Coinbase Global (COIN) Free Cash Flow (2020 - 2026)
Coinbase Global (COIN) recorded Free Cash Flow of $197.31 million in Q2 2026, down 17.8% from $240.08 million a year earlier but up 8.0% from the prior quarter.
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Analysis
Coinbase Global (COIN) Free Cash Flow (2020 - 2026) Analysis & Trends
On a TTM basis, Coinbase Global's Free Cash Flow came in at $1.71 billion as of Jun 30, 2026, down 48.1% year-over-year; for FY2025, it was $2.43 billion, down 21.8% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 53.6% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $3.1 billion in FY2024 (+361.0%), $673.38 million in FY2023, -$1.59 billion in FY2022 and $3.98 billion in FY2021.
- Quarterly Free Cash Flow has ranged from -$3.74 billion in Q4 2021 to $3.07 billion in Q4 2025 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in three of the last six quarters, with growth averaging 30.9%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 221.1% in Q2 2024, against a decline of 78.6% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $182.74 million (Q1 2026), $3.07 billion (Q4 2025) and -$1.73 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 48.42 Bn | 7.12 Bn | - | 1.43 Bn |
| 2 | Block | 45.61 Bn | 16.90 Bn | 3.17 Bn | 966.61 Mn |
| 3 | Coinbase Global | 37.13 Bn | -2.51 Bn | - | 405.46 Mn |
| 4 | Fiserv | 26.58 Bn | 23.25 Bn | 2.90 Bn | 985.00 Mn |
| 5 | Corpay | 26.23 Bn | 16.11 Bn | - | 1.42 Bn |
| 6 | Global Payments | 25.99 Bn | 3.78 Bn | 2.03 Bn | 426.96 Mn |
| 7 | Guidewire Software | 13.67 Bn | 10.24 Bn | 269.68 Mn | 281.76 Mn |
| 8 | Jack Henry & Associates | 11.62 Bn | 11.52 Bn | 273.85 Mn | 282.19 Mn |
| 9 | Bitmine Immersion Technologies | 11.09 Bn | 8.47 Bn | 40.81 Mn | 28.98 Mn |
| 10 | Chime Financial | 10.61 Bn | 6.40 Bn | 594.87 Mn | 197.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 405.46 Mn |
| Jun 30, 2026 | 197.31 Mn |
| Mar 31, 2026 | 182.74 Mn |
| Dec 31, 2025 | 3.07 Bn |
| Sep 30, 2025 | -1.73 Bn |
| Jun 30, 2025 | 240.08 Mn |
| Mar 31, 2025 | 852.69 Mn |
| Dec 31, 2024 | 1.51 Bn |
| Sep 30, 2024 | 696.54 Mn |
| Jun 30, 2024 | 484.20 Mn |
| Mar 31, 2024 | 411.49 Mn |
| Dec 31, 2023 | -254.23 Mn |
| Sep 30, 2023 | 313.78 Mn |
| Jun 30, 2023 | 150.80 Mn |
| Mar 31, 2023 | 463.03 Mn |
| Dec 31, 2022 | -741.69 Mn |
| Sep 30, 2022 | -397.50 Mn |
| Jun 30, 2022 | -353.67 Mn |
| Mar 31, 2022 | -92.56 Mn |
| Dec 31, 2021 | -3.73 Bn |
API Access
Coinbase Global Free Cash Flow 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=free-cash-flow&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();