DoorDash vs. Shopify: Which E-Commerce Stock Has an Edge Now?

Core Insights - DoorDash (DASH) and Shopify (SHOP) are significant players in the e-commerce sector, with DASH leading in food delivery and expanding grocery services, while SHOP enhances its e-commerce presence through user-friendly tools and a vast app marketplace [1][2] Group 1: DoorDash (DASH) - DoorDash is experiencing growth due to increasing consumer demand for e-commerce and local delivery services, resulting in a notable rise in its e-commerce growth [3] - The company is investing in expanding its partner base for express grocery delivery, which strengthens its position in the on-demand delivery market [4] - In Q3 2025, total orders rose 21% year over year to 776 million, and Marketplace Gross Order Value (GOV) increased 25% year over year to $25 billion, indicating strong demand [5] - DoorDash's expansion into new verticals such as grocery, convenience, alcohol, and retail is a major contributor to its e-commerce growth [6] - For Q4 2025, DoorDash anticipates Marketplace GOV to be between $28.9 billion and $29.5 billion, highlighting its growth trajectory [7] Group 2: Shopify (SHOP) - Shopify is benefiting from a robust increase in its merchant base, with merchant solutions revenues in Q3 reaching $2.15 billion, accounting for 75.4% of total revenues [8] - The company is leveraging AI to enhance commerce, with its AI tool Sidekick adopted by over 750,000 shops, facilitating nearly 100 million conversations with merchants [9] - Shopify is attracting large enterprise brands like Estee Lauder and Michael Kors, which strengthens its position in the e-commerce market [10] - Over the past six months, Shopify's shares have risen 54.2%, outperforming DASH's 1.7% increase, driven by strong growth in its merchant and enterprise customer base [12][11] Group 3: Market Outlook - The e-commerce market size is projected to grow from $31.22 trillion in 2025 to $73.47 trillion by 2030, with a compound annual growth rate of 18.67%, benefiting both DoorDash and Shopify [2] - Shopify is expected to have a stronger upside due to its diversified merchant ecosystem and increasing enterprise adoption, with Q4 2025 revenues anticipated to grow at a mid-to-high twenties percentage rate year over year [21] - The Zacks Consensus Estimate for DASH's 2025 earnings is $2.22 per share, reflecting a 665.52% year-over-year increase, while SHOP's estimate is $1.45 per share, indicating an 11.54% increase year over year [18]