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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,942.95 Bn | 2,819.97 Bn | 198.88 Bn | 24.31% |
| 2 | PDD Holdings | 508.05 Bn | 448.51 Bn | 9.83 Bn | 19.81% |
| 3 | Mercadolibre | 97.02 Bn | 81.83 Bn | 4.16 Bn | 4.58% |
| 4 | DoorDash | 93.69 Bn | 88.35 Bn | 2.35 Bn | 4.47% |
| 5 | JD.com | 87.61 Bn | 58.43 Bn | 7.66 Bn | 1.62% |
| 6 | Sea | 78.10 Bn | 69.58 Bn | 3.15 Bn | 12.24% |
| 7 | Ebay | 47.48 Bn | 44.17 Bn | 2.30 Bn | -0.06% |
| 8 | Coupang | 29.69 Bn | 23.58 Bn | 2.49 Bn | -6.44% |
| 9 | Zkh | 15.94 Bn | 15.94 Bn | 51.11 Mn | 0.00% |
| 10 | Wayfair | 13.68 Bn | 12.54 Bn | 1.05 Bn | -0.03% |
Historic Data
Download 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% |