Coinbase Global (COIN) Operating Income (2020 - 2026)
Coinbase Global (COIN) reported Operating Income of -$21.4 million for Q1 2026, down 103.03% year-over-year from $705.8 million in Q1 2025, and down 107.82% on a QoQ basis from $273.8 million in Q4 2025.
Coinbase Global (COIN) has 7 years of Operating Income data on file, last reported at -$21.4 million in Q1 2026.
- Quarterly Operating Income fell 103.03% year-over-year to -$21.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $708.2 million (down 68.56% YoY) and the FY2025 annual result came in at $1.4 billion, down 37.78% from the prior year.
- Operating Income retreated to -$21.4 million in Q1 2026 per COIN's latest filing, from $273.8 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.
- The 5-year median for Operating Income is -$21.4 million (2026), against an average of $50.0 million.
- The widest annual swing landed in 2022, when Operating Income slumped 290.7%; it then jumped 794.42% in 2024.
- Tracing COIN's Operating Income over 5 years: 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 tumbled by 73.53% to $273.8 million in 2025, then plunged by 107.82% to -$21.4 million in 2026.
- Per Business Quant, the three latest COIN Operating Income figures stand at -$21.4 million (Q1 2026), $273.8 million (Q4 2025), and $480.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 2.00 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 1.31 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 1.67 Bn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 922.00 Mn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 657.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -21.42 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 456.90 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 505.60 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 244.80 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 184.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 874.73 Mn |
| Mar 31, 2021 | 987.71 Mn |
| Dec 31, 2020 | 226.59 Mn |
| Sep 30, 2020 | 101.51 Mn |
| Jun 30, 2020 | 42.09 Mn |
| Mar 31, 2020 | 38.78 Mn |