Coupang, Inc. (CPNG) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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CPNG Revenue Growth
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 May 7, 2026, Coupang, Inc. (CPNG) generated trailing twelve-month (TTM) revenue of $28.65 billion, reflecting significant decline in growth of -74.4% year-over-year. The most recent quarter (Q1 2026) recorded $2.03 billion in revenue, down 77.0% sequentially.
Looking at the longer-term picture, CPNG's 5-year compound annual growth rate (CAGR) stands at +23.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $34.53 billion in 2025, representing a new all-time high.
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 AMZN (+14.2% YoY), SE (+35.8% YoY), and JD (+16.6% YoY), CPNG has underperformed the peer group in terms of revenue growth. Compare CPNG vs AMZN →
CPNG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CPNGCurrent | $28.7B | -74.4% | +23.6% | 1.4% | |
 AMZN | $716.9B | +14.2% | +13.2% | 11.2% | |
 SE | $16.8B | +35.8% | +50.5% | 3.9% | |
 JD | $1.16T | +16.6% | +15.0% | 3.3% | |
 MELI | $28.9B | +39.1% | +48.7% | 11.1% | |
 BABA | $996.3B | +5.2% | +14.3% | 14.1% |
CPNG Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $34.53B | +14.1% | $10.14B | 29.4% | $473.0M | 1.4% |
| 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% |
Full CPNG Stock Analysis
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Start ComparisonCPNG — Frequently Asked Questions
Quick answers to the most common questions about buying CPNG stock.
Is CPNG's revenue growth accelerating or slowing?
CPNG revenue declined -74.4% year-over-year, contrasting with the 5-year CAGR of +23.6%. TTM revenue fell to $28.7B. This reverses the prior growth trend.
What is CPNG's long-term revenue growth rate?
Coupang, Inc.'s 5-year revenue CAGR of +23.6% reflects the variable expansion pattern. Current YoY growth of -74.4% 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.