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Coupang CPNG Net retail sales — Total net revenues

Other product segments

Third-party merchant services
$1.77B+13.1%
Other revenue
$261M+1.2%

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

Valuation

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Market cap$31.56B-40.0%
Enterprise value$30.56B-39.0%
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 ratio-0.2×

Where this comes from

Reported directly by Coupang in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 net retail sales — total net revenues?
Coupang (CPNG) reported net retail sales — total net revenues of $6.48B in Q1 2026.
How has Coupang's net retail sales — total net revenues changed year-over-year?
Coupang's net retail sales — total net revenues increased by 6.4% year-over-year, from $6.09B to $6.48B.
What is the long-term trend for Coupang's net retail sales — total net revenues?
Over 4 years (2021 to 2025), Coupang's net retail sales — total net revenues has grown at a 12.4% compound annual growth rate (CAGR), from $16.49B to $26.31B.
What does net retail sales — total net revenues mean?
This metric represents the total gross revenue generated from the company's core e-commerce retail operations, encompassing both direct-to-consumer sales of owned inventory and marketplace transactions. It serves as the primary indicator of the scale and market penetration of the company's main product commerce business segment. This figure reflects the aggregate value of goods sold to customers before accounting for cost of goods sold or operating expenses.