Coupang (CPNG) Payables (2020 - 2026)
Coupang's Payables was $8.31 billion in Q2 2026, up 14.3% from $7.27 billion a year earlier and up 8.9% from the prior quarter.
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Analysis
Coupang (CPNG) Payables (2020 - 2026) Analysis & Trends
At the end of FY2025, Payables at Coupang came in at $7.26 billion, up 20.3% from FY2024.
- Payables has now increased for five consecutive years, with a five-year compound annual growth rate of 18.8% (FY2020 to FY2025).
- In earlier years, Payables was $6.03 billion in FY2024 (+12.1%), $5.38 billion in FY2023 (+41.7%), $3.8 billion in FY2022 (+10.0%) and $3.45 billion in FY2021 (+12.6%).
- The Q2 2026 figure marks the highest quarterly Payables in data going back to Q4 2020.
- Compared with a year earlier, Payables has increased for 15 straight quarters, with growth averaging 20.2% over the last eight quarters.
- The best year-over-year quarter for Payables over five years was Q3 2023 (growth of 56.4%); the worst was Q3 2022 (a decline of 8.4%).
- Per Business Quant data, CPNG's Payables in the three quarters before Q2 2026 was $7.64 billion (Q1 2026), $7.26 billion (Q4 2025) and $8.17 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,807.22 Bn | 2,303.89 Bn | 107.37 Bn | 158.72 Bn |
| 2 | Home Depot | 347.46 Bn | 340.70 Bn | 16.12 Bn | 17.83 Bn |
| 3 | Tjx Companies | 153.51 Bn | 131.06 Bn | 5.07 Bn | 5.02 Bn |
| 4 | Lowes Companies | 127.28 Bn | 120.25 Bn | 8.58 Bn | 11.08 Bn |
| 5 | O Reilly Automotive | 75.34 Bn | 74.43 Bn | 2.52 Bn | 7.38 Bn |
| 6 | Ross Stores | 74.38 Bn | 57.31 Bn | 2.12 Bn | 2.62 Bn |
| 7 | Target | 71.81 Bn | 66.40 Bn | 8.94 Bn | 13.31 Bn |
| 8 | Autozone | 54.47 Bn | 53.32 Bn | 3.52 Bn | 8.60 Bn |
| 9 | Carvana | 52.23 Bn | 41.81 Bn | 1.52 Bn | 1.86 Bn |
| 10 | Coupang | 29.54 Bn | 5.36 Bn | 2.56 Bn | 8.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.52 Bn |
| 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 |
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();