Coupang (CPNG) Operating Expenses (2020 - 2026)
Coupang's (CPNG) quarterly Operating Expenses came in at $8.7 billion in Q1 2026, up 12.79% YoY from $7.8 billion in Q1 2025, and down 0.92% on a QoQ basis from $8.8 billion in Q4 2025.
Coupang (CPNG) Operating Expenses (2020 - 2026) Analysis & Trends
Coupang (CPNG) has 7 years of Operating Expenses data on file, last reported at $8.7 billion in Q1 2026.
- Quarterly Operating Expenses rose 12.79% year-over-year to $8.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $35.1 billion (up 14.88% YoY) and the FY2025 annual result came in at $34.1 billion, up 14.18% from the prior year.
- Operating Expenses retreated to $8.7 billion in Q1 2026, from $8.8 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $9.1 billion in Q3 2025 to a low of $5.0 billion in Q3 2022.
- A 5-year average of $6.9 billion and a median of $7.1 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses declined 4.19% — and 2024, when it rose 29.14%.
- Tracing CPNG's Operating Expenses over 5 years: stood at $5.2 billion in 2022, then gained by 22.62% to $6.4 billion in 2023, then rose by 19.02% to $7.7 billion in 2024, then grew by 15.34% to $8.8 billion in 2025, then fell by 0.92% to $8.7 billion in 2026.
- The last three Operating Expenses figures came in at $8.7 billion (Q1 2026), $8.8 billion (Q4 2025), and $9.1 billion (Q3 2025), per Business Quant data.
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| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,935.79 Bn | 2,812.80 Bn | 198.88 Bn | 330.81 Bn |
| 2 | PDD Holdings | 506.20 Bn | 446.66 Bn | 9.83 Bn | -5.87 Bn |
| 3 | Mercadolibre | 98.23 Bn | 83.04 Bn | 4.16 Bn | 3.48 Bn |
| 4 | DoorDash | 93.16 Bn | 87.81 Bn | 2.35 Bn | 4.30 Bn |
| 5 | JD.com | 86.95 Bn | 57.77 Bn | 7.66 Bn | -1.51 Bn |
| 6 | Sea | 77.92 Bn | 69.41 Bn | 3.15 Bn | -2.55 Bn |
| 7 | Ebay | 47.22 Bn | 43.92 Bn | 2.30 Bn | 1.63 Bn |
| 8 | Coupang | 29.65 Bn | 23.54 Bn | 2.49 Bn | 9.41 Bn |
| 9 | Zkh | 16.36 Bn | 16.36 Bn | 51.11 Mn | -23.28 Mn |
| 10 | Wayfair | 13.67 Bn | 12.52 Bn | 1.05 Bn | 950.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.41 Bn |
| Mar 31, 2026 | 8.75 Bn |
| Dec 31, 2025 | 8.83 Bn |
| Sep 30, 2025 | 9.11 Bn |
| Jun 30, 2025 | 8.38 Bn |
| Mar 31, 2025 | 7.75 Bn |
| Dec 31, 2024 | 7.65 Bn |
| Sep 30, 2024 | 7.76 Bn |
| Jun 30, 2024 | 7.35 Bn |
| Mar 31, 2024 | 7.07 Bn |
| Dec 31, 2023 | 6.43 Bn |
| Sep 30, 2023 | 6.10 Bn |
| Jun 30, 2023 | 5.69 Bn |
| Mar 31, 2023 | 5.69 Bn |
| Dec 31, 2022 | 5.24 Bn |
| Sep 30, 2022 | 5.02 Bn |
| Jun 30, 2022 | 5.10 Bn |
| Mar 31, 2022 | 5.32 Bn |
| Dec 31, 2021 | 5.47 Bn |
| Sep 30, 2021 | 4.96 Bn |