Coupang annual gross margin
2019
2020
2021
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% | +6.85 pp |
| 2021 | 2021-12-31 | 16.03% | −0.56 pp |
| 2020 | 2020-12-31 | 16.60% | +0.13 pp |
| 2019 | 2019-12-31 | 16.47% | — |
Coupang quarterly gross margin
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
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% | +5.66 pp |
| Q3 2024 | 2024-09-30 | 28.85% | +3.52 pp |
| Q2 2024 | 2024-06-30 | 29.25% | +3.15 pp |
| Q1 2024 | 2024-03-31 | 27.12% | +2.64 pp |
| Q4 2023 | 2023-12-31 | 25.61% | +1.60 pp |
| Q3 2023 | 2023-09-30 | 25.32% | +1.14 pp |
| Q2 2023 | 2023-06-30 | 26.10% | +3.20 pp |
| Q1 2023 | 2023-03-31 | 24.48% | +4.09 pp |
| Q4 2022 | 2022-12-31 | 24.01% | +8.14 pp |
| Q3 2022 | 2022-09-30 | 24.19% | +7.94 pp |
| Q2 2022 | 2022-06-30 | 22.90% | +8.20 pp |
| Q1 2022 | 2022-03-31 | 20.39% | +2.98 pp |
| Q4 2021 | 2021-12-31 | 15.87% | −1.20 pp |
| Q3 2021 | 2021-09-30 | 16.24% | +1.36 pp |
| Q2 2021 | 2021-06-30 | 14.70% | −2.12 pp |
| Q1 2021 | 2021-03-31 | 17.41% | −0.42 pp |
| Q4 2020 | 2020-12-31 | 17.07% | — |
| Q3 2020 | 2020-09-30 | 14.89% | — |
| Q2 2020 | 2020-06-30 | 16.82% | — |
| Q1 2020 | 2020-03-31 | 17.83% | — |
Coupang gross margin trends
Over the last five fiscal years, Coupang's gross margin increased from 16.60% to 29.37%, a change of +12.77 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.
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