Coinbase Global (COIN) EBITDA Margin (2020 - 2026)

Coinbase Global's (COIN) quarterly EBITDA Margin came in at 1.52% in Q1 2026, down 3621.0% year-on-year from 0.04% in Q1 2025, and down 109.86% on a QoQ basis from 15.37% in Q4 2025.

Coinbase Global (COIN) EBITDA Margin (2020 - 2026) Analysis & Trends

Coinbase Global (COIN) has 7 years of EBITDA Margin data on file, last reported at 1.52% in Q1 2026.

  • On a quarterly basis, EBITDA Margin fell 3621.0% year-over-year to 1.52% in Q1 2026; TTM through Mar 2026 was 10.8%, a 2156.0% decrease from a year earlier, with the FY2025 full-year figure at 19.99%, down 1516.0% from the prior year.
  • EBITDA Margin for Q1 2026 stood at 1.52%, down from 15.37% in the prior quarter.
  • Over the last five years, EBITDA Margin for COIN reached as high as 645.88% in Q4 2023 and fell as low as 129.2% in Q2 2022.
  • Historically, EBITDA Margin has averaged 26.51% across 5 years, with a median of 1.52% in 2026.
  • Across the five-year window, EBITDA Margin jumped 73408 bps in 2023 and slumped 60036 bps in 2024, its largest moves.
  • Year by year, EBITDA Margin stood at 88.2% in 2022, then surged by 832 bps to 645.88% in 2023, then plunged by 93 bps to 45.52% in 2024, then slumped by 66 bps to 15.37% in 2025, then plunged by 110 bps to 1.52% in 2026.
  • Per Business Quant data, the three most recent EBITDA Margin figures were 1.52% in Q1 2026, 15.37% in Q4 2025, and 25.71% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Bit Origin 1,110.84 Bn 1,110.84 Bn - -
2 S&P Global 130.72 Bn 128.91 Bn 2.94 Bn 48.00%
3 Cme 92.16 Bn 92.16 Bn 1.65 Bn 64.89%
4 Moodys 84.72 Bn 83.22 Bn 1.67 Bn 47.87%
5 Intercontinental Exchange 84.12 Bn 82.38 Bn - 55.93%
6 Nasdaq 53.10 Bn 52.38 Bn 1.50 Bn 28.12%
7 Coinbase Global 44.25 Bn 33.81 Bn 1.33 Bn -1.52%
8 Msci 41.65 Bn 41.29 Bn 717.10 Mn 56.23%
9 Cboe Global Markets 30.13 Bn 27.96 Bn 728.90 Mn 39.72%
10 TransUnion 14.77 Bn 14.04 Bn 726.20 Mn 19.65%

Historic Data

Download Data
DateValue
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 645.88%
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%
Jun 30, 2021 39.26%