Coinbase Global (COIN) Return on Capital Employed [ROCE] (2021 - 2026)
Coinbase Global (COIN) recorded Return on Capital Employed [ROCE] of 3.03% in Q2 2026, down 10.08 percentage points from 13.11% a year earlier and down 0.50 percentage points from the prior quarter.
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Analysis
Coinbase Global (COIN) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Coinbase Global reported Return on Capital Employed [ROCE] of 8.25%, down 13.30 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a four-year change of -135.12 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 21.55% in FY2024 (+21.89 pp), -0.35% in FY2023 and 143.37% in FY2021.
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q4 2024.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in four of the last seven quarters, with an average year-over-year change of +1.98 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 18.30 percentage points in Q3 2024, against a drop of 160.77 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.53% (Q1 2026), 6.58% (Q4 2025) and 12.05% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | 3.03% |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | 17.89% |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 4.02% |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | -11.25% |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | 20.94% |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 8.26% |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 2.55% |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | -82.57% |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 7.92% |
| 10 | Hut 8 | 11.04 Bn | 10.88 Bn | 48.04 Mn | -15.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.03% |
| Mar 31, 2026 | 3.53% |
| Dec 31, 2025 | 6.58% |
| Sep 30, 2025 | 12.05% |
| Jun 30, 2025 | 13.11% |
| Mar 31, 2025 | 14.82% |
| Dec 31, 2024 | 1.55% |
| Sep 30, 2024 | 12.43% |
| Jun 30, 2024 | 2.64% |
| Dec 31, 2023 | -0.25% |
| Sep 30, 2023 | -5.87% |
| Jun 30, 2023 | -13.17% |
| Dec 31, 2022 | -13.81% |
| Sep 30, 2022 | -19.74% |
| Mar 31, 2022 | 15.10% |
| Dec 31, 2021 | 36.43% |
| Sep 30, 2021 | 31.71% |
| Jun 30, 2021 | 66.02% |
| Mar 31, 2021 | 175.87% |
API Access
Coinbase Global Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();