What is Coupang's net income?

Coupang (CPNG) reported net income of -$266M in Q1 2026.

How has Coupang's net income changed year-over-year?

Coupang's net income decreased by 348.6% year-over-year, from $107M to -$266M.

What is the long-term trend for Coupang's net income?

Over 2 years (2021 to 2024), Coupang's net income has grown at a -68.4% compound annual growth rate (CAGR), from -$1.54B to $154M.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Coupang CPNG Net Income

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue$8.5B+7.5%

Gross profit$2.3B-0.8%

Operating income-$242.0M-257%

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

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Market cap$31.18B-38.4%

Enterprise value$30.19B-37.4%

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

Reported directly by Coupang in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

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 income?: Coupang (CPNG) reported net income of -$266M in Q1 2026.
How has Coupang's net income changed year-over-year?: Coupang's net income decreased by 348.6% year-over-year, from $107M to -$266M.
What is the long-term trend for Coupang's net income?: Over 2 years (2021 to 2024), Coupang's net income has grown at a -68.4% compound annual growth rate (CAGR), from -$1.54B to $154M.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.