Coupang (CPNG) Operating Leases (2020 - 2026)
Coupang's Operating Leases was $2.47 billion in Q2 2026, up 8.8% from $2.27 billion a year earlier but down 3.1% from the prior quarter.
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Analysis
Coupang (CPNG) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at Coupang came in at $2.48 billion, up 40.2% from FY2024.
- Operating Leases has now increased for five consecutive years, with a five-year compound annual growth rate of 23.6% (FY2020 to FY2025).
- In earlier years, Operating Leases was $1.77 billion in FY2024 (+27.6%), $1.39 billion in FY2023 (+12.4%), $1.23 billion in FY2022 (+2.7%) and $1.2 billion in FY2021 (+39.8%).
- Quarterly Operating Leases has moved between $1.1 billion (Q3 2021) and $2.55 billion (Q1 2026) over five years.
- Compared with a year earlier, Operating Leases has increased for 12 straight quarters, with growth averaging 28.8% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was Q3 2024 (growth of 52.1%); the worst was Q1 2023 (a decline of 9.2%).
- Per Business Quant data, CPNG's Operating Leases in the three quarters before Q2 2026 was $2.55 billion (Q1 2026), $2.48 billion (Q4 2025) and $2.44 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Amazon Com | 2,807.22 Bn | 2,303.89 Bn | 107.37 Bn |
| 2 | Home Depot | 347.46 Bn | 340.70 Bn | 16.12 Bn |
| 3 | Tjx Companies | 153.51 Bn | 131.06 Bn | 5.07 Bn |
| 4 | Lowes Companies | 127.28 Bn | 120.25 Bn | 8.58 Bn |
| 5 | O Reilly Automotive | 75.34 Bn | 74.43 Bn | 2.52 Bn |
| 6 | Ross Stores | 74.38 Bn | 57.31 Bn | 2.12 Bn |
| 7 | Target | 71.81 Bn | 66.40 Bn | 8.94 Bn |
| 8 | Autozone | 54.47 Bn | 53.32 Bn | 3.52 Bn |
| 9 | Carvana | 52.23 Bn | 41.81 Bn | 1.52 Bn |
| 10 | Coupang | 29.54 Bn | 5.36 Bn | 2.56 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.65 Bn |
| 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 | 1.14 Bn |
| Jun 30, 2022 | 1.27 Bn |
| Mar 31, 2022 | 1.30 Bn |
| Dec 31, 2021 | 1.20 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();