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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Coinbase Global (COIN) Gross Margin (2020 - 2025)

Coinbase Global (COIN) has disclosed Gross Margin for 6 consecutive years, with 119.16% as the latest value for Q4 2025.

  • Quarterly Gross Margin rose 1117.0% to 119.16% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 94.39% through Dec 2025, down 184.0% year-over-year, with the annual reading at 94.39% for FY2025, 184.0% down from the prior year.
  • Gross Margin for Q4 2025 was 119.16% at Coinbase Global, up from 86.07% in the prior quarter.
  • The five-year high for Gross Margin was 119.16% in Q4 2025, with the low at 493.88% in Q4 2023.
  • Average Gross Margin over 5 years is 61.66%, with a median of 88.28% recorded in 2023.
  • The sharpest move saw Gross Margin tumbled -57908bps in 2023, then soared 60187bps in 2024.
  • Over 5 years, Gross Margin stood at 90.21% in 2021, then dropped by -6bps to 85.2% in 2022, then plummeted by -680bps to 493.88% in 2023, then surged by 122bps to 107.99% in 2024, then increased by 10bps to 119.16% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 119.16%, 86.07%, and 84.22% for Q4 2025, Q3 2025, and Q2 2025 respectively.