What is Coupang's capex?

Coupang (CPNG) reported capex of $296M in Q1 2026.

How has Coupang's capex changed year-over-year?

Coupang's capex increased by 23.8% year-over-year, from $239M to $296M.

What is the long-term trend for Coupang's capex?

Over 4 years (2021 to 2025), Coupang's capex has grown at a 16.7% compound annual growth rate (CAGR), from $674M to $1.25B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Coupang CPNG CapEx

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Other financials

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%

Free cash flow-$112.0M-197%

Valuation

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Market cap$31.18B-38.4%

Enterprise value$30.19B-37.4%

P/S0.9×-0.7×

Profitability

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Gross margin28.8%-0.9pp

Operating margin0.2%-1.6pp

Net margin1.2%-2.4pp

FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp

Debt / equity1.4×+0.4×

Current ratio1×-0.2×

Where this comes from

Reported directly by Coupang in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Coupang’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coupang's capex?: Coupang (CPNG) reported capex of $296M in Q1 2026.
How has Coupang's capex changed year-over-year?: Coupang's capex increased by 23.8% year-over-year, from $239M to $296M.
What is the long-term trend for Coupang's capex?: Over 4 years (2021 to 2025), Coupang's capex has grown at a 16.7% compound annual growth rate (CAGR), from $674M to $1.25B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.