Coinbase Global (COIN) EBITDA Margin (2020 - 2026)
Coinbase Global (COIN) recorded EBITDA Margin of 8.45% in Q3 2026, down 19.25 percentage points from 27.70% a year earlier but up 13.89 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 7.60% as of Sep 30, 2026, down 22.82 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 (-120.15 pp) and 40.12% in FY2021 (+5.68 pp).
- Quarterly EBITDA Margin has ranged from -124.00% in Q2 2022 to 48.23% in Q1 2024 over the past five years.
- On a year-over-year basis, EBITDA Margin has declined for four consecutive quarters, with an average year-over-year change of -10.05 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 -5.44% (Q2 2026), 3.30% (Q1 2026) and 19.36% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.73 Bn | 23.47 Bn | 3.24 Bn | 3.39% |
| 2 | PayPal Holdings | 49.20 Bn | 7.90 Bn | - | 19.26% |
| 3 | Coinbase Global | 34.98 Bn | -4.66 Bn | - | 8.45% |
| 4 | Fiserv | 33.69 Bn | 30.91 Bn | 2.76 Bn | -89.32% |
| 5 | Corpay | 29.61 Bn | 18.75 Bn | - | 56.52% |
| 6 | Global Payments | 26.89 Bn | 2.34 Bn | 2.01 Bn | 35.07% |
| 7 | Iren | 16.06 Bn | 1.16 Bn | 182.00 Mn | -13.16% |
| 8 | Guidewire Software | 12.75 Bn | 9.31 Bn | 269.68 Mn | 19.18% |
| 9 | Chime Financial | 12.47 Bn | 8.16 Bn | 646.07 Mn | 5.81% |
| 10 | Jack Henry & Associates | 12.20 Bn | 12.11 Bn | 325.50 Mn | 37.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.45% |
| Jun 30, 2026 | -5.44% |
| Mar 31, 2026 | 3.30% |
| Dec 31, 2025 | 19.36% |
| Sep 30, 2025 | 27.70% |
| 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 | -6.76% |
| Jun 30, 2023 | -4.85% |
| Mar 31, 2023 | -10.42% |
| Dec 31, 2022 | -81.43% |
| Sep 30, 2022 | -87.10% |
| Jun 30, 2022 | -123.67% |
| Mar 31, 2022 | -44.65% |
| Dec 31, 2021 | 37.94% |
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();