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Growth Metrics

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

Historic Operating Margin for Coinbase Global (COIN) over the last 6 years, with Q3 2025 value amounting to 25.71%.

  • Coinbase Global's Operating Margin rose 116500.0% to 25.71% in Q3 2025 from the same period last year, while for Sep 2025 it was 28.62%, marking a year-over-year increase of 21500.0%. This contributed to the annual value of 35.15% for FY2024, which is 403500.0% up from last year.
  • As of Q3 2025, Coinbase Global's Operating Margin stood at 25.71%, which was up 116500.0% from 1.65% recorded in Q2 2025.
  • Coinbase Global's Operating Margin's 5-year high stood at 54.84% during Q1 2021, with a 5-year trough of 129.2% in Q2 2022.
  • Its 5-year average for Operating Margin is 2.3%, with a median of 14.07% in 2024.
  • Per our database at Business Quant, Coinbase Global's Operating Margin tumbled by -1684700bps in 2022 and then soared by 1188100bps in 2023.
  • Quarter analysis of 5 years shows Coinbase Global's Operating Margin stood at 36.92% in 2021, then plummeted by -339bps to 88.2% in 2022, then soared by 114bps to 12.12% in 2023, then surged by 276bps to 45.52% in 2024, then crashed by -44bps to 25.71% in 2025.
  • Its Operating Margin stands at 25.71% for Q3 2025, versus 1.65% for Q2 2025 and 34.7% for Q1 2025.