It is essential to develop electromagnetic (EM) wave-absorbing materials with exceptional versatility to address a variety of applications, including anti-radar stealth, EM radiation protection, and EM interference shielding. EM wave absorption coatings, mainly composed of matrices and EM absorbers, have excellent practical performance. Researchers have been developing advanced EM absorption coating with properties like thin, light, broadband, and anti-aging. This review summarizes the recent progress in EM absorption coatings, including the design principles, feedstocks, manufacturing techniques, performance evaluation methods, and applications. Finally, the current challenges and future research directions are discussed.