To the full analysis
Coupang stock: growth
CPNGCoupang reported $34.53B in revenue for fiscal 2025, up 14.1% on the prior year, up 23.6% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
35.8%
per year from 2018 to 2025, per share 33.3%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2018 | |
|---|---|---|
| Revenue | 23.6% | 35.8% |
| Revenue per share | 22.1% | 33.3% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2018 | $4.05B | −$1.1B | −$787.87M |
| 2019 | $6.27B | −$696.89M | −$529.67M |
| 2020 | $11.97B | −$463.16M | −$183.08M |
| 2021 | $18.41B | −$1.54B | −$1.09B |
| 2022 | $20.58B | −$92M | −$259M |
| 2023 | $24.38B | $1.36B | $1.76B |
| 2024 | $30.27B | $154M | $1.01B |
| 2025 | $34.53B | $208M | $522M |
Revenue by segment
How Coupang, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Product76%
- Third-Party Merchant Services21%
- Service, Other3%
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| Product | $16.49B | $18.34B | $21.22B | $23.87B | $26.31B | 76.2% |
| Third-Party Merchant Services | $1.7B | $1.87B | $2.58B | $5.58B | $7.11B | 20.6% |
| Service, Other | $222.98M | $374.94M | $584M | $822M | $1.11B | 3.2% |
| Total revenue | $18.41B | $20.58B | $24.38B | $30.27B | $34.53B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 19 Dec 2025)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.