Coinbase Global (COIN) EBITDA Margin (2020 - 2026)
Coinbase Global (COIN) reported EBITDA Margin of 1.52% for Q1 2026, down 3621.0% year-over-year from 0.04% in Q1 2025, and down 109.86% on a QoQ basis from 15.37% in Q4 2025.
Coinbase Global (COIN) has 7 years of EBITDA Margin data on file, last reported at 1.52% in Q1 2026.
- Quarterly EBITDA Margin fell 3621.0% year-over-year to 1.52% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 10.8% (down 2156.0% YoY) and the FY2025 annual result came in at 19.99%, down 1516.0% from the prior year.
- EBITDA Margin declined to 1.52% in Q1 2026 per COIN's latest filing, from 15.37% in the prior quarter.
- Across five years, EBITDA Margin topped out at 645.88% in Q4 2023 and bottomed at 129.2% in Q2 2022.
- The 5-year median for EBITDA Margin is 1.52% (2026), against an average of 26.51%.
- The widest annual swing landed in 2023, when EBITDA Margin jumped 73408 bps; it then slumped 60036 bps in 2024.
- Tracing COIN's EBITDA Margin over 5 years: stood at 88.2% in 2022, then soared by 832 bps to 645.88% in 2023, then sank by 93 bps to 45.52% in 2024, then tumbled by 66 bps to 15.37% in 2025, then sank by 110 bps to 1.52% in 2026.
- Per Business Quant, the three latest COIN EBITDA Margin figures stand at 1.52% (Q1 2026), 15.37% (Q4 2025), and 25.71% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 48.74% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 71.11% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 55.93% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 44.35% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 30.74% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -1.52% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 54.40% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 40.55% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 19.65% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 30.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 54.84% |
| Dec 31, 2020 | 38.73% |
| Sep 30, 2020 | 32.19% |
| Jun 30, 2020 | 22.58% |
| Mar 31, 2020 | 20.34% |