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

Coinbase Global (COIN) Gross Margin: 2020-2025

Historic Gross Margin for Coinbase Global (COIN) over the last 6 years, with Sep 2025 value amounting to 86.07%.

  • Coinbase Global's Gross Margin fell 26.00% to 86.07% in Q3 2025 from the same period last year, while for Sep 2025 it was 87.36%, marking a year-over-year decrease of 244.00%. This contributed to the annual value of 90.03% for FY2024, which is 72.00% up from last year.
  • Coinbase Global's Gross Margin amounted to 86.07% in Q3 2025, which was up 2.20% from 84.22% recorded in Q2 2025.
  • Over the past 5 years, Coinbase Global's Gross Margin peaked at 93.98% during Q1 2024, and registered a low of 82.57% during Q2 2022.
  • Over the past 3 years, Coinbase Global's median Gross Margin value was 88.40% (recorded in 2023), while the average stood at 88.57%.
  • Its Gross Margin has fluctuated over the past 5 years, first tumbled by 1,061bps in 2022, then spiked by 888bps in 2023.
  • Coinbase Global's Gross Margin (Quarterly) stood at 90.21% in 2021, then slumped by 501bps to 85.20% in 2022, then spiked by 365bps to 88.85% in 2023, then skyrocketed by 120bps to 90.06% in 2024, then dropped by 26bps to 86.07% in 2025.
  • Its Gross Margin stands at 86.07% for Q3 2025, versus 84.22% for Q2 2025 and 87.84% for Q1 2025.