Coincheck (CNCKW) Operating Margin (2023 - 2026)
Coincheck (CNCKW) posted quarterly Operating Margin of 1.17% for Q1 2026, down 116.0% YoY from 7.32% in Q1 2025, and down 607.26% sequentially from 0.23% in Q4 2025.
Coincheck (CNCKW) Operating Margin (2023 - 2026) Analysis & Trends
Coincheck has disclosed Operating Margin across 4 years of filings, most recently posting 1.17% for Q1 2026.
- In Q1 2026, Operating Margin fell 116.0% year-over-year to 1.17%; the TTM figure through Mar 2026 stood at 0.3% (down 5.0% YoY), while the FY2026 annual figure was 0.3%, down 4.0% from the prior year.
- Operating Margin declined to 1.17% in Q1 2026, from 0.23% in the prior quarter.
- Over the last five years, Operating Margin for CNCKW reached as high as 2.37% in Q1 2024 and fell as low as 1.33% in Q4 2024.
- The 4-year median for Operating Margin is 0.13% (2024), against an average of 0.13%.
- The widest YoY moves for Operating Margin: up 156 bps in 2025, down 239 bps in 2025.
- A 4-year view of Operating Margin shows it stood at 1.01% in 2023, then plunged by 231 bps to 1.33% in 2024, then surged by 117 bps to 0.23% in 2025, then sank by 607 bps to 1.17% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 1.17%, 0.23%, and 0.39% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating 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 | 149.71% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 28.49% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 46.50% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 108.11% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -161.28% |
| 10 | Coincheck | - | - | 12.80 | -1.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |