Coupang (CPNG) Operating Margin (2020 - 2026)
Coupang (CPNG) reported Operating Margin of 2.85% for Q1 2026, down 479.0% year-on-year from 0.75% in Q1 2025, and down 3242.74% quarter-over-quarter from 0.09% in Q4 2025.
Coupang (CPNG) has 7 years of Operating Margin data on file, last reported at 2.85% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 479.0% year-over-year to 2.85%; the trailing twelve-month figure through Mar 2026 stood at 0.22% (down 155.0% YoY), and the FY2025 full-year result was 1.37%, down 7.0% from the prior year.
- Operating Margin for Q1 2026 stood at 2.85%, down from 0.09% in the prior quarter.
- Across five years, Operating Margin topped out at 3.92% in Q4 2024 and bottomed at 4.02% in Q1 2022.
- A 5-year average of 0.81% and a median of 1.52% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin jumped 1017 bps in 2022 and sank 479 bps in 2026, its largest moves.
- Tracing CPNG's Operating Margin over 5 years: stood at 1.57% in 2022, then increased by 27 bps to 2.0% in 2023, then surged by 96 bps to 3.92% in 2024, then sank by 98 bps to 0.09% in 2025, then slumped by 3243 bps to 2.85% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 2.85%, 0.09%, and 1.75% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,861.08 Bn | 2,717.99 Bn | 171.21 Bn | 13.14% |
| 2 | Alibaba Group Holding | 348.49 Bn | 315.38 Bn | 12.18 Bn | -0.35% |
| 3 | Mercadolibre | 84.38 Bn | 78.73 Bn | 3.86 Bn | 6.91% |
| 4 | DoorDash | 69.78 Bn | 64.91 Bn | 2.04 Bn | 3.74% |
| 5 | Ebay | 51.86 Bn | 48.00 Bn | 2.29 Bn | 19.78% |
| 6 | Coupang | 29.42 Bn | 29.33 Bn | 2.30 Bn | -2.85% |
| 7 | Maplebear | 9.86 Bn | 9.17 Bn | 738.00 Mn | 17.86% |
| 8 | Wayfair | 8.79 Bn | 7.72 Bn | 880.00 Mn | -0.38% |
| 9 | Chewy | 8.58 Bn | 7.71 Bn | 959.70 Mn | 1.30% |
| 10 | Etsy | 6.00 Bn | 4.58 Bn | 455.60 Mn | 18.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.85% |
| Dec 31, 2025 | 0.09% |
| Sep 30, 2025 | 1.75% |
| Jun 30, 2025 | 1.75% |
| Mar 31, 2025 | 1.95% |
| Dec 31, 2024 | 3.92% |
| Sep 30, 2024 | 1.39% |
| Jun 30, 2024 | -0.34% |
| Mar 31, 2024 | 0.56% |
| Dec 31, 2023 | 2.00% |
| Sep 30, 2023 | 1.42% |
| Jun 30, 2023 | 2.54% |
| Mar 31, 2023 | 1.84% |
| Dec 31, 2022 | 1.57% |
| Sep 30, 2022 | 1.52% |
| Jun 30, 2022 | -1.33% |
| Mar 31, 2022 | -4.02% |
| Dec 31, 2021 | -7.81% |
| Sep 30, 2021 | -6.78% |
| Jun 30, 2021 | -11.50% |
| Mar 31, 2021 | -6.35% |
| Dec 31, 2020 | -3.44% |
| Sep 30, 2020 | -6.89% |
| Jun 30, 2020 | -3.64% |
| Mar 31, 2020 | -3.05% |