Tops Company & Revenue
Revenue (GMV)
Global Rank
Conversion Rate
Average Order Value
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The values shown here refer to the retailer's largest online store. Aggregated total figures and values for other stores can be found in our tool.
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Tops Revenue & Turnover
Tops Annual Revenue & Growth by Year
Tops's annual sales on its online store tops.co.th amounted to US$26m in 2024. This represents a change of 20-25% from the previous year. Tops's largest online store is expected to see a growth rate of 0-5% in 2025 compared to 2024, indicating a projected shift in performance.
Annual Revenue (GMV)
Annual Growth Forecast
eCommerce Revenue (GMV in Million US$)
Note: This chart is based on the GMV of the online store. Click here to learn more about our methodology and the available drilldown at ECDB.
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Tops Monthly Sales & Revenue Development
Retailers follow monthly revenue patterns, which depend on annual events, consumer habits, and economic conditions. In the case of Tops, revenues in July of 2025 were US$2m on its domain tops.co.th. This marks a change in monthly revenues of <0% from June.
Revenue Current Month (GMV)
Growth from Previous Month
Monthly eCommerce Revenue (GMV in Million US$)
Note: This chart is based on the GMV of the online store. Click here to learn more about our methodology and the available drilldown at ECDB.
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Tops Sales by Country & Market Shares
Tops's main market is Thailand, where its main online store, tops.co.th, generated 100% of revenues in 2024. Tops engages in markets that support its strategic objectives, whether through domestic focus or cross-border expansion.
Market Shares by Country
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Tops Revenue Split by Product Categories
Tops sales by product category provide a deeper look into its income structure. Tops's most significant category is Grocery, which accounts for 64% of total sales in 2024 at its largest online store, tops.co.th. The analysis of sales by category provides a clearer picture of how different segments contribute to overall performance.
Revenue Breakdown by Category
Grocery (64%)
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Tops Marketplace Sales: 1st & 3rd Party GMV
1P vs 3P Revenue/Sales
Tops's marketplace sales are illustrated by its GMV development. A distinction is made between 1P (first-party) and 3P (third-party) sales, where Tops either acts as the seller (1P) or distributes products from other sellers (3P). In 2024, Tops's' 1P sales contributed 100% to total GMV, while the 3P GMV accounted for 0%.
3P Share
3P Share Forecast
20251P/3P Revenue/Sales Split
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Tops Financial Analysis: Earnings, Net Worth, Profits
Regularly updated figures from Tops's latest annual report provide us with the company's financial figures that are indicative of its business performance and outlook. In 2024, Tops's gross profit was US$1,953m, while its operating profit was US$452m.
Gross Profit
Operating Profit
Net Income
2024Earnings per Share
2024Total Assets
2024Total Equity
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Tops Number of Employees
Tops had a headcount of 58,200 in 2024. Meanwhile approximately US$0.1m was generated per employee in 2024
Revenue per Employee (in Million US$)
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Tops Top Stores
Tops's flagship domain tops.co.th generated revenues of US$26m in 2024. Forecasts expect a revenue change of 0-5% in the coming year.
Top Online Stores by GMV (in Million US$)
tops.co.thIdentify Top Stores with Full Revenue Breakdown
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| Position | Store | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| 1. | tops.co.th Central Retail Corporation Public Co., Ltd. | 26 |
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Note: This ranking is based on GMV. Click here to learn more about our methodology and the drilldown available at ECDB.
Tops Competitor Analysis & Similar Stores
7eleven.co.th is the closest competitor to Tops's largest online store tops.co.th, with a similarity score of 95.0% in 2024. watsons.co.th is another key store with a high similarity score of 90.1%. This competitor analysis provides a concise overview of comparable online stores for market performance benchmarking.
Top Competitors and Similar Stores
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Tops Transaction KPIs: Conversion Rate, Average Order Value
Analyzing transactions on Tops's largest online store tops.co.th reveals key metrics like conversion rate, average order value, discount rate, and return rate. The store's conversion rate reached 3.5-4.0% in 2024, offering insight into user behavior.
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Average Order Value
Return Rate
Discount Rate
Tops Payment, Shipping and Shop Software Provider Landscape
Payment and shipping options have a major impact on customer satisfaction. In the case of Tops, the payment providers VISA (Cards), Mastercard (Cards) and JCB (Cards) are available at its largest online store, tops.co.th. Shipping providers, on the other hand, vary significantly depending on the market. Overall, tops.co.th offers Self-collection / Click & collect.
Payment Provider
Shipping Provider
Shop Software
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