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Choosing between a specialized pet care leader and a dominant multi-category logistics giant involves weighing niche loyalty against regional scale. Should you favor Chewy Inc (CHWY -1.25%) or Coupang Inc (CPNG -1.42%) right now?

Chewy focuses on the resilient pet care market in North America through its subscription-based model. Coupang dominates South Korean e-commerce with its integrated delivery network and expanding presence in Taiwan. Both companies represent unique opportunities within their respective markets, though they operate with very different geographic and category concentrations.

The case for ChewyChewy serves as a primary destination for pet parents, offering approximately 190,000 products through its digital platform and mobile apps. The company is a prominent player among retail stocks, specializing in everything from premium food to prescription medications. Following the acquisition of Modern Animal in April 2026, the company plans to grow its physical clinic network to 47 locations to deepen customer loyalty.

In its latest annual report for FY 2025, revenue reached about $12.6 billion, representing a growth rate of approximately 6% compared to the previous year. The company reported net income of approximately $222.8 million for the period, resulting in a net margin of roughly 2%. This performance reflects a continued focus on capturing a larger share of the resilient pet care market while managing costs.

As of its February 2026 balance sheet, the company maintains a debt-to-equity ratio of 1.1x, which compares total debt to the equity held by shareholders. The so-called current ratio stands at approximately 0.9x, measuring the ability to cover short-term liabilities with assets that can be converted to cash quickly. Note that stock-based compensation represented roughly 43% of operating cash flow, which inflates reported cash generation since stock-based compensation is a non-cash expense added back in the cash flow statement.

The case for CoupangCoupang operates a massive logistics and e-commerce infrastructure primarily serving millions of customers in South Korea and Taiwan. The company provides a wide range of services, including Rocket Delivery for rapid shipments, Coupang Eats for food delivery, and luxury goods via the Farfetch platform. Through its logistics partnership with J.Q. Dickinson Salt-Works, it is also expanding the variety of niche consumer goods it brings into Asian markets.

In its latest annual report filed for FY 2025, revenue reached approximately $34.5 billion, which was an increase of around 14% over the prior year. The company reported net income of roughly $208 million, yielding a net margin of 0.6% as it continues to reinvest in its fulfillment network. This growth was supported by an active customer base that reached some 25 million people in the second quarter of 2026.

As of its December 2025 balance sheet, the company has a debt-to-equity ratio of 1.0x and a current ratio of 1.0x. Free cash flow for the fiscal year was approximately $522 million, which is calculated as cash from operations minus capital expenditures. Note that stock-based compensation (SBC) represented roughly 27% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.

Risk profile comparisonChewy faces intense competition from online retailers and local veterinarians who may discourage pet owners from using third-party pharmacies. The company also deals with regulatory scrutiny in California regarding antitrust matters and ongoing litigation that could divert management resources. Finally, reliance on third-party shipping partners means any logistics disruption could immediately hurt customer satisfaction and financial results.

Coupang operates under significant regulatory pressure in Korea, including investigations into marketplace practices and potential fines related to data security. A 2025 data incident involving 33 million customer accounts has led to class action litigation and mandatory compensation programs that impact revenue. Additionally, the company relies heavily on Amazon.com Inc (AMZN -0.15%) for cloud infrastructure, making it vulnerable to service failures or price increases from this provider.

Valuation comparisonChewy currently presents a lower Forward P/E than Coupang, although both stocks are priced at an identical P/S ratio.

MetricChewyCoupangForward P/E16.3x75.8xP/S ratio0.8x0.8xValuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Coupang is the dominant retail platform in its primary market of Korea and it has made great inroads into Taiwan. But a fire at a distribution center and a data breach have made for a tough 2026 for Coupang, with an indication that some consumers who abandoned the platform have yet to return, creating a drag on results. Yet membership in its WOW program has recently reached all-time highs, suggesting the company could start to post improving results in the next few quarters.

Wall Street sees Coupang swinging to a net loss for fiscal 2026, but rebounding in 2027 to post much healthier net income and sales. Forward numbers tend to be speculative, but it's a good long-term sign. Coupang's low P/S ratio gives some justification here for the business as a value play.

Chewy, meanwhile, is establishing a steady growth pattern. In its most recently reported quarter, management noted that its Autoship program grew faster than overall sales, implying that many customers' standing orders will continue to provide a solid base for the company. The company also believes that in the long run, veterinarian and general pet health services are a huge untapped market for Chewy. The business recently closed on the acquisition of Modern Animal, which delivers high profitability per location and is a strong complement to Chewy's existing business.

For fiscal 2026, sales are seen rising 7% to $13.5 billion, with net income up neatrly 50% to $333 million, according to consensus analyst estimates.

With its much more reasonable forward P/E ratio, as well as a market serving dedicated pet owners, Chewy is the stock to buy in 2026, even as Coupang offers long-term promise.

Buying growth stocks at a discount can be a rewarding strategy, especially if the companies in question remain competitively positioned for long-term growth. MercadoLibre (MELI +1.84%) and Coupang (CPNG +1.79%) trade 26% and 68% below their highs, respectively, yet their competitive advantages remain intact, and both are still delivering double-digit percentage revenue growth.

Image source: The Motley Fool.

1. MercadoLibre MercadoLibre shares are down by about 26% from their peak, even as the company just posted a standout 43% year-over-year revenue increase on a constant-currency basis in the second quarter. As Latin America's leading e-commerce and fintech platform, it has sustained strong growth for years.

The company's edge comes from combining its online marketplace with a fast-growing financial services ecosystem that includes payments and credit tools. The marketplace reached 89 million unique active buyers last quarter, up 26% year over year, while the fintech platform had 88 million monthly active users, up 30%. That tight integration is hard for competitors to replicate, which helps explain MercadoLibre's long track record of growth.

Premium Feature

Moneyball Superscore

85/100

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Current Price

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1,966.25

Management continues to strengthen the flywheel by offering benefits that work across both platforms. Its loyalty program, for instance, links marketplace perks like free shipping with fintech rewards such as cashback, increasing engagement and customer retention.

MercadoLibre also wins on logistics. With a growing warehouse footprint in Brazil, it has improved its delivery speed and expanded the scope of its free shipping offers. After it lowered the minimum purchase requirement for free shipping last year, items sold per buyer rose 19% year over year in Q2.

The stock's recent pullback reflects the market's worries about the margin pressure MercadoLibre is facing. However, management continues to prioritize long-term gains over short-term profits. Long-term investors will appreciate that its investments in free shipping, delivery infrastructure, and credit cards are intended to widen its competitive moat and deepen its customer relationships. That's a good reason to buy the dip.

Moreover, the company's advertising revenue, which grew by over 70% last quarter, could be a catalyst for margin expansion over the next decade.

Trading at about 2.8 times trailing sales, below its three-year average of 4.6 times, the stock looks appealing, particularly for a business still growing at this pace. The dip offers a chance to buy a proven long-term compounder at a discount.

2. Coupang Coupang shares are down roughly 68% from their early all-time high in 2021, and have slumped by about 52% from their 52-week high as revenue growth has slowed over the past year. A data breach incident disrupted customer shopping behavior and weighed on momentum. Even so, revenue rose 10% year over year in Q2 on a currency-adjusted basis, compared to the 14% growth it delivered in 2025.

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Moneyball Superscore

62/100

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0.29

Current Price

$

16.52

Coupang is headquartered in Seattle, but primarily operates in South Korea, where it remains the dominant e-commerce player. Its advantages in that market are difficult for rivals to replicate. Building a fast delivery network in a nation of dense cities filled with apartment buildings is expensive and complex, yet Coupang has done it -- and it delivers about 99% of orders within one day or faster.

Its moat is reinforced by its delivery infrastructure, warehouse automation, and its WOW membership program, which bundles free shipping, food delivery, streaming, and other perks. Once customers join, they tend to spend more with Coupang over time. Coupang's longest-tenured WOW members -- those acquired more than a decade ago -- now spend nearly 10 times what they did in year one, a strong sign of both the platform's stickiness and the limited nature of the alternatives.

That also helps explain the speed of its recovery from its data breach incident: Many customers who left have returned, and their spending has climbed above pre-incident levels.

Product commerce active customers increased 3% year over year to 24.7 million in Q2. Coupang is also applying its Korea strategy to Taiwan, which continues to show promise, with the business growing at a pace comparable to what it achieved in South Korea during its early years of expansion there.

With the stock trading at about 0.8 times sales -- roughly half its P/S ratio before the data breach incident -- it looks cheap. As the sting of that incident fades and WOW membership expands, growth could reaccelerate, giving investors who buy at today's discount a chance at excellent returns over the next decade.

Will the massive logistics power of South Korea's e-commerce leader or the viral momentum of a disruptive makeup brand deliver better results for your portfolio? Let's compare Coupang (CPNG +1.17%) and e.l.f. Beauty (ELF +3.53%).

