Coupang, Inc. Earnings Per Share Disclosure
(in millions, except per share amounts) | 2025 | 2024 | 2023 | ||||||||||||||
| Numerator | |||||||||||||||||
| Net income attributable to Coupang stockholders | $ | 208 | $ | 154 | $ | 1,360 | |||||||||||
| Denominator | |||||||||||||||||
| Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders: | |||||||||||||||||
| Basic | 1,818 | 1,794 | 1,782 | ||||||||||||||
| Dilutive effect of equity compensation awards | 37 | 32 | 21 | ||||||||||||||
| Diluted | 1,855 | 1,826 | 1,803 | ||||||||||||||
| Earnings per share: | |||||||||||||||||
| Basic | $ | 0.11 | $ | 0.09 | $ | 0.76 | |||||||||||
| Diluted | $ | 0.11 | $ | 0.08 | $ | 0.75 | |||||||||||
Anti-dilutive shares | — | 1 | 3 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 28, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.