Coupang CPNG Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total net revenues by Business | ||||||
| Developing Offerings | $5.23B+31.2% | $4.94B+38.5% | $4.6B+66.6% | $4.29B+114% | $3.99B+215% | |
| Product Commerce | $29.9B+10.4% | $29.59B+10.8% | $29.07B+11.4% | $27.98B+11.1% | $27.08B+10.8% | |
| Gross Profit by Business | ||||||
| Developing Offerings | $633M-20.7% | $675M-7.0% | $732M+58.0% | $777M+224% | $798M+3,124% | |
| Product Commerce | $9.49B+12.7% | $9.47B+16.8% | $9.36B+26.0% | $8.86B+27.9% | $8.42B+28.6% | |
| Total other segment items by Business | ||||||
| Developing Offerings | $1.79B+26.8% | $1.67B+23.1% | $1.55B+41.4% | $1.43B+66.0% | $1.41B+152% | |
| Product Commerce | $7.2B+13.7% | $6.98B+14.5% | $6.9B+23.8% | $6.64B+28.7% | $6.33B+28.6% | |
| Adjusted Earnings Before Interest, Tax, Depreciation and Amortisation by Business | ||||||
| Developing Offerings | -$1.16B-88.6% | -$995M-57.7% | -$813M-22.6% | -$648M+7.0% | -$613M-1.5% | |
| Product Commerce | $2.29B+9.8% | $2.49B+23.9% | $2.46B+28.5% | $2.22B+20.7% | $2.09B+21.5% | |
| Cost of Sales by Business | ||||||
| Developing Offerings | $4.6B+44.2% | $4.27B+50.1% | $3.87B+74.0% | $3.51B+110% | $3.19B+169% | |
| Product Commerce | $20.41B+9.4% | $20.13B+8.2% | $19.71B+7.8% | $19.12B+7.4% | $18.66B+5.7% | |
| Total net revenues by Product | ||||||
| Other revenue | $1.11B+22.5% | $1.11B+34.9% | $1.07B+47.4% | $1B+52.4% | $908M+46.2% | |
| Third-party merchant services | $7.32B+20.1% | $7.11B+27.5% | $6.87B+44.2% | $6.48B+63.0% | $6.1B+92.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Coupang break its business down?
- Coupang (CPNG) reports total net revenues by business across 2 parts — Developing Offerings and Product Commerce. Each is extracted from the segment footnotes and tracked over time.
- Where does Coupang's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Coupang's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
