Coinbase Global (COIN) Research & Development (2020 - 2026)
Coinbase Global (COIN) recorded Research & Development of $447.38 million in Q3 2026, up 3.9% from $430.59 million a year earlier but down 5.4% from the prior quarter.
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Analysis
Coinbase Global (COIN) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, Coinbase Global's Research & Development came in at $1.94 billion as of Sep 30, 2026, up 26.0% year-over-year; for FY2025, it came in at $1.67 billion, up 13.8% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 43.8% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $1.47 billion in FY2024 (+10.8%), $1.32 billion in FY2023 (-43.1%), $2.33 billion in FY2022 (+80.1%) and $1.29 billion in FY2021 (+375.3%).
- Quarterly Research & Development has ranged from $320.67 million in Q2 2023 to $609.25 million in Q2 2022 over the past five years.
- On a year-over-year basis, Research & Development has increased for six consecutive quarters, with growth averaging 17.8% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 407.9% in Q4 2021, against a decline of 47.4% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $472.85 million (Q2 2026), $525.65 million (Q1 2026) and $497.33 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 52.19 Bn | 23.96 Bn | 3.24 Bn | 635.59 Mn |
| 2 | PayPal Holdings | 50.03 Bn | 8.73 Bn | - | 831.00 Mn |
| 3 | Coinbase Global | 35.13 Bn | -4.52 Bn | - | 447.38 Mn |
| 4 | Fiserv | 33.23 Bn | 30.43 Bn | 2.76 Bn | - |
| 5 | Corpay | 29.63 Bn | 18.45 Bn | - | - |
| 6 | Global Payments | 26.81 Bn | 1.63 Bn | 2.01 Bn | - |
| 7 | Guidewire Software | 13.13 Bn | 9.70 Bn | 269.68 Mn | 90.59 Mn |
| 8 | Chime Financial | 12.34 Bn | 8.03 Bn | 646.07 Mn | 119.43 Mn |
| 9 | Jack Henry & Associates | 12.26 Bn | 12.16 Bn | 273.85 Mn | 49.83 Mn |
| 10 | Bitmine Immersion Technologies | 10.03 Bn | 7.41 Bn | 40.81 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 447.38 Mn |
| Jun 30, 2026 | 472.85 Mn |
| Mar 31, 2026 | 525.65 Mn |
| Dec 31, 2025 | 497.33 Mn |
| Sep 30, 2025 | 430.59 Mn |
| Jun 30, 2025 | 387.32 Mn |
| Mar 31, 2025 | 355.37 Mn |
| Dec 31, 2024 | 368.69 Mn |
| Sep 30, 2024 | 377.44 Mn |
| Jun 30, 2024 | 364.26 Mn |
| Mar 31, 2024 | 357.86 Mn |
| Dec 31, 2023 | 323.09 Mn |
| Sep 30, 2023 | 322.76 Mn |
| Jun 30, 2023 | 320.67 Mn |
| Mar 31, 2023 | 358.03 Mn |
| Dec 31, 2022 | 590.10 Mn |
| Sep 30, 2022 | 556.34 Mn |
| Jun 30, 2022 | 609.25 Mn |
| Mar 31, 2022 | 570.66 Mn |
| Dec 31, 2021 | 459.61 Mn |
API Access
Coinbase Global Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "COIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();