Coinbase Global (COIN) Net Margin (2020 - 2026)
Coinbase Global (COIN) posted quarterly Net Margin of 29.46% for 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.
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.
- In Q2 2026, Net Margin fell 12490.0% year-over-year to 29.46%; the TTM figure through Jun 2026 stood at 15.72% (down 5654.0% YoY), while the FY2025 annual figure was 17.55%, down 2172.0% from the prior year.
- Net Margin eased to 29.46% in Q2 2026 per COIN's latest filing, from 27.89% in the prior quarter.
- Across five years, Net Margin topped out at 1526.92% in Q4 2023 and bottomed at 135.3% in Q2 2022.
- Historically, Net Margin has averaged 73.0% across 5 years, with a median of 5.27% in 2023.
- Annual changes were most pronounced in 2023 — Net Margin soared 161545 bps — and 2024, when it tumbled 147010 bps.
- Coinbase Global's Net Margin stood at 88.54% in 2022, then soared 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 increased by 21 bps to 29.46% in 2026.
- Business Quant data shows COIN's Net Margin at 29.46% in Q2 2026, 27.89% in Q1 2026, and 37.43% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.61 Bn | 123.47 Bn | 2.98 Bn | 31.91% |
| 2 | Cme | 97.52 Bn | 97.52 Bn | 1.65 Bn | 61.06% |
| 3 | Intercontinental Exchange | 89.57 Bn | 87.62 Bn | - | 27.00% |
| 4 | Moodys | 86.76 Bn | 85.26 Bn | 1.67 Bn | 40.23% |
| 5 | Nasdaq | 54.95 Bn | 54.24 Bn | 1.50 Bn | 20.02% |
| 6 | Coinbase Global | 45.29 Bn | 36.50 Bn | 1.16 Bn | -29.46% |
| 7 | Msci | 41.31 Bn | 40.96 Bn | 717.10 Mn | 39.45% |
| 8 | Cboe Global Markets | 30.95 Bn | 28.56 Bn | 731.60 Mn | 24.38% |
| 9 | TransUnion | 16.34 Bn | 15.50 Bn | 765.00 Mn | 11.20% |
| 10 | Factset Research Systems | 10.81 Bn | 10.51 Bn | 310.73 Mn | 20.34% |
Historic Data
Download 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% |