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Coupang CPNG Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$8.8BMiss by $224.6MDiluted EPS-$0.01Miss by $0.04
Revenue estimate$9.1B
EPS estimate$0.03

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$8.8B+10.9%
Gross profit$2.5B+2.1%
Operating income$8.0M-97.4%

Balance sheet

See full
Cash & equivalents$6.4B+6.3%
Total debt$4.6B+26.7%
Total equity$4.6B+12.7%
Total assets$17.8B+15.9%

Cash flow

See full
Operating cash flow$82.0M-87.9%
CapEx$360.0M+68.2%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$43.09B+9.0%
Enterprise value$41.31B+11.2%
P/S1.2×-0.1×

Profitability

See full
Gross margin29.4%+0.2pp
Operating margin1.4%-0.1pp

Returns & leverage

See full
Debt / equity1×+0.1×
Current ratio1×-0.1×

Segments

By segment

See full
Product Commerce$7.4B+7.6%
Developing Offerings$1.4B+31.9%

By product

See full
Third-party merchant services$1.9B+14.6%
Other revenue$296.0M+17.0%

Versus estimates

Revenue

Q1 2026$8.5BBeat by $27.4M
Q4 2025$8.8BMiss by $224.6M
Q3 2025$9.3BBeat by $120.6MQ2 2025$8.5BBeat by $144.2MQ1 2025$7.9BMiss by $110.1MQ4 2024$8.0BMiss by $171.9M

Diluted EPS

Q1 2026-$0.15Miss by $0.06
Q4 2025-$0.01Miss by $0.04
Q3 2025$0.05Beat by $0.01Q2 2025$0.02Miss by $0.05Q1 2025$0.06Beat by $0.01Q4 2024$0.04Beat by $0.03

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Questions, answered.

When did Coupang report Q4 2025 earnings?
Coupang (CPNG) reported Q4 2025 earnings on February 26, 2026 after market close.
What were Coupang's Q4 2025 revenue and EPS?
Coupang reported revenue of $8.8B and diluted EPS of $-0.01 for Q4 2025.
Did Coupang beat estimates in Q4 2025?
Revenue missed the consensus estimate of $9.1B by $224.6M. EPS missed the consensus estimate of $0.03 by $0.04.
How did Coupang's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.9% from $8.0B a year earlier.
Where can I find Coupang's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001834584-26-000022) and the 10-K periodic report (0001834584-26-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.