Coupang (CPNG) Q1 2026 Earnings
How Did CPNG Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +0.73%.
Did CPNG Beat Earnings? Q1 2026 Results
No. Coupang reported Q1 2026 earnings of $-0.15 a share on May 5, 2026, missing the $-0.09 consensus estimate by 70.5%. Revenue was $8.5B against a $8.6B estimate.
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 $-0.088 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.
- 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
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $8.5B | $7.9B | +7.5% |
| Gross Profit | $2.3B | $2.3B | −0.8% |
CPNG Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.