Coinbase Global (COIN) Gross Margin (2020 - 2026)
Coinbase Global's (COIN) quarterly Gross Margin came in at 94.06% in Q1 2026, down 78.0% year-on-year from 427.55% in Q1 2025, and down 0.82% on a QoQ basis from 94.84% in Q1 2025.
Coinbase Global (COIN) Gross Margin (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has 4 years of Gross Margin data on file, last reported at 94.06% in Q1 2026.
- On a quarterly basis, Gross Margin fell 78.0% year-over-year to 94.06% in Q1 2026; TTM through Mar 2026 was 77.5%, a N/A change from a year earlier, with the FY2025 full-year figure at 94.39%, down 184.0% from the prior year.
- Gross Margin for Q1 2026 stood at 94.06%, down from 94.84% in the prior quarter.
- Over the last five years, Gross Margin for COIN reached as high as 94.84% in Q1 2025 and fell as low as 94.06% in Q1 2026.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bit Origin | 1,110.84 Bn | 1,110.84 Bn | - | - |
| 2 | S&P Global | 130.72 Bn | 128.91 Bn | 2.94 Bn | 70.39% |
| 3 | Cme | 92.16 Bn | 92.16 Bn | 1.65 Bn | 96.49% |
| 4 | Moodys | 84.72 Bn | 83.22 Bn | 1.67 Bn | 76.29% |
| 5 | Intercontinental Exchange | 84.12 Bn | 82.38 Bn | - | - |
| 6 | Nasdaq | 53.10 Bn | 52.38 Bn | 1.50 Bn | 59.24% |
| 7 | Coinbase Global | 44.25 Bn | 33.81 Bn | 1.33 Bn | 94.06% |
| 8 | Msci | 41.65 Bn | 41.29 Bn | 717.10 Mn | 82.71% |
| 9 | Cboe Global Markets | 30.13 Bn | 27.96 Bn | 728.90 Mn | 57.27% |
| 10 | TransUnion | 14.77 Bn | 14.04 Bn | 726.20 Mn | 58.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 94.06% |
| Mar 31, 2025 | 94.84% |
| Mar 31, 2021 | 91.34% |
| Mar 31, 2020 | 94.53% |