v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Reportable segment financial information is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2026202520262025
Net revenues
Product Commerce$7,425 $7,334 $14,601 $14,204 
Developing Offerings1,431 1,190 2,759 2,228 
Total net revenues$8,856 $8,524 $17,360 $16,432 
Cost of sales
Product Commerce$5,157 $4,944 $10,159 $9,663 
Developing Offerings1,205 1,019 2,410 1,892 
Total cost of sales$6,362 $5,963 $12,569 $11,555 
Gross profit
Product Commerce$2,268 $2,390 $4,442 $4,541 
Developing Offerings226 171 349 336 
Total gross profit$2,494 $2,561 $4,791 $4,877 
Other segment items (1)
Product Commerce1,886 1,727 $3,702 $3,328 
Developing Offerings445 406 897 739 
Total other segment items$2,331 $2,133 $4,599 $4,067 
Segment adjusted EBITDA
Product Commerce$382 $663 $740 $1,213 
Developing Offerings(219)(235)(548)(403)
Total segment adjusted EBITDA$163 $428 $192 $810 
(1)Other segment items relate to operating, general and administrative expense, excluding depreciation and amortization, equity-based compensation expense, impairments and other items that we do not believe are reflective of our ongoing operations. The CODM does not regularly review disaggregated expense information included within “Other segment items” for any individual segment.
Reconciliations of segment profit or loss:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Total gross profit2,494 2,561 $4,791 $4,877 
Operating, general and administrative(3,050)(2,412)(5,589)(4,574)
Interest expense(25)(25)(38)(48)
Interest income42 51 86 100 
Other income (expense), net6 19 (38)55 
(Loss) income before income taxes$(533)$194 $(788)$410 
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Total segment adjusted EBITDA
$163 $428 $192 $810 
Depreciation and amortization$(145)$(126)(288)(248)
Equity-based compensation(164)(113)(292)(234)
Acquisition and restructuring related losses, net— (40)— (25)
Certain administrative fines(1)
(410)— (410)— 
Interest expense(25)(25)(38)(48)
Interest income42 51 86 100 
Other income (expense), net6 19 (38)55 
(Loss) income before income taxes$(533)$194 $(788)$410 
Note: Amounts may not foot due to rounding.
(1)Administrative fines include only certain significant regulatory fines and penalties that Coupang does not consider to be normal operating expenses related to the Company’s ongoing operations, revenue generating activities, business strategy, industry, and regulatory environment, as discussed in Note 10 — “Commitments and Contingencies”.