Shopify (SHOP) and Amazon (AMZN) are significant players in the e-commerce sector, with the market projected to reach $10.19 trillion by 2025 and $21.22 trillion by 2030, experiencing a compound annual growth rate of 15.8% from 2025-2030, according to Mordor Intelligence. In Q1 2025, Shopify reported $1.74 billion in Merchant Solutions revenues, making up 73.7% of its total revenue, while Amazon expanded its product offerings and set record delivery speeds for Prime members during the same period.
Year-to-date, Shopify shares have gained 4.8%, while Amazon’s shares have seen a decline of 2.7%. In Q1 2025, Amazon’s grocery sales generated more than $100 billion, indicating its strong position as a leading grocer in the U.S. Shopify’s key tool, Shop Pay, processed $22 billion in Gross Merchandise Value, reflecting a 57% year-over-year increase.
The Zacks Consensus Estimate for Shopify’s earnings in 2025 is $1.40 per share, down 3.4% in the last 30 days, while Amazon’s estimate is $6.31 per share, up by a penny. Both companies are currently rated with a Zacks Rank of #3 (Hold).
