Coincheck (CNCK) Operating Margin (2023 - 2026)
Coincheck's (CNCK) quarterly Operating Margin came in at 1.21% in Q2 2026, down 17.0% year-over-year from 1.45% in Q2 2025, and down 3.57% quarter-over-quarter from 1.16% in Q1 2026.
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Coincheck (CNCK) Operating Margin (2023 - 2026) Analysis & Trends
Coincheck (CNCK) has reported Operating Margin for 4 consecutive years, with 1.21% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 17.0% year-over-year to 1.21% in Q2 2026; TTM through Jun 2026 was 0.35%, a 28.0% increase from a year earlier, with the FY2026 full-year figure at 0.3%, down 4.0% from the prior year.
- Operating Margin was 1.21% for Q2 2026 at Coincheck, down from 1.16% in the prior quarter.
- Over five years, Operating Margin peaked at 2.37% in Q1 2024 and troughed at 1.33% in Q4 2024.
- A 4-year average of 0.01% and a median of 0.03% in 2024 frame the typical range for Operating Margin.
- The widest YoY moves for Operating Margin: up 156 bps in 2025, down 239 bps in 2025.
- Over 4 years, Operating Margin stood at 1.01% in 2023, then tumbled by 231 bps to 1.33% in 2024, then jumped by 117 bps to 0.23% in 2025, then sank by 622 bps to 1.21% in 2026.
- The last three Operating Margin figures came in at 1.21% (Q2 2026), 1.16% (Q1 2026), and 0.23% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 51.24 Bn | 42.45 Bn | 1.16 Bn | -9.30% |
| 2 | Bullish | 5.78 Bn | 5.72 Bn | 15.53 Mn | 0.22% |
| 3 | Cypherpunk Technologies | 663.58 Mn | 663.58 Mn | - | - |
| 4 | Canton Strategic Holdings | 498.79 Mn | 498.79 Mn | - | -80.37% |
| 5 | Bakkt | 387.06 Mn | 336.37 Mn | 2.21 Mn | -11.53% |
| 6 | Coincheck | 264.39 Mn | 162.79 Mn | 11.20 Mn | -1.21% |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 8 | Exodus Movement | 205.10 Mn | -149.98 Mn | - | - |
| 9 | Usbc | 197.95 Mn | 194.29 Mn | - | - |
| 10 | TON Strategy | 191.64 Mn | 191.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.21% |
| Mar 31, 2026 | -1.16% |
| Dec 31, 2025 | 0.23% |
| Sep 30, 2025 | 0.39% |
| Jun 30, 2025 | -1.04% |
| Mar 31, 2025 | -0.01% |
| Dec 31, 2024 | -1.33% |
| Sep 30, 2024 | 0.03% |
| Jun 30, 2024 | 0.86% |
| Mar 31, 2024 | 2.37% |
| Dec 31, 2023 | 1.01% |