What is Coupang's gross profit?

Coupang (CPNG) reported gross profit of $2.3B in Q1 2026.

How has Coupang's gross profit changed year-over-year?

Coupang's gross profit decreased by 0.8% year-over-year, from $2.32B to $2.3B.

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

Over 4 years (2021 to 2025), Coupang's gross profit has grown at a 36.2% compound annual growth rate (CAGR), from $2.95B to $10.14B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Coupang CPNG Gross Profit

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Segments

By segment

See full

Product Commerce$2.17B+1.1%

Developing Offerings$123M-25.5%

Other financials

Income statement

See full

Revenue$8.5B+7.5%

Operating income-$242.0M-257%

Net income-$266.0M-349%

EPS (diluted)-$0.15-350%

Balance sheet

See full

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

See full

Operating cash flow$184.0M-48.0%

CapEx$296.0M+23.8%

Free cash flow-$112.0M-197%

Valuation

See full

Market cap$31.56B-40.0%

Enterprise value$30.56B-39.0%

P/S0.9×-0.7×

Profitability

See full

Gross margin28.8%-0.9pp

Operating margin0.2%-1.6pp

Net margin1.2%-2.4pp

FCF margin3.7%+0.4pp

Returns & leverage

See full

Return on equity8.7%-20.2pp

Debt / equity1.4×+0.4×

Current ratio1×-0.2×

Where this comes from

Calculated from Coupang’s reported figures.

$8.5Btotal revenue−$6.2Btotal cost of revenue=$2.3B

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 gross profit?: Coupang (CPNG) reported gross profit of $2.3B in Q1 2026.
How has Coupang's gross profit changed year-over-year?: Coupang's gross profit decreased by 0.8% year-over-year, from $2.32B to $2.3B.
What is the long-term trend for Coupang's gross profit?: Over 4 years (2021 to 2025), Coupang's gross profit has grown at a 36.2% compound annual growth rate (CAGR), from $2.95B to $10.14B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.