SuperworthCoupang profit margin CPNG
Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.
- Net margin, 12 months
- −2.2%
- Operating margin, 12 months
- −1.8%
- Net margin on a year earlier
- −3.3 pts
- Peer median
- 7.9%
Over the twelve months to Jun 30, 2026, Coupang kept −2.2% of its revenue as net profit, with an operating margin of −1.8% and a gross margin of 28.4%.
Five years earlier its net margin was −6.8%.
The median for 10 specialty retail stocks of a similar size is 7.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 0.6% | 1.4% | 29.4% |
| FY2024 | 0.5% | 1.4% | 29.2% |
| FY2023 | 5.6% | 1.9% | 25.4% |
| FY2022 | −0.4% | −0.5% | 22.9% |
| FY2021 | −8.4% | −8.1% | 16.0% |
| FY2020 | −3.9% | −4.3% | 16.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −2.2% | −3.3 pts | −1.8% | |
| Q1 FY26 | −0.5% | −1.3 pts | 0.2% | |
| Q4 FY25 | 0.6% | +0.1 pts | 1.4% | |
| Q3 FY25 | 1.2% | −2.4 pts | 2.3% | |
| Q2 FY25 | 1.1% | −2.7 pts | 2.2% | |
| Q1 FY25 | 0.8% | −4.1 pts | 1.8% | |
| Q4 FY24 | 0.5% | −5.1 pts | 1.4% | |
| Q3 FY24 | 3.6% | +1.7 pts | 0.9% | |
| Q2 FY24 | 3.9% | +1.9 pts | 0.9% | |
| Q1 FY24 | 5.0% | +4.0 pts | 1.6% | |
| Q4 FY23 | 5.6% | +6.0 pts | 1.9% | |
| Q3 FY23 | 1.9% | +4.8 pts | 1.8% |
Against its peers
Companies in Specialty Retail nearest Coupang's size, closest first, today.
| Company | Profit margin |
|---|---|
| CPNGCoupang | −2.2% |
| CASYCasey's General Stores | 4.1% |
| ULTAUlta Beauty | 9.3% |
| WSMWilliams-Sonoma | 14.7% |
| BBYBest Buy | 3.0% |
| TSCOTractor Supply | 6.4% |
| DKSDick's Sporting Goods | 4.0% |
| GMEGameStop | 25.2% |
| AZOAutoZone | 12.4% |
| EBAYeBay | 18.5% |
| CHWYChewy | 2.1% |
| Peer median | 7.9% |
Where Coupang ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Coupang
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.