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Coupang CPNG Operating margin

Operating margin at other companies

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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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Gross margin28.4%-1.5pp
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 operating margin?
Coupang (CPNG) reported operating margin of -1.8% in Q2 2026.
How has Coupang's operating margin changed year-over-year?
Coupang's operating margin decreased by 178.9% year-over-year, from 2.2% to -1.8%.
What is the long-term trend for Coupang's operating margin?
Over 4 years (2020 to 2025), Coupang's operating margin has grown at a -24.9% compound annual growth rate (CAGR), from -4.3% to 1.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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