Two-Sided Marketplace

Platforms that match a supply side (sellers, hosts, drivers, merchants, service professionals) with a demand side (buyers, guests, riders, consumers) and monetize primarily through a transaction fee, commission, or service fee on the gross flow of value that the platform intermediates. The unit economics center on (a) the dollar value of the matched flow, (b) the percentage of that flow the platfo

Each company on its own headline number

TickerCompanyTheir metricPeriodYoYA year ago
OPLNOPENLANE, Inc.Commercial vehicle volumeFY2026-Q2+39.4%-8.8%
LPLALPL Financial Holdings Inc.Organic Net New AssetsFY2026-Q2+9.5%-27.6%
CARGCarGurus, Inc.U.S. average monthly unique usersFY2025-Q2+12.9%-5.3%
MELIMercadoLibre, Inc.Total Payment VolumeFY2026-Q2+56.3%+39.5%
EBAYeBay Inc.Gross Merchandise VolumeFY2026-Q2+14.9%+5.9%
XMTRXometry, Inc.Accounts with trailing twelve-month spend of at least $50,000FY2026-Q2+23.4%+15.1%
DASHDoorDash, Inc.Total OrdersFY2026-Q2+27.5%+19.8%
UBERUber Technologies, Inc.Gross BookingsFY2026-Q2+24.0%+17.1%
LYFTLyft, Inc.Active RidersFY2026-Q2+16.9%+10.1%
EXPEExpedia Group, Inc.Gross bookingsFY2026-Q2+11.5%+5.5%
ABNBAirbnb, Inc.Gross Booking ValueFY2026-Q2+15.7%+10.8%
TWTradeweb Markets Inc.Fully electronic U.S. high-grade TRACE shareFY2026-Q2+1.1 pts-0.9 pts
MKTXMarketAxess Holdings Inc.Total credit fixed-distribution feesFY2026-Q2+1.3%+1.4%
ETSYEtsy, Inc.Etsy Marketplace Take RateFY2026-Q2+1.9 pts+2.0 pts
BKNGBooking Holdings Inc.Room NightsFY2026-Q2+5.2%+7.7%
ZGZillow Group, Inc. Class AAverage monthly unique usersFY2026-Q2-1.6%+5.2%
CARTInstacart (Maplebear Inc.)OrdersFY2026-Q2+9.2%+16.8%

Where they use the same metric

  • Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization — reported by 9 of 43
  • Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization Margin — reported by 6 of 43
  • Gross Bookings — reported by 4 of 43
  • Free Cash Flow — reported by 4 of 43

A side-by-side appears only when three or more companies report the same metric in the same unit under their own definition. Companies are listed in value order, not ranked: whether a higher number is better is not asserted.

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