioning remains strong,” said Avishai Abrahami, Wix Co-founder and CEO.

Wix delivered the weakest performance against analyst estimates of the whole group. The market seems disappointed with the results as the stock is down 40.4% since reporting and currently trades at $45.25.

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

Best Q1: Commerce (NASDAQ: CMRC)

As a founding member of the MACH Alliance advocating for modern tech standards, Commerce (NASDAQ: CMRC) provides a SaaS platform that enables businesses to build and manage online stores, connect with marketplaces, and integrate with point-of-sale systems.

Commerce reported revenues of $86.84 million, up 5.4% year on year, outperforming analysts’ expectations by 4.6%. The business had a strong quarter with a solid beat of analysts’ billings and EBITDA estimates.

Commerce scored the biggest analyst estimate beat and highest full-year guidance raise among its peers. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $2.86.

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

GoDaddy (NYSE: GDDY)

Known for its memorable Super Bowl commercials that put it on the map, GoDaddy (NYSE: GDDY) is a domain registrar and web services provider that helps entrepreneurs establish an online presence through domain registration, website building, hosting, and e-commerce tools.

GoDaddy reported revenues of $1.27 billion, up 6.1% year on year, in line with analysts’ expectations. It was a mixed quarter as it posted a decent beat of analysts’ EBITDA estimates but a slight miss of analysts’ annual recurring revenue estimates.

GoDaddy delivered the weakest full-year guidance update in the group. As expected, the stock is down 9.2% since the results and currently trades at $78.85.

Read our full analysis of GoDaddy’s results here.

Shopify (NASDAQ: SHOP)

Starting with just three people selling snowboards online in 2004, Shopify (NASDAQ: SHOP) provides a comprehensive platform that enables merchants of all sizes to create, manage and grow their businesses across multiple sales channels.

Shopify reported revenues of $3.17 billion, up 34.3% year on year. This number topped analysts’ expectations by 2.5%. Zooming out, it was a satisfactory quarter as it also logged an impressive beat of analysts’ gross merchandise volume estimates and revenue guidance for next quarter meeting analysts’ expectations.

Shopify achieved the fastest revenue growth among its peers. The stock is down 11.4% since reporting and currently trades at $113.06.

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

Market Update

Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

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