Coupang, Inc. (CPNG) Operating Margin (2020 - 2026)

Coupang (CPNG) has reported Operating Margin for 7 consecutive years, with 2.85% the latest figure, recorded in Q1 2026.

• Operating Margin for Q1 2026 came in at 2.85%, down 479.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.22% (down 155.0% YoY), and the FY2025 annual result was 1.37%, down 7.0% from the prior year.
• Operating Margin was 2.85% for Q1 2026 at Coupang, down from 0.09% in the prior quarter.
• Over five years, Operating Margin peaked at 3.92% in Q4 2024 and troughed at 4.02% in Q1 2022.
• Average Operating Margin over 5 years is 0.81%, with a median of 1.52% recorded in 2022.
• Year-over-year, Operating Margin soared 1017 bps in 2022 and sank 479 bps in 2026.
• Over 5 years, Operating Margin 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 tumbled by 98 bps to 0.09% in 2025, then plunged by 3243 bps to 2.85% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 2.85% in Q1 2026, 0.09% in Q4 2025, and 1.75% in Q3 2025.