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Coupang (CPNG) Revenue & Revenue Breakdown

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Coupang Revenue Highlights

Latest Revenue (Y)

$6.40B

Latest Revenue (Q)

$9.27B

Main Segment (Y)

Product

Coupang Revenue by Period

Coupang Revenue by Year

DateRevenueChange
2024-12-31$6.40B-73.74%
2023-12-31$24.38B18.46%
2022-12-31$20.58B11.82%
2021-12-31$18.41B53.81%
2020-12-31$11.97B90.77%
2019-12-31$6.27B54.76%
2018-12-31$4.05B-

Coupang generated $6.40B in revenue during NA 2024, up -73.74% compared to the previous quarter, and up 102.05% compared to the same period a year ago.

Coupang Revenue by Quarter

DateRevenueChange
2025-09-30$9.27B8.72%
2025-06-30$8.52B7.79%
2025-03-31$7.91B-0.72%
2024-12-31$7.96B1.26%
2024-09-30$7.87B7.41%
2024-06-30$7.32B2.94%
2024-03-31$7.11B8.45%
2023-12-31$6.56B6.08%
2023-09-30$6.18B5.93%
2023-06-30$5.84B0.64%
2023-03-31$5.80B8.89%
2022-12-31$5.33B4.43%
2022-09-30$5.10B1.26%
2022-06-30$5.04B-1.54%
2022-03-31$5.12B0.79%
2021-12-31$5.08B9.30%
2021-09-30$4.64B3.72%
2021-06-30$4.48B6.45%
2021-03-31$4.21B10.61%
2020-12-31$3.80B21.27%
2020-09-30$3.14B19.99%
2020-06-30$2.61B8.32%
2020-03-31$2.41B-

Coupang generated $9.27B in revenue during Q3 2025, up 8.72% compared to the previous quarter, and up 126.55% compared to the same period a year ago.

Coupang Revenue Breakdown

Coupang Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
Service, Other$822.00M$584.00M$374.94M$222.97M
Product$23.87B$21.22B$18.34B$16.49B
Third-Party Merchant Services$5.58B$2.58B$1.87B$1.70B

Coupang's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (78.85%), Third-Party Merchant Services (18.44%), and Service, Other (2.72%).

Quarterly Revenue by Product

Product/ServiceSep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Product$7.08B$6.51B$6.09B$11.83B$6.14B$5.89B$5.56B$5.31B$5.14B$5.20B$4.76B$4.54B$4.48B$4.56B$4.55B$4.14B$3.99B$3.81B
Service, Other$293.00M$262.00M$258.00M$423.00M$227.00M$172.00M$154.09M$160.36M$134.79M$134.75M$111.53M$113.07M$81.10M$69.23M$63.78M$56.94M$53.38M$48.88M
Third-Party Merchant Services$1.89B$1.75B$1.56B$3.03B$1.50B$1.05B$843.76M$708.51M$562.76M$460.98M$454.73M$447.87M$475.55M$491.35M$463.62M$450.63M$430.23M$350.93M

Coupang's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Product (76.41%), Third-Party Merchant Services (20.43%), and Service, Other (3.16%).

Coupang Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
JDJD$1.08T$260.05B
GMGeneral Motors$187.44B$45.05B
FFord Motor$184.99B$50.53B
TCOMTrip.com Group$44.51B$15.87B
ROSTRoss Stores$21.13B$5.60B
AZOAutoZone$18.94B$4.46B
CVNACarvana$13.67B$5.65B
HLTHilton Worldwide$11.17B$3.12B
EBAYeBay$10.28B$2.82B
CPNGCoupang$6.40B$9.27B
RACEFerrari$5.97B$1.58B

CPNG Revenue FAQ

What is Coupang’s yearly revenue?

Coupang's yearly revenue for 2024 was $6.4B, representing a decrease of -73.74% compared to 2023. The company's yearly revenue for 2023 was $24.38B, representing an increase of 18.46% compared to 2022. CPNG's yearly revenue for 2022 was $20.58B, representing an increase of 11.82% compared to 2021.

What is Coupang’s quarterly revenue?

Coupang's quarterly revenue for Q3 2025 was $9.27B, a 8.72% increase from the previous quarter (Q2 2025), and a 17.81% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $8.52B, a 7.79% increase from the previous quarter (Q1 2025), and a 16.40% increase year-over-year (Q2 2024). CPNG's quarterly revenue for Q1 2025 was $7.91B, a -0.72% decrease from the previous quarter (Q4 2024), and a 11.16% increase year-over-year (Q1 2024).

What is Coupang’s revenue growth rate?

Coupang's revenue growth rate for the last 3 years (2022-2024) was -68.90%, and for the last 5 years (2020-2024) was -46.50%.

What are Coupang’s revenue streams?

Coupang's revenue streams in c 24 are Service, Other, Product, and Third-Party Merchant Services. Service, Other generated $822M in revenue, accounting 2.72% of the company's total revenue, up 40.75% year-over-year. Product generated $23.87B in revenue, accounting 78.85% of the company's total revenue, up 12.45% year-over-year. Third-Party Merchant Services generated $5.58B in revenue, accounting 18.44% of the company's total revenue, up 116.61% year-over-year.

What is Coupang’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Coupang was Product. This segment made a revenue of $23.87B, representing 78.85% of the company's total revenue.