Coupang reported strong revenue growth and margin expansion, particularly driven by its Product Commerce segment and significant progress in the Taiwan market. However, the Developing Offerings segment incurred substantial losses due to investments in new markets, and the company faced a high effective tax rate. Overall, the positive aspects slightly outweigh the negatives, suggesting a cautiously optimistic outlook.

Company Guidance

During the Coupang 2025 Third Quarter Earnings Conference Call, the company reported an 18% year-over-year growth in consolidated revenues, reaching $9.3 billion, with a 20% growth rate in constant currency terms. Gross profit margins expanded by over 50 basis points to 29.4%, while adjusted EBITDA margins increased by 10 basis points to 4.5%. In their Product Commerce segment, Coupang saw gross profit increase by 24% year-over-year, with a gross profit margin of 32.1%, driven by a 16% increase in net revenues. The Developing Offerings segment generated $1.3 billion in net revenue, growing 32% year-over-year, fueled by strong performance in Taiwan and robust growth in Eats. Despite a $292 million adjusted EBITDA loss in Developing Offerings, Coupang maintained a disciplined approach to capital allocation, expecting full-year Developing Offerings' adjusted EBITDA losses to be at the higher end of the $900 million to $950 million range. The company also reported operating income of $162 million, a 50% increase from last year, and net income attributable to stockholders of $95 million, with a diluted earnings per share of $0.05. Additionally, Coupang generated $2.4 billion in operating cash flow over the trailing 12 months, marking a 30% increase, and $1.3 billion in free cash flow, up 36% from the previous year.

Strong Year-over-Year Revenue Growth

Coupang delivered 18% year-over-year growth in consolidated revenues, reaching $9.3 billion for the quarter. In constant currency, the growth was 20%.

Gross Profit and Margin Expansion

Gross profit margins expanded over 50 basis points to 29.4%, and adjusted EBITDA margins expanded 10 basis points to 4.5%. Product Commerce segment grew gross profit and adjusted EBITDA margins by more than 200 basis points over last year.

Taiwan Market Expansion

Taiwan showed triple-digit revenue growth. Coupang is building out its last mile logistics and expanding its first-party and marketplace offerings in Taiwan.

Operational Cash Flow Growth

Operating cash flow grew 30% over last year to $2.4 billion, and free cash flow increased by 36% to $1.3 billion.

Coupang (CPNG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CPNG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 03, 2026	2025 (Q4)	0.04 / -	0.08	―	―	―
Sep 30, 2025	2025 (Q3)	0.04 / 0.05	0.04	25.00% (+0.01)	―	―
Aug 05, 2025	2025 (Q2)	0.07 / 0.02	-0.04	150.00% (+0.06)
May 06, 2025	2025 (Q1)	0.05 / 0.06	0	―
Feb 25, 2025	2024 (Q4)	<0.01 / 0.08	0.57	-85.96% (-0.49)
Nov 05, 2024	2024 (Q3)	<0.01 / 0.04	0.05	-20.00% (-0.01)
Aug 06, 2024	2024 (Q2)	-0.02 / -0.04	0.08	-150.00% (-0.12)
May 07, 2024	2024 (Q1)	0.06 / 0.00	0.05	―
Feb 27, 2024	2023 (Q4)	0.06 / 0.57	0.06	850.00% (+0.51)
Nov 07, 2023	2023 (Q3)	0.07 / 0.05	0.05	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CPNG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 30, 2025	$32.20	$32.43	+0.71%
Aug 05, 2025	$29.90	$28.09	-6.05%
May 06, 2025	$24.00	$26.60	+10.83%
Feb 25, 2025	$24.17	$25.01	+3.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Coupang (CPNG) report earnings?

Coupang (CPNG) is schdueled to report earning on Mar 03, 2026, After Close (Confirmed).

What is Coupang (CPNG) earnings time?

Coupang (CPNG) earnings time is at Mar 03, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CPNG EPS forecast?

CPNG EPS forecast for the fiscal quarter 2025 (Q4) is 0.04.

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