Coupang (CPNG) Reports Q4: Everything You Need To Know Ahead Of Earnings

February 24, 2026 at 22:12 PM EST

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Online platform company Coupang (NYSE: CPNG) will be reporting results this Thursday afternoon. Here’s what investors should know.

Coupang beat analysts’ revenue expectations last quarter, reporting revenues of $9.27 billion, up 17.8% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates. It reported 24.7 million active buyers, up 9.8% year on year.

Is Coupang a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Coupang’s revenue to grow 16.2% year on year, slowing from the 21.4% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Coupang has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Coupang’s peers in the online retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Carvana delivered year-on-year revenue growth of 58%, beating analysts’ expectations by 6.8%, and Wayfair reported revenues up 6.9%, topping estimates by 1.1%. Carvana traded down 7.9% following the results while Wayfair was also down 10%.

Read our full analysis of Carvana’s results here and Wayfair’s results here.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. Investors in online retail stocks have been spared in this environment as share prices are down 19.2% on average over the last month. Coupang is down 5.2% during the same time and is heading into earnings with an average analyst price target of $29.51 (compared to the current share price of $18.55).

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