Coupang is a technological powerhouse transforming retail and delivery across Asia, while e.l.f. Beauty leverages social media and value pricing to capture the global cosmetics market. Both companies have shown impressive top-line momentum, but their vastly different industries and scale offer unique opportunities for investors looking to diversify their holdings.

The case for CoupangCoupang operates a massive technology-driven logistics network that powers its retail, food delivery, and video streaming services across South Korea and Taiwan. The company relies on its proprietary WOW membership program to drive customer loyalty among nearly 25 million active users. While the company maintains relationships with various merchants and suppliers, it does not have a single customer accounting for more than 10% of revenue.

In the fiscal year ended Dec. 31, 2025, revenue reached nearly $34.5 billion, representing a growth of roughly 14.1% compared with the prior fiscal year. The company reported net income of approximately $208.0 million, which resulted in a net margin of close to 0.6%. This marks a continuation of profitability even as the company integrates its recent acquisition of Farfetch and expands into new geographic markets.

As of its December 2025 balance sheet, the debt-to-equity ratio was approximately 1.0x, meaning total debt equals shareholder equity. The current ratio, which measures the ability to cover short-term obligations with current assets, was close to 1.0x. Note that stock-based compensation represented roughly 26.8% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.

The case for e.l.f. Beautye.l.f. Beauty specializes in high-quality cosmetic and skincare products at accessible price points, primarily serving the U.S. market. The company builds its presence among retail stocks by leveraging viral marketing and maintaining strong partnerships with major national retailers. These partnerships with Target, Walmart, and Amazon provide the company with a massive distribution network, though customer concentration like this adds a layer of risk since these three retailers plus Sephora account for over 50% of net sales.

In the fiscal year ended March 31, 2026, revenue reached nearly $1.6 billion, a growth of roughly 24.6% year over year. The company reported a net income of approximately $26.3 million, yielding a net margin of close to 1.6%. While revenue has climbed significantly, the net margin declined from the previous year as the company invested heavily in brand expansion and international growth initiatives.

As of its March 2026 balance sheet, the current ratio was approximately 2.3x, indicating a strong ability to cover short-term liabilities. The debt-to-equity ratio was close to 0.8x, showing that total debt is lower than total shareholder equity. Note that stock-based compensation represented roughly 40.9% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.

Risk profile comparisonCoupang faces substantial risks involving data security, particularly following a November 2025 incident that compromised approximately 33 million accounts. This event triggered government inquiries and class action litigation that could lead to significant financial penalties. Furthermore, regulatory bodies in South Korea continue to investigate the company's search ranking and bundling practices, and the company remains vulnerable to geopolitical tensions between North and South Korea.

e.l.f. Beauty is vulnerable to global trade policy changes, as it sources a majority of its supply chain from China. The company also faces operational risks associated with integrating recent acquisitions, such as its purchase of rhode, which depends on retaining key personnel like Hailey Bieber. Additionally, the company competes with established giants like The Estee Lauder Companies and L'Oreal, requiring constant innovation to maintain its market position amid changing consumer preferences.

Valuation comparisonWhile Coupang trades at a much lower P/S ratio, e.l.f. Beauty offers a more conservative Forward P/E relative to future earnings estimates.

MetricCoupange.l.f. BeautyForward P/E51.4x27.3xP/S ratio0.8x3.5xValuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

I'd go with e.l.f. Beauty, which just delivered a spectacular quarter: 30 consecutive quarters of sales growth, plus a massive earnings beat and a full-year outlook raised by a wide margin. The momentum here is exciting. The Rhode acquisition was an incredibly smart move, and it's now contributing at a level that exceeded even optimistic projections. International revenue is surging and the brand keeps gaining market share in a competitive beauty category.

Coupang, by contrast, is navigating a complicated stretch right now. The underlying e-commerce business is growing steadily in South Korea, and the company has a loyal customer base that keeps spending. But a customer data breach that damaged trust, a weaker South Korean currency eating into results, and a large fine from Korean regulators in the most recent quarter muddied the results in ways that are concerning.

Both companies are growing, but e.l.f. is accelerating while Coupang is managing headwinds. For a long-term investor, e.l.f. Beauty's brand momentum and 30-quarter growth streak make it the stronger pick right now.

Loading up on growth stocks while they're down big can set up investors for significant gains later on. It's important, however, to understand why they are struggling before buying them, so that investors are aware of any risks involving them.

Three growth stocks that may look incredibly appealing to long-term investors right now are Oracle (ORCL -1.60%), Intuit (INTU +4.38%), and Coupang (CPNG +0.73%). Here's why they may be worth buying, while they're down more than 50% from their highs.

Image source: Getty Images.

OracleDatabase giant Oracle has come under pressure this year due to its rising debt load and exposure to OpenAI, the company behind ChatGPT. Since the start of the year, Oracle's shares have fallen by 26%. On Monday, it closed below $147 -- a significant pullback from the 52-week high of $345.72 it reached last year.

In its most recent earnings report, the company said it still expects to raise roughly $40 billion for the current fiscal year through a combination of debt and equity. While the business has been growing at a fast pace and expects revenue to rise between 27% and 29% during the first quarter of fiscal 2027, which runs through the end of August, investors appear more concerned about the long-term risks it faces.

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There is undoubtedly risk here with Oracle, but that's arguably priced into its valuation; the stock is trading at 18 times its estimated future earnings (based on analyst expectations). That's a fairly low multiple for a top tech stock such as Oracle. For investors willing to take on the risk, there could be some attractive upside ahead if the company can calm investor fears.

IntuitShares of software company Intuit have nosedived nearly 50% since the start of 2026. Investor fears about artificial intelligence (AI) and the possibility that it could disrupt software businesses led to many quality stocks, including Intuit, falling sharply in the early part of the year.

While Intuit has begun to rally in recent months, it still has a long way to go before it fully recovers from the sharp sell-off. Yesterday, it closed at around $335, which is more than 50% below its 52-week high of $719.10.

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Intuit's business still looks to be in solid shape, with the company reporting revenue growth of 10% in its third-quarter results, which went up until the end of April. I believe the market has overreacted in the case of Intuit, as its tax and accounting software isn't something AI could easily replace, nor is it something consumers and businesses would easily trust even if it did.

Trading at just 12 times its projected future earnings, the stock still looks like a steal of a deal.

CoupangE-commerce company Coupang is a leader in the South Korean market, with opportunities to expand and grow internationally. However, this year, its shares have fallen by more than 30%. A large data breach last year, which affected an estimated 37 million accounts, has weighed on not just investor confidence in the stock but also the company's financial results, as it has faced fines as a result of the scandal.

The stock, which trades at around $16 now, reached a high of more than $34 last year. It's down big as confidence has seemingly faded from this once-promising growth stock.

But while breaches can be devastating, they can, unfortunately, also be commonplace. Many companies have fallen victim to them, and while in the short term, their share prices may collapse, they often end up recovering in the long run.

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Coupang may still face a challenging road ahead, but buying the stock at a deeply reduced valuation could be enticing to investors. While its forward price-to-earnings multiple of 35 isn't exactly cheap, the stock's price-to-earnings-growth (PEG) multiple is less than 0.50, which indicates good value when looking at the long run; the PEG considers the company's expected growth over five years.

For investors who are willing to remain patient and wait for a turnaround, there may be significant upside here.

Coupang currently trades at $16.19, while the average Wall Street price target sits at $23.82. That leaves the stock roughly 47% below where analysts think it should trade. Barclays’ Jiaming Liang carries a $30 Overweight target, implying roughly 85% upside from here.

Coupang (NYSE:CPNG | CPNG Price Prediction) is the dominant e-commerce and logistics operator in South Korea, often called the Amazon of its home market. Its Rocket Delivery network, WOW membership program, and growing Developing Offerings arm (Coupang Eats, Play, fintech, and Farfetch) have made it a favorite of growth investors betting on Asia consumer digitization.

The gap between price and target now sits among the widest in large-cap internet retail.

A $410 Million Fine, a Data Breach, and a Currency Problem The Q2 2026 report snapped the stock. Coupang absorbed ~$410 million in Korean administrative fines from the country’s Personal Information Protection Commission, tied to the November 2025 breach that exposed data on 33 million customers. That charge flipped GAAP operating income to a -$556 million loss, versus a $149 million profit a year earlier.

Currency did the rest of the damage. A weaker Korean Won created a $548 million FX headwind, dragging reported revenue growth to +3.9% even though constant-currency growth was 10%. Free cash flow collapsed 79% year over year, Product Commerce gross margin contracted 204 basis points to 30.5%, and shareholders’ equity fell 36% YoY.

Analysts trimmed targets while keeping Buy ratings: Deutsche Bank upgraded to Buy but cut its target to $21.50, and Bank of America lowered its target to $24.

