Coinbase Global (COIN) Net Margin (2020 - 2026)
Coinbase Global (COIN) reported Net Margin of 59.36% for Q3 2026, up 35.97 percentage points from 23.39% a year earlier and up 88.82 percentage points from the prior quarter.
Powered by 
Analysis
Coinbase Global (COIN) Net Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Coinbase Global's Net Margin came in at -12.32%, down 54.42 percentage points year-over-year; for FY2025, it was 17.79%, down 21.69 percentage points from FY2024.
- Net Margin has a five-year change of +7.81 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 39.48% in FY2024 (+36.43 pp), 3.05% in FY2023 (+85.42 pp), -82.37% in FY2022 (-123.07 pp) and 40.70% in FY2021 (+30.72 pp).
- The Q3 2026 figure ranks as the highest quarterly Net Margin since Q2 2025.
- Year over year, Net Margin gained in four of the last eight quarters, with an average year-over-year change of -18.06 percentage points.
- The high point for year-over-year Net Margin in five years was Q2 2023 (a gain of 122.28 percentage points); the low point was Q2 2022 (a drop of 207.57 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -29.46% (Q2 2026), -27.89% (Q1 2026) and -37.14% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 52.19 Bn | 23.96 Bn | 3.24 Bn | 8.42% |
| 2 | PayPal Holdings | 50.03 Bn | 8.73 Bn | - | 12.50% |
| 3 | Coinbase Global | 35.13 Bn | -4.52 Bn | - | 59.36% |
| 4 | Fiserv | 33.23 Bn | 30.43 Bn | 2.76 Bn | -114.34% |
| 5 | Corpay | 29.63 Bn | 18.45 Bn | - | 27.38% |
| 6 | Global Payments | 26.81 Bn | 1.63 Bn | 2.01 Bn | 8.50% |
| 7 | Guidewire Software | 13.13 Bn | 9.70 Bn | 269.68 Mn | 7.64% |
| 8 | Chime Financial | 12.34 Bn | 8.03 Bn | 646.07 Mn | 6.09% |
| 9 | Jack Henry & Associates | 12.26 Bn | 12.16 Bn | 273.85 Mn | 17.27% |
| 10 | Bitmine Immersion Technologies | 10.03 Bn | 7.41 Bn | 40.81 Mn | -179.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 59.36% |
| Jun 30, 2026 | -29.46% |
| Mar 31, 2026 | -27.89% |
| Dec 31, 2025 | -37.14% |
| Sep 30, 2025 | 23.39% |
| Jun 30, 2025 | 95.68% |
| Mar 31, 2025 | 3.23% |
| Dec 31, 2024 | 56.98% |
| Sep 30, 2024 | 6.26% |
| Jun 30, 2024 | 2.49% |
| Mar 31, 2024 | 71.94% |
| Dec 31, 2023 | 28.66% |
| Sep 30, 2023 | -0.34% |
| Jun 30, 2023 | -13.79% |
| Mar 31, 2023 | -10.21% |
| Dec 31, 2022 | -88.67% |
| Sep 30, 2022 | -92.26% |
| Jun 30, 2022 | -136.06% |
| Mar 31, 2022 | -36.84% |
| Dec 31, 2021 | 34.10% |
API Access
Coinbase Global Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "COIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();