Earnings per Share

9 Months Ended

Sep. 30, 2025

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 September 30,				Nine Months Ended September 30,
(in millions, except per share amounts)	2025		2024		2025		2024
Numerator:
Net income (loss) attributable to Coupang stockholders	$	95	$	70	$	234	$	(2)

Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B common stockholders:
Basic	1,823		1,795		1,816		1,792
Dilutive effect of equity compensation awards	41		34		37		—
Diluted	1,864		1,829		1,853		1,792

Earnings per share:
Basic	$	0.05	$	0.04	$	0.13	$	—
Diluted	$	0.05	$	0.04	$	0.13	$	—

Anti-dilutive shares	—		—		—		30

Note: Amounts may not foot due to rounding.