Coinbase Global (COIN) Return on Capital Employed [ROCE] (2021 - 2026)
Coinbase Global (COIN) recorded Return on Capital Employed [ROCE] of 1.02% in Q3 2026, down 11.03 percentage points from 12.05% a year earlier and down 2.01 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 Q3 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q4 2023.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for three consecutive quarters, with an average year-over-year change of -2.21 percentage points over the last seven quarters.
- 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 3.03% (Q2 2026), 3.53% (Q1 2026) and 6.58% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.73 Bn | 23.47 Bn | 3.24 Bn | 4.10% |
| 2 | PayPal Holdings | 49.20 Bn | 7.90 Bn | - | 17.00% |
| 3 | Coinbase Global | 34.98 Bn | -4.66 Bn | - | 1.02% |
| 4 | Fiserv | 33.69 Bn | 30.91 Bn | 2.76 Bn | -4.21% |
| 5 | Corpay | 29.61 Bn | 18.75 Bn | - | 20.60% |
| 6 | Global Payments | 26.89 Bn | 2.34 Bn | 2.01 Bn | 1.58% |
| 7 | Iren | 16.06 Bn | 1.16 Bn | 182.00 Mn | -8.11% |
| 8 | Guidewire Software | 12.75 Bn | 9.31 Bn | 269.68 Mn | 7.92% |
| 9 | Chime Financial | 12.47 Bn | 8.16 Bn | 646.07 Mn | 2.85% |
| 10 | Jack Henry & Associates | 12.20 Bn | 12.11 Bn | 325.50 Mn | 24.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.02% |
| 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();