Coinbase Global (COIN) Operating Margin (2020 - 2026)

Coinbase Global (COIN) has 7 years of Operating Margin data on file, last reported at 1.52% in Q1 2026.

• On a quarterly basis, Operating Margin fell 3621.0% year-over-year to 1.52% in Q1 2026; TTM through Mar 2026 was 10.8%, a 2156.0% decrease from a year earlier, with the FY2025 full-year figure at 19.99%, down 1516.0% from the prior year.
• Operating Margin for Q1 2026 stood at 1.52%, down from 15.37% in the prior quarter.
• Over the last five years, Operating Margin for COIN reached as high as 645.88% in Q4 2023 and fell as low as 129.2% in Q2 2022.
• Historically, Operating Margin has averaged 26.51% across 5 years, with a median of 1.52% in 2026.
• Across the five-year window, Operating Margin jumped 73408 bps in 2023 and slumped 60036 bps in 2024, its largest moves.
• Year by year, Operating Margin stood at 88.2% in 2022, then surged by 832 bps to 645.88% in 2023, then plunged by 93 bps to 45.52% in 2024, then slumped by 66 bps to 15.37% in 2025, then plunged by 110 bps to 1.52% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 1.52% in Q1 2026, 15.37% in Q4 2025, and 25.71% in Q3 2025.