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Coinbase Global (COIN) Operating Margin (2020 - 2025)

Historic Operating Margin for Coinbase Global (COIN) over the last 6 years, with Q4 2025 value amounting to 15.37%.

  • Coinbase Global's Operating Margin fell 301500.0% to 15.37% in Q4 2025 from the same period last year, while for Dec 2025 it was 19.99%, marking a year-over-year decrease of 151600.0%. This contributed to the annual value of 19.99% for FY2025, which is 151600.0% down from last year.
  • Latest data reveals that Coinbase Global reported Operating Margin of 15.37% as of Q4 2025, which was down 301500.0% from 25.71% recorded in Q3 2025.
  • In the past 5 years, Coinbase Global's Operating Margin ranged from a high of 54.84% in Q1 2021 and a low of 129.2% during Q2 2022
  • In the last 5 years, Coinbase Global's Operating Margin had a median value of 14.72% in 2025 and averaged 1.41%.
  • Per our database at Business Quant, Coinbase Global's Operating Margin plummeted by -1684700bps in 2022 and then surged by 1188100bps in 2023.
  • Quarter analysis of 5 years shows Coinbase Global's Operating Margin stood at 36.92% in 2021, then crashed by -339bps to 88.2% in 2022, then surged by 114bps to 12.12% in 2023, then skyrocketed by 276bps to 45.52% in 2024, then crashed by -66bps to 15.37% in 2025.
  • Its Operating Margin was 15.37% in Q4 2025, compared to 25.71% in Q3 2025 and 1.65% in Q2 2025.