Coupang (CPNG) Operating Leases (2020 - 2026)
Coupang's (CPNG) quarterly Operating Leases came in at $2.5 billion in Q2 2026, up 8.81% on a YoY basis from $2.3 billion in Q2 2025, and down 3.14% quarter-over-quarter from $2.6 billion in Q1 2026.
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Analysis
Coupang (CPNG) Operating Leases (2020 - 2026) Analysis & Trends
Coupang (CPNG) has reported Operating Leases for 7 consecutive years, with $2.5 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Leases rose 8.81% year-over-year to $2.5 billion; the trailing twelve-month figure through Jun 2026 stood at $2.5 billion (up 8.81% YoY), and the FY2025 full-year result was $2.5 billion, up 40.23% from the prior year.
- Operating Leases slipped to $2.5 billion in Q2 2026 per CPNG's latest filing, from $2.6 billion in the prior quarter.
- Across five years, Operating Leases topped out at $2.6 billion in Q1 2026 and bottomed at $1.2 billion in Q1 2023.
- Historically, Operating Leases has averaged $1.8 billion across 5 years, with a median of $1.7 billion in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Leases retreated 26.2% in 2023, then surged 52.11% in 2024.
- Over 5 years, Operating Leases stood at $1.2 billion in 2022, then rose by 12.4% to $1.4 billion in 2023, then rose by 27.61% to $1.8 billion in 2024, then jumped by 40.23% to $2.5 billion in 2025, then slipped by 0.48% to $2.5 billion in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $2.5 billion, $2.6 billion, and $2.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,735.76 Bn | 2,612.77 Bn | 198.88 Bn |
| 2 | JD.com | 32.66 Bn | 9.40 Bn | 16.50 Bn |
| 3 | Coupang | 25.61 Bn | 19.50 Bn | 2.49 Bn |
| 4 | Wayfair | 13.93 Bn | 12.79 Bn | 1.05 Bn |
| 5 | GigaCloud Technology | 3.80 Bn | 3.42 Bn | 105.56 Mn |
| 6 | Pattern | 3.04 Bn | 2.69 Bn | 384.36 Mn |
| 7 | Yunji | 1.88 Bn | 1.86 Bn | - |
| 8 | Revolve | 1.47 Bn | 1.13 Bn | 196.67 Mn |
| 9 | ATRenew | 632.36 Mn | 371.23 Mn | -705.59 Mn |
| 10 | Stitch Fix | 398.30 Mn | 211.49 Mn | 148.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.47 Bn |
| Mar 31, 2026 | 2.55 Bn |
| Dec 31, 2025 | 2.48 Bn |
| Sep 30, 2025 | 2.44 Bn |
| Jun 30, 2025 | 2.27 Bn |
| Mar 31, 2025 | 2.08 Bn |
| Dec 31, 2024 | 1.77 Bn |
| Sep 30, 2024 | 1.97 Bn |
| Jun 30, 2024 | 1.74 Bn |
| Mar 31, 2024 | 1.67 Bn |
| Dec 31, 2023 | 1.39 Bn |
| Sep 30, 2023 | 1.30 Bn |
| Jun 30, 2023 | 1.26 Bn |
| Mar 31, 2023 | 1.18 Bn |
| Dec 31, 2022 | 1.23 Bn |
| Sep 30, 2022 | 1.42 Bn |
| Jun 30, 2022 | 1.57 Bn |
| Mar 31, 2022 | 1.60 Bn |
| Dec 31, 2021 | 1.20 Bn |
| Sep 30, 2021 | 1.36 Bn |
API Access
Coupang Operating Leases 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-leases&ticker=CPNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=CPNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();