Coupang, Inc. (CPNG)

Revenue Breakdown

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Product Commerce Revenue	29.07B	26.70B	23.59B
Product Commerce Revenue Growth	8.87%	13.16%	18.24%
Developing Offerings Revenue	4.60B	3.57B	789.00M
Developing Offerings Revenue Growth	28.80%	352.34%	25.63%
Revenue (Total)	33.66B	30.27B	24.38B
Revenue (Total) Growth	11.22%	24.14%	18.46%

Revenue Breakdown 2

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net Retail Sales Revenue	25.73B	23.87B	21.22B
Net Retail Sales Revenue Growth	7.80%	12.45%	15.73%
Third-Party Merchant Services Revenue	6.87B	5.58B	2.58B
Third-Party Merchant Services Revenue Growth	23.12%	116.62%	37.79%
Other Service Revenue	1.07B	822.00M	584.00M
Other Service Revenue Growth	29.68%	40.75%	55.76%
Revenue (Total)	33.66B	30.27B	24.38B
Revenue (Total) Growth	11.22%	24.14%	18.46%

Adjusted EBITDA

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Product Commerce Adjusted EBITDA	2.46B	2.01B	1.54B
Product Commerce Adjusted EBITDA Growth	22.48%	30.26%	154.19%
Developing Offerings Adjusted EBITDA	-813.00M	-631.00M	-466.00M
Operating Income (Total)	777.00M	436.00M	473.00M
Operating Income (Total) Growth	78.21%	-7.82%	-

Key Performance Indicators

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Product Commerce Active Customers	24.70M	22.80M	20.80M
Product Commerce Active Customers Growth	8.33%	9.62%	-
Total Net Revenues per Product Commerce Active Customer	323.00	302.00	302.00
Total Net Revenues per Product Commerce Active Customer Growth	6.95%	-	-
Active Customers	-	-	21.00K
Active Customers Growth	-	-	15.93%
Total Net Revenues per Active Customer	-	-	312.00
Total Net Revenues per Active Customer Growth	-	-	6.12%
Total Leased and Owned Fulfillment and Logistics Square Footage	-	67.00M	55.00M
Total Leased and Owned Fulfillment and Logistics Square Footage Growth	-	21.82%	17.02%

Updated Nov 4, 2025. Data Source: Fiscal.ai.