What is Coupang's total revenue?

Coupang (CPNG) reported total revenue of $8.5B in Q1 2026.

How has Coupang's total revenue changed year-over-year?

Coupang's total revenue increased by 7.5% year-over-year, from $7.91B to $8.5B.

What is the long-term trend for Coupang's total revenue?

Over 4 years (2021 to 2025), Coupang's total revenue has grown at a 17.0% compound annual growth rate (CAGR), from $18.41B to $34.53B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Coupang CPNG Total Revenue

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Segments

By segment

See full

Product Commerce$7.18B+4.5%

Developing Offerings$1.33B+27.9%

By product

See full

Third-party merchant services$1.77B+13.1%

Other revenue$261M+1.2%

Other financials

Income statement

See full

Gross profit$2.3B-0.8%

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

Reported directly by Coupang in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 total revenue?: Coupang (CPNG) reported total revenue of $8.5B in Q1 2026.
How has Coupang's total revenue changed year-over-year?: Coupang's total revenue increased by 7.5% year-over-year, from $7.91B to $8.5B.
What is the long-term trend for Coupang's total revenue?: Over 4 years (2021 to 2025), Coupang's total revenue has grown at a 17.0% compound annual growth rate (CAGR), from $18.41B to $34.53B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.