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This statistic highlights Coupa Software’s Revenue by Region, split between the United States and Foreign Countries, reported on a quarterly basis from Q3 2016 onwards.
|Revenue by Region||Q3 2021||Q2 2022||Q3 2022||Contribution in Q3 2022
(All figures are in millions, except percentages)
From the aforementioned quarters, the company’s highest revenue was recorded in the latest quarter of 2022, i.e., Q3 2022, amounting to $185.81 million. This had grown by 3.67% on a quarter-on-quarter basis, from $179.24 million in Q2 2022 to $185.81 million in Q3 2022. The total year-on-year revenue growth was a veritable 39.75%, from $132.96 million in Q3 2021 to $185.81 million in Q3 2022.
The United States contributes 60.71% to Coupa Software’s total revenue in Q3 2022, whereas the Foreign countries constitute 39.29% of the total revenue generated in Q3 2022. No customer comprised greater than 10% of Coupa’s revenue in any given period.
Coupa Software’s revenue can be further bifurcated into the following:
Coupa originated from the United States. Even their headquarters are established in this region. They get a majority of their customers from the States, thereby making it their greatest revenue-contributing region.
In Q3 2022, 60.71% of Coupa’s revenue was contributed by its American customer base, amounting to a rather considerable total of $112.80 million. There was an incline from $106.19 million in Q2 to $112.80 million in Q3 2022, making an increment of 6.23% on a quarter-on-quarter basis. The year-on-year growth stood at 37.8%, rising from $81.86 million in Q3 2021 to $112.80 million in Q3 2022. Though the revenue generated was the highest in the third quarter of 2022, the United States had the highest proportion of revenue in Q3 2021, contributing 62% to the respective quarterly total.
Coupa’s foreign customers hail from countries in Europe, Latin America, and the Asia-Pacific region. The company registers its foreign revenue as a collective total from all regions; they do not break it down region-wise. This is the lower of the two revenue contributing regions of Coupa Software.
The foreign regions contribute around 39.29% of Coupa’s total revenue generated in Q3 2022, amounting to $73.00 million. The previous quarter, i.e., Q2 2022, recorded $73.05 million in revenue, thereby marking a mere decline of 0.065% on a quarter-on-quarter basis, from $73.05 million in Q2 2022 to $73 million in Q3 2022. However, there was a growth of 42.88% in revenue on a year-on-year basis, from $51.09 million in Q3 2021 to $73 million in Q3 2022. The yearly revenue growth of foreign revenue was greater than the revenue growth for the United States for the same period. The revenue contribution of the foreign countries peaked in Q2 2022, with a contribution of 41% to the respective quarterly total. From the above-given timeline, the revenue mix was the lowest in Q3 2021, with a contribution of 38% to the quarterly total.
Coupa Software’s centre is based in the United States, with their key customer base hailing from this region. They have offices in various regions of Europe, Latin America, and Asia-Pacific. Their customers are conducting business in more than 70 countries. The company’s products are offered in multiple languages—haing a variety of 30 languages to date. They offer products such as spend management software, invoicing, sourcing, catalog management and expense management. Coupa distinguishes its customers as distinct entities, business units of greater corporations, or partner organizations. Their customers comprise top global businesses spanning several industries—retail, financial services, technology, manufacturing and production, pharmaceuticals, and healthcare.
Founded in 2006 by Noah Eisner and Dave Stephen, Coupa Software is one of the leading providers of BSM Solutions i.e. Business Spend Management Solutions. Coupa Software is headquartered in San Mateo, California. The company offers a cloud-based BSM platform, comprehensive in nature. They provide visibility and control to organisations over the money and resources used. They have successfully connected their customers with more than 7 million suppliers globally. Coupa provides better visibility along with better control over companies’ manner of expenditure, supply chain optimization, and liquidity management. As of 31 January 2021, the company has about 2,615 employees. The company has many subsidiaries, such as Yapta Inc, Xpenser Inc, Llamasoft, among others. The common stock of the company is listed on NASDAQ under the ticker symbol ‘COUP’.
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