Product Commerce — Cost of Sales
Coupang Product Commerce — Cost of Sales decreased by 0.9% to $5.00B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.0%, from $4.72B to $5.00B. Over 3 years (FY 2022 to FY 2025), Product Commerce — Cost of Sales shows an upward trend with a 9.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression due to rising supply chain costs or inventory inefficiencies, while a decrease relative to revenue indicates improved procurement or operational leverage.
Detailed definition
This metric captures the direct costs associated with producing or acquiring the goods sold within the core commerce seg...
Peer comparison
Comparable to 'Cost of Goods Sold' (COGS) for the retail segment of peer e-commerce or brick-and-mortar companies.
cpng_segment_product_commerce_cost_of_salesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.82B | $3.82B | $3.82B | $3.82B | $4.33B | $4.33B | $4.33B | $4.33B | $4.66B | $4.48B | $4.82B | $4.63B | $4.72B | $4.94B | $5.42B | $5.05B | $5.00B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +13.3% | +0.0% | +0.0% | +0.0% | +7.6% | -3.8% | +7.6% | -4.0% | +1.9% | +4.8% | +9.5% | -6.8% | -0.9% |
| YoY Change | — | — | — | — | +13.3% | +13.3% | +13.3% | +13.3% | +7.6% | +3.5% | +11.4% | +7.0% | +1.3% | +10.3% | +12.3% | +9.0% | +6.0% |
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Frequently Asked Questions
- What is Coupang's product commerce — cost of sales?
- Coupang (CPNG) reported product commerce — cost of sales of $5.00B in Q1 2026.
- How has Coupang's product commerce — cost of sales changed year-over-year?
- Coupang's product commerce — cost of sales increased by 6.0% year-over-year, from $4.72B to $5.00B.
- What is the long-term trend for Coupang's product commerce — cost of sales?
- Over 3 years (2022 to 2025), Coupang's product commerce — cost of sales has grown at a 9.6% compound annual growth rate (CAGR), from $15.28B to $20.13B.
- What does product commerce — cost of sales mean?
- The direct costs incurred to acquire or produce the goods sold in the core retail segment.