Coinbase Global (COIN) EBITDA Margin (2020 - 2026)
Coinbase Global (COIN) recorded EBITDA Margin of -5.44% in Q2 2026, down 6.11 percentage points from 0.66% a year earlier and down 8.74 percentage points from the prior quarter.
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Analysis
Coinbase Global (COIN) EBITDA Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Coinbase Global's EBITDA Margin came in at 13.62% as of Jun 30, 2026, down 15.15 percentage points year-over-year; for FY2025, it came in at 22.61%, down 14.48 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of -11.82 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 37.09% in FY2024 (+37.80 pp), -0.71% in FY2023 (+79.32 pp), -80.02% in FY2022 (-120.08 pp) and 40.06% in FY2021 (+5.62 pp).
- The Q2 2026 figure is the lowest quarterly EBITDA Margin since Q3 2023.
- On a year-over-year basis, EBITDA Margin has declined for three consecutive quarters, with an average year-over-year change of -4.60 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 118.84 percentage points in Q2 2023, against a drop of 163.83 percentage points in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.30% (Q1 2026), 19.36% (Q4 2025) and 28.39% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | -5.44% |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 19.27% |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 8.19% |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | -370.41% |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 44.11% |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | 35.37% |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | 37.59% |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | -24.67% |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 19.18% |
| 10 | Hut 8 | 10.61 Bn | 10.45 Bn | 48.04 Mn | -222.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.44% |
| Mar 31, 2026 | 3.30% |
| Dec 31, 2025 | 19.36% |
| Sep 30, 2025 | 28.39% |
| Jun 30, 2025 | 0.66% |
| Mar 31, 2025 | 36.33% |
| Dec 31, 2024 | 46.97% |
| Sep 30, 2024 | 16.61% |
| Jun 30, 2024 | 26.05% |
| Mar 31, 2024 | 48.23% |
| Dec 31, 2023 | 15.21% |
| Sep 30, 2023 | -7.10% |
| Jun 30, 2023 | -5.17% |
| Mar 31, 2023 | -10.70% |
| Dec 31, 2022 | -81.79% |
| Sep 30, 2022 | -87.47% |
| Jun 30, 2022 | -124.00% |
| Mar 31, 2022 | -44.83% |
| Dec 31, 2021 | 37.84% |
| Sep 30, 2021 | 23.55% |
API Access
Coinbase Global EBITDA 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=ebitda-margin&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-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=ebitda-margin&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();