Coupang Q2 2025: Revenue $8.5B (+16% YoY); operating income $149M vs loss last year; EPS $0.02

Coupang, Inc.

2025-Q2 EPS reported $0.08 revenue$16,432,000,000

Net revenues $8.5B, up 16% YoY (19% FX-neutral); gross profit $2.6B, up 20%, margin 30.0% (+79 bps).
Operating income $149M, up $174M YoY; net income $31M vs loss $105M; diluted EPS $0.02 vs ($0.04).
Adjusted EBITDA $428M, margin 5.0% (+51 bps); trailing-12-month free cash flow $784M, down $729M YoY.
Product Commerce: revenues $7.3B (+14% reported, +17% FX-neutral), active customers 23.9M (+10%), segment EBITDA $663M, margin 9.0% (+80 bps).
Developing Offerings: revenues $1.2B (+33%), segment EBITDA loss $235M (loss widened by $35M YoY).

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