Coupang vs Vipshop: revenue, profit, margins and growth compared
Coupang brought in $34.5B of revenue in fiscal 2025, Vipshop $15.1B in fiscal 2025. Revenue changed by +14.1% at Coupang and +2.0% at Vipshop on the year before, so Coupang grew faster. Coupang kept 0.6% of its revenue as net profit, Vipshop 6.8%. Free cash flow was $522M at Coupang and $782M at Vipshop.
Fiscal years as each company reports them; the two may end in different months.
Questions about Coupang and Vipshop
Which is bigger by revenue, Coupang or Vipshop?
Coupang is bigger by revenue: $34.5B in fiscal 2025, against $15.1B for Vipshop in fiscal 2025.
Which keeps more of its revenue as profit, Coupang or Vipshop?
Coupang had a net margin of 0.6% in fiscal 2025; Vipshop had 6.8% in fiscal 2025.
Which grew revenue faster, Coupang or Vipshop?
In their latest fiscal years revenue changed by +14.1% at Coupang and +2.0% at Vipshop.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.