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Growth Metrics

Coinbase Global (COIN) Free Cash Flow (2020 - 2026)

Coinbase Global (COIN) reported Free Cash Flow of $182.7 million for Q1 2026, down 78.57% year-over-year from $852.7 million in Q1 2025, and down 94.04% on a QoQ basis from $3.1 billion in Q4 2025.

Coinbase Global (COIN) has 7 years of Free Cash Flow data on file, last reported at $182.7 million in Q1 2026.

  • Quarterly Free Cash Flow fell 78.57% year-over-year to $182.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.8 billion (down 50.46% YoY) and the FY2025 annual result came in at $2.4 billion, down 21.83% from the prior year.
  • Free Cash Flow slipped to $182.7 million in Q1 2026 per COIN's latest filing, from $3.1 billion in the prior quarter.
  • Across five years, Free Cash Flow topped out at $3.1 billion in Q4 2025 and bottomed at -$802.7 million in Q4 2022.
  • The 5-year median for Free Cash Flow is $182.7 million (2026), against an average of $275.1 million.
  • The widest annual swing landed in 2023, when Free Cash Flow jumped 600.33%; it then plunged 246.0% in 2025.
  • Tracing COIN's Free Cash Flow over 5 years: stood at -$802.7 million in 2022, then surged by 60.46% to -$317.4 million in 2023, then soared by 576.23% to $1.5 billion in 2024, then jumped by 102.76% to $3.1 billion in 2025, then plunged by 94.04% to $182.7 million in 2026.
  • Per Business Quant, the three latest COIN Free Cash Flow figures stand at $182.7 million (Q1 2026), $3.1 billion (Q4 2025), and -$784.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 1.01 Bn
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 1.24 Bn
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 1.26 Bn
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn 844.00 Mn
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 629.00 Mn
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn 182.74 Mn
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn 280.80 Mn
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 1.94 Bn
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 19.00 Mn
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 185.69 Mn

Historic Data

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DateValue
Mar 31, 2026 182.74 Mn
Mar 31, 2026 182.74 Mn
Dec 31, 2025 3.07 Bn
Dec 31, 2025 3.07 Bn
Sep 30, 2025 -784.52 Mn
Sep 30, 2025 -784.52 Mn
Jun 30, 2025 -706.95 Mn
Jun 30, 2025 -706.95 Mn
Mar 31, 2025 852.69 Mn
Mar 31, 2025 852.69 Mn
Dec 31, 2024 1.51 Bn
Dec 31, 2024 1.51 Bn
Sep 30, 2024 696.54 Mn
Sep 30, 2024 696.54 Mn
Jun 30, 2024 484.20 Mn
Jun 30, 2024 484.20 Mn
Mar 31, 2024 411.49 Mn
Mar 31, 2024 411.49 Mn
Dec 31, 2023 -317.43 Mn
Dec 31, 2023 -317.43 Mn
Sep 30, 2023 313.40 Mn
Sep 30, 2023 313.40 Mn
Jun 30, 2023 151.12 Mn
Jun 30, 2023 151.12 Mn
Mar 31, 2023 463.08 Mn
Mar 31, 2023 463.08 Mn
Dec 31, 2022 -802.73 Mn
Dec 31, 2022 -802.73 Mn
Sep 30, 2022 -397.50 Mn
Sep 30, 2022 -397.50 Mn
Jun 30, 2022 -353.67 Mn
Jun 30, 2022 -353.67 Mn
Mar 31, 2022 -92.56 Mn
Mar 31, 2022 -92.56 Mn
Dec 31, 2021 -3.72 Bn
Dec 31, 2021 -3.72 Bn
Sep 30, 2021 364.42 Mn
Sep 30, 2021 364.42 Mn
Jun 30, 2021 3.96 Bn
Jun 30, 2021 3.96 Bn
Mar 31, 2021 3.41 Bn
Mar 31, 2021 3.41 Bn
Dec 31, 2020 -549.78 Mn
Dec 31, 2020 -549.78 Mn
Sep 30, 2020 213.50 Mn
Sep 30, 2020 213.50 Mn
Jun 30, 2020 161.46 Mn
Jun 30, 2020 161.46 Mn
Mar 31, 2020 468.37 Mn
Mar 31, 2020 468.37 Mn