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Coupang CPNG Q3 2025 earnings

Reported November 4, 2025 · After market close

Revenue$9.3BBeat by $120.6M
EPS$0.05Beat by $0.01
Revenue estimate$9.1B
EPS estimate$0.04

Next report

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

Financials

Q3 2025

Income statement

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Revenue$9.3B+17.8%
Gross profit$2.7B+19.9%
Operating income$162.0M+48.6%
Net income$95.0M+35.7%
EPS (diluted)$0.05+25.0%

Balance sheet

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Cash & equivalents$7.3B+22.8%
Total debt$4.9B+23.8%
Total equity$4.7B+13.1%
Total assets$18.7B+14.2%

Cash flow

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Operating cash flow$792.0M+137%
CapEx$353.0M-7.1%
Free cash flow$439.0M—

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$58.7B+33.2%
Enterprise value$56.33B+33.8%
P/E150.5×+108×
P/S1.7×+0.2×

Profitability

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Gross margin30%+2.2pp
Operating margin2.3%+1.4pp
Net margin1.2%-2.4pp
FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Debt / equity1×+0.1×
Current ratio1.1×-0.1×

Segments

By segment

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Product Commerce$8.0B+15.8%
Developing Offerings$1.3B+32.0%

By product

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Third-party merchant services$1.9B+26.3%
Other revenue$293.0M+29.1%

FAQ

When did Coupang report Q3 2025 earnings?
Coupang (CPNG) reported Q3 2025 earnings on November 4, 2025 after market close.
What were Coupang's Q3 2025 revenue and EPS?
Coupang reported revenue of $9.3B and eps of $0.05 for Q3 2025.
Did Coupang beat estimates in Q3 2025?
Revenue beat the consensus estimate of $9.1B by $120.6M. EPS beat the consensus estimate of $0.04 by $0.01.
How did Coupang's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 17.8% from $7.9B a year earlier and eps declined 16.7% from $0.06.
Where can I find Coupang's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001834584-25-000183) and the 10-Q periodic report (0001834584-25-000185) directly on SEC EDGAR. The filing index links above go to sec.gov.