Filing Flows › Coupang (CPNG) › Q2 2026 › vs Q1 2026
Coupang (CPNG) Q2 2026 vs Q1 2026 (quarter over quarter)
Coupang's revenue rose $352M (+4%) from $8.5B in Q1 2026 to $8.9B in Q2 2026. The biggest changes: Net retail sales +$268M (+4%); Net other revenue +$84.0M (+4%).
Coupang, Q2 2026: revenue $8.9B (+4% year over year), operating margin -6.3%, net loss $570M, operating cash flow $367M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Third-party merchant services | $1.8B | $1.8B | $65.0M | +4% |
| Other revenue | $280M | $261M | $19.0M | +7% |
| Net other revenue | $2.1B | $2.0B | $84.0M | +4% |
| Net retail sales | $6.7B | $6.5B | $268M | +4% |
| Revenue | $8.9B | $8.5B | $352M | +4% |
| Net loss | $570M | $266M | $304M | +114% |
| Costs & expenses | $9.4B | $8.8B | $679M | +8% |
| Operating costs | $9.4B | $8.7B | $666M | +8% |
| Income tax | $37.0M | $11.0M | $26.0M | +236% |
| Cost of revenue | $6.4B | $6.2B | $155M | +2% |
| Operating expenses | $3.0B | $2.5B | $511M | +20% |
| Operating cash sources | $937M | $450M | $487M | +108% |
| Depreciation & amortization | $145M | $143M | $2.0M | +1% |
| Share-based compensation | $161M | $122M | $39.0M | +32% |
| Working capital & other | $631M | $185M | $446M | +241% |
| Net loss absorbed | $570M | $266M | $304M | +114% |
| Operating cash flow | $367M | $184M | $183M | +99% |
Questions
How much did Coupang's revenue grow quarter over quarter in Q2 2026?
Coupang's revenue rose $352M (+4%) from $8.5B in Q1 2026 to $8.9B in Q2 2026.
What drove Coupang's revenue change in Q2 2026?
Net retail sales +$268M (+4%); Net other revenue +$84.0M (+4%).