Amazon Com vs Shopify (AMZN vs SHOP)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Amazon Com is the larger company by revenue ($716.9B vs $11.6B) and market value ($2.8T vs $213.4B). Shopify has grown revenue faster over the last 4 fiscal years (+150.6% cumulative vs +52.6%). Shopify runs the higher operating margin (12.7% vs 11.2%). Amazon Com trades at the lower trailing P/E (20.2x vs 108.2x).
About Amazon Com
Amazon.com Inc operates as a global e-commerce and cloud computing company. It serves consumers through online and physical stores offering a wide range of products, manufactures electronic devices, and provides subscription services like Amazon Prime. The company also offers cloud computing services through Amazon Web Services to developers and enterprises, and provides platforms for sellers, content creators, and advertisers.
About Shopify
Shopify Inc. provides an all-in-one internet commerce platform that helps businesses start, run, and grow by enabling sales online, in physical stores, and across multiple channels. Its platform offers tools for managing inventory, marketing, payments, shipping, and customer relationships, serving millions of merchants worldwide across various retail verticals. Shopify generates revenue through subscription plans and merchant solutions such as payment processing, lending, and shipping services.
Head to head (AMZN FY2025 vs SHOP FY2025)
| Metric | AMZNFY2025 | SHOPFY2025 |
|---|---|---|
| Revenue | $716.92B | $11.56B |
| Revenue growth (YoY) | 12.4% | 30.1% |
| Gross margin | 50.3% | 48.1% |
| Operating margin | 11.2% | 12.7% |
| Net margin | 10.8% | 10.7% |
| Net income | $77.67B | $1.23B |
| Diluted EPS | $7.17 | $0.94 |
| FCF margin | 1.1% | 17.4% |
| ROE | 18.9% | 9.1% |
| Long-term debt / equity | 0.16× | — |
| Market cap | $2.76T | $213.39B |
| P/E | 20.2× | 108.2× |
Fundamentals are from each company’s SEC filings (AMZN FY2025, SHOP FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| AMZN | $469.82B | $513.98B | $574.78B | $637.96B | $716.92B |
| SHOP | $4.61B | $5.60B | $7.06B | $8.88B | $11.56B |
Peer standing
These companies are ranked against different peer groups (Amazon Com vs 403 Consumer Discretionary companies; Shopify vs 331 software companies), so each is shown against its own peers rather than on one scale.
Amazon Com
No standout rankings: Amazon Com sits mid-distribution on most reported metrics.
Shopify
Shopify’s P/E of 108.2 ranks in the 93rd percentile of the 169 peers with a meaningful P/E. Shopify’s revenue growth of +30.1% ranks in the 85th percentile of the 324 software companies reporting it.
Short interest
| FINRA settlement data | AMZN | SHOP |
|---|---|---|
| Shares sold short | 81.4M | 16.4M |
| Change vs prior settlement | -11.5% | -11.1% |
| Days to cover | 2.77 | 1.80 |
| As of settlement | 2026-09-15 | 2026-09-15 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | AMZN | SHOP |
|---|---|---|
| Buys | 0 | — |
| Sells | 27 ($365.0M) | — |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
10 tracked 13F managers hold both Amazon Com and Shopify as of their latest quarterly filings: AQR Capital Management, ARK Investment Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Markel Group, Millennium Management, Polen Capital Management, Sands Capital Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.