Coinbase Global (COIN) Net Margin (2020 - 2026)
Coinbase Global (COIN) reported Net Margin of 27.89% for Q1 2026, down 3112.0% year-over-year from 0.93% in Q1 2025, and up 24.9% on a QoQ basis from 37.14% in Q4 2025.
Coinbase Global (COIN) has 7 years of Net Margin data on file, last reported at 27.89% in Q1 2026.
- Quarterly Net Margin fell 3112.0% year-over-year to 27.89% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.34% (down 861.0% YoY) and the FY2025 annual result came in at 17.79%, down 2148.0% from the prior year.
- Net Margin climbed to 27.89% in Q1 2026 per COIN's latest filing, from 37.14% in the prior quarter.
- Across five years, Net Margin topped out at 1526.91% in Q4 2023 and bottomed at 135.3% in Q2 2022.
- The 5-year median for Net Margin is 0.34% (2023), against an average of 79.04%.
- The widest annual swing landed in 2023, when Net Margin jumped 161558 bps; it then sank 147053 bps in 2024.
- Tracing COIN's Net Margin over 5 years: stood at 88.67% in 2022, then soared by 1822 bps to 1526.91% in 2023, then plunged by 96 bps to 56.38% in 2024, then slumped by 166 bps to 37.14% in 2025, then gained by 25 bps to 27.89% in 2026.
- Per Business Quant, the three latest COIN Net Margin figures stand at 27.89% (Q1 2026), 37.14% (Q4 2025), and 23.15% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 36.06% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 62.12% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 48.10% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 31.79% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 24.29% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -27.89% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 47.72% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 30.18% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 32.15% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 21.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -27.89% |
| Dec 31, 2025 | -37.14% |
| Sep 30, 2025 | 23.15% |
| Jun 30, 2025 | 95.68% |
| Mar 31, 2025 | 3.23% |
| Dec 31, 2024 | 56.38% |
| Sep 30, 2024 | 6.26% |
| Jun 30, 2024 | 2.49% |
| Mar 31, 2024 | 71.94% |
| Dec 31, 2023 | 1,526.91% |
| 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 | -135.30% |
| Mar 31, 2022 | -36.84% |
| Dec 31, 2021 | 30.36% |
| Sep 30, 2021 | 30.67% |
| Jun 30, 2021 | 71.51% |
| Mar 31, 2021 | 21.53% |
| Dec 31, 2020 | 14.78% |
| Sep 30, 2020 | 5.53% |