Coupang, Inc. (CPNG) Gross Margin (2020 - 2026)

Coupang (CPNG) has reported Gross Margin for 7 consecutive years, with 27.01% the latest figure, recorded in Q1 2026.

• Gross Margin for Q1 2026 came in at 27.01%, down 228.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.81% (down 86.0% YoY), and the FY2025 annual result was 29.37%, up 19.0% from the prior year.
• Gross Margin was 27.01% for Q1 2026 at Coupang, down 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.
• Average Gross Margin over 5 years is 26.7%, with a median of 27.01% recorded in 2026.
• Year-over-year, Gross Margin soared 820 bps in 2022 and slumped 248 bps in 2025.
• Over 5 years, Gross Margin stood at 24.01% in 2022, then gained by 7 bps to 25.61% in 2023, then climbed by 22 bps to 31.27% in 2024, then retreated by 8 bps to 28.79% in 2025, then decreased by 6 bps to 27.01% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 27.01% in Q1 2026, 28.79% in Q4 2025, and 29.35% in Q3 2025.