# Coupang, Inc.: overview

CPNG · NYSE · CIK 1834584 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cpng.md) · [Financials](/companies/cpng/financials.md) · [Filings](/companies/cpng/filings.md) · [Insiders](/companies/cpng/insiders.md)

Latest reported revenue: [$8.86bn](/filings/0001834584-26-000073.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001834584-26-000073).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [7,866](/filings/0001834584-25-000185.md) | [7,965 d](/filings/0001834584-26-000024.md) | [7,908](/filings/0001834584-26-000042.md) | [8,524](/filings/0001834584-26-000073.md) | [9,267](/filings/0001834584-25-000185.md) | [8,835 d](/filings/0001834584-26-000024.md) | [8,504](/filings/0001834584-26-000042.md) | [8,856](/filings/0001834584-26-000073.md) |
| Gross margin | % | [28.8%](/filings/0001834584-25-000185.md) | [31.3% d](/filings/0001834584-26-000024.md) | [29.3%](/filings/0001834584-26-000042.md) | [30.0%](/filings/0001834584-26-000073.md) | [29.4%](/filings/0001834584-25-000185.md) | [28.8% d](/filings/0001834584-26-000024.md) | [27.0%](/filings/0001834584-26-000042.md) | [28.2%](/filings/0001834584-26-000073.md) |
| Operating margin | % | [1.4%](/filings/0001834584-25-000185.md) | [3.9% d](/filings/0001834584-26-000024.md) | [1.9%](/filings/0001834584-26-000042.md) | [1.7%](/filings/0001834584-26-000073.md) | [1.7%](/filings/0001834584-25-000185.md) | [0.1% d](/filings/0001834584-26-000024.md) | [(2.8%)](/filings/0001834584-26-000042.md) | [(6.3%)](/filings/0001834584-26-000073.md) |
| Net margin | % | [0.9%](/filings/0001834584-25-000185.md) | [2.0% d](/filings/0001834584-26-000024.md) | [1.4%](/filings/0001834584-26-000042.md) | [0.4%](/filings/0001834584-26-000073.md) | [1.0%](/filings/0001834584-25-000185.md) | [(0.3%) d](/filings/0001834584-26-000024.md) | [(3.1%)](/filings/0001834584-26-000042.md) | [(6.4%)](/filings/0001834584-26-000073.md) |
| Diluted EPS | $ per share | [0.04](/filings/0001834584-25-000185.md) | not reported | [0.06](/filings/0001834584-26-000042.md) | [0.02](/filings/0001834584-26-000073.md) | [0.05](/filings/0001834584-25-000185.md) | not reported | [(0.15)](/filings/0001834584-26-000042.md) | [(0.32)](/filings/0001834584-26-000073.md) |
| Free cash flow | $m | [(46.0) d](/filings/0001834584-25-000185.md) | [462 d](/filings/0001834584-26-000024.md) | [115](/filings/0001834584-26-000042.md) | [246 d](/filings/0001834584-26-000073.md) | [439 d](/filings/0001834584-25-000185.md) | [(278) d](/filings/0001834584-26-000024.md) | [(112)](/filings/0001834584-26-000042.md) | [50.0 d](/filings/0001834584-26-000073.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [18.4](/filings/0001834584-24-000023.md) | [20.6](/filings/0001834584-25-000030.md) | [24.4](/filings/0001834584-26-000024.md) | [30.3](/filings/0001834584-26-000024.md) | [34.5](/filings/0001834584-26-000024.md) |
| Gross margin | % | not reported | [22.9%](/filings/0001834584-25-000030.md) | [25.4%](/filings/0001834584-26-000024.md) | [29.2%](/filings/0001834584-26-000024.md) | [29.4%](/filings/0001834584-26-000024.md) |
| Operating margin | % | [(8.1%)](/filings/0001834584-24-000023.md) | [(0.5%)](/filings/0001834584-25-000030.md) | [1.9%](/filings/0001834584-26-000024.md) | [1.4%](/filings/0001834584-26-000024.md) | [1.4%](/filings/0001834584-26-000024.md) |
| Net margin | % | [(8.4%)](/filings/0001834584-24-000023.md) | [(0.4%)](/filings/0001834584-25-000030.md) | [5.6%](/filings/0001834584-26-000024.md) | [0.5%](/filings/0001834584-26-000024.md) | [0.6%](/filings/0001834584-26-000024.md) |
| Diluted EPS | $ per share | [(1.08)](/filings/0001834584-24-000023.md) | [(0.05)](/filings/0001834584-25-000030.md) | [0.75](/filings/0001834584-26-000024.md) | [0.08](/filings/0001834584-26-000024.md) | [0.11](/filings/0001834584-26-000024.md) |
| Free cash flow | $bn | [(1.1)](/filings/0001834584-24-000023.md) | [(0.3)](/filings/0001834584-25-000030.md) | [1.8](/filings/0001834584-26-000024.md) | [1.0](/filings/0001834584-26-000024.md) | [0.5](/filings/0001834584-26-000024.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Gross profit: us-gaap:GrossProfit.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/cpng/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [SB INVESTMENT ADVISERS (UK) LTD](/funds/1731509.md) | 2026-06-30 | $5.03bn | 289,542,259 |  | Unchanged |
| [BAILLIE GIFFORD & CO](/funds/1088875.md) | 2026-06-30 | $1.37bn | 78,743,687 |  | Reduced −41,912,555 |
| [Dodge & Cox](/funds/200217.md) | 2026-06-30 | $1.25bn | 72,194,220 |  | Added +186,100 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.08bn | 62,396,132 |  | Reduced −2,488,146 |
| [Artisan Partners Limited Partnership](/funds/1466153.md) | 2026-06-30 | $876.1m | 50,439,134 |  | Added +16,769,469 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $868.9m | 50,025,165 |  | Reduced −6,120,138 |
| [TIGER GLOBAL MANAGEMENT LLC](/funds/1167483.md) | 2026-06-30 | $633.4m | 36,467,972 |  | Added +1,872,565 |
| [MASSACHUSETTS INSTITUTE OF TECHNOLOGY](/funds/351051.md) | 2026-06-30 | $506.0m | 29,130,611 |  | Added +9,900,000 |
| [GREENOAKS LLC](/funds/1840735.md) | 2026-06-30 | $446.5m | 25,704,927 |  | Unchanged |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $416.0m | 23,938,474 |  | Reduced −939,847 |

