Coupang annual gross margin
2022
2023
2024
2025
Coupang Gross Margin Growth & History (CPNG)
Coupang's gross margin was 29.37% for fiscal 2025.
View full Coupang company overviewCoupang annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 29.37% | +0.19 pp |
| 2024 | 2024-12-31 | 29.18% | +3.79 pp |
| 2023 | 2023-12-31 | 25.39% | +2.50 pp |
| 2022 | 2022-12-31 | 22.88% | — |
Coupang quarterly gross margin
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 28.16% | −1.88 pp |
| Q1 2026 | 2026-03-31 | 27.01% | −2.28 pp |
| Q4 2025 | 2025-12-31 | 28.79% | −2.48 pp |
| Q3 2025 | 2025-09-30 | 29.35% | +0.51 pp |
| Q2 2025 | 2025-06-30 | 30.04% | +0.79 pp |
| Q1 2025 | 2025-03-31 | 29.29% | +2.17 pp |
| Q4 2024 | 2024-12-31 | 31.27% | — |
| Q3 2024 | 2024-09-30 | 28.85% | — |
| Q2 2024 | 2024-06-30 | 29.25% | — |
| Q1 2024 | 2024-03-31 | 27.12% | — |
Coupang gross margin trends
Across the available reported history, Coupang's gross margin increased from 29.18% to 29.37%, a change of +0.19 percentage points. The latest reported quarter, Q2 2026, shows 28.16%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Coupang filings at SEC.gov ↗