Coupang Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Revenue	35,130	34,534	30,268	24,383	20,583	18,406
Revenue Growth (YoY)	13.10%	14.09%	24.14%	18.46%	11.83%	53.80%
Cost of Revenue	25,008	24,393	21,437	18,193	15,873	15,455
Gross Profit	10,122	10,141	8,831	6,190	4,710	2,951
Selling, General & Admin	10,045	9,668	8,395	5,717	4,822	4,445
Total Operating Expenses	10,045	9,668	8,395	5,717	4,822	4,445
Operating Income	77	473	436	473	-112	-1,494
Interest Income	194	199	216	178	53	9
Interest Expense	-76	-86	-140	-48	-27	-45
Other Non-Operating Income (Expense)	-69	11	-39	-19	-7	-12
Total Non-Operating Income (Expense)	49	124	37	111	19	-48
Pretax Income	126	597	473	584	-93	-1,542
Provision for Income Taxes	292	383	407	-776	-1	1
Net Income	-165	208	154	1,360	-92	-1,543
Minority Interest in Earnings	-1	6	-88	-	-	-
Net Income to Common	-165	208	154	1,360	-92	-1,543
Net Income Growth	-	35.07%	-88.68%	-	-	-
Shares Outstanding (Basic)	1,823	1,818	1,794	1,782	1,765	1,424
Shares Outstanding (Diluted)	1,843	1,855	1,826	1,803	1,765	1,424
Shares Change (YoY)	1.03%	1.59%	1.28%	2.15%	23.95%	4808.31%
EPS (Basic)	-0.09	0.11	0.09	0.76	-0.05	-1.08
EPS (Diluted)	-0.09	0.11	0.08	0.75	-0.05	-1.08
EPS Growth	-	37.50%	-89.33%	-	-	-
Shares Outstanding	1,809	1,823	1,801	1,791	1,773	1,754
Free Cash Flow	295	522	1,007	1,756	-259	-1,085
Free Cash Flow Growth	-43.49%	-48.16%	-42.65%	-	-	-
Free Cash Flow Per Share	0.16	0.28	0.55	0.97	-0.15	-0.76
Gross Margin	28.81%	29.37%	29.18%	25.39%	22.88%	16.03%
Operating Margin	0.22%	1.37%	1.44%	1.94%	-0.54%	-8.12%
Profit Margin	-0.47%	0.62%	0.22%	5.58%	-0.45%	-8.38%
FCF Margin	0.84%	1.51%	3.33%	7.20%	-1.26%	-5.89%
EBITDA	615	990	869	748	119	-1,293
EBITDA Margin	1.75%	2.87%	2.87%	3.07%	0.58%	-7.02%
EBIT	77	473	436	473	-112	-1,494
EBIT Margin	0.22%	1.37%	1.44%	1.94%	-0.54%	-8.12%
Effective Tax Rate	231.75%	64.15%	86.05%	-132.88%	1.08%	-0.06%

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q