Net Other Revenue was Coupang’s largest product and service line in fiscal 2025, bringing in $8.22B of $16.44B (50%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Net Retail Sales | $18.34B | $21.22B | $23.87B | — | |||
| Net Other Revenue | — | — | — | $8.22B | |||
| Third-Party Merchant Services | $1.87B | $2.58B | $5.58B | $7.11B | |||
| Other Revenue | $375.00M | $584.00M | $822.00M | $1.11B | |||
| Total | $20.58B | $24.38B | $30.27B | $16.44B |
Coupang brought in $16.44B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. Coupang regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $30.27B. Net Other Revenue was the largest at $8.22B (50.0%), ahead of Third-Party Merchant Services at $7.11B (43.3%) and Other Revenue at $1.11B (6.7%).
Compared with fiscal 2024, Other Revenue grew 34.9% to $1.11B and Third-Party Merchant Services grew 27.5% to $7.11B.
Coupang began breaking out Net Other Revenue in fiscal 2025, when it brought in $8.22B. Coupang stopped reporting Net Retail Sales as a separate line after fiscal 2024, when it brought in $23.87B.
Product Commerce was Coupang’s largest segment in fiscal 2024, bringing in $26.70B of $30.27B (88%).
| Statement Business Segments | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Product Commerce | $17.84B | $19.96B | $23.59B | $26.70B |
| Developing Offerings | $568.00M | $628.00M | $789.00M | $3.57B |
| Total | $18.41B | $20.58B | $24.38B | $30.27B |
Coupang brought in $30.27B from its two segments in fiscal 2024, the year ended December 31, 2024. That was up 24.1% from $24.38B in fiscal 2023. Product Commerce was the largest at $26.70B (88.2%), ahead of Developing Offerings at $3.57B (11.8%).
Compared with fiscal 2023, Developing Offerings grew 352.3% to $3.57B and Product Commerce grew 13.2% to $26.70B. From fiscal 2021 to 2024, combined revenue from these segments grew from $18.41B to $30.27B, a compound annual growth rate of 18.0%. Product Commerce's share of the total fell from 96.9% to 88.2%.
Coupang (CPNG) reports its revenue by product and service and by statement business segments. In fiscal 2025, Net Other Revenue was its largest product and service line, bringing in $8.22B (50.0% of the total), followed by Third-Party Merchant Services at $7.11B (43.3%).
Net Other Revenue was Coupang's largest product and service line in fiscal 2025, bringing in $8.22B, or 50.0% of the $16.44B total across its three product and service lines.
Product Commerce was Coupang's largest segment in fiscal 2024, bringing in $26.70B, or 88.2% of the $30.27B total across its two segments.
Developing Offerings grew faster than Product Commerce in fiscal 2024, up 352.3% from $789.00M to $3.57B. Product Commerce grew 13.2% to $26.70B.
Every figure comes from Coupang's annual financial filings, as reported. Each line keeps the name Coupang gives it, and years follow its fiscal calendar.
Coupang's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.