Coinbase Global (COIN) EBIT Margin (2020 - 2026)
Coinbase Global (COIN) reported EBIT Margin of -9.30% for Q2 2026, down 7.66 percentage points from -1.65% a year earlier and down 7.79 percentage points from the prior quarter.
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Analysis
Coinbase Global (COIN) EBIT Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Coinbase Global's EBIT Margin came in at 9.86%, down 17.03 percentage points year-over-year; for FY2025, it came in at 19.99%, down 15.16 percentage points from FY2024.
- EBIT Margin has a five-year change of -12.02 percentage points (FY2020 to FY2025).
- By year, EBIT Margin came in at 35.15% in FY2024 (+40.35 pp), -5.20% in FY2023 (+79.65 pp), -84.85% in FY2022 (-124.09 pp) and 39.24% in FY2021 (+7.23 pp).
- The Q2 2026 figure ranks as the lowest quarterly EBIT Margin since Q3 2023.
- Year over year, EBIT Margin has now declined in each of the last three quarters, with an average year-over-year change of -5.02 percentage points over the last eight quarters.
- The high point for year-over-year EBIT Margin in five years was Q2 2023 (a gain of 118.81 percentage points); the low point was Q2 2022 (a drop of 168.47 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -1.52% (Q1 2026), 15.37% (Q4 2025) and 25.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.12 Bn | 6.93 Bn | - | -9.30% |
| 2 | PayPal Holdings | 46.45 Bn | 4.68 Bn | - | 16.44% |
| 3 | Block | 44.49 Bn | 15.75 Bn | 3.17 Bn | 6.75% |
| 4 | Iren | 31.49 Bn | 19.08 Bn | 103.89 Mn | -452.09% |
| 5 | Corpay | 25.78 Bn | 15.98 Bn | - | 35.28% |
| 6 | Fiserv | 24.12 Bn | 20.82 Bn | 2.90 Bn | 19.18% |
| 7 | Global Payments | 22.15 Bn | 588.57 Mn | 2.03 Bn | 10.15% |
| 8 | Bitmine Immersion Technologies | 15.50 Bn | 12.88 Bn | 40.81 Mn | -25.50% |
| 9 | Guidewire Software | 11.68 Bn | 8.25 Bn | 269.68 Mn | 15.16% |
| 10 | Hut 8 | 11.44 Bn | 11.28 Bn | 48.04 Mn | -275.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -9.30% |
| Mar 31, 2026 | -1.52% |
| Dec 31, 2025 | 15.37% |
| Sep 30, 2025 | 25.71% |
| Jun 30, 2025 | -1.65% |
| Mar 31, 2025 | 34.70% |
| Dec 31, 2024 | 45.52% |
| Sep 30, 2024 | 14.07% |
| Jun 30, 2024 | 23.67% |
| Mar 31, 2024 | 46.44% |
| Dec 31, 2023 | 12.12% |
| Sep 30, 2023 | -11.84% |
| Jun 30, 2023 | -10.39% |
| Mar 31, 2023 | -16.03% |
| Dec 31, 2022 | -88.20% |
| Sep 30, 2022 | -94.27% |
| Jun 30, 2022 | -129.20% |
| Mar 31, 2022 | -47.53% |
| Dec 31, 2021 | 36.92% |
| Sep 30, 2021 | 22.24% |
API Access
Coinbase Global EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "COIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();