Coupang (CPNG) Net Margin (2020 - 2026)
Coupang (CPNG) reported Net Margin of -6.44% for Q2 2026, down 6.81 percentage points from 0.38% a year earlier and down 3.31 percentage points from the prior quarter.
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Analysis
Coupang (CPNG) Net Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Coupang's Net Margin came in at -2.16%, down 3.29 percentage points year-over-year; for FY2025, it came in at 0.60%, up 0.09 percentage points from FY2024.
- Net Margin has a five-year change of +5.25 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 0.51% in FY2024 (-5.07 pp), 5.58% in FY2023 (+6.02 pp), -0.45% in FY2022 (+7.93 pp) and -8.38% in FY2021 (-3.74 pp).
- The Q2 2026 figure ranks as the lowest quarterly Net Margin since Q4 2021.
- Year over year, Net Margin has now declined in each of the last three quarters, with an average year-over-year change of -3.13 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q4 2023 (a gain of 13.83 percentage points); the low point was Q4 2024 (a drop of 13.79 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -3.13% (Q1 2026), -0.29% (Q4 2025) and 1.03% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,807.22 Bn | 2,303.89 Bn | 107.37 Bn | 10.24% |
| 2 | Home Depot | 347.46 Bn | 340.70 Bn | 16.12 Bn | 9.96% |
| 3 | Tjx Companies | 153.51 Bn | 131.06 Bn | 5.07 Bn | 10.01% |
| 4 | Lowes Companies | 127.28 Bn | 120.25 Bn | 8.58 Bn | 9.24% |
| 5 | O Reilly Automotive | 75.34 Bn | 74.43 Bn | 2.52 Bn | 14.62% |
| 6 | Ross Stores | 74.38 Bn | 57.31 Bn | 2.12 Bn | 13.59% |
| 7 | Target | 71.81 Bn | 66.40 Bn | 8.94 Bn | 7.07% |
| 8 | Autozone | 54.47 Bn | 53.32 Bn | 3.52 Bn | 14.13% |
| 9 | Carvana | 52.23 Bn | 41.81 Bn | 1.52 Bn | 3.59% |
| 10 | Coupang | 29.54 Bn | 5.36 Bn | 2.56 Bn | -5.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -5.03% |
| Jun 30, 2026 | -6.44% |
| Mar 31, 2026 | -3.13% |
| Dec 31, 2025 | -0.29% |
| Sep 30, 2025 | 1.03% |
| Jun 30, 2025 | 0.38% |
| Mar 31, 2025 | 1.35% |
| Dec 31, 2024 | 1.96% |
| Sep 30, 2024 | 0.89% |
| Jun 30, 2024 | -1.05% |
| Mar 31, 2024 | 0.07% |
| 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% |
API Access
Coupang Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CPNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CPNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CPNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();