Growth Metrics

Coupang (CPNG) Net Margin (2020 - 2025)

Coupang's Net Margin history spans 6 years, with the latest figure at 0.29% for Q4 2025.

  • For the quarter ending Q4 2025, Net Margin fell 194.0% year-over-year to 0.29%, compared with a TTM value of 0.62% through Dec 2025, up 40.0%, and an annual FY2025 reading of 0.62%, up 40.0% over the prior year.
  • Net Margin for Q4 2025 was 0.29% at Coupang, down from 1.03% in the prior quarter.
  • The five-year high for Net Margin was 15.74% in Q4 2023, with the low at 11.58% in Q2 2021.
  • Average Net Margin over 5 years is 0.55%, with a median of 0.59% recorded in 2025.
  • Year-over-year, Net Margin skyrocketed 1383bps in 2023 and then crashed -1410bps in 2024.
  • Tracing CPNG's Net Margin over 5 years: stood at 7.98% in 2021, then surged by 124bps to 1.92% in 2022, then skyrocketed by 721bps to 15.74% in 2023, then plummeted by -90bps to 1.64% in 2024, then tumbled by -118bps to 0.29% in 2025.
  • Per Business Quant, the three most recent readings for CPNG's Net Margin are 0.29% (Q4 2025), 1.03% (Q3 2025), and 0.36% (Q2 2025).