Net Retail Sales was Coupang’s largest product and service line in fiscal 2025, bringing in $26.31B of $34.53B (76%).
| 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 | $26.31B | |||
| 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 | $34.53B |
Coupang brought in $34.53B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 14.1% from $30.27B in fiscal 2024. Net Retail Sales was the largest at $26.31B (76.2%), ahead of Third-Party Merchant Services at $7.11B (20.6%) and Other Revenue at $1.11B (3.2%).
Compared with fiscal 2024, Other Revenue grew fastest, up 34.9% to $1.11B. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $20.58B to $34.53B, a compound annual growth rate of 18.8%. Net Retail Sales' share of the total fell from 89.1% to 76.2%.
Product Commerce was Coupang’s largest segment in fiscal 2025, bringing in $29.59B of $34.53B (86%).
| Segment | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Product Commerce | $19.96B | $23.59B | $26.70B | $29.59B | ||
| Developing Offerings | $628.00M | $789.00M | $3.57B | $4.94B | ||
| Total | $20.58B | $24.38B | $30.27B | $34.53B |
Coupang brought in $34.53B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 14.1% from $30.27B in fiscal 2024. Product Commerce was the largest at $29.59B (85.7%), ahead of Developing Offerings at $4.94B (14.3%).
Compared with fiscal 2024, Developing Offerings grew 38.5% to $4.94B and Product Commerce grew 10.8% to $29.59B. From fiscal 2022 to 2025, combined revenue from these segments grew from $20.58B to $34.53B, a compound annual growth rate of 18.8%. Product Commerce's share of the total fell from 96.9% to 85.7%.
Coupang (CPNG) reports its revenue by product and service and by segment. In fiscal 2025, Net Retail Sales was its largest product and service line, bringing in $26.31B (76.2% of the total), followed by Third-Party Merchant Services at $7.11B (20.6%).
Net Retail Sales was Coupang's largest product and service line in fiscal 2025, bringing in $26.31B, or 76.2% of the $34.53B total across its three product and service lines.
Product Commerce was Coupang's largest segment in fiscal 2025, bringing in $29.59B, or 85.7% of the $34.53B total across its two segments.
Among Coupang's product and service lines that make up at least 2% of revenue, Other Revenue grew fastest in fiscal 2025, up 34.9% from $822.00M to $1.11B.
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.