Why Barclays Is Standing By a $30 Target Bulls argue the quarter looks worse than the business. The fine is one-time. The FX drag is macro-driven. Strip both out, and Coupang is still compounding: constant-currency growth of 10%, Developing Offerings revenue up 20% with gross profit up 32%, and Product Commerce active customers growing at 24.7 million (+3% YoY).

Barclays’ Liang builds the $30 target on four pillars: the Rocket Delivery logistics moat, Taiwan expansion proving the model travels, high-margin advertising, merchant fulfillment, and WOW monetization, and a Farfetch turnaround that removes a cash drag. Morningstar’s Chelsey Tam projects Product Commerce margins to fully recover by mid-2027.

Of 18 analysts, 5 rate CPNG Strong Buy, 8 Buy, 4 Hold, 0 Sell, and 1 Strong Sell. Management is repurchasing 23.2 million shares for $459 million in Q2 under an active $2 billion authorization. The sell side has not blinked on the thesis.

Coupang Is Falling While Its Peers Hold Up This selloff is company-specific. Nothing else in the peer set is down 31% YTD.

MercadoLibre (NASDAQ:MELI) trades at $1,824.34, down 9.4% YTD, against a $2,229.46 target. That is roughly 22% upside, with 20 of 24 analysts at Buy or Strong Buy.

Sea Limited (NYSE:SE) sits at $114.73, down 10% YTD, against a $141.97 target, or about 24% upside. Ratings are almost uniformly bullish, with 27 of 29 analysts at Buy or better.

JD.com (NASDAQ:JD) is the outlier upside, actually up 20.7% YTD to $33.47, with a $39.65 target implying 18% upside. Analysts still lean Buy but the easy money looks made.

Coupang carries the largest implied upside in the group by a wide margin. Either the market is right that Korean regulatory and breach damage is structural, or the peer group is signaling a mispricing.

The Gap Wall Street Is Watching Coupang trades at $16.19 against a $23.82 mean target across 18 covering analysts, an implied upside of roughly 47%. The Barclays high end at $30 pushes that to roughly 85%.

The stock is down 31.37% YTD and 41.8% over the past year. The S&P 500 is up 13.36% YTD and 21.3% over one year. Coupang is trading near its 52-week low of $14.92.

Cheap for a Reason, or Cheap Enough to Own The bull case holds if the Q2 fine was the peak of the regulatory cycle, the Korean Won stabilizes, and Product Commerce margins recover on the mid-2027 timeline management has signaled. Constant-currency growth of 10%, aggressive buybacks at depressed prices, and Taiwan expansion could drive the stock toward the $23 to $30 target zone.

The bear case holds if Developing Offerings losses keep widening from $329 million in Q1, if Seoul regulators find something new to fine, or if card data confirms share loss to rivals. A doubling of short-term borrowings and a 36% drop in shareholders’ equity are balance-sheet moves that turn cheap stocks into value traps.

On balance, the setup leans favorably. The bull thesis has specific catalysts and a defined recovery window. Coupang’s implied upside dwarfs anything else in the peer group. The path will be bumpy, but the risk/reward skew is wider than for peers offering a quarter of the upside.

Contact [email protected] for any questions or corrections.

Coupang is recovering from a data breach, with underlying fundamentals and customer spend showing resilience and platform stickiness. CPNG's Korea operations remain highly profitable, while accelerated logistics investment positions Taiwan as the next potential profit engine. Despite near-term headwinds, CPNG trades at a historical low 0.7–0.8x forward revenue multiple, implying significant upside if re-rated to peer averages.

Net Revenues of $8.9 billion, up 4% YoY and 10% on a constant currency basis

Product Commerce Segment Net Revenues of $7.4 billion, up 1% YoY and 8% on a constant currency basis

Developing Offerings Segment Net Revenues of $1.4 billion, up 20% YoY and 24% on a constant currency basis

SEATTLE--(BUSINESS WIRE)--Coupang, Inc. (NYSE: CPNG) today announced financial results for its second quarter ended June 30, 2026.

Q2 2026 Consolidated Highlights:

Total net revenues were $8.9 billion, up 4% YoY on a reported basis and 10% YoY on a constant currency basis. Gross profit was $2.5 billion, decreasing 3% YoY on a reported basis and increasing 3% YoY on a constant currency basis. Gross profit margin was 28.2%, a decrease of 188 bps YoY. Operating (loss) income was $(556) million, a decrease of $705 million from the operating income last year. Excluding approximately $410 million of certain administrative fines in Korea, operating (loss) income was $(146) million, a decrease of $295 million from the operating income last year. Net (loss) income attributable to Coupang stockholders was $(570) million, a decrease of $602 million from the same period last year. Excluding the administrative fines in Korea, net (loss) income was $(160) million, a decrease of $192 million from the same period last year. Diluted EPS was $(0.32), down $0.34 YoY. Diluted EPS excluding the administrative fines was $(0.09), down $0.11 YoY. Adjusted EBITDA for the quarter was $163 million with a margin of 1.8%, down 318 bps versus last year. Operating cash flow for the trailing twelve months was $1.4 billion, a decrease of $484 million YoY and free cash flow was $105 million for the trailing twelve months, a decrease of $679 million YoY. 23.2 million shares of Class A common stock were repurchased during the quarter for an aggregate amount of $459 million. Q2 2026 Segment Highlights:

Product Commerce segment net revenues were $7.4 billion, up 1% YoY on a reported basis and 8% YoY on a constant currency basis. Product Commerce gross profit was $2.3 billion, down 5% YoY on a reported basis and up 1% YoY on a constant currency basis. Gross profit margin was 30.5%, a decrease of 204 bps YoY. Product Commerce segment adjusted EBITDA was $382 million, down $281 million YoY, with a margin of 5.1%, down 390 bps YoY. Product Commerce Active Customers grew to 24.7 million, up 3% YoY. Developing Offerings segment net revenues were $1.4 billion, up 20% YoY on a reported basis and 24% YoY on a constant currency basis. Developing Offerings segment adjusted EBITDA losses were $219 million, improving $16 million YoY. Second Quarter 2026 Results

Consolidated Financial Summary

  (in millions, except net revenues per Product Commerce Active Customer and earnings per share)

Three Months Ended June 30,

2026

2025

% Change

Total net revenues

$

8,856

$

8,524

4

%

Total net revenues growth, constant currency(1)

10

%

Net revenues per Product Commerce Active Customer

$

301

$

307

(2

)%

Net revenues per Product Commerce Active Customer, constant currency

$

321

5

%

Product Commerce Active Customers

24.7

23.9

3

%

Gross profit(2)

$

2,494

$

2,561

(3

)%

Gross profit growth, constant currency(1)(2)

3

%

Operating (loss) income

$

(556

)

$

149

NM(3)

Adjusted operating (loss) income(1)

$

(146

)

$

149

NM(3)

Net (loss) income

$

(570

)

$

31

NM(3)

Net (loss) income attributable to Coupang stockholders

$

(570

)

$

32

NM(3)

Adjusted net (loss) income attributable to Coupang stockholders(1)

$

(160

)

$

32

NM(3)

Adjusted EBITDA(1)

$

163

$

428

(62

)%

Earnings per share, basic and diluted

$

(0.32

)

$

0.02

NM(3)

Adjusted diluted earnings per share(1)

$

(0.09

)

$

0.02

NM(3)

Net cash provided by operating activities

$

367

$

545

(33

)%

Free cash flow(1)

$

51

$

247

(79

)%

Trailing Twelve Months Ended June 30,

% Change

(in millions)

2026

2025 Net cash provided by operating activities

$

1,425

$

1,909

(25

)%

Free cash flow(1)

$

105

$

784

(87

)%

Segment Information

  Three Months Ended June 30,

(in millions)

2026

2025

% Change

Product Commerce

Net revenues

$

7,425

$

7,334

1

%

Net revenues growth, constant currency(1)

8

%

Gross profit(2)

$

2,268

$

2,390

(5

)%

Gross profit growth, constant currency(1)(2)

1

%

Segment adjusted EBITDA

$

382

$

663

(42

)%

Developing Offerings

Net revenues

$

1,431

$

1,190

20

%

Net revenues growth, constant currency(1)

24

%

Gross profit(2)

$

226

$

171

32

%

Gross profit growth, constant currency(1)(2)

32

%

Segment adjusted EBITDA

$

(219

)

$

(235

)

7

%

Webcast and Conference Call

Coupang, Inc. will host a conference call to discuss second quarter results on August 4, 2026 at 2:30 PM PT/ 5:30 PM ET. A live webcast of the conference call will be available on our Investor Relations website, ir.aboutcoupang.com, and a replay of the conference call will be available for at least three months. This press release, including the reconciliations of certain non-GAAP financial measures to their nearest comparable U.S. GAAP financial measures, as well as our second quarter earnings presentation, are also available on that site.

