Coinbase Global (COIN) EBT Margin (2020 - 2026)
Coinbase Global (COIN) reported EBT Margin of 67.78% for Q3 2026, up 40.91 percentage points from 26.87% a year earlier and up 100.19 percentage points from the prior quarter.
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Analysis
Coinbase Global (COIN) EBT Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Coinbase Global's EBT Margin came in at -16.39%, down 67.29 percentage points year-over-year; for FY2025, it was 21.19%, down 23.64 percentage points from FY2024.
- EBT Margin has a five-year change of -10.84 percentage points (FY2020 to FY2025).
- By year, EBT Margin came in at 44.83% in FY2024 (+47.30 pp), -2.47% in FY2023 (+93.47 pp), -95.94% in FY2022 (-134.55 pp) and 38.61% in FY2021 (+6.58 pp).
- The Q3 2026 figure ranks as the highest quarterly EBT Margin since Q2 2025.
- Year over year, EBT Margin gained in four of the last eight quarters, with an average year-over-year change of -18.82 percentage points.
- The high point for year-over-year EBT Margin in five years was Q2 2023 (a gain of 142.36 percentage points); the low point was Q2 2022 (a drop of 192.47 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -32.41% (Q2 2026), -32.89% (Q1 2026) and -49.76% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 52.19 Bn | 23.96 Bn | 3.24 Bn | 9.12% |
| 2 | PayPal Holdings | 50.03 Bn | 8.73 Bn | - | 16.01% |
| 3 | Coinbase Global | 35.13 Bn | -4.52 Bn | - | 67.78% |
| 4 | Fiserv | 33.23 Bn | 30.43 Bn | 2.76 Bn | -111.66% |
| 5 | Corpay | 29.63 Bn | 18.45 Bn | - | 36.35% |
| 6 | Global Payments | 26.81 Bn | 1.63 Bn | 2.01 Bn | 0.12% |
| 7 | Guidewire Software | 13.13 Bn | 9.70 Bn | 269.68 Mn | 11.02% |
| 8 | Chime Financial | 12.34 Bn | 8.03 Bn | 646.07 Mn | 6.12% |
| 9 | Jack Henry & Associates | 12.26 Bn | 12.16 Bn | 273.85 Mn | 21.70% |
| 10 | Bitmine Immersion Technologies | 10.03 Bn | 7.41 Bn | 40.81 Mn | -179.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 67.78% |
| Jun 30, 2026 | -32.41% |
| Mar 31, 2026 | -32.89% |
| Dec 31, 2025 | -49.76% |
| Sep 30, 2025 | 26.87% |
| Jun 30, 2025 | 121.81% |
| Mar 31, 2025 | 4.05% |
| Dec 31, 2024 | 65.89% |
| Sep 30, 2024 | 5.69% |
| Jun 30, 2024 | -4.16% |
| Mar 31, 2024 | 87.78% |
| Dec 31, 2023 | 13.93% |
| Sep 30, 2023 | 5.14% |
| Jun 30, 2023 | -11.11% |
| Mar 31, 2023 | -21.45% |
| Dec 31, 2022 | -90.74% |
| Sep 30, 2022 | -109.04% |
| Jun 30, 2022 | -153.47% |
| Mar 31, 2022 | -52.25% |
| Dec 31, 2021 | 35.64% |
API Access
Coinbase Global EBT 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=ebt-margin&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();