Coinbase Global (COIN) Free Cash Flow (2020 - 2026)
Coinbase Global (COIN) posted quarterly Free Cash Flow of $197.3 million for Q2 2026, down 17.81% year-over-year from $240.1 million in Q2 2025, and up 7.97% quarter-over-quarter from $182.7 million in Q1 2026.
Coinbase Global (COIN) Free Cash Flow (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Free Cash Flow for 7 consecutive years, with $197.3 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow fell 17.81% year-over-year to $197.3 million; the TTM figure through Jun 2026 stood at $1.7 billion (down 48.09% YoY), while the FY2025 annual figure was $2.4 billion, down 21.83% from the prior year.
- Free Cash Flow improved to $197.3 million in Q2 2026 per COIN's latest filing, from $182.7 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $3.1 billion in Q4 2025 and bottomed at -$1.7 billion in Q3 2025.
- Historically, Free Cash Flow has averaged $270.8 million across 5 years, with a median of $218.7 million in 2025.
- Annual changes were most pronounced in 2024 — Free Cash Flow surged 667.62% — and 2025, when it sank 348.59%.
- Coinbase Global's Free Cash Flow stood at -$758.6 million in 2022, then jumped by 64.89% to -$266.3 million in 2023, then soared by 667.62% to $1.5 billion in 2024, then jumped by 102.76% to $3.1 billion in 2025, then plunged by 93.56% to $197.3 million in 2026.
- Business Quant data shows COIN's Free Cash Flow at $197.3 million in Q2 2026, $182.7 million in Q1 2026, and $3.1 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 1.40 Bn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 923.50 Mn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | 1.88 Bn |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 688.00 Mn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 634.00 Mn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 197.31 Mn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 337.40 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | -536.30 Mn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 305.70 Mn |
| 10 | Factset Research Systems | 10.82 Bn | 10.52 Bn | 310.73 Mn | 254.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 197.31 Mn |
| Jun 30, 2026 | 197.31 Mn |
| 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 |