Coupang (CPNG) Gross Margin (2020 - 2026)

Coupang has disclosed Gross Margin across 7 years of filings, most recently posting 27.01% for Q1 2026.

• Quarterly Gross Margin fell 228.0% year-over-year to 27.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.81% (down 86.0% YoY) and the FY2025 annual result came in at 29.37%, up 19.0% from the prior year.
• Gross Margin retreated to 27.01% in Q1 2026, from 28.79% in the prior quarter.
• Over five years, Gross Margin peaked at 31.27% in Q4 2024 and troughed at 20.39% in Q1 2022.
• A 5-year average of 26.7% and a median of 27.01% in 2026 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2022 — Gross Margin jumped 820 bps — and 2025, when it plunged 248 bps.
• Tracing CPNG's Gross Margin over 5 years: stood at 24.01% in 2022, then rose by 7 bps to 25.61% in 2023, then advanced by 22 bps to 31.27% in 2024, then fell by 8 bps to 28.79% in 2025, then retreated by 6 bps to 27.01% in 2026.
• Business Quant data shows CPNG's Gross Margin at 27.01% in Q1 2026, 28.79% in Q4 2025, and 29.35% in Q3 2025.