Coupang, Inc.

CPNG Consumer Cyclical Internet Retail

Coupang, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.5 billion, up 14.1% from fiscal 2024.

Revenue
+7.50%
EPS
−660.0%
Free cash flow
−116.3%
Total debt
−80.7%

Quarter to September 2026, against a year earlier

16.97 1.74 +11.42%
Market cap
$27.4B
P/E
0.0×
Fwd P/E
−26.4×
Dividend yield
—
F-score
6/9
Altman Z
3.69
Beneish M
−2.93
Dividend safety
n/a

Coupang, Inc. (CPNG) Operating margin

Alert me on Operating margin

Coupang, Inc.'s operating margin over the twelve months to 30 September 2026 was −3.43%, down 4.8 percentage points from fiscal 2025 (1.37%). Over the past ten years it has ranged from −51.9% (fiscal 2018) to 1.94% (fiscal 2023); the current reading is higher than 75% of that period. That is below the Internet Retail industry median of 0.76% and below the Consumer Cyclical sector median of 3.97%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 1.37% (0.07)
FY2024 1.44% (0.50)
FY2023 1.94% 2.48
FY2022 −0.54% 7.58
FY2021 −8.12% (3.81)
FY2020 −4.31% 5.95
FY2019 −10.3% 41.64
FY2018 −51.9% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −4.52% 1.76
Jun 2026 −6.28% (3.43)
Mar 2026 −2.85% (2.94)
Dec 2025 0.09% (1.66)
23 more quarters

Against its own ten years

Low −51.9% High 1.94%
Ten-year median −2.43%
Current reading's percentile 33

Operating margin against peers

Company Operating margin
EBAY eBay Inc. compare 20.3%
CART Maplebear Inc. compare 14.8%
MELI MercadoLibre, Inc. compare 8.26%
SE Sea Limited Sponsored ADR compare 8.24%
DASH DoorDash, Inc. compare 5.25%
CHWY Chewy compare 2.51%
W Wayfair Inc. compare 1.67%
JD JD.com, Inc. compare 0.15%
CPNG Coupang, Inc. −3.43%
Internet Retail industry median 0.76%
Consumer Cyclical sector median 3.97%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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