Coupang (CPNG) Net Margin (2020 - 2026)
Coupang's (CPNG) quarterly Net Margin came in at 3.13% in Q1 2026, down 457.0% YoY from 0.88% in Q1 2025, and down 962.9% on a QoQ basis from 0.29% in Q4 2025.
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Coupang (CPNG) Net Margin (2020 - 2026) Analysis & Trends
Coupang (CPNG) has 7 years of Net Margin data on file, last reported at 3.13% in Q1 2026.
- Quarterly Net Margin fell 457.0% year-over-year to 3.13% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.47% (down 113.0% YoY) and the FY2025 annual result came in at 0.62%, up 40.0% from the prior year.
- Net Margin retreated to 3.13% in Q1 2026, from 0.29% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 15.74% in Q4 2023 to a low of 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.
- Annual changes were most pronounced in 2023 — Net Margin surged 1383 bps — and 2024, when it sank 1410 bps.
- 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 slumped by 90 bps to 1.64% in 2024, then slumped by 118 bps to 0.29% in 2025, then slumped by 963 bps to 3.13% in 2026.
- The last three Net Margin figures came in at 3.13% (Q1 2026), 0.29% (Q4 2025), and 1.03% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,746.20 Bn | 2,623.21 Bn | 198.88 Bn | 24.31% |
| 2 | PDD Holdings | 116.28 Bn | -48,010.13 Bn | 9.45 Bn | 24.19% |
| 3 | DoorDash | 98.95 Bn | 93.61 Bn | 2.35 Bn | 4.47% |
| 4 | Mercadolibre | 98.90 Bn | 83.71 Bn | 4.16 Bn | 4.58% |
| 5 | Sea | 67.51 Bn | 59.11 Bn | 3.55 Bn | 11.53% |
| 6 | Ebay | 46.90 Bn | 43.59 Bn | 2.30 Bn | 17.55% |
| 7 | JD.com | 39.64 Bn | 7.09 Bn | 16.50 Bn | 1.85% |
| 8 | Coupang | 28.35 Bn | 22.24 Bn | 2.49 Bn | -6.44% |
| 9 | Wayfair | 12.44 Bn | 11.30 Bn | 1.05 Bn | -0.03% |
| 10 | Maplebear | 11.73 Bn | 10.88 Bn | 751.00 Mn | 10.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.44% |
| 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% |