Coupang (CPNG) Net Margin (2020 - 2026)
Coupang (CPNG) reported Net Margin of 3.13% for Q1 2026, down 457.0% year-on-year from 0.88% in Q1 2025, and down 962.9% quarter-over-quarter from 0.29% in Q4 2025.
Coupang (CPNG) has 7 years of Net Margin data on file, last reported at 3.13% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 457.0% year-over-year to 3.13%; the trailing twelve-month figure through Mar 2026 stood at 0.47% (down 113.0% YoY), and the FY2025 full-year result was 0.62%, up 40.0% from the prior year.
- Net Margin for Q1 2026 stood at 3.13%, down from 0.29% in the prior quarter.
- Across five years, Net Margin topped out at 15.74% in Q4 2023 and bottomed at 4.09% in Q1 2022.
- A 5-year average of 1.15% and a median of 1.03% in 2025 frame the typical range for Net Margin.
- Across the five-year window, Net Margin surged 1383 bps in 2023 and tumbled 1410 bps in 2024, its largest moves.
- Tracing CPNG's Net Margin over 5 years: stood at 1.92% in 2022, then surged by 721 bps to 15.74% in 2023, then tumbled by 90 bps to 1.64% in 2024, then tumbled by 118 bps to 0.29% in 2025, then tumbled by 963 bps to 3.13% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 3.13%, 0.29%, and 1.03% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,907.49 Bn | 2,764.40 Bn | 171.21 Bn | 16.68% |
| 2 | Mercadolibre | 85.96 Bn | 80.31 Bn | 3.86 Bn | 4.71% |
| 3 | DoorDash | 69.36 Bn | 64.50 Bn | 2.04 Bn | 4.53% |
| 4 | PDD Holdings | 66.56 Bn | 41.90 Bn | 12.81 Bn | 19.81% |
| 5 | Ebay | 48.95 Bn | 45.09 Bn | 2.29 Bn | - |
| 6 | Coupang | 30.30 Bn | 30.21 Bn | 2.30 Bn | -3.13% |
| 7 | Maplebear | 9.52 Bn | 8.83 Bn | 738.00 Mn | 14.13% |
| 8 | Wayfair | 9.47 Bn | 8.40 Bn | 880.00 Mn | -3.58% |
| 9 | Chewy | 9.33 Bn | 8.46 Bn | 959.70 Mn | 1.20% |
| 10 | Etsy | 6.54 Bn | 5.11 Bn | 455.60 Mn | -5.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.13% |
| Dec 31, 2025 | -0.29% |
| Sep 30, 2025 | 1.03% |
| Jun 30, 2025 | 0.36% |
| Mar 31, 2025 | 1.44% |
| Dec 31, 2024 | 1.64% |
| Sep 30, 2024 | 0.81% |
| Jun 30, 2024 | -1.43% |
| Mar 31, 2024 | -0.34% |
| Dec 31, 2023 | 15.74% |
| Sep 30, 2023 | 1.47% |
| Jun 30, 2023 | 2.48% |
| Mar 31, 2023 | 1.57% |
| Dec 31, 2022 | 1.92% |
| Sep 30, 2022 | 1.78% |
| Jun 30, 2022 | -1.50% |
| Mar 31, 2022 | -4.09% |
| Dec 31, 2021 | -7.98% |
| Sep 30, 2021 | -6.98% |
| Jun 30, 2021 | -11.58% |
| Mar 31, 2021 | -7.01% |
| Dec 31, 2020 | -2.18% |
| Sep 30, 2020 | -5.52% |
| Jun 30, 2020 | -6.12% |
| Mar 31, 2020 | -5.81% |