Coupang, Inc. announced its financial results for the second quarter of 2025, reporting net revenues of $8.5 billion, a 16% increase year-over-year. Gross profit rose to $2.6 billion, marking a 20% growth, with an improved gross profit margin of 30%. Operating income reached $149 million, and net income attributable to shareholders was $32 million, reflecting a significant increase of $109 million from the previous year. The diluted earnings per share (EPS) was $0.02, up from $0.06 year-over-year. Adjusted EBITDA for the quarter was $428 million, with a margin of 5.0%.
In the Product Commerce segment, net revenues were $7.3 billion, up 14% year-over-year, with active customers increasing to 23.9 million, a 10% growth. The gross profit for this segment was $2.4 billion, up 23%, and adjusted EBITDA was $663 million. The Developing Offerings segment reported net revenues of $1.2 billion, a 33% increase, although it recorded an adjusted EBITDA loss of $235 million. Operating cash flow for the trailing twelve months was $1.9 billion, while free cash flow decreased to $784 million, attributed to the timing of capital expenditures and working capital fluctuations.
linkAug 05, 2025 16:12:04
Coupang, Inc. reported net revenues of $7.9 billion for the first quarter of 2025, reflecting an 11% increase year-over-year, with a 21% increase on a foreign exchange-neutral basis. The gross profit reached $2.3 billion, up 20% year-over-year, while the gross profit margin improved to 29.3%. Operating income was $154 million, an increase of $114 million compared to the previous year. The company also reported a net income of $114 million, with diluted earnings per share at $0.06, marking a significant improvement from a loss in the prior year. However, operating cash flow for the trailing twelve months decreased by $335 million due to non-recurring benefits in the prior period, and free cash flow also fell by $450 million year-over-year.
In terms of business segments, the Product Commerce segment generated net revenues of $6.9 billion, representing a 6% increase year-over-year, while the Developing Offerings segment saw a significant growth of 67% in net revenues, reaching $1.0 billion. The company has authorized a stock repurchase program of up to $1 billion for its Class A common stock, which is part of its broader strategy to return value to shareholders. The increase in active customers in the Product Commerce segment reached 23.4 million, a 9% growth year-over-year.
linkMay 06, 2025 16:06:30
Coupang, Inc. reported fourth quarter net revenues of $8.0 billion, reflecting a 21% year-over-year increase, with a gross profit of $2.5 billion, up 48% from the previous year. The company also recorded an operating cash flow of $1.9 billion and a free cash flow of $1.0 billion for the entire year. The Product Commerce segment saw a 9% increase in net revenues, while the Developing Offerings segment experienced a significant growth of 296% in net revenues. Active customers in the Product Commerce segment grew by 10% year-over-year to reach 22.8 million.
Conversely, Coupang's net income attributable to stockholders was $156 million, a decrease of $876 million compared to the previous year, primarily due to a non-cash tax benefit recorded in Q4 2023. The diluted earnings per share dropped to $0.08, down from $0.57 a year ago. The company's total operating cash flow and free cash flow also saw declines of 29% and 43%, respectively, compared to the prior year, attributed to non-recurring working capital benefits in the previous year.
linkFeb 25, 2025 16:52:53
Coupang, Inc. announced net revenues of $7.9 billion for the third quarter of 2024, marking a 27% increase year-over-year. The gross profit rose significantly to $2.3 billion, reflecting a 45% year-over-year growth, and the gross profit margin improved to 28.8%. The company's Product Commerce segment showed a solid performance with net revenues of $6.9 billion, up 16% year-over-year, and an increase in active customers to 22.5 million, an 11% growth from the previous year. Additionally, adjusted EBITDA grew to $343 million, representing a 44% increase compared to the same quarter last year.
On the downside, Coupang reported a net income of $64 million, which is a decrease of 30% from $91 million in the same quarter last year. The diluted earnings per share fell to 4 cents, down from 5 cents a year earlier. The company's operating cash flow decreased significantly by $805 million year-over-year to $1.8 billion, and free cash flow also saw a notable decline, dropping to $935 million, down $920 million from the previous year. The losses incurred from the acquisition of Farfetch contributed to these declines, impacting both net income and adjusted EBITDA.
linkNov 05, 2024 16:06:17
Coupang's second quarter 2024 results show impressive revenue growth of 25% year-over-year, reaching $7.3 billion, and a gross profit increase of 41%. However, the company reported a net loss of $105 million, largely due to operating losses from Farfetch and an administrative fine. Despite these challenges, adjusted EBITDA improved, and free cash flow rose significantly, indicating operational strength.
linkAug 06, 2024 16:06:41
Coupang, Inc. appoints Asha Sharma, a Microsoft executive, to its Board of Directors. Sharma's experience with Meta and Instacart in consumer innovations and operational excellence aligns with Coupang's customer-focused mission. Coupang, a Fortune 200 company, aims to revolutionize customer experiences globally, offering various services like retail and fintech. Sharma's addition is expected to bring more innovative services and enhance customer satisfaction, according to Bom Kim, Coupang's CEO.
linkJun 25, 2024 16:26:11
Coupang's Q1 2024 saw net revenues of $7.1 billion, a 23% YoY rise. Gross profit increased by 36% YoY to $1.9 billion. Operating cash flow for the trailing twelve months was $2.4 billion, showing a positive trend. However, net income attributable to Coupang stockholders decreased by $86 million, primarily due to Farfetch losses. Adjusted EBITDA for the quarter was $281 million, down 20 bps YoY. The Developing Offerings segment saw significant revenue growth but posted negative adjusted EBITDA. Coupang aims for Farfetch to achieve positive adjusted EBITDA by end of 2024.
linkMay 07, 2024 16:01:08
Coupang's Q4 2023 saw a 23% YoY revenue increase to $6.6 billion, with a 32% rise in gross profit. Operating cash flow hit $2.7 billion, and free cash flow reached $1.8 billion for the year. Active customers grew by 16%. The WOW membership program expanded to 14 million members. Despite losses in the Developing Offerings segment, Coupang remains optimistic about future growth opportunities and customer satisfaction. CFO highlighted plans to tap into the potential of the Korean and Taiwanese markets.
linkFeb 27, 2024 16:00:52
Coupang, Inc. has completed the acquisition of Farfetch Holdings plc, providing $500M in capital to support Farfetch's brand and boutique partners and global customer base. Leveraging Coupang's operational excellence, Farfetch aims for steady growth. Coupang, a Fortune 200 company, offers various services including same-day delivery, prepared food delivery, fintech, and video streaming, operating in multiple international markets.
linkJan 31, 2024 08:02:23
Coupang, a leading retailer, plans to acquire Farfetch Holdings, a top online luxury company, to become a leader in the $400 billion global personal luxury goods segment. The acquisition aims to provide exceptional experiences for customers, boutiques, and brands worldwide. Farfetch gains access to $500 million of capital. The partnership is expected to redefine the customer experience for luxury clients globally, with Greenoaks as Coupang's investment partner.
linkDec 18, 2023 09:06:45