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Q1 26 EPS
$-0.15
MISS 70.45%
Est. $-0.09
Q1 26 Revenue
$8.50B
MISS 1.30%
Est. $8.62B
vs S&P Since Q1 26
-24.4%
TRAILING MARKET
CPNG -25.5% vs S&P -1.1%
Market Reaction
Did CPNG Beat Earnings? Q1 2026 Results
Coupang delivered a sharply disappointing first quarter in 2026, swinging to a net loss and missing analyst expectations on both the top and bottom lines as surging costs overwhelmed modest revenue growth. The South Korean e-commerce giant posted rev… Read more Coupang delivered a sharply disappointing first quarter in 2026, swinging to a net loss and missing analyst expectations on both the top and bottom lines as surging costs overwhelmed modest revenue growth. The South Korean e-commerce giant posted revenue of $8.50 billion, up 7.5% year-over-year but short of the $8.62 billion consensus by 1.30%, while diluted EPS came in at a loss of $0.15, missing the $-0.09 estimate by 70.45% and reversing from a $0.06 profit a year ago. The primary culprit was a dramatic spike in operating expenses, with SG&A climbing to $2.54 billion from $2.16 billion, pushing the company to a $242.00 million operating loss compared to $154.00 million in operating income in Q1 2025. Adjusted EBITDA collapsed 92% to just $29.00 million, with losses in the Developing Offerings segment widening 96% to $329.00 million. Against this backdrop, Coupang simultaneously announced an expanded $2.00 billion share repurchase program, a move that has sparked debate among investors questioning the company's path to sustainable profitability.
Key Takeaways
- • Developing Offerings segment revenue grew 28% YoY driven by newer business lines
- • Product Commerce Active Customers grew 2% YoY to 23.9 million
- • Net revenues per Product Commerce Active Customer increased 2% to $300
- • Net other revenue grew 11% YoY to $2,028 million
- • Constant currency revenue growth of 8% matched reported growth
CPNG YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CPNG Revenue by Segment
With YoY comparisons, source: SEC Filings
CPNG Earnings Trends
CPNG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CPNG EPS Trend
Earnings per share: estimate vs actual
CPNG Revenue Trend
Quarterly revenue: estimate vs actual
CPNG Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.09 | $-0.15 | -70.45% | $8.50B | -1.30% |
| Q4 25 MISS FY | $0.05 | $-0.01 | -122.22% | $8.84B | -2.82% |
| FY Full Year | $0.17 | $0.11 | -35.97% | $34.53B | -0.82% |
| Q3 25 BEAT | $0.04 | $0.05 | +25.00% | $9.27B | +1.32% |
| Q2 25 MISS | $0.05 | $0.02 | -60.00% | $8.52B | +1.72% |
| Q1 25 BEAT | $0.05 | $0.06 | +21.46% | $7.91B | -1.30% |