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NYSE · RETAIL-CATALOG & MAIL-ORDER HOUSES · LARGE CAP

Coupang, Inc. CPNG

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$34.5B
▲ 14.1% YoY
$208.0M
▲ 35.1% YoY
$522.0M
▼ 48.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Coupang provides retail, restaurant delivery, video streaming, and fintech services to customers under brands that include Coupang, Eats, Play, Rocket Now, and Farfetch. It serves millions of customers in over 190 countries and territories. As of December 31, 2025, the company directly employed approximately 108,000 employees, the majority of whom are located in Korea. Operations are organized into two segments, Product Commerce and Developing Offerings. Its fulfillment and logistics by Coupang offering in Korea gives merchants access to fulfillment, logistics, and customer network services. Through the Farfetch marketplace, luxury sellers are connected with customers and brands are offered direct-to-consumer distribution. Suppliers and merchants can also advertise on the company's websites and mobile applications.

Written from the business description in Coupang, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 34.5B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 34.5 · Net income 0.2
15B30B
201920222025
Compound annual growth
+18.8%
+23.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +23.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 1.4% · Net 0.6%
2%4%-5%-10%
201920222025
ROE
FY2025 · ROE 4.8%
20%40%
201920222025
Three returns, three denominators.

Each USD of equity produced 5 cents of profit this year.

Cash & shareholders

USD 243.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.5
1.0B2.0B-0.5B-1.0B
201920222025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 243.0
100M200M
2022202320242025

USD 243.0M in buybacks — 117% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 17.8B
CashUSD 6.3B
Gross debtUSD 648.0M
Net debtUSD -5.7B
Current ratio1.04×

Net debt stands at -123% of equity.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CPNG, 7-year financial record
Metric 2025202420232022202120202019
Revenue $B34.530.324.420.618.412.06.3
Operating income $B0.50.40.5−0.1−1.5−0.5−0.6
EBITDA $B1.00.90.70.1−1.3−0.4−0.6
Income tax $B0.40.4−0.8−0.00.00.0−0.0
Net income $B0.20.21.4−0.1−1.5−0.5−0.7
Free cash flow $B0.51.01.8−0.3−1.1−0.2−0.5
EPS, diluted $0.110.080.75−0.05−1.08−19.16−39.48
Dividend / sh $◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————
ROE %4.83.841.8−4.0———

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 12 checks were skipped: EPS is not tagged before 2019. 12 checks were skipped: revenue is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityRetail-Catalog & Mail-Order Houses
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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