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Shopify and Amazon report strong earnings, highlighting different growth models in commerce and AI investment.

Company Fundamentals
19 May 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Shopify reported Q4 2025 revenue up 30.6% YoY with strong growth in merchant solutions and B2B sales, while Amazon's Q1 2026 revenue rose 16.6% YoY, driven by a 28% growth in AWS and a booming ad business. Shopify focuses on empowering independent merchants with software and AI tools, showing robust cash flow and initiating its first buyback. Amazon invests heavily in infrastructure and AI chips, betting on long-term returns despite high capital spending. Investors will watch Shopify's merchant growth amid tariff pressures and Amazon's AWS margins and ad resilience to gauge which model delivers sustainable profits.

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