Coinbase Global (COIN) Net Margin (2020 - 2026)
Coinbase Global's (COIN) quarterly Net Margin came in at 29.46% in Q2 2026, down 12490.0% year-over-year from N/an in Q2 2025, and down 5.63% quarter-over-quarter from 27.89% in Q1 2026.
Analysis
Coinbase Global (COIN) Net Margin (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Net Margin for 7 consecutive years, with 29.46% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 12490.0% year-over-year to 29.46% in Q2 2026; TTM through Jun 2026 was 15.72%, a 5654.0% decrease from a year earlier, with the FY2025 full-year figure at 17.55%, down 2172.0% from the prior year.
- Net Margin was 29.46% for Q2 2026 at Coinbase Global, down from 27.89% in the prior quarter.
- Over five years, Net Margin peaked at 1526.92% in Q4 2023 and troughed at 135.3% in Q2 2022.
- A 5-year average of 73.0% and a median of 5.27% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin surged 161545 bps in 2023 and plunged 147010 bps in 2024, its largest moves.
- Over 5 years, Net Margin stood at 88.54% in 2022, then jumped by 1825 bps to 1526.92% in 2023, then slumped by 96 bps to 56.82% in 2024, then sank by 166 bps to 37.43% in 2025, then climbed by 21 bps to 29.46% in 2026.
- The last three Net Margin figures came in at 29.46% (Q2 2026), 27.89% (Q1 2026), and 37.43% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.70 Bn | 39.92 Bn | 1.16 Bn | -29.46% |
| 2 | Bullish | 5.43 Bn | 5.38 Bn | 15.53 Mn | -0.79% |
| 3 | Canton Strategic Holdings | 494.45 Mn | 494.45 Mn | - | -1,287.21% |
| 4 | Cypherpunk Technologies | 446.07 Mn | 446.07 Mn | - | - |
| 5 | Coincheck | 267.10 Mn | 165.50 Mn | 11.20 Mn | -1.03% |
| 6 | Exodus Movement | 226.48 Mn | -128.60 Mn | - | -70.96% |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 8 | Usbc | 194.07 Mn | 190.41 Mn | - | - |
| 9 | TON Strategy | 187.68 Mn | 187.66 Mn | - | - |
| 10 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -29.46% |
| Mar 31, 2026 | -27.89% |
| Dec 31, 2025 | -37.43% |
| Sep 30, 2025 | 23.15% |
| Jun 30, 2025 | 95.44% |
| Mar 31, 2025 | 3.23% |
| Dec 31, 2024 | 56.82% |
| Sep 30, 2024 | 6.26% |
| Jun 30, 2024 | 2.49% |
| Mar 31, 2024 | 71.78% |
| Dec 31, 2023 | 1,526.92% |
| Sep 30, 2023 | -0.34% |
| Jun 30, 2023 | -13.76% |
| Mar 31, 2023 | -10.21% |
| Dec 31, 2022 | -88.54% |
| Sep 30, 2022 | -92.26% |
| Jun 30, 2022 | -135.30% |
| Mar 31, 2022 | -36.84% |
| Dec 31, 2021 | 34.23% |
| Sep 30, 2021 | 30.67% |