Coupang (CPNG) Operating Margin (2020 - 2026)
Coupang (CPNG) reported Operating Margin of -6.28% for Q2 2026, down 8.03 percentage points from 1.75% a year earlier and down 3.43 percentage points from the prior quarter.
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Analysis
Coupang (CPNG) Operating Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Coupang's Operating Margin came in at -1.77%, down 4.01 percentage points year-over-year; for FY2025, it was 1.37%, down 0.07 percentage points from FY2024.
- Operating Margin has a five-year change of +5.68 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 1.44% in FY2024 (-0.50 pp), 1.94% in FY2023 (+2.48 pp), -0.54% in FY2022 (+7.57 pp) and -8.12% in FY2021 (-3.81 pp).
- The Q2 2026 figure ranks as the lowest quarterly Operating Margin since Q4 2021.
- Year over year, Operating Margin has now declined in each of the last three quarters, with an average year-over-year change of -1.37 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q2 2022 (a gain of 10.17 percentage points); the low point was Q2 2026 (a drop of 8.03 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -2.85% (Q1 2026), 0.09% (Q4 2025) and 1.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,807.22 Bn | 2,303.89 Bn | 107.37 Bn | 13.90% |
| 2 | Home Depot | 347.46 Bn | 340.70 Bn | 16.12 Bn | 14.29% |
| 3 | Tjx Companies | 153.51 Bn | 131.06 Bn | 5.07 Bn | 13.09% |
| 4 | Lowes Companies | 127.28 Bn | 120.25 Bn | 8.58 Bn | 13.67% |
| 5 | O Reilly Automotive | 75.34 Bn | 74.43 Bn | 2.52 Bn | 20.15% |
| 6 | Ross Stores | 74.38 Bn | 57.31 Bn | 2.12 Bn | 17.62% |
| 7 | Target | 71.81 Bn | 66.40 Bn | 8.94 Bn | 9.65% |
| 8 | Autozone | 54.47 Bn | 53.32 Bn | 3.52 Bn | 19.97% |
| 9 | Carvana | 52.23 Bn | 41.81 Bn | 1.52 Bn | 8.88% |
| 10 | Coupang | 29.54 Bn | 5.36 Bn | 2.56 Bn | -4.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -4.52% |
| Jun 30, 2026 | -6.28% |
| 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% |
API Access
Coupang Operating Margin 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-margin&ticker=CPNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=CPNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();