About Coupang

Coupang is a technology and Fortune 150 company listed on the New York Stock Exchange (NYSE: CPNG) that provides retail, restaurant delivery, video streaming, and fintech services to customers around the world under brands that include Coupang, Eats, Play, Rocket Now, and Farfetch. It operates in over 190 countries and territories around the world.

FORWARD-LOOKING STATEMENTS

This earnings release and related management commentary may contain statements that may be deemed to be "forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (together, the "Act”), that are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws.

We have based the forward-looking statements contained in this earnings release and related management commentary on our current expectations and projections about future events and trends that we believe may affect our industry, business, financial condition, and results of operations. All statements other than statements of historical facts contained in this earnings release and related management commentary, including statements about our business and growth strategies, anticipated or target revenues, growth rates, margins, cash flows, and other operating or financial results, future customer retention, spend and growth rates or trends, our planned investments in new products and offerings, future marketing spend and cost saving trends, future impacts of AI on our business and operating and financial results, and their anticipated outcomes, as well as our beliefs and expectations related to the impact of the recent data incident on our business and operating or financial results, the pace of recovery from the data incident, and our efforts to prevent future data incidents, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "may," "sustain," "plan," "run," "long-term," "potential," "more," "predict," "view," "project," "guide," "arrive," "manage," "should," "target," "toward," "think," "will," "shall," "keep," "goal," "grow," "generate," "objective," "represent," "seek," "see," "apply," "bring," "strategy," "future," "create," "opportunity," "runway," "trajectory," "roll," "work," "increase," "return," "continue," "expand," "extend," "build," "move," "climb," "pace," "restore," "raise," "improve," "refine," "add," "retain," "make," "on-going," "momentum," "compound," "prevent," "commit," "want," "can," or "would," or the negative of these words or other similar terms or expressions. Actual results and outcomes could differ materially from those expressed or contemplated by the forward-looking statements for a variety of reasons, including, among others, risks and uncertainties regarding the nature and scope of any past or future data incidents, investigations and administrative fines related to such data incidents, the impact of such data incidents on us, our customers, operations, and financial results; the continued growth of the retail market; changes in consumer preferences and spending patterns; the increased acceptance of online transactions by potential customers; competition in our industry; managing our growth, investment, and expansion into new markets and offerings; risks associated with current and future acquisitions, mergers, dispositions, joint ventures or investments; potential fluctuations in our financial performance; the extent to which we owe income or other taxes; our ability to retain existing suppliers and to add new suppliers on terms acceptable to us; our market position; our operation and management of our fulfillment and delivery infrastructure; legal and regulatory developments; the outcomes of any claims, litigation, audits, inspections and investigations; and the impact of global economic factors including inflation, foreign currency exchange rates, geopolitical events (including the ongoing conflict in the Middle East), tariffs and other trade barriers, and outcomes from catastrophic occurrences. The forward-looking statements contained in this earnings release and related management commentary are also subject to other risks and uncertainties that could cause actual results to differ from the results predicted. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see our most recent Annual Report on Form 10-K and subsequent SEC filings. All forward-looking statements in this earnings release and related management commentary are based on information available to Coupang and assumptions and beliefs as of the date hereof, and we disclaim any obligation to update any forward-looking statements, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.

Additional information relating to certain of our financial measures contained herein, including non-GAAP financial measures, is available in this earnings release, including under "Non-GAAP Financial Measures” and "Reconciliations of Non-GAAP Measures” below, and at our website at ir.aboutcoupang.com.

Investors and others should note that we may announce material business and financial information to our investors using our investor relations website (ir.aboutcoupang.com) and through https://news.coupang.com, our filings with the SEC, webcasts, press releases (including those on our investor relations website and https://news.coupang.com), and conference calls. We use these mediums to communicate with investors and the general public about our company, our products, and other matters. It is possible that the information that we make available on our investor relations website or through https://news.coupang.com may be deemed to be material information. We therefore encourage investors and others interested in our company to review the information that we make available on our investor relations website and https://news.coupang.com. Notwithstanding the foregoing, the information contained on our investor relations website and https://news.coupang.com, as referenced in this paragraph, are not incorporated by reference into this release or any other report or document we file with the SEC.

Any updates to the list of disclosure channels through which we will announce information will be posted on our investor relations website or https://news.coupang.com.

  COUPANG, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

  Three Months Ended

June 30,

Six Months Ended

June 30,

(in millions, except per share amounts)

2026

2025

2026

2025

Net retail sales

$

6,744

$

6,507

$

13,220

$

12,595

Net other revenue

2,112

2,017

4,140

3,837

Total net revenues

8,856

8,524

17,360

16,432

Cost of sales

6,362

5,963

12,569

11,555

Operating, general and administrative

3,050

2,412

5,589

4,574

Total operating cost and expenses

9,412

8,375

18,158

16,129

Operating (loss) income

(556

)

149

(798

)

303

Interest income

42

51

86

100

Interest expense

(25

)

(25

)

(38

)

(48

)

Other income (expense), net

6

19

(38

)

55

(Loss) income before income taxes

(533

)

194

(788

)

410

Income tax expense

37

163

48

265

Net (loss) income

(570

)

31

$

(836

)

$

145

Net (loss) income attributable to noncontrolling interests

—

(1

)

—

6

Net (loss) income attributable to Coupang stockholders

(570

)

32

$

(836

)

$

139

Earnings per share

Basic and diluted

$

(0.32

)

$

0.02

$

(0.46

)

$

0.08

Weighted-average shares outstanding

Basic

1,799

1,817

1,812

1,812

Diluted

1,799

1,855

1,812

1,847

COUPANG, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

  (in millions)

June 30, 2026

December 31, 2025

Assets

Cash and cash equivalents

$

6,110

$

6,318

Restricted cash

94

94

Accounts receivable, net

363

363

Inventories

2,067

2,256

Prepaids and other current assets

626

660

Total current assets

9,260

9,691

Property and equipment, net

3,753

3,722

Operating lease right-of-use assets

2,762

2,765

Intangible assets, net

167

190

Deferred tax assets

626

596

Long-term lease deposits and other

826

823

Total assets

$

17,394

$

17,787

Liabilities and equity

Accounts payable

$

6,328

$

6,298

Accrued expenses

876

515

Deferred revenue

204

188

Short-term borrowings

1,985

960

Current portion of long-term operating lease obligations

560

545

Other current liabilities

686

851

Total current liabilities

10,639

9,357

Long-term debt

618

648

Long-term operating lease obligations

2,470

2,482

Defined severance benefits and other

680

677

Total liabilities

14,407

13,164

Commitments and contingencies

Equity

Common stock

—

—

Class A — shares authorized 10,000, outstanding 1,634 and 1,665

Class B — shares authorized 250, outstanding 158 and 158

Additional paid-in capital

8,453

9,025

Accumulated other comprehensive loss

(609

)

(381

)

Accumulated deficit

(4,857

)

(4,021

)

Total equity

2,987

4,623

Total liabilities and equity

$

17,394

$

17,787

COUPANG, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

  Six Months Ended June 30,

(in millions)

2026

2025

Operating activities

Net (loss) income

$

(836

)

$

145

Adjustments to reconcile net (loss) income to net cash provided by operating activities:

Depreciation and amortization

288

248

Provision for severance benefits

133

115

Equity-based compensation

283

234

Non-cash operating lease expense

286

237

Deferred income taxes

(70

)

23

Other

137

89

Change in operating assets and liabilities, net of acquisition:

Accounts receivable, net

(26

)

(80

)

Inventories

77

(110

)

Other assets

(192

)

(276

)

Accounts payable

520

370

Accrued expenses

378

(55

)

Other liabilities

(427

)

(41

)

Net cash provided by operating activities

551

899

Investing activities

Purchases of property and equipment

(613

)

(538

)

Proceeds from sale of property and equipment

3

2

Other investing activities

(18

)

24

Net cash used in investing activities

(628

)

(512

)

Financing activities

Proceeds from issuance of common stock, equity-based compensation plan

1

3

Repurchase of Class A common stock

(850

)

—

Proceeds from short-term borrowings and long-term debt

3,082

781

Repayment of short-term borrowings and long-term debt

(2,019

)

(649

)

Other financing activities

—

(27

)

Net cash provided by financing activities

214

108

Effect of exchange rate changes on cash and cash equivalents and restricted cash

(345

)

363

Net (decrease) increase in cash and cash equivalents and restricted cash

(208

)

858

Cash and cash equivalents and restricted cash, as of beginning of period

6,412

6,031

Cash and cash equivalents and restricted cash, as of end of period

$

6,204

$

6,889

  Supplemental Financial Information

Share Information

  As of June 30,

(in millions)

2026

2025

Outstanding common stock

1,792

1,819

Outstanding equity-based awards

88

81

Outstanding common stock and equity-based awards

1,880

1,900

Key Business Metrics and Non-GAAP Financial Measures

We review the key business and financial metrics discussed below. We use these measures to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans, and make strategic decisions.

