Coupang (CPNG) Operating Income (2020 - 2026)
Coupang's (CPNG) quarterly Operating Income came in at -$242.0 million in Q1 2026, down 257.14% YoY from $154.0 million in Q1 2025, and down 3125.0% on a QoQ basis from $8.0 million in Q4 2025.
Coupang (CPNG) Operating Income (2020 - 2026) Analysis & Trends
Coupang (CPNG) has 7 years of Operating Income data on file, last reported at -$242.0 million in Q1 2026.
- Quarterly Operating Income fell 257.14% year-over-year to -$242.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $77.0 million (down 86.0% YoY) and the FY2025 annual result came in at $473.0 million, up 8.49% from the prior year.
- Operating Income eased to -$242.0 million in Q1 2026, from $8.0 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $312.0 million in Q4 2024 to a low of -$242.0 million in Q1 2026.
- A 5-year average of $60.5 million and a median of $88.0 million in 2023 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2025 — Operating Income soared 696.0% — and 2026, when it tumbled 257.14%.
- Tracing CPNG's Operating Income over 5 years: stood at $83.4 million in 2022, then jumped by 57.02% to $131.0 million in 2023, then surged by 138.17% to $312.0 million in 2024, then plunged by 97.44% to $8.0 million in 2025, then slumped by 3125.0% to -$242.0 million in 2026.
- The last three Operating Income figures came in at -$242.0 million (Q1 2026), $8.0 million (Q4 2025), and $162.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 3,101.08 Bn | 2,978.09 Bn | 198.88 Bn | 51.31 Bn |
| 2 | PDD Holdings | 513.02 Bn | 453.48 Bn | 9.83 Bn | 3.96 Bn |
| 3 | DoorDash | 94.28 Bn | 88.76 Bn | 2.35 Bn | 156.00 Mn |
| 4 | Mercadolibre | 92.30 Bn | 78.87 Bn | 4.16 Bn | 683.00 Mn |
| 5 | JD.com | 90.34 Bn | 70.43 Bn | 7.66 Bn | 552.00 Mn |
| 6 | Sea | 67.47 Bn | 58.95 Bn | 3.15 Bn | 5.70 Bn |
| 7 | Ebay | 49.94 Bn | 46.08 Bn | 2.30 Bn | 676.00 Mn |
| 8 | Coupang | 29.36 Bn | 29.27 Bn | 2.49 Bn | -556.00 Mn |
| 9 | Zkh | 16.08 Bn | 16.08 Bn | 51.11 Mn | -3.26 Mn |
| 10 | Wayfair | 14.50 Bn | 13.35 Bn | 1.05 Bn | 104.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -556.00 Mn |
| Mar 31, 2026 | -242.00 Mn |
| Dec 31, 2025 | 8.00 Mn |
| Sep 30, 2025 | 162.00 Mn |
| Jun 30, 2025 | 149.00 Mn |
| Mar 31, 2025 | 154.00 Mn |
| Dec 31, 2024 | 312.00 Mn |
| Sep 30, 2024 | 109.00 Mn |
| Jun 30, 2024 | -25.00 Mn |
| Mar 31, 2024 | 40.00 Mn |
| Dec 31, 2023 | 131.00 Mn |
| Sep 30, 2023 | 88.00 Mn |
| Jun 30, 2023 | 148.00 Mn |
| Mar 31, 2023 | 107.00 Mn |
| Dec 31, 2022 | 83.43 Mn |
| Sep 30, 2022 | 77.42 Mn |
| Jun 30, 2022 | -67.14 Mn |
| Mar 31, 2022 | -205.71 Mn |
| Dec 31, 2021 | -396.64 Mn |
| Sep 30, 2021 | -315.11 Mn |