Earnings per Share

3 Months Ended

Mar. 31, 2024

Basic earnings per share is computed by dividing net income attributable to Coupang stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to Coupang stockholders by the weighted-average number of shares of common stock and potentially dilutive common stock outstanding during the period.

We have two classes of common stock outstanding, Class A common stock and Class B common stock (collectively “common stock”), with equal rights to dividends and income. Earnings per share attributable to Coupang stockholders are therefore the same for Class A and Class B common stock, both on an individual and combined basis.

The following table presents the calculation of basic and diluted earnings per share attributable to Coupang stockholders:


	Three Months Ended March 31,
(in millions, except per share amounts)	2024		2023
Numerator:
Net income attributable to Coupang stockholders	$	5	$	91



Denominator:
Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders:
Basic	1,794		1,775
Dilutive effect of equity compensation awards	21		20
Diluted	1,815		1,794

Earnings per share:
Basic	$	—	$	0.05
Diluted	$	—	$	0.05

Anti-dilutive shares	2		6

Note: Amounts may not foot due to rounding.