Coupang (CPNG) Free Cash Flow (2020 - 2026)
Coupang (CPNG) recorded Free Cash Flow of -$72 million in Q3 2026, compared with $439 million a year earlier.
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Analysis
Coupang (CPNG) Free Cash Flow (2020 - 2026) Analysis & Trends
On a TTM basis, Coupang's Free Cash Flow came in at -$412 million as of Sep 30, 2026; for FY2025, it was $522 million, down 48.2% from FY2024.
- Across earlier years, Free Cash Flow came in at $1.01 billion in FY2024 (-42.7%), $1.76 billion in FY2023, -$259 million in FY2022 and -$1.09 billion in FY2021.
- Quarterly Free Cash Flow has ranged from -$371.61 million in Q4 2021 to $532 million in Q3 2023 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in two of the last four quarters, with an average decline of 24.1%.
- Per Business Quant, the preceding three quarters came in at $50 million (Q2 2026), -$112 million (Q1 2026) and -$278 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,803.87 Bn | 2,300.54 Bn | 107.37 Bn | -34.84 Bn |
| 2 | Home Depot | 341.42 Bn | 334.67 Bn | 16.12 Bn | 4.51 Bn |
| 3 | Tjx Companies | 149.33 Bn | 126.87 Bn | 5.07 Bn | 1.73 Bn |
| 4 | Lowes Companies | 125.87 Bn | 118.84 Bn | 8.58 Bn | 3.12 Bn |
| 5 | O Reilly Automotive | 74.24 Bn | 73.33 Bn | 2.52 Bn | 698.90 Mn |
| 6 | Ross Stores | 73.45 Bn | 56.37 Bn | 2.12 Bn | 624.50 Mn |
| 7 | Target | 71.89 Bn | 66.48 Bn | 8.94 Bn | 2.43 Bn |
| 8 | Carvana | 53.03 Bn | 42.62 Bn | 1.52 Bn | 491.00 Mn |
| 9 | Autozone | 52.99 Bn | 51.84 Bn | 3.52 Bn | 693.43 Mn |
| 10 | Coupang | 29.20 Bn | 5.03 Bn | 2.56 Bn | -72.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -72.00 Mn |
| Jun 30, 2026 | 50.00 Mn |
| Mar 31, 2026 | -112.00 Mn |
| Dec 31, 2025 | -278.00 Mn |
| Sep 30, 2025 | 439.00 Mn |
| Jun 30, 2025 | 246.00 Mn |
| Mar 31, 2025 | 115.00 Mn |
| Dec 31, 2024 | 462.00 Mn |
| Sep 30, 2024 | -46.00 Mn |
| Jun 30, 2024 | 486.00 Mn |
| Mar 31, 2024 | 105.00 Mn |
| Dec 31, 2023 | 375.00 Mn |
| Sep 30, 2023 | 532.00 Mn |
| Jun 30, 2023 | 443.00 Mn |
| Mar 31, 2023 | 406.00 Mn |
| Dec 31, 2022 | 459.11 Mn |
| Sep 30, 2022 | -225.24 Mn |
| Jun 30, 2022 | -199.03 Mn |
| Mar 31, 2022 | -293.85 Mn |
| Dec 31, 2021 | -371.61 Mn |
API Access
Coupang Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CPNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "CPNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CPNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();