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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.

  • On a quarterly basis, Gross Margin rose 2910.0% to 119.16% in Q4 2025 year-over-year; TTM through Dec 2025 was 94.39%, a 436.0% increase, with the full-year FY2025 number at 94.39%, up 436.0% from a year prior.
  • Gross Margin was 119.16% for Q4 2025 at Coinbase Global, up from 86.07% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 119.16% in Q4 2025 to a low of 82.57% in Q2 2022.
  • A 5-year average of 89.9% and a median of 88.5% in 2023 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: crashed -1061bps in 2022, then soared 2910bps in 2025.
  • Coinbase Global's Gross Margin stood at 90.21% in 2021, then fell by -6bps to 85.2% in 2022, then increased by 4bps to 88.85% in 2023, then increased by 1bps to 90.06% in 2024, then soared by 32bps to 119.16% in 2025.
  • Per Business Quant, the three most recent readings for COIN's Gross Margin are 119.16% (Q4 2025), 86.07% (Q3 2025), and 84.22% (Q2 2025).