Coinbase Global (COIN) Operating Income (2020 - 2026)
Coinbase Global (COIN) posted quarterly Operating Income of -$113.5 million for Q2 2026, down 360.4% year-over-year from $43.6 million in Q2 2025, and down 429.8% quarter-over-quarter from -$21.4 million in Q1 2026.
Coinbase Global (COIN) Operating Income (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Operating Income for 7 consecutive years, with -$113.5 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Income fell 360.4% year-over-year to -$113.5 million; the TTM figure through Jun 2026 stood at $619.4 million (down 67.14% YoY), while the FY2025 annual figure was $1.4 billion, down 37.78% from the prior year.
- Operating Income eased to -$113.5 million in Q2 2026 per COIN's latest filing, from -$21.4 million in the prior quarter.
- Across five years, Operating Income topped out at $1.0 billion in Q4 2024 and bottomed at -$1.0 billion in Q2 2022.
- Historically, Operating Income has averaged $40.9 million across 5 years, with a median of -$23.0 million in 2025.
- Annual changes were most pronounced in 2024 — Operating Income soared 794.42% — and 2026, when it slumped 360.4%.
- Coinbase Global's Operating Income stood at -$554.9 million in 2022, then soared by 120.84% to $115.6 million in 2023, then jumped by 794.42% to $1.0 billion in 2024, then slumped by 73.53% to $273.8 million in 2025, then slumped by 141.46% to -$113.5 million in 2026.
- Business Quant data shows COIN's Operating Income at -$113.5 million in Q2 2026, -$21.4 million in Q1 2026, and $273.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.48 Bn | 123.34 Bn | 2.98 Bn | 1.81 Bn |
| 2 | Cme | 99.22 Bn | 99.22 Bn | 1.65 Bn | 1.11 Bn |
| 3 | Intercontinental Exchange | 91.35 Bn | 89.39 Bn | - | 1.39 Bn |
| 4 | Moodys | 87.84 Bn | 86.34 Bn | 1.67 Bn | 1.05 Bn |
| 5 | Nasdaq | 55.47 Bn | 54.75 Bn | 1.50 Bn | 712.00 Mn |
| 6 | Coinbase Global | 49.58 Bn | 40.79 Bn | 1.16 Bn | -113.49 Mn |
| 7 | Msci | 41.28 Bn | 40.93 Bn | 717.10 Mn | 487.50 Mn |
| 8 | Cboe Global Markets | 31.52 Bn | 29.13 Bn | 731.60 Mn | 476.00 Mn |
| 9 | TransUnion | 16.41 Bn | 15.57 Bn | 765.00 Mn | 258.00 Mn |
| 10 | Factset Research Systems | 10.80 Bn | 10.49 Bn | 310.73 Mn | 166.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -113.49 Mn |
| Mar 31, 2026 | -21.42 Mn |
| Dec 31, 2025 | 273.75 Mn |
| Sep 30, 2025 | 480.53 Mn |
| Jun 30, 2025 | -24.65 Mn |
| Mar 31, 2025 | 705.81 Mn |
| Dec 31, 2024 | 1.03 Bn |
| Sep 30, 2024 | 169.51 Mn |
| Jun 30, 2024 | 343.12 Mn |
| Mar 31, 2024 | 760.46 Mn |
| Dec 31, 2023 | 115.61 Mn |
| Sep 30, 2023 | -79.83 Mn |
| Jun 30, 2023 | -73.58 Mn |
| Mar 31, 2023 | -123.88 Mn |
| Dec 31, 2022 | -554.87 Mn |
| Sep 30, 2022 | -556.48 Mn |
| Jun 30, 2022 | -1.04 Bn |
| Mar 31, 2022 | -554.46 Mn |
| Dec 31, 2021 | 922.32 Mn |
| Sep 30, 2021 | 291.81 Mn |