Coupang, Inc. (CPNG) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2025)
CPNG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
CPNG Revenue Analysis (2018–2025)
As of February 28, 2026, Coupang, Inc. (CPNG) generated trailing twelve-month (TTM) revenue of $8.22 billion, reflecting significant decline in growth of -319.4% year-over-year. The most recent quarter (Q4 2025) recorded $-17,477,000,000 in revenue, down 288.6% sequentially.
Looking at the longer-term picture, CPNG's 5-year compound annual growth rate (CAGR) stands at -7.2%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $30.27 billion in 2024.
Revenue diversification analysis shows CPNG's business is primarily driven by Product (76%), Third-Party Merchant Services (21%), and Service, Other (3%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including BABA (+5.2% YoY), AMZN (+12.4% YoY), and PDD (+12.5% YoY), CPNG has underperformed the peer group in terms of revenue growth. Compare CPNG vs BABA →
Peer Comparison
Compare CPNG's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CPNGCurrent | $8.2B | -319.4% | -7.2% | 5.8% | |
| BABA | $996.3B | +5.2% | +14.3% | 14.1% | |
| AMZN | $716.9B | +12.4% | +13.2% | 11.2% | |
| PDD | $393.8B | +12.5% | +67.2% | 27.5% | |
| MELI | $28.9B | +39.1% | +48.7% | 11.1% | |
| EBAY | $11.1B | +7.9% | +4.5% | 20.5% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $8.22B | -72.8% | $-16,171,000,000 | -196.7% | $473.0M | 5.8% |
| 2024 | $30.27B | +24.1% | $8.83B | 29.2% | $436.0M | 1.4% |
| 2023 | $24.38B | +18.5% | $6.19B | 25.4% | $473.0M | 1.9% |
| 2022 | $20.58B | +11.8% | $4.71B | 22.9% | $-112,000,000 | -0.5% |
| 2021 | $18.41B | +53.8% | $2.95B | 16.0% | $-1,494,000,000 | -8.1% |
| 2020 | $11.97B | +90.8% | $1.99B | 16.6% | $-515,994,000 | -4.3% |
| 2019 | $6.27B | +54.8% | $1.03B | 16.5% | $-641,923,000 | -10.2% |
| 2018 | $4.05B | - | $189.4M | 4.7% | $-1,052,406,000 | -26.0% |
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Start ComparisonFrequently Asked Questions
Is CPNG's revenue growth accelerating or slowing?
CPNG revenue declined -319.4% year-over-year, contrasting with the 5-year CAGR of -7.2%. TTM revenue fell to $8.2B. This reverses the prior growth trend.
What is CPNG's long-term revenue growth rate?
Coupang, Inc.'s 5-year revenue CAGR of -7.2% reflects the variable expansion pattern. Current YoY growth of -319.4% is below this long-term average.
How is CPNG's revenue distributed by segment?
CPNG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.