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Coupang $CPNG

Consumer Discretionary

Russell 1000 Washington

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$14.30

-0.04 (-0.28%)

As of Oct 20, 2026, 4:10 PM EDT · cached

Price history

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Coupang (CPNG) is trading down at $14.30 (-0.28%), as of the latest quote. It is a Russell 1000 constituent in the Consumer Discretionary sector.

IPO: March 11, 2021 · $35.00 offering · NYSE · View IPO details →

Coupang revenue & net income history (FY2019–FY2025)

RevenueNet incomeNet margin (right axis, %)

Coupang annual financial statements
	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$6.27B	$12.0B	$18.4B	$20.6B	$24.4B	$30.3B	$34.5B
Growth (year over year)	—	+90.8%	+53.8%	+11.8%	+18.5%	+24.1%	+14.1%
Gross profit	$1.03B	$1.99B	$2.95B	$4.71B	$6.19B	$8.83B	$10.1B
Gross margin	16.5%	16.6%	16.0%	22.9%	25.4%	29.2%	29.4%
Operating income	−$641.9M	−$516.0M	−$1.49B	−$112.0M	$473.0M	$436.0M	$473.0M
Operating margin	−10.2%	−4.3%	−8.1%	−0.5%	1.9%	1.4%	1.4%
Net income	−$696.9M	−$463.2M	−$1.54B	−$92.0M	$1.36B	$154.0M	$208.0M
Net margin	−11.1%	−3.9%	−8.4%	−0.4%	5.6%	0.5%	0.6%
EPS (diluted)	−$39.48	−$19.16	−$1.08	−$0.05	$0.75	$0.08	$0.11
Balance sheet
Cash and equivalents	$1.37B	$1.25B	$3.49B	$3.51B	$5.24B	$5.88B	$6.32B
Total assets	—	$5.07B	$8.64B	$9.51B	$13.3B	$15.3B	$17.8B
Total liabilities	—	$5.67B	$6.47B	$7.10B	$9.24B	$11.2B	$13.2B
Long-term debt	—	$353.3M	$283.2M	$538.0M	$529.0M	$988.0M	$648.0M
Shareholders' equity	−$3.53B	−$4.07B	$2.18B	$2.41B	$4.09B	$4.10B	$4.62B
Cash flow
Operating cash flow	−$311.8M	$301.6M	−$411.0M	$565.0M	$2.65B	$1.89B	$1.77B
Capital expenditure	$217.8M	$484.6M	$674.0M	$824.0M	$896.0M	$879.0M	$1.25B
Free cash flow	−$529.7M	−$183.1M	−$1.08B	−$259.0M	$1.76B	$1.01B	$522.0M
Share buybacks	—	—	—	$0	$0	$178.0M	$243.0M

RevenueNet incomeNet margin (right axis, %)

Coupang quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$7.87B	$7.96B	$7.91B	$8.52B	$9.27B	$8.84B	$8.50B	$8.86B
Growth (year over year)	+27.2%	+21.4%	+11.2%	+16.4%	+17.8%	+10.9%	+7.5%	+3.9%
Gross profit	$2.27B	$2.49B	$2.32B	$2.56B	$2.72B	$2.54B	$2.30B	$2.49B
Gross margin	28.8%	31.3%	29.3%	30.0%	29.4%	28.8%	27.0%	28.2%
Operating income	$109.0M	$312.0M	$154.0M	$149.0M	$162.0M	$8.00M	−$242.0M	−$556.0M
Operating margin	1.4%	3.9%	1.9%	1.7%	1.7%	0.1%	−2.8%	−6.3%
Net income	$70.0M	$156.0M	$107.0M	$32.0M	$95.0M	−$26.0M	−$266.0M	−$570.0M
Net margin	0.9%	2.0%	1.4%	0.4%	1.0%	−0.3%	−3.1%	−6.4%
EPS (diluted)	$0.04	$0.08	$0.06	$0.02	$0.05	−$0.02	−$0.15	−$0.32
Balance sheet
Cash and equivalents	$5.82B	$5.88B	$6.11B	$6.80B	$7.23B	$6.32B	$6.30B	$6.11B
Total assets	$16.3B	$15.3B	$16.0B	$17.8B	$18.7B	$17.8B	$17.4B	$17.4B
Total liabilities	$12.1B	$11.2B	$11.6B	$13.1B	$13.9B	$13.2B	$13.5B	$14.4B
Long-term debt	—	$988.0M	—	—	—	$648.0M	$617.0M	$618.0M
Shareholders' equity	$4.19B	$4.10B	$4.37B	$4.68B	$4.74B	$4.62B	$3.93B	$2.99B
Cash flow
Operating cash flow	$334.0M	$676.0M	$354.0M	$545.0M	$792.0M	$82.0M	$184.0M	$367.0M
Capital expenditure	$380.0M	$214.0M	$239.0M	$299.0M	$353.0M	$360.0M	$296.0M	$317.0M
Free cash flow	−$46.0M	$462.0M	$115.0M	$246.0M	$439.0M	−$278.0M	−$112.0M	$50.0M
Share buybacks	$0	$0	$0	$0	$81.0M	$162.0M	$391.0M	$459.0M

From Coupang's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Coupang

Coupang, Inc. is an American online retail and technology company headquartered in Seattle, Washington, operating primarily in South Korea and Taiwan. Founded in South Korea in 2010 by Bom Kim and listed on the Fortune 500 as of 2025, Coupang operates an internet retail business, food delivery service, and OTT streaming service. Originally headquartered in Seoul, South Korea, Coupang has offices in South Korea, Taiwan, the United States, India, Japan and Singapore.

Source: Wikipedia — Coupang