Shopify and Amazon Report Strong Earnings, Highlighting Divergent Business Models
Shopify reported Q4 revenue growth of 30.6% to $3.67 billion with B2B GMV nearly doubling at +96%, while Amazon delivered strong results in its first quarter of fiscal year 2026, including AWS growing by 28%. Shopify's model focuses on empowering independent merchants through software and payments tools, whereas Amazon is expanding control over the full commerce stack.
Topics: Amazon Business Models Earnings Reports Shopify