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Growth Metrics

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

Coinbase Global (COIN) has disclosed Net Margin for 6 consecutive years, with 38.09% as the latest value for Q4 2025.

  • Quarterly Net Margin fell 9550.0% to 38.09% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 17.39% through Dec 2025, down 2209.0% year-over-year, with the annual reading at 17.55% for FY2025, 2193.0% down from the prior year.
  • Net Margin for Q4 2025 was 38.09% at Coinbase Global, down from 23.15% in the prior quarter.
  • The five-year high for Net Margin was 1526.92% in Q4 2023, with the low at 135.3% in Q2 2022.
  • Average Net Margin over 5 years is 76.04%, with a median of 4.74% recorded in 2025.
  • The sharpest move saw Net Margin skyrocketed 161545bps in 2023, then crashed -146951bps in 2024.
  • Over 5 years, Net Margin stood at 30.36% in 2021, then crashed by -392bps to 88.54% in 2022, then skyrocketed by 1825bps to 1526.92% in 2023, then crashed by -96bps to 57.41% in 2024, then plummeted by -166bps to 38.09% in 2025.
  • According to Business Quant data, Net Margin over the past three periods came in at 38.09%, 23.15%, and 95.44% for Q4 2025, Q3 2025, and Q2 2025 respectively.