Coupang (CPNG) Operating Expenses (2020 - 2026)

Coupang has disclosed Operating Expenses across 7 years of filings, most recently posting $8.7 billion for 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 declined to $8.7 billion in Q1 2026, from $8.8 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $9.1 billion in Q3 2025 and troughed at $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 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 decreased by 0.92% to $8.7 billion in 2026.
• Business Quant data shows CPNG's Operating Expenses at $8.7 billion in Q1 2026, $8.8 billion in Q4 2025, and $9.1 billion in Q3 2025.