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CPNG · NYSE · Specialty Retail

Coupang

Runs Korea-centered commerce and delivery infrastructure alongside newer digital and international services.

$16.55

After-hours close+0.03 (+0.15%)

At close$16.53(+1.82%)

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Profile

Coupang, Inc.CPNGConsumer Discretionary

Combines owned-inventory retail and a third-party marketplace with integrated fulfillment and last-mile delivery, anchored by Korea’s Rocket services and WOW membership. Developing Offerings span food delivery, streaming, fintech, Taiwan retail, Japan delivery, and Farfetch luxury commerce, while Korean operations remain central to execution and regulation.

Runs an integrated commerce network that combines owned inventory, a third-party marketplace, fulfillment technology, and last-mile delivery. Product Commerce centers on Korea, where Rocket Delivery, Rocket Fresh, and WOW membership tie fast shipping, grocery, returns, and member benefits to shared infrastructure.

Developing Offerings include Coupang Eats, Coupang Play, fintech, Taiwan retail, Japan’s Rocket Now delivery service, and Farfetch’s global luxury marketplace. The model is being extended internationally in different forms rather than copied wholesale.

Execution depends on dense fulfillment and last-mile operations, especially in Korea, while customer data, labor, marketplace conduct, and competition practices sit under Korean regulatory oversight. Founder-controlled voting shares also limit other shareholders’ influence over major governance outcomes.

Company facts

CEOBom Kim

ListedMar 11, 2021

ExchangeNYSE

HeadquartersSeattle, WA

CountrySouth Korea

Employees108,000

CIK0001834584

ISINUS22266T1097

Key statistics

Market cap$29.69B

EPS (ttm)−$0.4342

P/E (ttm)−38.05

ROE-18.8%

P/B9.95

P/S0.8374

Dividend yield—

Beta1.38vs XLY 0.24

Year to date −29.3% · Average volume (30d) 17.3M

Analysts

Price target, next 12 months$24.00+45.3%Median of 16 analysts · vs the Aug 28 close

ConsensusBuy14 of 16 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $16.52

High$31.00+87.7%

Median$24.00+45.3%

Low$21.50+30.1%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Aug 6, 2026	Deutsche Bank	Upgrade	Hold	Buy
Aug 5, 2026	Jefferies	Target				$24
Aug 5, 2026	Mizuho Securities	Target			$24	$22
Aug 5, 2026	Deutsche Bank	Upgrade	Hold	Buy	$23	$21.50
Jul 29, 2026	Mizuho Securities	Target			$25	$24

Earnings

EPS

Estimate−$0.06

ReportedDue Nov 3, 2026

Revenue

Estimate$9.76B

ReportedDue Nov 3, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 4, 2026Q2 FY26	−$0.27	−$0.32	−19.0%	$8.92B	$8.86B	−0.7%	−4.65%
May 5, 2026Q1 FY26	−$0.09	−$0.15	−60.7%	$8.48B	$8.50B	+0.3%	−13.82%
Feb 26, 2026Q4 FY25	$0.03	−$0.01	−134.5%	$9.06B	$8.84B	−2.5%	+1.98%
Nov 4, 2025Q3 FY25	$0.04	$0.05	+36.5%	$9.15B	$9.27B	+1.3%	−5.94%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$7.91B	$8.52B	$9.27B	$8.84B	$8.50B	$8.86B
Gross profit	$2.32B	$2.56B	$2.72B	$2.54B	$2.30B	$2.49B
Operating income	$154.0M	$149.0M	$162.0M	$8.0M	−$242.0M	−$556.0M
Net income	$107.0M	$32.0M	$95.0M	−$26.0M	−$266.0M	−$570.0M
Diluted EPS	$0.06	$0.02	$0.05	−$0.01	−$0.15	−$0.32
Gross margin	29.3%	30.0%	29.4%	28.8%	27.0%	28.2%
Operating margin	1.9%	1.7%	1.7%	0.1%	-2.8%	-6.3%

Fiscal years (4-quarter sums)FY21 $18.41B · FY22 $20.58B · FY23 $24.38B · FY24 $30.27B · FY25 $34.53B

Revenue by product · Q2 FY26

Product$6.74B · 76%

Third-Party Merchant Services$1.83B · 21%

Service, Other$280.0M · 3%

Balance sheet, Jun 30, 2026Cash & short-term investments $6.11B · Total debt $5.63B · Total assets $17.39B · Shareholders' equity $2.99B

Dividends

No dividends on record.

Ownership

Institutions 75.06%1.35B sharesInsiders 6.47%116.22M sharesOther 18.47%332.09M shares

Shares outstanding 1.80B · Float 1.34B · 74.7% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
SB Investment Advisers (UK) Ltd	289.54M	16.11%	13F	Aug 14, 2026
SVF Investments (UK) Ltd · 10 percent owner	289.54M	16.11%	Form 4	Aug 22, 2025
Bom Kim	164.41M	9.10%	13G	Feb 14, 2025
Baillie Gifford & Co	78.74M	4.38%	13F	Aug 6, 2026
Dodge & Cox	72.19M	4.02%	13F	Aug 13, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 10, 2026	Jonathan D. Lee	officer, other: Chief Accounting Officer	−5,519	$16.10
Aug 10, 2026	Harold Rogers	officer: See Remarks	−192,110	$16.18
Mar 11, 2026	Neil Mehta	director	+2,017,241	$18.64
Mar 12, 2026	Neil Mehta	director	+3,000,000	$18.68
Mar 13, 2026	Neil Mehta	director	+2,332,863	$18.40