Coinbase Global (COIN) FCF Margin (2020 - 2026)
Coinbase Global's FCF Margin was 33.36% in Q3 2026, down 4.63 percentage points from 37.99% a year earlier but up 17.18 percentage points from the prior quarter.
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Analysis
Coinbase Global (COIN) FCF Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Coinbase Global's FCF Margin was 25.03% through Sep 30, 2026, down 18.17 percentage points year-over-year; for FY2025, it was 33.79%, down 13.50 percentage points from FY2024.
- FCF Margin shows a five-year change of +11.58 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 47.29% in FY2024 (+25.62 pp), 21.66% in FY2023 (+71.30 pp), -49.63% in FY2022 (-100.37 pp) and 50.74% in FY2021 (+28.53 pp).
- Quarterly FCF Margin has moved between -149.44% (Q4 2021) and 66.55% (Q4 2024) over five years.
- Compared with a year earlier, FCF Margin was higher in three of the last eight quarters, with an average year-over-year change of +0.98 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q3 2023 (a gain of 113.88 percentage points); the worst was Q2 2022 (a drop of 221.44 percentage points).
- Per Business Quant data, COIN's FCF Margin in the three quarters before Q3 2026 was 16.17% (Q2 2026), 12.93% (Q1 2026) and 35.02% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.73 Bn | 23.47 Bn | 3.24 Bn | 14.46% |
| 2 | PayPal Holdings | 49.20 Bn | 7.90 Bn | - | 16.67% |
| 3 | Coinbase Global | 34.98 Bn | -4.66 Bn | - | 33.36% |
| 4 | Fiserv | 33.69 Bn | 30.91 Bn | 2.76 Bn | 10.20% |
| 5 | Corpay | 29.61 Bn | 18.75 Bn | - | -53.19% |
| 6 | Global Payments | 26.89 Bn | 2.34 Bn | 2.01 Bn | -11.88% |
| 7 | Iren | 16.06 Bn | 1.16 Bn | 182.00 Mn | -702.63% |
| 8 | Guidewire Software | 12.75 Bn | 9.31 Bn | 269.68 Mn | 68.54% |
| 9 | Chime Financial | 12.47 Bn | 8.16 Bn | 646.07 Mn | 16.90% |
| 10 | Jack Henry & Associates | 12.20 Bn | 12.11 Bn | 325.50 Mn | 19.14% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.36% |
| Jun 30, 2026 | 16.17% |
| Mar 31, 2026 | 12.93% |
| Dec 31, 2025 | 35.02% |
| Sep 30, 2025 | 37.99% |
| 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 | -26.65% |
| Sep 30, 2023 | 46.54% |
| Jun 30, 2023 | 21.30% |
| Mar 31, 2023 | 59.94% |
| Dec 31, 2022 | -117.90% |
| Sep 30, 2022 | -67.33% |
| Jun 30, 2022 | -43.75% |
| Mar 31, 2022 | -7.93% |
| Dec 31, 2021 | -149.44% |
API Access
Coinbase Global FCF 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=fcf-margin&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();