Form 8-K · Current Report · Filed 2026-08-04

Coupang Reports Q2 2026 Financial Results with Net Loss

Coupang, Inc. announced its financial results for the second quarter of 2026, reporting a net loss of $570 million. Total net revenues were $8.9 billion, up 4% year-over-year (YoY) on a reported basis and 10% YoY on a constant currency basis. The company's Product Commerce segment generated $7.4 billion in net revenues, up 1% YoY on a reported basis and 8% YoY on a constant currency basis. The Developing Offerings segment saw net revenues of $1.4 billion, up 20% YoY on a reported basis and 24% YoY on a constant currency basis. Gross profit decreased 3% YoY on a reported basis but increased 3% YoY on a constant currency basis. Operating (loss) income was $(556) million, a decrease of $705 million from the operating income last year. Excluding certain administrative fines in Korea, operating (loss) income was $(146) million. Net (loss) income attributable to Coupang stockholders was $(570) million, a decrease of $602 million from the same period last year. Excluding the administrative fines, net (loss) income was $(160) million. Diluted EPS was $(0.32), down $0.34 YoY. Diluted EPS excluding the administrative fines was $(0.09), down $0.11 YoY. Adjusted EBITDA for the quarter was $163 million with a margin of 1.8%, down 318 basis points versus last year.