Coinbase Global (COIN) FCF Margin (2020 - 2026)
Coinbase Global's (COIN) quarterly FCF Margin came in at 16.17% in Q2 2026, up 14.0% year-over-year from 14.19% in Q2 2025, and up 25.04% quarter-over-quarter from 12.93% in Q1 2026.
Analysis
Coinbase Global (COIN) FCF Margin (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported FCF Margin for 7 consecutive years, with 16.17% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 14.0% year-over-year to 16.17% in Q2 2026; TTM through Jun 2026 was 27.28%, a 1983.0% decrease from a year earlier, with the FY2025 full-year figure at 33.79%, down 1350.0% from the prior year.
- FCF Margin was 16.17% for Q2 2026 at Coinbase Global, up from 12.93% in the prior quarter.
- Over five years, FCF Margin peaked at 172.09% in Q4 2025 and troughed at 1487.85% in Q4 2023.
- A 5-year average of 70.19% and a median of 17.67% in 2023 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin plunged 136726 bps in 2023 and jumped 155440 bps in 2024, its largest moves.
- Over 5 years, FCF Margin stood at 120.59% in 2022, then plunged by 1134 bps to 1487.85% in 2023, then jumped by 104 bps to 66.55% in 2024, then soared by 159 bps to 172.09% in 2025, then sank by 91 bps to 16.17% in 2026.
- The last three FCF Margin figures came in at 16.17% (Q2 2026), 12.93% (Q1 2026), and 172.09% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 45.40 Bn | 36.62 Bn | 1.16 Bn | 16.17% |
| 2 | Bullish | 4.32 Bn | 4.21 Bn | 15.53 Mn | 0.05% |
| 3 | Canton Strategic Holdings | 465.18 Mn | 465.18 Mn | - | -468.09% |
| 4 | Cypherpunk Technologies | 406.44 Mn | 406.44 Mn | - | - |
| 5 | Coincheck | 268.46 Mn | 166.86 Mn | 11.20 Mn | -0.95% |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | Usbc | 178.08 Mn | 174.42 Mn | - | - |
| 8 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
| 9 | TON Strategy | 173.75 Mn | 173.73 Mn | - | - |
| 10 | Streamex | 123.26 Mn | 104.79 Mn | - | -8,143.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.17% |
| Mar 31, 2026 | 12.93% |
| Dec 31, 2025 | 172.09% |
| Sep 30, 2025 | -92.66% |
| Jun 30, 2025 | 16.04% |
| 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 | -1,487.85% |
| Sep 30, 2023 | 43.45% |
| Jun 30, 2023 | 19.17% |
| Mar 31, 2023 | 57.98% |
| Dec 31, 2022 | -120.59% |
| Sep 30, 2022 | -70.00% |
| Jun 30, 2022 | -46.29% |
| Mar 31, 2022 | -8.61% |
| Dec 31, 2021 | -149.51% |
| Sep 30, 2021 | 26.07% |