Coupang (CPNG) Operating Expenses (2020 - 2026)
Coupang's (CPNG) quarterly Operating Expenses came in at $9.4 billion in Q2 2026, up 12.38% on a YoY basis from $8.4 billion in Q2 2025, and up 7.61% quarter-over-quarter from $8.7 billion in Q1 2026.
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Analysis
Coupang (CPNG) Operating Expenses (2020 - 2026) Analysis & Trends
Coupang (CPNG) has reported Operating Expenses for 7 consecutive years, with $9.4 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 12.38% year-over-year to $9.4 billion; the trailing twelve-month figure through Jun 2026 stood at $36.1 billion (up 14.43% YoY), and the FY2025 full-year result was $34.1 billion, up 14.18% from the prior year.
- Operating Expenses advanced to $9.4 billion in Q2 2026 per CPNG's latest filing, from $8.7 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $9.4 billion in Q2 2026 and bottomed at $5.0 billion in Q3 2022.
- Historically, Operating Expenses has averaged $7.0 billion across 5 years, with a median of $7.2 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses fell 4.19% in 2022, then gained 29.14% in 2024.
- Over 5 years, Operating Expenses stood at $5.2 billion in 2022, then climbed by 22.62% to $6.4 billion in 2023, then advanced by 19.02% to $7.7 billion in 2024, then rose by 15.34% to $8.8 billion in 2025, then increased by 6.63% to $9.4 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $9.4 billion, $8.7 billion, and $8.8 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,735.76 Bn | 2,612.77 Bn | 198.88 Bn | 330.81 Bn |
| 2 | JD.com | 32.66 Bn | 9.40 Bn | 16.50 Bn | -3.06 Bn |
| 3 | Coupang | 25.61 Bn | 19.50 Bn | 2.49 Bn | 9.41 Bn |
| 4 | Wayfair | 13.93 Bn | 12.79 Bn | 1.05 Bn | 950.00 Mn |
| 5 | GigaCloud Technology | 3.80 Bn | 3.42 Bn | 105.56 Mn | 58.05 Mn |
| 6 | Pattern | 3.04 Bn | 2.69 Bn | 384.36 Mn | 841.24 Mn |
| 7 | Yunji | 1.88 Bn | 1.86 Bn | - | - |
| 8 | Revolve | 1.47 Bn | 1.13 Bn | 196.67 Mn | 174.57 Mn |
| 9 | ATRenew | 632.36 Mn | 371.23 Mn | -705.59 Mn | -25.40 Mn |
| 10 | Stitch Fix | 398.30 Mn | 211.49 Mn | 148.84 Mn | 152.85 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Coupang Operating Expenses 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=operating-expenses&ticker=CPNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=CPNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();