## Recent filings

[All 414 filings](/companies/cpng/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-04 | 20:30 ET | [10-Q](/filings/0001834584-26-000073.md) | Quarterly report, period 2026-06-30 | 0001834584-26-000073 |
| 2026-08-04 | 20:07 ET | [8-K](/filings/0001834584-26-000070.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001834584-26-000070 |
| 2026-06-12 | 20:21 ET | [8-K](/filings/0001834584-26-000061.md) | 5.07 Shareholder vote results | 0001834584-26-000061 |
| 2026-06-11 | 12:16 ET | [8-K](/filings/0001834584-26-000056.md) | 8.01 Other events | 0001834584-26-000056 |
| 2026-05-14 | 20:21 ET | [8-K/A](/filings/0001834584-26-000049.md) | 5.02 Departure or appointment of officers or directors | 0001834584-26-000049 |
| 2026-05-05 | 20:25 ET | [10-Q](/filings/0001834584-26-000042.md) | Quarterly report, period 2026-03-31 | 0001834584-26-000042 |
| 2026-05-05 | 20:07 ET | [8-K](/filings/0001834584-26-000039.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001834584-26-000039 |
| 2026-04-27 | 20:15 ET | [DEF 14A](/filings/0001140361-26-017102.md) | Proxy statement, period 2026-06-11 | 0001140361-26-017102 |
| 2026-02-26 | 21:23 ET | [10-K](/filings/0001834584-26-000024.md) | Annual report, period 2025-12-31 | 0001834584-26-000024 |
| 2026-02-26 | 21:09 ET | [8-K](/filings/0001834584-26-000022.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001834584-26-000022 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001834584-26-000024.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/f44b22ba-32cf-48c2-8f7e-6e91f40d13e6)

## About the filer

- CIK: 1834584
- Tickers: CPNG
- Exchange: NYSE
- SIC code: 5961 Retail-Catalog & Mail-Order Houses
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.