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Coupang CPNG Q2 2025 earnings

Reported August 5, 2025 · After market close

Revenue estimate$8.4B
EPS estimate$0.07

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$9.1B
EPS estimate-$0.21

Financials

Q2 2025

Income statement

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Revenue$8.5B+16.4%
Gross profit$2.6B+19.6%
Operating income$149.0M+696%
Net income$32.0M+142%
EPS (diluted)$0.02+150%

Balance sheet

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Cash & equivalents$6.9B+18.9%
Total debt$4.4B+24.2%
Total equity$4.7B+21.5%
Total assets$17.8B+17.3%

Cash flow

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Operating cash flow$545.0M-17.9%
CapEx$299.0M+68.0%
Free cash flow$246.0M-49.4%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$52.56B+40.2%
Enterprise value$50.08B+42.1%
P/E144×+108×
P/S1.6×+0.3×

Profitability

See full
Gross margin29.9%+3.0pp
Operating margin2.2%+1.4pp
Net margin1.1%-2.7pp
FCF margin2.6%-3.0pp

Returns & leverage

See full
Return on equity8.5%-23.2pp
Debt / equity0.9×0.0×
Current ratio1.1×0.0×

Segments

By segment

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Product Commerce$7.3B+14.0%
Developing Offerings$1.2B+33.4%

By product

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Third-party merchant services$1.8B+27.7%
Other revenue$262.0M+54.1%

Versus estimates

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Questions, answered.

When did Coupang report Q2 2025 earnings?
Coupang (CPNG) reported Q2 2025 earnings on August 5, 2025 after market close.
What were Coupang's Q2 2025 revenue and EPS?
Coupang reported revenue of $8.5B and diluted EPS of $0.02 for Q2 2025.
Did Coupang beat estimates in Q2 2025?
Revenue beat the consensus estimate of $8.4B by $144.2M. EPS missed the consensus estimate of $0.07 by $0.05.
How did Coupang's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 16.4% from $7.3B a year earlier and diluted EPS declined 71.4% from $0.07.
Where can I find Coupang's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001834584-25-000158) directly on SEC EDGAR. The filing index links above go to sec.gov.