Coinbase Global (COIN) Research & Development (2020 - 2026)
Coinbase Global (COIN) posted quarterly Research & Development of $472.8 million for Q2 2026, up 22.08% year-over-year from $387.3 million in Q2 2025, and down 10.04% quarter-over-quarter from $525.6 million in Q1 2026.
Coinbase Global (COIN) Research & Development (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Research & Development for 7 consecutive years, with $472.8 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Research & Development rose 22.08% year-over-year to $472.8 million; the TTM figure through Jun 2026 stood at $1.9 billion (up 29.39% YoY), while the FY2025 annual figure was $1.7 billion, up 13.78% from the prior year.
- Research & Development declined to $472.8 million in Q2 2026 per COIN's latest filing, from $525.6 million in the prior quarter.
- Across five years, Research & Development topped out at $609.2 million in Q2 2022 and bottomed at $320.7 million in Q2 2023.
- Historically, Research & Development has averaged $432.7 million across 5 years, with a median of $382.4 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development surged 143.8% — and 2023, when it plunged 47.37%.
- Coinbase Global's Research & Development stood at $590.1 million in 2022, then plunged by 45.25% to $323.1 million in 2023, then rose by 14.12% to $368.7 million in 2024, then surged by 34.89% to $497.3 million in 2025, then decreased by 4.92% to $472.8 million in 2026.
- Business Quant data shows COIN's Research & Development at $472.8 million in Q2 2026, $525.6 million in Q1 2026, and $497.3 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.61 Bn | 123.47 Bn | 2.98 Bn | - |
| 2 | Cme | 97.52 Bn | 97.52 Bn | 1.65 Bn | 83.30 Mn |
| 3 | Intercontinental Exchange | 89.57 Bn | 87.62 Bn | - | 242.00 Mn |
| 4 | Moodys | 86.76 Bn | 85.26 Bn | 1.67 Bn | - |
| 5 | Nasdaq | 54.95 Bn | 54.24 Bn | 1.50 Bn | 88.00 Mn |
| 6 | Coinbase Global | 45.29 Bn | 36.50 Bn | 1.16 Bn | 472.85 Mn |
| 7 | Msci | 41.31 Bn | 40.96 Bn | 717.10 Mn | 87.40 Mn |
| 8 | Cboe Global Markets | 30.95 Bn | 28.56 Bn | 731.60 Mn | 26.20 Mn |
| 9 | TransUnion | 16.34 Bn | 15.50 Bn | 765.00 Mn | - |
| 10 | Factset Research Systems | 10.81 Bn | 10.51 Bn | 310.73 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 472.85 Mn |
| Mar 31, 2026 | 266.73 Mn |
| Dec 31, 2025 | 314.78 Mn |
| Sep 30, 2025 | 430.59 Mn |
| Jun 30, 2025 | 236.25 Mn |
| Mar 31, 2025 | 355.37 Mn |
| Dec 31, 2024 | 225.83 Mn |
| Sep 30, 2024 | 377.44 Mn |
| Jun 30, 2024 | 165.26 Mn |
| Mar 31, 2024 | 98.59 Mn |
| Dec 31, 2023 | 106.31 Mn |
| Sep 30, 2023 | 90.58 Mn |
| Jun 30, 2023 | 320.67 Mn |
| Mar 31, 2023 | 63.98 Mn |
| Dec 31, 2022 | 590.10 Mn |
| Sep 30, 2022 | 75.89 Mn |
| Jun 30, 2022 | 609.25 Mn |
| Mar 31, 2022 | 200.20 Mn |
| Dec 31, 2021 | 501.18 Mn |
| Sep 30, 2021 | 356.26 Mn |