Coincheck (CNCK) Gross Margin (2023 - 2026)
Coincheck (CNCK) posted quarterly Gross Margin of 1.71% for Q1 2026, down 131.0% YoY from 5.52% in Q1 2025, and down 17.64% sequentially from 2.08% in Q4 2025.
Coincheck (CNCK) Gross Margin (2023 - 2026) Analysis & Trends
Coincheck has disclosed Gross Margin across 4 years of filings, most recently posting 1.71% for Q1 2026.
- In Q1 2026, Gross Margin fell 131.0% year-over-year to 1.71%; the TTM figure through Mar 2026 stood at 2.16% (down 131.0% YoY), while the FY2026 annual figure was 103464345702335.23%, down 1.0346434570233874e+16% from the prior year.
- Gross Margin declined to 1.71% in Q1 2026, from 2.08% in the prior quarter.
- Over the last five years, Gross Margin for CNCK reached as high as 4.35% in Q1 2024 and fell as low as 1.71% in Q1 2026.
- The 4-year median for Gross Margin is 2.94% (2025), against an average of 3.06%.
- Annual changes were most pronounced in 2024 — Gross Margin grew 27 bps — and 2025, when it sank 180 bps.
- A 4-year view of Gross Margin shows it stood at 3.6% in 2023, then increased by 7 bps to 3.87% in 2024, then slumped by 46 bps to 2.08% in 2025, then slipped by 18 bps to 1.71% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 1.71%, 2.08%, and 2.27% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 89.97% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 84.10% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 99.97% |
| 10 | Coincheck | 288.79 Mn | 288.79 Mn | 12.80 | 1.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.71% |
| Dec 31, 2025 | 2.08% |
| Sep 30, 2025 | 2.27% |
| Jun 30, 2025 | 2.71% |
| Mar 31, 2025 | 3.02% |
| Dec 31, 2024 | 3.87% |
| Sep 30, 2024 | 2.86% |
| Jun 30, 2024 | 4.13% |
| Mar 31, 2024 | 4.35% |
| Dec 31, 2023 | 3.60% |