Q2 26 EPS
$-0.09
BEAT +65.38%
Est. $-0.26
Q2 26 Revenue
$8.86B
vs S&P Since Q2 26
-2.2%
TRAILING MARKET
CPNG -1.8% vs S&P +0.4%
Market Reaction
Did CPNG Beat Earnings? Q2 2026 Results
Coupang delivered a sharper-than-expected second-quarter result for Q2 2026, posting a loss of $0.09 per share against a consensus estimate of $0.26, a beat of 65.38%, even as the South Korean e-commerce giant navigated a deeply turbulent period. Rev… Read more Coupang delivered a sharper-than-expected second-quarter result for Q2 2026, posting a loss of $0.09 per share against a consensus estimate of $0.26, a beat of 65.38%, even as the South Korean e-commerce giant navigated a deeply turbulent period. Revenue rose 3.9% year-over-year to $8.86 billion, though that headline figure understates the underlying momentum; on a constant currency basis, growth ran at 10%, with roughly $548 million in Korean Won depreciation masking the real trajectory. The more sobering story was profitability, where approximately $410 million in Korean administrative fines drove a GAAP operating loss of $556 million, compared to operating income of $149 million a year ago. Even stripping out that one-time charge, adjusted operating loss still reached $146 million, signaling meaningful margin pressure in the core business. Consolidated adjusted EBITDA fell 62% to $163 million, and net loss attributable to shareholders came to $570 million, a stark reversal from the $32 million profit posted in Q2 2025, with investors having anticipated significant volatility around the print.
Key Takeaways
- • Developing Offerings segment revenue growth of 20% YoY (24% constant currency)
- • Product Commerce Active Customers grew 3% YoY to 24.7 million
- • Constant currency net revenues per Product Commerce Active Customer grew 5% YoY
- • Total net revenues grew 10% on constant currency basis despite 4% reported growth due to FX headwinds
- • Developing Offerings gross profit grew 32% YoY and adjusted EBITDA losses improved by $16 million
CPNG YoY Financials
Q2 2026 vs Q2 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $-0.26 | $-0.09 | +65.38% | $8.86B | — |
| 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% |