Coupang (CPNG) Net Margin (2020 - 2026)
Coupang's (CPNG) quarterly Net Margin came in at 6.44% in Q2 2026, down 680.0% on a YoY basis from 1.11% in Q2 2025, and down 105.77% quarter-over-quarter from 3.13% in Q1 2026.
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Analysis
Coupang (CPNG) Net Margin (2020 - 2026) Analysis & Trends
Coupang (CPNG) has reported Net Margin for 7 consecutive years, with 6.44% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 680.0% year-over-year to 6.44%; the trailing twelve-month figure through Jun 2026 stood at 2.16% (down 322.0% YoY), and the FY2025 full-year result was 0.62%, up 40.0% from the prior year.
- Net Margin slipped to 6.44% in Q2 2026 per CPNG's latest filing, from 3.13% in the prior quarter.
- Across five years, Net Margin topped out at 15.74% in Q4 2023 and bottomed at 6.44% in Q2 2026.
- Historically, Net Margin has averaged 0.72% across 5 years, with a median of 0.92% in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin soared 1383 bps in 2023, then slumped 1410 bps in 2024.
- Over 5 years, Net Margin stood at 1.92% in 2022, then jumped by 721 bps to 15.74% in 2023, then plunged by 90 bps to 1.64% in 2024, then plunged by 118 bps to 0.29% in 2025, then plunged by 2087 bps to 6.44% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 6.44%, 3.13%, and 0.29% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,735.76 Bn | 2,612.77 Bn | 198.88 Bn | 24.31% |
| 2 | JD.com | 32.66 Bn | 9.40 Bn | 16.50 Bn | 1.85% |
| 3 | Coupang | 25.61 Bn | 19.50 Bn | 2.49 Bn | -6.44% |
| 4 | Wayfair | 13.93 Bn | 12.79 Bn | 1.05 Bn | -0.03% |
| 5 | GigaCloud Technology | 3.80 Bn | 3.42 Bn | 105.56 Mn | 10.28% |
| 6 | Pattern | 3.04 Bn | 2.69 Bn | 384.36 Mn | 3.14% |
| 7 | Yunji | 1.88 Bn | 1.86 Bn | - | - |
| 8 | Revolve | 1.47 Bn | 1.13 Bn | 196.67 Mn | 5.36% |
| 9 | ATRenew | 632.36 Mn | 371.23 Mn | -705.59 Mn | 50.07% |
| 10 | Stitch Fix | 398.30 Mn | 211.49 Mn | 148.84 Mn | -0.45% |
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% |
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();