Key Business Metrics

Net Revenues per Product Commerce Active Customer and Constant Currency Net Revenues per Product Commerce Active Customer

Net revenues per Product Commerce Active Customer is the total Product Commerce net revenues generated in a period divided by the total number of Product Commerce Active Customers in that period. A key driver of growth is increasing the frequency and the level of spend of customers who are shopping on our Product Commerce apps or websites. We therefore view net revenues per Product Commerce Active Customer as a key indicator of engagement and retention of our customers and our ability to drive future revenue growth, though there may be a short-term dilutive impact when a large number of new Product Commerce Active Customers are added in a recent period.

Constant currency net revenues per Product Commerce Active Customer is the total Product Commerce net revenues generated in a period translated using the prior period exchange rate to exclude the effect of foreign exchange rate movements divided by the total number of Product Commerce Active Customers in that period. Constant currency net revenues per Product Commerce Active Customer is a key indicator to evaluate net revenues per Product Commerce Active Customer between periods as it excludes the effects of foreign currency volatility that are not indicative of customer engagement and retention.

Product Commerce Active Customers

A customer is anyone who has created an account on our apps or websites, identified by a unique email address. As of the last date of each quarterly reported period, we determine our number of Product Commerce Active Customers by counting the total number of individual customers who have ordered at least once directly from our Product Commerce apps or websites during the relevant quarterly period. The change in Product Commerce Active Customers in a reported period captures both the inflow of new customers who have made a purchase in the period as well as the outflow of existing customers who have not made a purchase in the period. We view the number of Product Commerce Active Customers as an indicator of future growth in our net revenue, the reach of our network, the awareness of our brand, and the engagement of our customers.

Three Months Ended June 30,

(in millions, except net revenues per Product Commerce Active Customer)

2026

2025

% Change

Net revenues per Product Commerce Active Customer

$

301

$

307

(2

)%

Net revenues per Product Commerce Active Customer (Constant Currency)

$

321

5

%

Product Commerce Active Customers

24.7

23.9

3

%

Non-GAAP Financial Measures

We report our financial results in accordance with U.S. GAAP. However, management believes that certain non-GAAP financial measures provide investors with additional useful information in evaluating our performance. These non-GAAP financial measures may be different than similarly titled measures used by other companies.

Our non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with U.S. GAAP. Non-GAAP financial measures have limitations in that they do not reflect all the amounts associated with our results of operations as determined in accordance with U.S. GAAP. These measures should only be used to evaluate our results of operations in conjunction with the corresponding U.S. GAAP measures.

Non-GAAP Measure

Definition

How We Use The Measure

Total Net Revenues, Constant Currency and Gross Profit, Constant Currency

• Constant currency information compares results between periods as if exchange rates had remained constant.

• We define total net revenues, constant currency and gross profit, constant currency as total revenue and gross profit, respectively, excluding the effect of foreign exchange rate movements, and use it to determine the total net revenues growth, constant currency and gross profit growth, constant currency on a comparative basis.

• Total net revenues, constant currency and gross profit, constant currency are calculated by translating current period total net revenues and gross profit using the prior period exchange rate.

• The effect of currency exchange rates on our business is an important factor in understanding period-to-period comparisons. Our financial reporting currency is the U.S. dollar ("USD”) and changes in foreign exchange rates can significantly affect our reported results and consolidated trends. For example, our business generates sales predominantly in Korean Won ("KRW”), which are favorably affected as the USD weakens relative to the KRW, and unfavorably affected as the USD strengthens relative to the KRW.

• We use total net revenues, constant currency and total net revenues growth, constant currency, gross profit, constant currency and gross profit growth, constant currency for financial and operational decision-making and as a means to evaluate comparisons between periods. We believe the presentation of our results on a constant currency basis in addition to U.S. GAAP results helps improve the ability to understand our performance because they exclude the effects of foreign currency volatility that are not indicative of our actual results of operations.

Total Net Revenues Growth, Constant Currency and Gross Profit Growth, Constant Currency

• Total net revenues growth, constant currency and gross profit growth, constant currency (as percentages) are calculated by determining the increase in current period revenue and gross profit, respectively, over prior period revenue and gross profit, respectively, where current period foreign currency revenue and gross profit are translated using prior period exchange rates.

Free Cash Flow

• Net cash provided by (used in) operating activities

Less: purchases of property and equipment,

Plus: proceeds from sale of property and equipment.

• Provides information to management and investors about the amount of cash generated from our ongoing operations that, after purchases and sales of property and equipment, can be used for strategic initiatives, including investing in our business and strengthening our balance sheet, including paying down debt, repurchasing shares of our Class A common stock, and paying dividends to stockholders.

Adjusted EBITDA

• Net income (loss), excluding the effects of:

- depreciation and amortization,

- interest expense,

- interest income,

- other income (expense), net,

- income tax expense (benefit),

- equity-based compensation,

- acquisition and restructuring-related costs, net,

- impairments, and

- other items not reflective of our ongoing operations, such as certain administrative fines and catastrophic occurrences.

• Provides information to management to evaluate and assess our performance and allocate internal resources.

• We believe Adjusted EBITDA and Adjusted EBITDA Margin are frequently used by investors and other interested parties in evaluating companies in the retail industry for period-to-period comparisons as they remove the impact of certain items that are not representative of our ongoing business, such as material non-cash items, acquisition-related transaction and restructuring costs, significant costs related to certain non-ordinary course legal and regulatory matters, catastrophic losses, and certain variable charges.

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.

Adjusted EBITDA Margin

• Adjusted EBITDA as a percentage of total net revenues.

Adjusted Operating (Loss) Income

• Operating (loss) income excluding the impact of certain administrative fines.

• We believe adjusted operating (loss) income, adjusted net (loss) income attributable to Coupang stockholders, and adjusted diluted earnings per share provide useful supplemental information for investors to compare our current earnings results from one period to another. Adjusted operating (loss) income, adjusted net (loss) income attributable to Coupang stockholders, and adjusted diluted earnings per share are performance measures and should not be used as measures of liquidity.

Adjusted Net (Loss) Income Attributable to Coupang Stockholders

• Net (loss) income attributable to Coupang stockholders excluding the impact of certain administrative fines.

Adjusted Diluted Earnings Per Share

• Adjusted net (loss) income attributable to Coupang stockholders divided by the weighted average dilutive shares outstanding for the period.

Reconciliations of Non-GAAP Measures

In reliance on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K, we have not provided the most directly comparable forward-looking U.S. GAAP measure to our total net revenues growth, constant currency guidance and adjusted EBITDA margin guidance or a reconciliation of these forward-looking non-GAAP financial measures to their most directly comparable U.S. GAAP measures as a result of uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation, income tax, and currency exchange rates. Accordingly, a reconciliation is not available without unreasonable effort due to the uncertainty of these reconciling items. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond our control, we are also unable to predict their probable significance. However, it is important to note that these factors could be material to Coupang’s results computed in accordance with U.S. GAAP. Certain amounts may not foot due to rounding.

The following tables present the reconciliations from each U.S. GAAP measure to its corresponding non-GAAP measure for the periods noted.

  Total Net Revenues, Constant Currency and Total Net Revenues Growth, Constant Currency

  Three Months Ended June 30,

Year over Year Growth

2026

2025

(in millions)

As Reported

Exchange
Rate Effect

Constant
Currency
Basis

As Reported

As
Reported

Constant
Currency
Basis

Consolidated

Net retail sales

$

6,744

$

417

$

7,161

$

6,507

4

%

10

%

Net other revenue

2,112

131

2,243

2,017

5

%

11

%

Total net revenues

$

8,856

$

548

$

9,404

$

8,524

4

%

10

%

Net Revenues by Segment

Product Commerce

$

7,425

$

505

$

7,930

$

7,334

1

%

8

%

Developing Offerings

1,431

43

1,474

1,190

20

%

24

%

Total net revenues

$

8,856

$

548

$

9,404

$

8,524

4

%

10

%

Gross Profit, Constant Currency and Gross Profit Growth, Constant Currency

  Three Months Ended June 30,

Year over Year Growth

2026

2025

(in millions)

As Reported

Exchange
Rate Effect

Constant
Currency
Basis

As Reported

As
Reported

Constant
Currency
Basis

Gross Profit by Segment

Product Commerce

$

2,268

$

154

$

2,422

$

2,390

(5

)%

1

%

Developing Offerings

226

(1

)

225

171

32

%

32

%

Gross profit

$

2,494

$

153

$

2,647

$

2,561

(3

)%

3

%

  Free Cash Flow

  Three Months Ended

June 30,

Trailing Twelve Months Ended June 30,

(in millions)

2026

2025

2026

2025

Net cash provided by operating activities

$

367

$

545

$

1,425

$

1,909

Adjustments:

