Filing Flows › Coupang (CPNG) › Q3 2026 › vs Q2 2026
Coupang (CPNG) Q3 2026 vs Q2 2026 (quarter over quarter)
Coupang's revenue rose $1.1B (+12%) from $8.9B in Q2 2026 to $10.0B in Q3 2026. The biggest changes: Net retail sales +$882M (+13%); Net other revenue +$224M (+11%).
Coupang, Q3 2026: revenue $10.0B (+8% year over year), operating margin -4.5%, net loss $501M, operating cash flow $212M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Third-party merchant services | $2.0B | $1.8B | $198M | +11% |
| Other revenue | $306M | $280M | $26.0M | +9% |
| Net other revenue | $2.3B | $2.1B | $224M | +11% |
| Net retail sales | $7.6B | $6.7B | $882M | +13% |
| Revenue | $10.0B | $8.9B | $1.1B | +12% |
| Income tax benefit | $13.0M | −$37.0M | $50.0M | — |
| Net loss | $501M | $570M | −$69.0M | -12% |
| Costs & expenses | $10.5B | $9.4B | $1.0B | +11% |
| Operating costs | $10.4B | $9.4B | $1.0B | +11% |
| Interest & other, net | $64.0M | −$23.0M | $87.0M | — |
| Cost of revenue | $7.4B | $6.4B | $1.0B | +16% |
| Operating expenses | $3.0B | $3.0B | −$39.0M | -1% |
| Operating cash sources | $713M | $937M | −$224M | -24% |
| Depreciation & amortization | $149M | $145M | $4.0M | +3% |
| Share-based compensation | $167M | $161M | $6.0M | +4% |
| Working capital & other | $397M | $631M | −$234M | -37% |
| Net loss absorbed | $501M | $570M | −$69.0M | -12% |
| Operating cash flow | $212M | $367M | −$155M | -42% |
| Capital expenditures | $284M | $317M | −$33.0M | -10% |
| Negative free cash flow (OCF − capex) | $72.0M | −$50.0M | $122M | — |
Questions
How much did Coupang's revenue grow quarter over quarter in Q3 2026?
Coupang's revenue rose $1.1B (+12%) from $8.9B in Q2 2026 to $10.0B in Q3 2026.
What drove Coupang's revenue change in Q3 2026?
Net retail sales +$882M (+13%); Net other revenue +$224M (+11%).