Coupang annual operating margin
2019
2020
2021
2022
2023
2024
2025
Coupang Operating Margin Growth & History (CPNG)
Coupang's operating margin was 1.37% for fiscal 2025.
View full Coupang company overviewCoupang annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 1.37% | −0.07 pp |
| 2024 | 2024-12-31 | 1.44% | −0.50 pp |
| 2023 | 2023-12-31 | 1.94% | +2.48 pp |
| 2022 | 2022-12-31 | −0.54% | +7.57 pp |
| 2021 | 2021-12-31 | −8.12% | −3.81 pp |
| 2020 | 2020-12-31 | −4.31% | +5.92 pp |
| 2019 | 2019-12-31 | −10.23% | — |
Coupang quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −6.28% | −8.03 pp |
| Q1 2026 | 2026-03-31 | −2.85% | −4.79 pp |
| Q4 2025 | 2025-12-31 | 0.09% | −3.83 pp |
| Q3 2025 | 2025-09-30 | 1.75% | +0.36 pp |
| Q2 2025 | 2025-06-30 | 1.75% | +2.09 pp |
| Q1 2025 | 2025-03-31 | 1.95% | +1.39 pp |
| Q4 2024 | 2024-12-31 | 3.92% | +1.94 pp |
| Q3 2024 | 2024-09-30 | 1.39% | −0.04 pp |
| Q2 2024 | 2024-06-30 | −0.34% | −2.88 pp |
| Q1 2024 | 2024-03-31 | 0.56% | −1.28 pp |
| Q4 2023 | 2023-12-31 | 1.98% | +0.42 pp |
| Q3 2023 | 2023-09-30 | 1.42% | −0.09 pp |
| Q2 2023 | 2023-06-30 | 2.54% | +3.87 pp |
| Q1 2023 | 2023-03-31 | 1.84% | +5.86 pp |
| Q4 2022 | 2022-12-31 | 1.57% | +9.38 pp |
| Q3 2022 | 2022-09-30 | 1.52% | +8.30 pp |
| Q2 2022 | 2022-06-30 | −1.33% | +10.17 pp |
| Q1 2022 | 2022-03-31 | −4.02% | +2.33 pp |
| Q4 2021 | 2021-12-31 | −7.81% | −4.37 pp |
| Q3 2021 | 2021-09-30 | −6.78% | +0.11 pp |
| Q2 2021 | 2021-06-30 | −11.50% | −7.86 pp |
| Q1 2021 | 2021-03-31 | −6.35% | −3.30 pp |
| Q4 2020 | 2020-12-31 | −3.44% | — |
| Q3 2020 | 2020-09-30 | −6.89% | — |
| Q2 2020 | 2020-06-30 | −3.64% | — |
| Q1 2020 | 2020-03-31 | −3.05% | — |
Coupang operating margin trends
Over the last five reported fiscal years, Coupang's operating margin increased from −4.31% to 1.37%, a change of +5.68 percentage points. The latest reported quarter, Q2 2026, shows −6.28%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