Coinbase Global (COIN) EBT Margin (2020 - 2026)
Coinbase Global (COIN) reported EBT Margin of -32.41% for Q2 2026, down 154.22 percentage points from 121.81% a year earlier but up 0.48 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 Jun 30, 2026, Coinbase Global's EBT Margin came in at -19.80%, down 69.34 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).
- Five-year quarterly EBT Margin spans a low of -153.47% in Q2 2022 and a high of 121.81% in Q2 2025.
- Year over year, EBT Margin has now declined in each of the last three quarters, with an average year-over-year change of -23.86 percentage points over the last eight quarters.
- 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 Q2 2026 came in at -32.89% (Q1 2026), -49.76% (Q4 2025) and 26.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | -32.41% |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 15.09% |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 4.56% |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | -504.27% |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 25.75% |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | 14.64% |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | 3.14% |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | -179.64% |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 11.02% |
| 10 | Hut 8 | 10.61 Bn | 10.45 Bn | 48.04 Mn | -278.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 20.65% |
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();