Coupang (CPNG) Cost of Revenue (2020 - 2026)

Coupang (CPNG) recorded quarterly Cost of Revenue of $6.2 billion in Q1 2026, down 1.34% on a QoQ basis from $6.3 billion in Q4 2025, and up 11.0% year-over-year from $5.6 billion in Q1 2025.

Coupang (CPNG) Cost of Revenue (2020 - 2026) Analysis & Trends

Coupang has disclosed Cost of Revenue across 7 years of filings, most recently posting $6.2 billion for Q1 2026.

  • Quarterly Cost of Revenue rose 11.0% year-over-year to $6.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $25.0 billion (up 14.48% YoY) and the FY2025 annual result came in at $24.4 billion, up 13.79% from the prior year.
  • Cost of Revenue slipped to $6.2 billion in Q1 2026, from $6.3 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $6.5 billion in Q3 2025 and troughed at $3.9 billion in Q3 2022.
  • A 5-year average of $5.1 billion and a median of $5.2 billion in 2024 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue declined 5.21% — and 2024, when it climbed 21.2%.
  • Tracing CPNG's Cost of Revenue over 5 years: stood at $4.0 billion in 2022, then advanced by 20.57% to $4.9 billion in 2023, then climbed by 12.15% to $5.5 billion in 2024, then grew by 14.93% to $6.3 billion in 2025, then slipped by 1.34% to $6.2 billion in 2026.
  • Business Quant data shows CPNG's Cost of Revenue at $6.2 billion in Q1 2026, $6.3 billion in Q4 2025, and $6.5 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn 10.31 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 982.00 Mn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 1.99 Bn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn 4.91 Bn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 802.00 Mn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 6.21 Bn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn 19.95 Mn
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn 2.05 Bn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 230.00 Mn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn 2.35 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 6.21 Bn
Mar 31, 2026 6.21 Bn
Dec 31, 2025 6.29 Bn
Dec 31, 2025 6.29 Bn
Sep 30, 2025 6.55 Bn
Sep 30, 2025 6.55 Bn
Jun 30, 2025 5.96 Bn
Jun 30, 2025 5.96 Bn
Mar 31, 2025 5.59 Bn
Mar 31, 2025 5.59 Bn
Dec 31, 2024 5.47 Bn
Dec 31, 2024 5.47 Bn
Sep 30, 2024 5.60 Bn
Sep 30, 2024 5.60 Bn
Jun 30, 2024 5.18 Bn
Jun 30, 2024 5.18 Bn
Mar 31, 2024 5.19 Bn
Mar 31, 2024 5.19 Bn
Dec 31, 2023 4.88 Bn
Dec 31, 2023 4.88 Bn