Filing Flows › Coupang (CPNG) › Q3 2026 › vs Q3 2025
Coupang (CPNG) Q3 2026 vs Q3 2025 (year over year)
Coupang's revenue rose $695M (+7%) from $9.3B in Q3 2025 to $10.0B in Q3 2026. The biggest changes: Net retail sales +$545M (+8%); Net other revenue +$150M (+7%).
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 Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Third-party merchant services | $2.0B | $1.9B | $137M | +7% |
| Other revenue | $306M | $293M | $13.0M | +4% |
| Net other revenue | $2.3B | $2.2B | $150M | +7% |
| Net retail sales | $7.6B | $7.1B | $545M | +8% |
| Revenue | $10.0B | $9.3B | $695M | +7% |
| Income tax benefit | $13.0M | −$70.0M | $83.0M | — |
| Net loss | $501M | −$95.0M | $596M | — |
| Costs & expenses | $10.5B | $9.3B | $1.2B | +13% |
| Operating costs | $10.4B | $9.1B | $1.3B | +14% |
| Interest & other, net | $64.0M | −$3.0M | $67.0M | — |
| Cost of revenue | $7.4B | $6.5B | $854M | +13% |
| Operating expenses | $3.0B | $2.6B | $453M | +18% |
| Operating cash sources | $713M | $697M | $16.0M | +2% |
| Depreciation & amortization | $149M | $133M | $16.0M | +12% |
| Share-based compensation | $167M | $118M | $49.0M | +42% |
| Working capital & other | $397M | $446M | −$49.0M | -11% |
| Net loss absorbed | $501M | −$95.0M | $596M | — |
| Operating cash flow | $212M | $792M | −$580M | -73% |
| Capital expenditures | $284M | $353M | −$69.0M | -20% |
| Negative free cash flow (OCF − capex) | $72.0M | −$439M | $511M | — |
Questions
How much did Coupang's revenue grow year over year in Q3 2026?
Coupang's revenue rose $695M (+7%) from $9.3B in Q3 2025 to $10.0B in Q3 2026.
What drove Coupang's revenue change in Q3 2026?
Net retail sales +$545M (+8%); Net other revenue +$150M (+7%).