Filing Flows › Coupang (CPNG) › Q3 2026
Coupang (CPNG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Coupang (CPNG) reported revenue of $10.0B for the third quarter 2026 (Q3 2026), +7% from a year earlier and +12% from the quarter before. Operating margin was -4.5%, net loss $501M (5.0% of revenue).
Coupang, Q3 2026: revenue $10.0B (+8% year over year), operating margin -4.5%, net loss $501M, operating cash flow $212M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.0B | +12% | +7% |
| Operating profit | −$450M | — | -378% |
| Net earnings | −$501M | — | -627% |
| Operating cash flow | $212M | -42% | -73% |
What changed
Revenue was $10.0B in Q3 2026, up 7% year over year and up 12% from the previous quarter. Net retail sales was the largest line at 77% of revenue. Net retail sales added $0.55B year over year (up 8%), 78% of the total change.
Gross margin was 25.7%, down 3.6 points from Q3 2025. Operating costs exceeded revenue by $0.45B, an operating margin of -4.5%. Operating expenses grew 18% against revenue growth of 7%. The quarter ended with a net loss of $0.50B, narrower than the previous quarter's $0.57B loss.
Operating cash flow was $0.21B (down 73% year over year). Non-cash charges added back $0.15B of depreciation and amortization and $0.17B of share-based compensation. Working capital and other items added $0.40B. Capital expenditures of $0.28B exceeded it, leaving free cash flow of −$0.07B.
Questions
What was Coupang's revenue in the third quarter 2026?
Coupang (CPNG) reported revenue of $10.0B for the third quarter 2026 (Q3 2026), +7% from a year earlier and +12% from the quarter before.
Was Coupang profitable in the third quarter 2026?
Operating loss was $450M (-4.5% of revenue) and net loss $501M.
Source: Coupang 10-Q on SEC EDGAR.