Coinbase Global (COIN) Gross Margin (2020 - 2026)
Coinbase Global's (COIN) quarterly Gross Margin came in at 95.11% in Q2 2026, up 112.0% year-over-year from 44.86% in Q2 2025, and up 1.11% quarter-over-quarter from 94.06% in Q1 2026.
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Coinbase Global (COIN) Gross Margin (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Gross Margin for 4 consecutive years, with 95.11% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 112.0% year-over-year to 95.11% in Q2 2026; TTM through Jun 2026 was 92.73%, a 1907.0% increase from a year earlier, with the FY2025 full-year figure at 94.39%, down 184.0% from the prior year.
- Gross Margin was 95.11% for Q2 2026 at Coinbase Global, up from 94.06% in the prior quarter.
- Over five years, Gross Margin peaked at 95.11% in Q2 2026 and troughed at 93.99% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 46.24 Bn | 37.45 Bn | 1.16 Bn | 95.11% |
| 2 | Bullish | 4.41 Bn | 4.30 Bn | 15.53 Mn | 0.05% |
| 3 | Canton Strategic Holdings | 481.44 Mn | 481.44 Mn | - | - |
| 4 | Cypherpunk Technologies | 454.37 Mn | 454.37 Mn | - | - |
| 5 | Coincheck | 269.81 Mn | 168.21 Mn | 11.20 Mn | 1.61% |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | TON Strategy | 179.57 Mn | 179.55 Mn | - | - |
| 8 | Usbc | 178.55 Mn | 174.89 Mn | - | - |
| 9 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
| 10 | Streamex | 123.02 Mn | 104.56 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 95.11% |
| Mar 31, 2026 | 94.06% |
| Jun 30, 2025 | 93.99% |
| Mar 31, 2025 | 94.84% |
| Mar 31, 2021 | 91.34% |
| Mar 31, 2020 | 94.53% |