Coinbase Global (COIN) FCF Margin (2020 - 2026)

Coinbase Global's (COIN) quarterly FCF Margin came in at 12.93% in Q1 2026, down 2898.0% year-on-year from 0.46% in Q1 2025, and down 92.48% on a QoQ basis from 172.09% in Q4 2025.

Coinbase Global (COIN) FCF Margin (2020 - 2026) Analysis & Trends

Coinbase Global (COIN) has 7 years of FCF Margin data on file, last reported at 12.93% in Q1 2026.

  • On a quarterly basis, FCF Margin fell 2898.0% year-over-year to 12.93% in Q1 2026; TTM through Mar 2026 was 26.77%, a 2416.0% decrease from a year earlier, with the FY2025 full-year figure at 33.79%, down 1350.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 12.93%, down from 172.09% in the prior quarter.
  • Over the last five years, FCF Margin for COIN reached as high as 172.09% in Q4 2025 and fell as low as 1423.25% in Q4 2023.
  • Historically, FCF Margin has averaged 71.87% across 5 years, with a median of 17.03% in 2023.
  • Across the five-year window, FCF Margin plunged 130266 bps in 2023 and jumped 148979 bps in 2024, its largest moves.
  • Year by year, FCF Margin stood at 120.59% in 2022, then tumbled by 1080 bps to 1423.25% in 2023, then surged by 105 bps to 66.55% in 2024, then jumped by 159 bps to 172.09% in 2025, then tumbled by 92 bps to 12.93% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 12.93% in Q1 2026, 172.09% in Q4 2025, and 41.98% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Bit Origin 1,110.84 Bn 1,110.84 Bn - -
2 S&P Global 130.72 Bn 128.91 Bn 2.94 Bn 24.21%
3 Cme 92.16 Bn 92.16 Bn 1.65 Bn 54.13%
4 Moodys 84.72 Bn 83.22 Bn 1.67 Bn 31.49%
5 Intercontinental Exchange 84.12 Bn 82.38 Bn - 40.78%
6 Nasdaq 53.10 Bn 52.38 Bn 1.50 Bn 25.04%
7 Coinbase Global 44.25 Bn 33.81 Bn 1.33 Bn 12.93%
8 Msci 41.65 Bn 41.29 Bn 717.10 Mn 41.68%
9 Cboe Global Markets 30.13 Bn 27.96 Bn 728.90 Mn 152.48%
10 TransUnion 14.77 Bn 14.04 Bn 726.20 Mn 1.53%

Historic Data

Download Data
DateValue
Mar 31, 2026 12.93%
Dec 31, 2025 172.09%
Sep 30, 2025 -41.98%
Jun 30, 2025 -47.22%
Mar 31, 2025 41.92%
Dec 31, 2024 66.55%
Sep 30, 2024 57.80%
Jun 30, 2024 33.40%
Mar 31, 2024 25.13%
Dec 31, 2023 -1,423.25%
Sep 30, 2023 51.10%
Jun 30, 2023 17.03%
Mar 31, 2023 59.94%
Dec 31, 2022 -120.59%
Sep 30, 2022 -75.39%
Jun 30, 2022 -43.45%
Mar 31, 2022 -7.85%
Dec 31, 2021 -148.88%
Sep 30, 2021 26.74%
Jun 30, 2021 178.53%