Purchases of land and buildings

(133

)

(49

)

(334

)

(300

)

Purchases of equipment

(184

)

(250

)

(992

)

(832

)

Total purchases of property and equipment

(317

)

(299

)

(1,326

)

(1,132

)

Proceeds from sale of property and equipment

1

1

6

7

Total adjustments

$

(316

)

$

(298

)

$

(1,320

)

$

(1,125

)

Free cash flow

$

51

$

247

$

105

$

784

Net cash used in investing activities

$

(326

)

$

(299

)

$

(1,370

)

$

(1,036

)

Net cash (used in) provided by financing activities

$

(134

)

$

92

$

(141

)

$

119

  Adjusted EBITDA and Adjusted EBITDA Margin   Three Months Ended June 30,

Trailing Twelve Months Ended June 30,

(in millions)

2026

2025

2026

2025

Total net revenues

$

8,856

$

8,524

$

35,462

$

32,263

Net (loss) income attributable to Coupang stockholders

(570

)

32

(767

)

365

Net loss attributable to noncontrolling interests

—

(1

)

—

(25

)

Net (loss) income

(570

)

31

(767

)

340

Net (loss) income margin

(6.4

)%

0.4

%

(2.2

)%

1.1

%

Adjustments:

Depreciation and amortization

145

126

557

480

Interest expense

25

25

76

124

Interest income

(42

)

(51

)

(185

)

(208

)

Income tax expense

37

163

166

481

Other (income) expense, net

(6

)

(19

)

82

(13

)

Acquisition and restructuring-related losses, net

—

40

—

75

Certain administrative fines(1)

410

—

410

—

Fulfillment Center Fire insurance gain

—

—

—

(175

)

Equity-based compensation

164

113

533

470

Adjusted EBITDA

$

163

$

428

$

872

$

1,574

Adjusted EBITDA margin

1.8

%

5.0

%

2.5

%

4.9

%

  Adjusted Operating (Loss) Income

  Three Months Ended
June 30,

Six Months Ended
June 30,

(in millions)

2026

2025

2026

2025

Operating (loss) income

$

(556

)

$

149

$

(798

)

$

303

Adjustments:

Certain administrative fines(1)

410

—

410

—

Adjusted operating (loss) income

$

(146

)

$

149

$

(388

)

$

303

  Adjusted Net (Loss) Income Attributable to Coupang Stockholders

  Three Months Ended
June 30,

Six Months Ended
June 30,

(in millions)

2026

2025

2026

2025

Net (loss) income attributable to Coupang stockholders

$

(570

)

$

32

$

(836

)

$

139

Adjustments:

Certain administrative fines(1)

410

—

410

—

Adjusted net (loss) income attributable to Coupang stockholders

$

(160

)

$

32

$

(426

)

$

139

  Adjusted Diluted Earnings Per Share

  Three Months Ended
June 30,

Six Months Ended
June 30,

2026

2025

2026

2025

Diluted earnings per share

$

(0.32

)

$

0.02

$

(0.46

)

$

0.08

Adjustments:

Certain administrative fines(1)

0.23

—

0.23

—

Adjusted Diluted Earnings Per Share

$

(0.09

)

$

0.02

$

(0.24

)

$

0.08

For the quarter ended June 2026, Coupang, Inc. (CPNG - Free Report) reported revenue of $8.86 billion, up 3.9% over the same period last year. EPS came in at -$0.09, compared to $0.02 in the year-ago quarter.

The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $8.86 billion. With the consensus EPS estimate being -$0.26, the EPS surprise was +65.39%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Coupang performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Product Commerce Active Customers: 24.7 million versus the two-analyst average estimate of 24.64 million.Net Revenue- Developing Offerings: $1.43 billion compared to the $1.42 billion average estimate based on two analysts.Net Revenue- Product Commerce: $7.43 billion compared to the $7.44 billion average estimate based on two analysts.Adjusted EBITDA- Developing Offerings: $-219 million versus the two-analyst average estimate of $-253.11 million.Adjusted EBITDA- Product Commerce: $382 million versus $423.32 million estimated by two analysts on average.View all Key Company Metrics for Coupang here>>>

Shares of Coupang have returned -14.3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Coupang, Inc. (CPNG - Free Report) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +65.39%. A quarter ago, it was expected that this company would post a loss of $0.59 per share when it actually produced a loss of $0.15, delivering a surprise of +74.58%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Coupang, which belongs to the Zacks Internet - Commerce industry, posted revenues of $8.86 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $8.52 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Coupang shares have lost about 30.4% since the beginning of the year versus the S&P 500's gain of 11%.

What's Next for Coupang?While Coupang has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Coupang was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $9.77 billion in revenues for the coming quarter and -$0.33 on $37.27 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

eBay (EBAY - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.

This e-commerce company is expected to post quarterly earnings of $1.51 per share in its upcoming report, which represents a year-over-year change of +10.2%. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level.

eBay's revenues are expected to be $3.02 billion, up 10.5% from the year-ago quarter.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Coupang, Inc. (CPNG - Free Report) .

Coupang currently has an average brokerage recommendation (ABR) of 1.97, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.97 approximates between Strong Buy and Buy.

Of the 15 recommendations that derive the current ABR, eight are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 53.3% and 6.7% of all recommendations.

Brokerage Recommendation Trends for CPNG

Check price target & stock forecast for Coupang here>>>

While the ABR calls for buying Coupang, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.

Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Should You Invest in CPNG?In terms of earnings estimate revisions for Coupang, the Zacks Consensus Estimate for the current year has declined 33.8% over the past month to -$0.33.

Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Coupang. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, it could be wise to take the Buy-equivalent ABR for Coupang with a grain of salt.

[url="]Coupang, Inc.[/url] (NYSE: CPNG), a Seattle-based technology company that serves customers in 190 countries and territories, today announced its debut on

SEATTLE--(BUSINESS WIRE)--Coupang, Inc. (NYSE: CPNG), a Seattle-based technology company that serves customers in 190 countries and territories, today announced its debut on the 2026 Fortune Global 500™ list, the definitive ranking of the world's top corporations by revenue for the prior fiscal year. This marks the first time Coupang has been recognized on Fortune's global list, following its rise on the U.S. Fortune 500™ list, up ten spots to No. 132 this year. The dual ranking underscores the.

Coupang logo is seen in this illustration taken February 11, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesSeoul says Coupang dispute not delaying trade, investment or security discussions with U.S.Official says investment is biggest bilateral issue, believes additional U.S. tariffs under Section 301 possibleSouth Korea, U.S. preparing second round of uranium enrichment and ​reprocessing talksSEOUL, July 22 (Reuters) - A top South Korean presidential official ‌said on Wednesday that a dispute with U.S.-listed e-commerce firm Coupang was not delaying discussions with Washington on trade, investment or security, despite concerns the case had become a source of tension in the alliance.

National Security Adviser Wi Sung-lac said the Coupang matter involved ​a legally established data leak affecting more than 33 million records, rejecting the company's claim that the incident ​only involved about 3,000 records.

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"That fact has been established," Wi told a briefing. "Discussions should start ⁠from that point."

The dispute surrounding South Korea's investigation into a data leak at the Seattle-based Coupang has become ​a source of friction, with U.S. officials and business groups accusing Seoul of unfairly targeting the company.

Wi said a recent ​meeting involving South Korea's ambassador to the U.S. and senior government officials was convened to review a broad range of bilateral issues rather than the Coupang case alone.

"Coupang was discussed, of course," he said. "But we agreed to prepare response measures by looking at various ​issues comprehensively and collectively."

While there are "various pending issues" between South Korea and the United States, "there are no signs ​that security consultations are being delayed because of them," Wi said.

He said discussions on South Korea's $350 billion investment pledge in the United States ‌were ⁠continuing, although no immediate outcome had yet materialised.

Wi said investment remained the biggest single issue in the bilateral relationship.

On trade, Wi said South Korea believed Washington could impose additional tariffs under Section 301 of the U.S. Trade Act connected to forced labour.

"Our general understanding is that even if Section 301 measures are taken, they would not exceed the ​broader tariff rate being discussed ​between South Korea and ⁠the United States," he said.

Washington last year lowered its tariff on South Korean imports to 15% from a threatened 25% after Seoul pledged the $350 billion investment package and $100 billion of ​energy purchases.

Seoul was continuing consultations with U.S. officials and providing relevant data and ​explanations, Wi said.

South ⁠Korean Industry Minister Kim Jung-kwan headed to Washington on Wednesday for talks with senior U.S. officials on trade and investment cooperation, his ministry said.

Wi also said Seoul was closely watching a U.S.-Saudi nuclear energy pact because it could have indirect implications for ⁠South Korea.

There ​were no obstacles to ongoing security discussions with Washington, including consultations ​on uranium enrichment and spent-fuel reprocessing, he said, adding the sides held talks in June and were preparing a second round of meetings.

