NYSE$CPNG

Coupang Inc. · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Coupang reported Q3 2025 total net revenues of $9.27B with net income attributable to stockholders of $95M.

Third-quarter total net revenues rose to $9.27 billion as Product Commerce net revenues reached $7.98 billion. Net income attributable to Coupang stockholders was $95 million with diluted EPS of $0.05. Gross profit was $2.72 billion.

  • Q3 total net revenues $9.27B; Product Commerce $7.98B.
  • Gross profit $2.72B; Developing Offerings scaling.
  • Net income to stockholders $95M; diluted EPS $0.05.
  • Korea e-commerce scale and logistics moat remain central.

Headline financials

Total Revenue

$9.27B

Previous: $7.87B+17.8%
EPS (adj)

$0.05

Previous: $0.04+25.0%
Active Customers

24.7M

Previous: 22.5M+9.8%
Net Revenue per Active Customer

$323.00

Previous: $307.00+5.2%
Gross Profit Margin

29.4%

No prior period
Adjusted EBITDA

$413M

Previous: $343M+20.4%
Adjusted EBITDA Margin

4.5%

Previous: 4.4%+2.3%
Capital Expenditures

-$891M

Previous: -$665M-34.0%
Net Income

$95M

Previous: $70M+35.7%
Operating Income

$162M

Previous: $109M+48.6%
Gross Profit

$2.72B

Previous: $2.27B+19.9%

Revenue & EPS history

Coupang · Revenue · Quarterly

$9.27B

Q3 2025+17.8%vs Q3 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Coupang · $6.18B total across 2 segments · Q3 2023

  • Product Commerce
    $5.97B+20.6%
  • Developing Offerings
    $218M+41.1%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and risks; formal multi-year guidance varies by issuer.

Tailwinds

  • Management outlines strategic priorities and capital allocation.
  • Segment commentary supports the investment narrative where disclosed.

Headwinds

  • Macro, rates, or input costs may affect margins.
  • One-time items can affect quarter-over-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.5%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-4.0%

Avg return

30 days after

48%

12 / 25 earnings

Positive

+14.0%

Q3 2022

Best reaction

-17.0%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%-16.2%-18.4%
Q4 2025+2.1%+2.1%-3.3%
Q3 2025-5.9%-10.0%-15.6%
Q1 2025+10.8%+8.9%+18.5%
Q4 2024+3.5%-1.5%-7.5%
Q3 2024-6.6%-6.0%-6.5%
Q2 2024+4.2%+11.0%+14.6%
Q1 2024-8.1%-3.6%-6.2%
Q4 2023+11.3%+15.6%+8.5%
Q3 2023-7.9%-8.3%-8.0%
Q2 2023+7.2%+7.3%+2.9%
Q1 2023-6.6%-9.7%-9.9%
Q4 2022-3.6%-4.2%+3.2%
Q3 2022+14.0%+3.3%+3.5%
Q2 2022-1.5%-4.6%-4.5%
Q1 2022+8.3%+19.4%+8.7%
Q4 2019-17.0%-19.2%-27.7%
Q4 2021+0.0%-22.5%-27.8%
Q3 2020-3.6%-2.9%-8.3%
Q3 2021-3.6%-2.9%-8.3%
Q2 2020-0.7%-7.6%-13.2%
Q2 2021-7.0%-9.5%-18.3%
Q1 2020+3.1%+5.4%+9.3%
Q4 2020+3.1%+5.4%+9.3%
Q1 2021-11.6%-3.0%+6.5%

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