Product Commerce — Gross Profit
Coupang Product Commerce — Gross Profit decreased by 7.9% to $2.17B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.1%, from $2.15B to $2.17B. Over 3 years (FY 2022 to FY 2025), Product Commerce — Gross Profit shows an upward trend with a 26.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher gross profit indicates strong pricing power and efficient inventory management, while declining margins suggest competitive pricing pressure or rising logistics costs.
Detailed definition
This metric represents the difference between total net revenues and the cost of sales for the core commerce segment. It...
Peer comparison
Comparable to 'Segment Gross Profit' reported by large-scale retail and e-commerce enterprises.
cpng_segment_product_commerce_gross_profitHistorical 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 | $1.17B | $1.17B | $1.17B | $1.17B | $1.57B | $1.57B | $1.57B | $1.57B | $1.84B | $1.95B | $2.07B | $2.25B | $2.15B | $2.39B | $2.56B | $2.36B | $2.17B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +34.4% | +0.0% | +0.0% | +0.0% | +16.9% | +6.2% | +6.1% | +8.8% | -4.4% | +11.1% | +7.3% | -7.9% | -7.9% |
| YoY Change | — | — | — | — | +34.4% | +34.4% | +34.4% | +34.4% | +16.9% | +24.2% | +31.7% | +43.3% | +17.2% | +22.6% | +24.0% | +4.9% | +1.1% |
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Frequently Asked Questions
- What is Coupang's product commerce — gross profit?
- Coupang (CPNG) reported product commerce — gross profit of $2.17B in Q1 2026.
- How has Coupang's product commerce — gross profit changed year-over-year?
- Coupang's product commerce — gross profit increased by 1.1% year-over-year, from $2.15B to $2.17B.
- What is the long-term trend for Coupang's product commerce — gross profit?
- Over 3 years (2022 to 2025), Coupang's product commerce — gross profit has grown at a 26.5% compound annual growth rate (CAGR), from $4.68B to $9.47B.
- What does product commerce — gross profit mean?
- The profit remaining from retail sales after subtracting the direct costs of the goods sold.