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Coupang CPNG Q1 2026 earnings

Reported May 5, 2026 · After market close

Revenue$8.5BBeat by $27.4M
EPS-$0.15Miss by $0.06
Revenue estimate$8.5B
EPS estimate-$0.09

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$9.8B
EPS estimate-$0.06

Financials

Q1 2026

Income statement

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Revenue$8.5B+7.5%
Gross profit$2.3B-0.8%
Operating income-$242.0M-257%
Net income-$266.0M-349%
EPS (diluted)-$0.15-350%

Balance sheet

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Cash & equivalents$6.4B+3.1%
Total debt$5.4B+32.3%
Total equity$3.9B-10.2%
Total assets$17.4B+8.8%

Cash flow

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Operating cash flow$184.0M-48.0%
CapEx$296.0M+23.8%
Free cash flow-$112.0M-197%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$34.52B-12.8%
Enterprise value$33.52B-10.5%
P/S1×-0.3×

Profitability

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Gross margin28.8%-0.9pp
Operating margin0.2%-1.6pp

Returns & leverage

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Debt / equity1.4×+0.4×
Current ratio1×-0.2×

Segments

By segment

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Product Commerce$7.2B+4.5%
Developing Offerings$1.3B+27.9%

By product

See full
Third-party merchant services$1.8B+13.1%
Other revenue$261.0M+1.2%

FAQ

When did Coupang report Q1 2026 earnings?
Coupang (CPNG) reported Q1 2026 earnings on May 5, 2026 after market close.
What were Coupang's Q1 2026 revenue and EPS?
Coupang reported revenue of $8.5B and eps of $-0.15 for Q1 2026.
Did Coupang beat estimates in Q1 2026?
Revenue beat the consensus estimate of $8.5B by $27.4M. EPS missed the consensus estimate of $-0.09 by $0.06.
How did Coupang's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.5% from $7.9B a year earlier.
Where can I find Coupang's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001834584-26-000039) and the 10-Q periodic report (0001834584-26-000042) directly on SEC EDGAR. The filing index links above go to sec.gov.