Coinbase Global (COIN) Cost of Revenue (2020 - 2026)
Coinbase Global (COIN) posted quarterly Cost of Revenue of $59.7 million for Q2 2026, down 33.69% year-over-year from $90.0 million in Q2 2025, and down 28.86% quarter-over-quarter from $83.9 million in Q1 2026.
Coinbase Global (COIN) Cost of Revenue (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Cost of Revenue for 4 consecutive years, with $59.7 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Cost of Revenue fell 33.69% year-over-year to $59.7 million; the TTM figure through Jun 2026 stood at $338.6 million (down 6.29% YoY), while the FY2025 annual figure was $402.6 million, up 62.92% from the prior year.
- Cost of Revenue slipped to $59.7 million in Q2 2026 per COIN's latest filing, from $83.9 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $105.0 million in Q1 2025 and bottomed at $59.7 million in Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 1.17 Bn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 59.90 Mn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | - |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 518.00 Mn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 1.03 Bn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 59.69 Mn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 149.90 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | 711.20 Mn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 544.60 Mn |
| 10 | Factset Research Systems | 10.82 Bn | 10.52 Bn | 310.73 Mn | 312.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.69 Mn |
| Jun 30, 2026 | 59.69 Mn |
| Mar 31, 2026 | 83.91 Mn |
| Mar 31, 2026 | 83.91 Mn |
| Mar 31, 2025 | 104.97 Mn |
| Mar 31, 2025 | 104.97 Mn |
| Mar 31, 2021 | 155.89 Mn |
| Mar 31, 2021 | 155.89 Mn |
| Mar 31, 2020 | 10.43 Mn |
| Mar 31, 2020 | 10.43 Mn |