"If necessary, we ​are also prepared to go to the United States for discussions," he said.

Reporting by Kyu-seok Shim Editing by Ed Davies

Our Standards: The Thomson Reuters Trust Principles., opens new tab

By PYMNTS  |  July 20, 2026

 | 

South Korea’s decision to fine American-owned eCommerce firm Coupang is straining relations between the two countries, Reuters reported Friday (July 20).

South Korea said the fine was imposed over a data leak, but American lawmakers said the move raises questions about whether the country is treating U.S. companies fairly, according to the report.

The fine of 625 billion won (about $422 million) followed Coupang’s November 2025 data leak, per the report.

The dispute over the fine has become serious enough that South Korea’s ambassador to the U.S. returned to Seoul to discuss it with officials in President Lee Jae Myung’s administration, the report said.

The ambassador, Kang Kyung-wha, told local media, per the report: “The issue is dragging on much longer than I expected.”

A lawmaker who is a member of South Korea’s ruling Democratic Party, Park Sun-won, said in the report that the fine imposed on Coupang was for the data leak and that the fine “would be the same for any company.”

A U.S. State Department spokesperson said in the report that South Korea “should not impose disproportionate burdens on U.S. companies.”

Coupang told Reuters that the company hopes to find a constructive resolution.

It was reported in November 2025 that Coupang is considered the “Amazon of South Korea” and that the data breach exposed personal information of the company’s entire customer base. The exposed data was limited to customers’ names, email addresses, phone numbers, shipping addresses and some order histories.

In December 2025, it was reported that an investor class action lawsuit filed in California alleged that Coupang violated securities laws after the data breach by misleading investors about its data security practices and failing to disclose the breach in a timely manner.

Coupang announced in December 2025 that the perpetrator of the data breach, a former Coupang employees, retained data from only 3,000 accounts, did not transfer the data to others, and later deleted the data when news outlets began reporting the incident.

Days later, on Dec. 29, Coupang issued an apology from the company’s interim CEO and said it would begin offering vouchers worth up to 55,000 won ($38) to each of the 33.7 million customers affected by the cybersecurity incident.

In January, it was reported that two Coupang investors called on the U.S. government to investigate South Korea’s handling of the incident and said the U.S. could also impose trade remedies in response to what they said was discriminatory treatment of Coupang.

When South Korea’s Personal Information Protection Commission levied the roughly $412 million fine on Coupang in June, it was reported that the fine was the largest ever imposed for a privacy violation in South Korea.

South Korea's decision to fine e-commerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the country's openness to American tech, raising worries the matter is impacting ​Seoul's relations with the U.S.

Coupang, Inc. (CPNG - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this company have returned -1.6% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Internet - Commerce industry, to which Coupang belongs, has gained 4.8% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Coupang is expected to post a loss of $0.26 per share, indicating a change of -1400% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

The consensus earnings estimate of -$0.33 for the current fiscal year indicates a year-over-year change of -375%. This estimate has changed -94.1% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $0.4 indicates a change of +222% from what Coupang is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Coupang is rated Zacks Rank #4 (Sell).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Coupang, the consensus sales estimate for the current quarter of $8.86 billion indicates a year-over-year change of +4%. For the current and next fiscal years, $37.65 billion and $42.54 billion estimates indicate +9% and +13% changes, respectively.

Last Reported Results and Surprise HistoryCoupang reported revenues of $8.5 billion in the last reported quarter, representing a year-over-year change of +7.5%. EPS of -$0.15 for the same period compares with $0.06 a year ago.

Compared to the Zacks Consensus Estimate of $8.57 billion, the reported revenues represent a surprise of -0.72%. The EPS surprise was +74.58%.

Over the last four quarters, Coupang surpassed consensus EPS estimates two times. The company topped consensus revenue estimates two times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Coupang is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Coupang. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Let's take a look at what these Wall Street heavyweights have to say about Coupang, Inc. (CPNG - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

Coupang currently has an average brokerage recommendation (ABR) of 1.97, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.97 approximates between Strong Buy and Buy.

Of the 15 recommendations that derive the current ABR, eight are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 53.3% and 6.7% of all recommendations.

Brokerage Recommendation Trends for CPNG

Check price target & stock forecast for Coupang here>>>

The ABR suggests buying Coupang, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.

Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.

In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.

With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.

Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.

The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.

It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.

In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.

In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.

Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.

Is CPNG a Good Investment?In terms of earnings estimate revisions for Coupang, the Zacks Consensus Estimate for the current year has declined 94.1% over the past month to -$0.33.

Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.

The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Coupang. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Therefore, it could be wise to take the Buy-equivalent ABR for Coupang with a grain of salt.

In the latest trading session, Coupang, Inc. (CPNG - Free Report) closed at $19.00, marking a +2.54% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 1.09%, while the tech-heavy Nasdaq appreciated by 0.2%.

Coming into today, shares of the company had gained 16.47% in the past month. In that same time, the Retail-Wholesale sector gained 0.18%, while the S&P 500 gained 1.64%.

Analysts and investors alike will be keeping a close eye on the performance of Coupang, Inc. in its upcoming earnings disclosure. On that day, Coupang, Inc. is projected to report earnings of -$0.26 per share, which would represent a year-over-year decline of 1400%. Alongside, our most recent consensus estimate is anticipating revenue of $8.86 billion, indicating a 3.97% upward movement from the same quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.33 per share and a revenue of $37.65 billion, signifying shifts of -375% and +9.01%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Coupang, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 94.12% fall in the Zacks Consensus EPS estimate. Coupang, Inc. presently features a Zacks Rank of #4 (Sell).

The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 181, which puts it in the bottom 27% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

The South Korean government has used its regulatory authority to discriminate against U.S. companies and has waged an unprecedented campaign against online retailer Coupang, according to a House Judiciary Committee report released Wednesday.

The report is the result of an investigation opened by the committee in February. It highlights the treatment of Coupang, which is based in the U.S. but is known as the "Amazon of Asia," and other U.S. companies going back decades.

"South Korea's conduct is part of a broader attempt by foreign governments to weaponize their laws and regulations in an effort to harm American companies and limit their ability to compete in the global economy," the committee, which is chaired by Rep. Jim Jordan, R-Ohio, reported.

The South Korean embassy did not immediately respond to a request for comment on Wednesday.

The committee said in the report that Coupang has been the target of discriminatory pressure from the South Korean government that intensified in 2025 after a data breach perpetrated by a disgruntled former employee.

The company apologized for the breach and its CEO, Park Dae-jun, resigned as a result of the incident.

But according to testimony given to the committee by Coupang's acting CEO Harold Rogers — who took over in December after Park resigned — South Korean officials were informed by the company that same month that the scale of the breach was smaller than initially expected and "that the leak was limited in nature," according to the House Judiciary report. 

Despite that information, the committee found that the South Korean government launched a campaign against Coupang that included dozens of investigations, thousands of document requests, excessive fines and threats of criminal charges against Rogers, who is a U.S. citizen.

According to the committee, the South Korean National Intelligence Service compelled Coupang to send divers on a covert mission to retrieve a laptop used by the disgruntled former employee and that had been discarded in a river in Shanghai, then lied to the public about its involvement in the recovery operation.

"We regret the circumstances that led to the House Judiciary Committee's investigation and we remain committed to finding a constructive resolution so Coupang can once again serve as a bridge to strengthen the U.S.-Korea alliance, accelerating trade and investment that benefits both countries," the company said in a statement.

The result of South Korea's campaign against Coupang has been a more than 40% drop in Coupang's market capitalization, according to the committee, and could have a negative effect on its investors.

"South Korean regulators have consistently targeted Coupang and subjected the company to hostile regulatory treatment, unfair enforcement practices, and disproportionately large penalties not faced by their Korean competitors," the Judiciary report states.

The U.S. and South Korea have had a free trade agreement since 2012. South Korea has been a crucial trade partner for the U.S. in Asia, according to Demetrios Marantis, former acting U.S. trade representative under President Barack Obama, told CNBC.

But the relationship has at times been strained, and other digital companies based in the U.S. — like Google and Netflix — have also at times struggled with South Korean regulators, according to Marantis.

"Korea has had a long history of discriminating against foreign companies, just generally, and being protectionist, and a little bit inward looking," he said. "But the situation with Coupang — I have never seen anything this intense. This much of a whole-of-government assault on one company."

The U.S.-South Korea trade deal was renegotiated in 2025 as part of President Donald Trump's sweeping global tariffs. South Korea negotiated a lower tariff rate with Trump in exchange for investments in U.S. shipbuilding and national security, as well as regulatory rollbacks for American companies. 

In its report, the House Judiciary Committee argued South Korea's actions against Coupang violate the deal.

"South Korea's discriminatory treatment of American-owned businesses directly violates its recent trade agreement with the United States," the report states.

Coupang, Inc. (CPNG - Free Report) closed at $17.06 in the latest trading session, marking a -3.94% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq lost 0.46%.

The stock of company has risen by 7.9% in the past month, leading the Retail-Wholesale sector's loss of 5.64% and the S&P 500's loss of 1.4%.

Market participants will be closely following the financial results of Coupang, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.14, showcasing a 800% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $8.93 billion, up 4.8% from the prior-year quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.17 per share and a revenue of $37.75 billion, representing changes of -241.67% and +9.31%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Coupang, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Coupang, Inc. boasts a Zacks Rank of #3 (Hold).

The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 104, placing it within the top 43% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

In the latest trading session, Coupang, Inc. (CPNG - Free Report) closed at $17.76, marking a +1.43% move from the previous day. This change outpaced the S&P 500's 0.1% loss on the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.

The company's shares have seen an increase of 13.19% over the last month, surpassing the Retail-Wholesale sector's loss of 6.49% and the S&P 500's loss of 1.34%.

Analysts and investors alike will be keeping a close eye on the performance of Coupang, Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.14, reflecting a 800% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.93 billion, indicating a 4.8% increase compared to the same quarter of the previous year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.17 per share and revenue of $37.75 billion, indicating changes of -241.67% and +9.31%, respectively, compared to the previous year.

Investors might also notice recent changes to analyst estimates for Coupang, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Coupang, Inc. is holding a Zacks Rank of #3 (Hold) right now.

The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 110, finds itself in the top 46% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

The 2026 stock market continues to be shaped by several key investing themes, including artificial intelligence (AI), space, semiconductor chips, the data center build-out, and the ancillary companies that support these industries. In this excitement, many region-dominating, consumer-facing stocks have gotten left behind by the market -- and I think that's a once-in-a-decade opportunity for investors.

Here are five niche-leading growth stocks to consider buying on the dip as the market turns its attention elsewhere.

Image source: The Motley Fool.

1. MercadoLibre: 37% below 52-week high Latin American e-commerce and fintech behemoth MercadoLibre (MELI 0.10%) is a 59-bagger since its 2007 initial public offering and has become a key component of the region's economy. MercadoLibre is now home to 84 million active buyers and 82 million fintech users and continues to experience incredible growth rates, with its sales rising 49% in its latest quarter.

However, as the company spends heavily on its logistics network to offer features like a lower free shipping threshold in Brazil and continues to grow its loan portfolio faster than its overall revenue, its margins have dipped this year, prompting the stock's pullback.

Today's Change

(

-0.10

%) $

-1.58

Current Price

$

1587.87

Now trading at a reasonable 43 times earnings -- considering its blistering sales growth rates, expansion into new geographies, and budding growth optionality through its new adjacent products -- MercadoLibre might be my favorite stock to add to right now.

2. Coupang: 46% below 52-week high It has been a brutal year for South Korean e-commerce juggernaut Coupang (CPNG +1.16%) following its data leak from November 2025 that affected over 33 million customers. This leak led to a $409 million fine by South Korean regulators and prompted U.S.-based Coupang to spend $1.2 billion on a voucher program to make amends with its customers. This has weighed heavily on the company's recent results.

Today's Change

(

1.16

%) $

0.20

Current Price

$

17.51

That said, I think the worst is finally behind the company. Management noted that it has recouped 80% of the memberships it lost during the fiasco, and has been buying shares back hand over fist while its price remains discounted.

Currently trading at about 0.9 times sales -- near its lowest-ever mark -- Coupang looks like a reasonably priced buy as it expands further into Taiwan and Japan while building out a larger ecosystem of offerings for its members.

3. Sea Limited: 54% below 52-week high Southeast Asian e-commerce and fintech company Sea Limited (SE +3.09%) also dominates its region, much like MercadoLibre and Coupang. However, its shares have traded down sharply over the past year. The company's margins dipped while it defended its territory through seller incentives and various promotions.

While this is a reasonable reaction from the market, I think it has been overdone -- especially as Sea grew sales by 47% in its latest quarter. Best yet, Sea's VIP membership grew by 40% to over 10 million customers, and Brazil remained the fastest-growing market for Shopee (Sea's e-commerce unit).

Today's Change

(

3.09

%) $

2.75

Current Price

$

91.79

Interested investors will want to keep a close eye on loan performance in the fintech unit. But for now, things look fine, and the growth looks incredible, with Monee loan principal outstanding soaring 71%.

Trading at just 23 times forward earnings, while guiding for sales growth of 25% in 2026, Sea remains an intriguing growth stock, provided its profitability doesn't turn negative.

4. Grab Holdings: 46% below 52-week high Singapore-based mobility, delivery, and fintech "super app" Grab Holdings (GRAB 0.86%) has quickly become the leading power in Southeast Asia. In its last quarter, Grab grew sales by 24% and users by 16%, bringing its total to nearly 52 million.

However, despite its steady 20%-plus growth over the past year, Grab's stock has plummeted amid market concerns about its minimal profitability. These concerns are perfectly valid -- at some point, we want to see some tangible profits -- but I think it is far too early to worry about profitability, considering the number of irons that Grab has in the fire.

With taxis, rental cars, motorcycles, food and grocery delivery, package delivery, and even a suite of fintech products sold across eight countries in Southeast Asia, Grab isn't a simple operation, and it may take time for profitability to fully bloom. However, this complexity should prove to be a feature, not a bug, for investors looking at the long haul, as peers won't easily replicate it.

Trading at 38 times forward earnings (despite minimal profitability so far), Grab could quickly outgrow its reasonable valuation as it continues expanding.

Image source: The Motley Fool.

5. Uber: 28% below 52-week high Shares of the world's leading ride-hailing app, Uber Technologies (UBER 2.35%), remain more volatile than the stock's impressive underlying operations might suggest. Facing mounting worries from a growing list of competitors offering autonomous ridesharing vehicles, Uber's stock has slid over the last year. However, I think it is short-sighted to say this is catching Uber by surprise.

In fact, Uber already has numerous autonomous vehicle (AV) partnerships in place, and could theoretically become a more profitable company as it relies on fewer human drivers. Furthermore, I think Uber is well-positioned to become the "aggregator" of choice for autonomous vehicle makers, which will likely find access to the company's 200 million monthly active customers a natural fit to partner with.

Trading at just 15 times free cash flow, despite growing sales by 10% in its latest quarter, Uber is being priced as though AVs will only hurt the company's business, rather than providing the tailwind I think they could become.

Discover why the latest sell‑offs in MercadoLibre (MELI 1.25%) and Coupang (CPNG 2.49%) could set up compelling long‑term opportunities, despite credit, regulatory, and reinvestment risks. Watch the video below to see how patient investors might benefit.

*This video was published on Jun. 12, 2026.

Danny Vena, CPA has positions in Coupang and MercadoLibre. Karl Thiel has positions in MercadoLibre. Rick Munarriz has positions in MercadoLibre. The Motley Fool has positions in and recommends MercadoLibre. The Motley Fool recommends Coupang. The Motley Fool has a disclosure policy.

Today's Change

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-2.29

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-0.40

Current Price

$

16.86

Coupang (CPNG 2.29%), an e-commerce platform in South Korea and internationally, closed Wednesday at $17.91, down 13.70%. Shares fell after Q1 results showed an 8% revenue increase but a sharp swing into net losses stemming from the costs of last year’s data breach. Trading volume reached 79.9 million shares, about 238% above its three-month average of 23.6 million shares. Coupang IPO'd in 2021 and has fallen 64% since going public.

How the markets moved todayThe S&P 500 rose 1.48% to 7,366, while the Nasdaq Composite gained 2.02% to finish Wednesday at 25,839. In internet retail, industry peers Alibaba Group closed at $141.44, up 6.94%, and JD.com finished at $30.69, rising 3.40% as investors weighed competitive dynamics.

What this means for investorsCoupang’s Q1 results fell well short of analysts’ expectations as the company navigated its 2025 data breach and began showing the financial costs of the $1.2 billion voucher program it put in place for customers. While this remediation will weigh on Coupang’s results through 2026, management noted that 80% of the WOW memberships lost due to the breach had returned by April, suggesting it continues to successfully recover from the fiasco.

Additionally, the company’s growth segment (Developing Offerings) grew sales by 25% as its expansion in Taiwan continued to deliver hyperscale growth. Management also noted that its food delivery service (Eats) and its nascent Japanese operations (Rocket Now) also continued to scale well. Trading at just 0.96 times sales, Coupang remains a promising turnaround stock (and holding) for me.

Josh Kohn-Lindquist has positions in Coupang. The Motley Fool recommends Alibaba Group, Coupang, and JD.com. The Motley Fool has a disclosure policy.

CHARLESTON, W. Va.--(BUSINESS WIRE)--WV-based business reaches millions of new customers overseas with Coupang.