Coupang (CPNG) EBITDA Margin (2020 - 2026)
Coupang's (CPNG) quarterly EBITDA Margin came in at 2.85% in Q1 2026, down 479.0% YoY from 0.75% in Q1 2025, and down 3242.74% on a QoQ basis from 0.09% in Q4 2025.
Analysis
Coupang (CPNG) EBITDA Margin (2020 - 2026) Analysis & Trends
Coupang (CPNG) has 7 years of EBITDA Margin data on file, last reported at 2.85% in Q1 2026.
- Quarterly EBITDA Margin fell 479.0% year-over-year to 2.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.22% (down 155.0% YoY) and the FY2025 annual result came in at 1.37%, down 7.0% from the prior year.
- EBITDA Margin fell to 2.85% in Q1 2026, from 0.09% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 3.92% in Q4 2024 to a low of 4.02% in Q1 2022.
- A 5-year average of 0.81% and a median of 1.52% in 2022 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2022 — EBITDA Margin jumped 1017 bps — and 2026, when it tumbled 479 bps.
- Tracing CPNG's EBITDA Margin over 5 years: stood at 1.57% in 2022, then advanced by 27 bps to 2.0% in 2023, then surged by 96 bps to 3.92% in 2024, then plunged by 98 bps to 0.09% in 2025, then sank by 3243 bps to 2.85% in 2026.
- The last three EBITDA Margin figures came in at 2.85% (Q1 2026), 0.09% (Q4 2025), and 1.75% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | 24.62% |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | 4.63% |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | 6.72% |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | 5.52% |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | 21.57% |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | 1.26% |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | -6.28% |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | 2.96% |
| 10 | Maplebear | 11.73 Bn | 10.88 Bn | 751.00 Mn | 13.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.28% |
| Mar 31, 2026 | -2.85% |
| Dec 31, 2025 | 0.09% |
| Sep 30, 2025 | 1.75% |
| Jun 30, 2025 | 1.75% |
| Mar 31, 2025 | 1.95% |
| Dec 31, 2024 | 3.92% |
| Sep 30, 2024 | 1.39% |
| Jun 30, 2024 | -0.34% |
| Mar 31, 2024 | 0.56% |
| Dec 31, 2023 | 2.00% |
| Sep 30, 2023 | 1.42% |
| Jun 30, 2023 | 2.54% |
| Mar 31, 2023 | 1.84% |
| Dec 31, 2022 | 1.57% |
| Sep 30, 2022 | 1.52% |
| Jun 30, 2022 | -1.33% |
| Mar 31, 2022 | -4.02% |
| Dec 31, 2021 | -7.81% |
| Sep 30, 2021 | -6.78% |