Coupang (CPNG) Payables (2020 - 2026)
Coupang (CPNG) recorded quarterly Payables of $7.6 billion in Q1 2026, up 5.22% on a QoQ basis from $7.3 billion in Q4 2025, and up 22.04% year-over-year from $6.3 billion in Q1 2025.
Coupang (CPNG) Payables (2020 - 2026) Analysis & Trends
Coupang has disclosed Payables across 7 years of filings, most recently posting $7.6 billion for Q1 2026.
- Quarterly Payables rose 22.04% year-over-year to $7.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.6 billion (up 22.04% YoY) and the FY2025 annual result came in at $7.3 billion, up 20.3% from the prior year.
- Payables climbed to $7.6 billion in Q1 2026, from $7.3 billion in the prior quarter.
- Over five years, Payables peaked at $8.2 billion in Q3 2025 and troughed at $3.1 billion in Q3 2022.
- A 5-year average of $5.4 billion and a median of $5.6 billion in 2024 frame the typical range for Payables.
- Annual changes were most pronounced in 2022 — Payables declined 8.41% — and 2023, when it soared 56.38%.
- Tracing CPNG's Payables over 5 years: 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 advanced by 5.22% to $7.6 billion in 2026.
- Business Quant data shows CPNG's Payables at $7.6 billion in Q1 2026, $7.3 billion in Q4 2025, and $8.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 124.75 Bn |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 5.04 Bn |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | 268.00 Mn |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | 7.10 Bn |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 311.00 Mn |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 7.64 Bn |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | 1.09 Bn |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | 48.00 Mn |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | 1.31 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 3.37 Bn |