Coupang (CPNG) Notes Payables (2020 - 2026)
Coupang's Notes Payables was $1.99 billion in Q2 2026, up 152.9% from $785 million a year earlier and up 18.7% from the prior quarter.
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Analysis
Coupang (CPNG) Notes Payables (2020 - 2026) Analysis & Trends
At the end of FY2025, Notes Payables at Coupang came in at $960 million, up 100.4% from FY2024.
- Notes Payables has now increased for three consecutive years, with a five-year compound annual growth rate of 43.7% (FY2020 to FY2025).
- In earlier years, Notes Payables was $479 million in FY2024 (+69.9%), $282 million in FY2023 (+61.1%), $175 million in FY2022 and $7.81 million in FY2021 (-95.0%).
- The Q2 2026 figure marks the highest quarterly Notes Payables in data going back to Q4 2020.
- Compared with a year earlier, Notes Payables has increased for 13 straight quarters, with growth averaging 135.9% over the last eight quarters.
- The best year-over-year quarter for Notes Payables over five years was Q2 2023 (growth of 388.4%); the worst was Q1 2022 (a decline of 95.0%).
- Per Business Quant data, CPNG's Notes Payables in the three quarters before Q2 2026 was $1.67 billion (Q1 2026), $960 million (Q4 2025) and $1.37 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,807.22 Bn | 2,303.89 Bn | 107.37 Bn |
| 2 | Home Depot | 347.46 Bn | 340.70 Bn | 16.12 Bn |
| 3 | Tjx Companies | 153.51 Bn | 131.06 Bn | 5.07 Bn |
| 4 | Lowes Companies | 127.28 Bn | 120.25 Bn | 8.58 Bn |
| 5 | O Reilly Automotive | 75.34 Bn | 74.43 Bn | 2.52 Bn |
| 6 | Ross Stores | 74.38 Bn | 57.31 Bn | 2.12 Bn |
| 7 | Target | 71.81 Bn | 66.40 Bn | 8.94 Bn |
| 8 | Autozone | 54.47 Bn | 53.32 Bn | 3.52 Bn |
| 9 | Carvana | 52.23 Bn | 41.81 Bn | 1.52 Bn |
| 10 | Coupang | 29.54 Bn | 5.36 Bn | 2.56 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 988.00 Mn |
| Jun 30, 2026 | 1.99 Bn |
| Mar 31, 2026 | 1.67 Bn |
| Dec 31, 2025 | 960.00 Mn |
| Sep 30, 2025 | 1.37 Bn |
| Jun 30, 2025 | 785.00 Mn |
| Mar 31, 2025 | 556.00 Mn |
| Dec 31, 2024 | 479.00 Mn |
| Sep 30, 2024 | 379.00 Mn |
| Jun 30, 2024 | 336.00 Mn |
| Mar 31, 2024 | 272.00 Mn |
| Dec 31, 2023 | 282.00 Mn |
| Sep 30, 2023 | 232.09 Mn |
| Jun 30, 2023 | 232.25 Mn |
| Mar 31, 2023 | 223.45 Mn |
| Dec 31, 2022 | 175.00 Mn |
| Sep 30, 2022 | 159.64 Mn |
| Jun 30, 2022 | 47.55 Mn |
| Mar 31, 2022 | 7.69 Mn |
| Dec 31, 2021 | 7.81 Mn |
API Access
Coupang Notes Payables 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=notes-payables&ticker=CPNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "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=notes-payables&ticker=CPNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();