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
Download Data| Date | Value |
|---|---|
| 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 |