Coupang revenue and financials
$14.80Change from previous close: +2.60%Absolute change: +$0.38
In the fiscal year ended December 2025, Coupang reported revenue of $34.53B (+14.09% year over year). Net income was $208M, a net margin of 0.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +14.09%
- 2025 vs 2024
- Net income growth
- +35.06%
- 2025 vs 2024
- Net margin
- 0.6%
- 2024: 0.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 367 | 184 | 82.0 | 792 | 545 | 354 | 676 | 334 | 664 | 212 | 609 | 722 |
| Depreciation and amortization | 145 | 143 | 136 | 133 | 126 | 122 | 120 | 112 | 106 | 95.0 | 77.0 | 68.0 |
| Capital expenditure | -317 | -296 | -360 | -353 | -299 | -239 | -214 | -380 | -178 | -107 | -234 | -190 |
| Investing cash flow | -326 | -302 | -376 | -366 | -299 | -213 | -141 | -383 | -178 | -117 | -263 | -152 |
| Financing cash flow | -134 | 348 | -507 | 152 | 92.0 | 16.0 | 20.0 | -9.0 | -132 | 52.0 | -163 | 33.0 |
| Share repurchases | -459 | -391 | -162 | -81.0 | 0.0 | — | — | — | -178 | — | — | — |
| Debt issued | 1,146 | 1,936 | 718 | 1,401 | 486 | 295 | 432 | 321 | 90.0 | 14.0 | 165 | 98.0 |
| Debt repaid | -821 | -1,198 | -1,064 | -1,168 | -382 | -267 | -411 | -321 | -45.0 | -17.0 | -328 | -27.0 |
| Effect of exchange rates | -94.0 | -251 | -111 | -143 | 351 | 12.0 | -486 | 226 | -134 | -170 | 153 | -86.0 |
| Net change in cash | -187 | -21.0 | -912 | 435 | 689 | 169 | 69.0 | 168 | 220 | -23.0 | 336 | 517 |
| Free cash flow | 50.0 | -112 | -278 | 439 | 246 | 115 | 462 | -46.0 | 486 | 105 | 375 | 532 |
| Levered free cash flow | 241 | -331 | -353 | 182 | 730 | 270 | -189 | 178 | 450 | -99.6 | 423 | 288 |