Coupang Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	26,312	23,866	21,223	18,338	16,488
Other Revenue	8,222	6,402	3,160	2,245	1,918
Revenue	34,534	30,268	24,383	20,583	18,406
Revenue Growth (YoY)	14.09%	24.14%	18.46%	11.83%	53.80%
Cost of Revenue	24,393	21,553	18,193	15,873	15,297
Gross Profit	10,141	8,715	6,190	4,710	3,109
Selling, General & Admin	9,643	8,327	5,717	4,822	4,307
Operating Expenses	9,643	8,327	5,717	4,822	4,307
Operating Income	498	388	473	-112	-1,198
Interest Expense	-86	-140	-48	-27	-45
Interest & Investment Income	199	216	178	53	9
Other Non Operating Income (Expenses)	11	-39	-19	-7	-12
EBT Excluding Unusual Items	622	425	584	-93	-1,246
Merger & Restructuring Charges	-25	-127	-	-	-
Other Unusual Items	-	-	-	-	-296
Pretax Income	597	473	584	-93	-1,542
Income Tax Expense	383	407	-776	-1	1
Earnings From Continuing Operations	214	66	1,360	-92	-1,543
Minority Interest in Earnings	-6	88	-	-	-
Net Income	208	154	1,360	-92	-1,543
Net Income to Common	208	154	1,360	-92	-1,543
Net Income Growth	35.07%	-88.68%	-	-	-
Shares Outstanding (Basic)	1,818	1,794	1,782	1,765	1,424
Shares Outstanding (Diluted)	1,855	1,826	1,803	1,765	1,424
Shares Change (YoY)	1.59%	1.28%	2.15%	23.95%	4808.31%
EPS (Basic)	0.11	0.09	0.76	-0.05	-1.08
EPS (Diluted)	0.11	0.08	0.75	-0.05	-1.08
EPS Growth	37.50%	-89.33%	-	-	-
Free Cash Flow	522	1,007	1,756	-259	-1,085
Free Cash Flow Per Share	0.28	0.55	0.97	-0.15	-0.76
Gross Margin	29.37%	28.79%	25.39%	22.88%	16.89%
Operating Margin	1.44%	1.28%	1.94%	-0.54%	-6.51%
Profit Margin	0.60%	0.51%	5.58%	-0.45%	-8.38%
Free Cash Flow Margin	1.51%	3.33%	7.20%	-1.26%	-5.90%
EBITDA	1,015	821	748	119	-997
EBITDA Margin	2.94%	2.71%	3.07%	0.58%	-5.42%
D&A For EBITDA	517	433	275	231	201
EBIT	498	388	473	-112	-1,198
EBIT Margin	1.44%	1.28%	1.94%	-0.54%	-6.51%
Effective Tax Rate	64.15%	86.05%	-	-	-
Revenue as Reported	34,534	30,268	24,383	20,583	18,406
Advertising Expenses	1,100	947	711	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.