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Amazon.com vs Coupang: AMZN and CPNG compared
Amazon.com is the larger company: $201.9B of revenue in its latest quarter (Q3 2026) against $10.0B for Coupang (Q3 2026). Amazon.com is growing faster (+12% against +8% a year earlier). Amazon.com is more profitable, with an operating margin of 13.9% against -4.5%.
Where the money goes: AMZN and CPNG
Amazon.com (AMZN) · Q3 2026
Amazon.com, Q3 2026: revenue $201.9B (+12% year over year), operating margin 13.9%, net earnings $20.7B, operating cash flow $42.4B. The chart follows the revenue to costs, profit and cash.
Coupang (CPNG) · Q3 2026
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.
| Amazon.com (AMZN) | Coupang (CPNG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $201.9B | $10.0B |
| Revenue growth, Y/Y | +12% | +8% |
| Operating margin | 13.9% | -4.5% |
| Net earnings | $20.7B | −$501M |
| Net margin | 10.2% | -5.0% |
| Operating cash flow | $42.4B | $212M |
| Market value | $2.83T | $29.5B |
| P/E | 21.0× | — |
| Analysts’ mean target | $326.99 | $22.59 |
Where the revenue comes from
Amazon.com
- Online stores: $68.5B (34%)
- Third-party seller services: $46.5B (23%)
- AWS: $46.0B (23%)
- Advertising services: $19.6B (10%)
Coupang
- Net retail sales: $7.6B (77%)
- Net other revenue: $2.3B (23%)
Questions
Which is bigger, Amazon.com or Coupang?
Amazon.com is the larger company: $201.9B of revenue in its latest quarter (Q3 2026) against $10.0B for Coupang (Q3 2026).
Is Amazon.com or Coupang growing faster?
Amazon.com is growing faster (+12% against +8% a year earlier).
Which is more profitable, Amazon.com or Coupang?
Amazon.com is more profitable, with an operating margin of 13.9% against -4.5%.
More: Amazon.com earnings · how Amazon.com makes money · Coupang earnings · how Coupang makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.