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Coupang CPNG Gross margin

Gross margin at other companies

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50.8%+1.2pp
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KRT
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Amcon Distributing Co.DIT
6.5%-0.2pp

Other financials

Income statement

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Revenue$8.9B+3.9%
Gross profit$2.5B-2.6%
Operating income-$556.0M-473%
Net income-$570.0M-1,881%
EPS (diluted)-$0.32-1,700%

Balance sheet

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Cash & equivalents$6.1B-11.3%
Total debt$5.6B+27.7%
Total equity$3.0B-36.2%
Total assets$17.4B-2.5%

Cash flow

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Operating cash flow$367.0M-32.7%
CapEx$317.0M+6.0%
Free cash flow$50.0M-79.7%

Valuation

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Market cap$29.35B-45.4%
Enterprise value$28.87B-43.7%
P/S0.8×-0.8×

Profitability

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Operating margin-1.8%-4.0pp
Net margin1.2%-2.4pp
FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Debt / equity1.9×+0.9×
Current ratio0.9×-0.2×

Where this comes from

Calculated from Coupang’s reported figures.

Based on trailing twelve months.

The source filing: Coupang’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 4:07 PM EDT
Accession
0001834584-26-000070

FAQ

What is Coupang's gross margin?
Coupang (CPNG) reported gross margin of 28.4% in Q2 2026.
How has Coupang's gross margin changed year-over-year?
Coupang's gross margin decreased by 5.1% year-over-year, from 29.9% to 28.4%.
What is the long-term trend for Coupang's gross margin?
Over 5 years (2020 to 2025), Coupang's gross margin has grown at a 12.1% compound annual growth rate (CAGR), from 16.6% to 29.4%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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