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Side-by-side financial comparison of Ameriprise Financial (AMP) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
Ameriprise Financial is the larger business by last-quarter revenue ($4.9B vs $3.7B, roughly 1.3× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 18.7%, a 1.5% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 9.0%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 5.5%).
Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-di...
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
AMP vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $3.7B |
| Net Profit | $915.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | — | 17.2% |
| Net Margin | 18.7% | 20.2% |
| Revenue YoY | 9.0% | 30.6% |
| Net Profit YoY | 57.0% | -42.5% |
| EPS (diluted) | — | $0.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $4.9B | — | ||
| Q4 25 | $5.0B | $3.7B | ||
| Q3 25 | $4.9B | $2.8B | ||
| Q2 25 | $4.5B | $2.7B | ||
| Q1 25 | $4.5B | $2.4B | ||
| Q4 24 | $4.6B | $2.8B | ||
| Q3 24 | $4.6B | $2.2B | ||
| Q2 24 | $4.4B | $2.0B |
| Q1 26 | $915.0M | — | ||
| Q4 25 | $1.0B | $743.0M | ||
| Q3 25 | $912.0M | $264.0M | ||
| Q2 25 | $1.1B | $906.0M | ||
| Q1 25 | $583.0M | $-682.0M | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $511.0M | $828.0M | ||
| Q2 24 | $829.0M | $171.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% |
| Q1 26 | — | — | ||
| Q4 25 | 25.6% | 17.2% | ||
| Q3 25 | 24.0% | 12.1% | ||
| Q2 25 | 30.1% | 10.9% | ||
| Q1 25 | 15.3% | 8.6% | ||
| Q4 24 | 29.1% | 16.5% | ||
| Q3 24 | 14.1% | 13.1% | ||
| Q2 24 | 23.9% | 11.8% |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 20.0% | 20.2% | ||
| Q3 25 | 18.6% | 9.3% | ||
| Q2 25 | 23.6% | 33.8% | ||
| Q1 25 | 13.0% | -28.9% | ||
| Q4 24 | 23.0% | 46.0% | ||
| Q3 24 | 11.2% | 38.3% | ||
| Q2 24 | 18.9% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | $10.39 | $0.58 | ||
| Q3 25 | $9.33 | $0.20 | ||
| Q2 25 | $10.73 | $0.69 | ||
| Q1 25 | $5.83 | $-0.53 | ||
| Q4 24 | $10.57 | $0.99 | ||
| Q3 24 | $5.00 | $0.64 | ||
| Q2 24 | $8.02 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.3B | $5.8B |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $355.9B | $13.5B |
| Total Assets | $184.4B | $15.2B |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $8.3B | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $355.9B | — | ||
| Q4 25 | $6.5B | $13.5B | ||
| Q3 25 | $6.5B | $12.5B | ||
| Q2 25 | $6.1B | $12.1B | ||
| Q1 25 | $5.4B | $11.1B | ||
| Q4 24 | $5.2B | $11.6B | ||
| Q3 24 | $5.7B | $10.1B | ||
| Q2 24 | $5.0B | $9.2B |
| Q1 26 | $184.4B | — | ||
| Q4 25 | $190.9B | $15.2B | ||
| Q3 25 | $190.1B | $15.0B | ||
| Q2 25 | $184.9B | $14.6B | ||
| Q1 25 | $179.1B | $13.4B | ||
| Q4 24 | $181.4B | $13.9B | ||
| Q3 24 | $186.0B | — | ||
| Q2 24 | $179.7B | — |
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $725.0M | ||
| Q3 25 | $2.2B | $513.0M | ||
| Q2 25 | $1.8B | $428.0M | ||
| Q1 25 | $1.7B | $367.0M | ||
| Q4 24 | $383.0M | $615.0M | ||
| Q3 24 | $3.0B | $423.0M | ||
| Q2 24 | $1.7B | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $715.0M | ||
| Q3 25 | $2.2B | $507.0M | ||
| Q2 25 | $1.7B | $422.0M | ||
| Q1 25 | $1.6B | $363.0M | ||
| Q4 24 | $325.0M | $611.0M | ||
| Q3 24 | $3.0B | $421.0M | ||
| Q2 24 | $1.7B | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | 52.0% | 19.5% | ||
| Q3 25 | 44.1% | 17.8% | ||
| Q2 25 | 38.4% | 15.7% | ||
| Q1 25 | 36.8% | 15.4% | ||
| Q4 24 | 7.0% | 21.7% | ||
| Q3 24 | 65.8% | 19.5% | ||
| Q2 24 | 38.8% | 16.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 0.3% | ||
| Q3 25 | 0.9% | 0.2% | ||
| Q2 25 | 0.8% | 0.2% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 1.2% | 0.1% | ||
| Q3 24 | 1.1% | 0.1% | ||
| Q2 24 | 0.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.65× | 0.98× | ||
| Q3 25 | 2.42× | 1.94× | ||
| Q2 25 | 1.66× | 0.47× | ||
| Q1 25 | 2.89× | — | ||
| Q4 24 | 0.36× | 0.48× | ||
| Q3 24 | 5.96× | 0.51× | ||
| Q2 24 | 2.07× | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMP
| Management and financial advice fees | $2.9B | 60% |
| Other | $872.0M | 18% |
| Distribution fees | $563.0M | 12% |
| Premiums, policy and contract charges | $341.0M | 7% |
| Other revenues | $166.0M | 3% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
