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
DateValue
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%