Coupang (CPNG) Q2 FY26 earnings call

Earnings call· Jun 2026 (Q2 FY26)· Consumer Discretionary· Aug 4, 2026

Source: earnings call transcript

Coupang demonstrated strong customer reacquisition in Q2 FY26, with consolidated constant currency revenue up 10% and active customers growing. While margins faced temporary pressure from a data incident and elevated marketing, management expects a full recovery by mid-2027. Developing offerings, particularly Taiwan, showed robust growth and improving economics, following a disciplined investment playbook.

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CPNG operating KPIs by quarter

CPNG operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2025 Q4 FY25	Mar 2026 Q1 FY26	This call Jun 2026 Q2 FY26	Change vs prior quarter
Active Customers Product Commerce	24.6M Product Commerce Active Customers for the quarter were 24.6 million, growing 8% year-over-year but down slightly from 24.7 million active customers reported last quarter. Source: earnings call transcript	23.9M Product Commerce active customers for the quarter were 23.9 million, growing 2% year-over-year but down 3% over last quarter. Source: earnings call transcript	24.7M Product Commerce active customers for the quarter were 24.7 million, growing 3% year-over-year and up from 23.9 million last quarter. Source: earnings call transcript	+3.3%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.