Filing Flows › Coupang (CPNG) › Gross margin
Coupang (CPNG) gross margin by quarter
Coupang's gross margin was 29.4% in Q3 2025 (third quarter 2025), -0.7 pts from Q2 2025. Over the last 3 quarters it ranged from 29.3% (Q1 2025) to 30.0% (Q2 2025).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2025 | 29.4% | -0.7 pts | — |
| Q2 2025 | 30.0% | +0.8 pts | — |
| Q1 2025 | 29.3% | — | — |
Q3 2025 at a glance
Coupang, Q3 2025: revenue $9.3B (+18% year over year), operating margin 1.7%, net earnings $95.0M, operating cash flow $792M. The chart follows the revenue to costs, profit and cash.
Questions
What is Coupang's gross margin?
Coupang's gross margin was 29.4% in Q3 2025 (third quarter 2025), -0.7 pts from Q2 2025.
How has Coupang's gross margin changed?
Over the last 3 quarters it ranged from 29.3% (Q1 2025) to 30.0% (Q2 2025).