Filing Flows › Coupang (CPNG) › How it makes money
How Coupang (CPNG) makes money
Coupang (CPNG) made $10.0B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Net retail sales brought in $7.6B (77%); Net other revenue brought in $2.3B (23%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net retail sales | $7.6B | 76.6% | +13% | +8% |
| Net other revenue | $2.3B | 23.4% | +11% | +7% |
| ↳ Third-party merchant services | $2.0B | 20.4% | +11% | +7% |
| ↳ Other revenue | $306M | 3.1% | +9% | +4% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $10.0B | 100.0% |
| Operating cash flow | $212M | 2.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $10.0B | +8% |
| Q2 2026 | $8.9B | +4% |
| Q1 2026 | $8.5B | +8% |
| Q4 2025 | $8.8B | +11% |
| Q3 2025 | $9.3B | +18% |
| Q2 2025 | $8.5B | +16% |
| Q1 2025 | $7.9B | +11% |
From Coupang's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Coupang make money?
Coupang (CPNG) made $10.0B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Net retail sales brought in $7.6B (77%); Net other revenue brought in $2.3B (23%).
What is Coupang's biggest business?
Net retail sales: $7.6B in the third quarter 2026, 77% of revenue, +8% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.