Amazon.com vs. Shopify: Comparing Revenue Trends and Scale for These E-Commerce Giants

Amazon dominates in absolute revenue scale with $181.5 billion in Q1 2026, while Shopify grows faster at 34% year-over-year compared to Amazon's 17%. Both companies show seasonal patterns with Q4 peaks. Amazon trades at a more attractive valuation (P/S ratio of 4 vs. Shopify's 13) and is investing heavily in proprietary AI infrastructure, while Shopify focuses on providing AI-enhanced tools to smaller merchants.