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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,924.76 Bn | 2,801.77 Bn | 198.88 Bn | 13.43% |
| 2 | PDD Holdings | 506.26 Bn | 446.72 Bn | 9.83 Bn | 22.37% |
| 3 | Mercadolibre | 97.68 Bn | 82.48 Bn | 4.16 Bn | 6.72% |
| 4 | DoorDash | 93.06 Bn | 87.71 Bn | 2.35 Bn | 3.50% |
| 5 | JD.com | 87.50 Bn | 58.32 Bn | 7.66 Bn | 1.20% |
| 6 | Sea | 77.73 Bn | 69.21 Bn | 3.15 Bn | 8.08% |
| 7 | Ebay | 47.57 Bn | 44.26 Bn | 2.30 Bn | 21.57% |
| 8 | Coupang | 29.78 Bn | 23.67 Bn | 2.49 Bn | -6.28% |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | -1.06% |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn | 2.96% |
Historic Data
Download 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% |