KPIs & Operating Metrics(New)
Growth Metrics

Coinbase Global (COIN) FCF Margin (2020 - 2025)

Coinbase Global (COIN) has disclosed FCF Margin for 6 consecutive years, with 172.09% as the latest value for Q4 2025.

  • On a quarterly basis, FCF Margin rose 10554.0% to 172.09% in Q4 2025 year-over-year; TTM through Dec 2025 was 33.79%, a 1350.0% decrease, with the full-year FY2025 number at 33.79%, down 1350.0% from a year prior.
  • FCF Margin was 172.09% for Q4 2025 at Coinbase Global, up from 41.98% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 189.43% in Q1 2021 to a low of 148.88% in Q4 2021.
  • A 5-year average of 21.43% and a median of 23.53% in 2025 define the central range for FCF Margin.
  • Peak YoY movement for FCF Margin: plummeted -22462bps in 2022, then surged 10554bps in 2025.
  • Coinbase Global's FCF Margin stood at 148.88% in 2021, then rose by 20bps to 118.46% in 2022, then surged by 76bps to 27.92% in 2023, then surged by 338bps to 66.55% in 2024, then surged by 159bps to 172.09% in 2025.
  • Per Business Quant, the three most recent readings for COIN's FCF Margin are 172.09% (Q4 2025), 41.98% (Q3 2025), and 21.94% (Q2 2025).