Earnings per Share

9 Months Ended

Sep. 30, 2024

Basic earnings per share is computed by dividing net (loss) 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 (loss) 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 September 30,				Nine Months Ended September 30,
(in millions, except per share amounts)	2024		2023		2024		2023
Numerator:
Net income attributable to Coupang stockholders	$	70	$	91	$	(2)	$	327

Denominator:
Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders:
Basic	1,795		1,784		1,792		1,780
Dilutive effect of equity compensation awards	34		24		—		21
Diluted	1,829		1,808		1,792		1,801

Earnings per share:
Basic	$	0.04	$	0.05	$	—	$	0.18
Diluted	$	0.04	$	0.05	$	—	$	0.18

Anti-dilutive shares	—		2		30		4

Note: Amounts may not foot due to rounding.