Coupang (CPNG) Payables (2020 - 2026)
Coupang's (CPNG) quarterly Payables came in at $8.3 billion in Q2 2026, up 14.32% on a YoY basis from $7.3 billion in Q2 2025, and up 8.85% quarter-over-quarter from $7.6 billion in Q1 2026.
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Analysis
Coupang (CPNG) Payables (2020 - 2026) Analysis & Trends
Coupang (CPNG) has reported Payables for 7 consecutive years, with $8.3 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payables rose 14.32% year-over-year to $8.3 billion; the trailing twelve-month figure through Jun 2026 stood at $8.3 billion (up 14.32% YoY), and the FY2025 full-year result was $7.3 billion, up 20.3% from the prior year.
- Payables grew to $8.3 billion in Q2 2026 per CPNG's latest filing, from $7.6 billion in the prior quarter.
- Across five years, Payables topped out at $8.3 billion in Q2 2026 and bottomed at $3.1 billion in Q3 2022.
- Historically, Payables has averaged $5.6 billion across 5 years, with a median of $5.8 billion in 2024.
- The sharpest annual moves came in 2022 and 2023: Payables fell 8.41% in 2022, then jumped 56.38% in 2023.
- Over 5 years, Payables stood at $3.8 billion in 2022, then soared by 41.72% to $5.4 billion in 2023, then increased by 12.12% to $6.0 billion in 2024, then climbed by 20.3% to $7.3 billion in 2025, then gained by 14.54% to $8.3 billion in 2026.
- According to Business Quant data, Payables over the past three periods registered $8.3 billion, $7.6 billion, and $7.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,735.76 Bn | 2,612.77 Bn | 198.88 Bn | 147.44 Bn |
| 2 | JD.com | 32.66 Bn | 9.40 Bn | 16.50 Bn | 34.14 Bn |
| 3 | Coupang | 25.61 Bn | 19.50 Bn | 2.49 Bn | 8.31 Bn |
| 4 | Wayfair | 13.93 Bn | 12.79 Bn | 1.05 Bn | 1.32 Bn |
| 5 | GigaCloud Technology | 3.80 Bn | 3.42 Bn | 105.56 Mn | 86.13 Mn |
| 6 | Pattern | 3.04 Bn | 2.69 Bn | 384.36 Mn | 300.26 Mn |
| 7 | Yunji | 1.88 Bn | 1.86 Bn | - | 25.35 Mn |
| 8 | Revolve | 1.47 Bn | 1.13 Bn | 196.67 Mn | 86.54 Mn |
| 9 | ATRenew | 632.36 Mn | 371.23 Mn | -705.59 Mn | 56.20 Mn |
| 10 | Stitch Fix | 398.30 Mn | 211.49 Mn | 148.84 Mn | 106.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.31 Bn |
| Mar 31, 2026 | 7.64 Bn |
| Dec 31, 2025 | 7.26 Bn |
| Sep 30, 2025 | 8.17 Bn |
| Jun 30, 2025 | 7.27 Bn |
| Mar 31, 2025 | 6.26 Bn |
| Dec 31, 2024 | 6.03 Bn |
| Sep 30, 2024 | 6.28 Bn |
| Jun 30, 2024 | 5.96 Bn |
| Mar 31, 2024 | 5.64 Bn |
| Dec 31, 2023 | 5.38 Bn |
| Sep 30, 2023 | 4.85 Bn |
| Jun 30, 2023 | 4.31 Bn |
| Mar 31, 2023 | 3.91 Bn |
| Dec 31, 2022 | 3.80 Bn |
| Sep 30, 2022 | 3.10 Bn |
| Jun 30, 2022 | 3.34 Bn |
| Mar 31, 2022 | 3.34 Bn |
| Dec 31, 2021 | 3.45 Bn |
| Sep 30, 2021 | 3.38 Bn |
API Access
Coupang Payables 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=payables&ticker=CPNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=CPNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();