Coinbase Global (COIN) Return on Invested Capital [ROIC] (2021 - 2026)
Coinbase Global (COIN) recorded Return on Invested Capital [ROIC] of 0.76% in Q3 2026, down 8.39 percentage points from 9.15% a year earlier and down 1.65 percentage points from the prior quarter.
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Analysis
Coinbase Global (COIN) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Coinbase Global reported Return on Invested Capital [ROIC] of 6.37%, down 10.38 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a four-year change of -50.98 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 16.75% in FY2024 (+16.75 pp), 0.00% in FY2023 (+24.94 pp), -24.94% in FY2022 (-82.29 pp) and 57.34% in FY2021.
- The Q3 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] since Q4 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for five consecutive quarters, with an average year-over-year change of -1.80 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 28.01 percentage points in Q1 2024, against a drop of 59.23 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 2.41% (Q2 2026), 2.66% (Q1 2026) and 5.20% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.56 Bn | 23.34 Bn | 3.24 Bn | 2.52% |
| 2 | PayPal Holdings | 50.29 Bn | 8.99 Bn | - | 14.60% |
| 3 | Coinbase Global | 35.53 Bn | -4.11 Bn | - | 0.76% |
| 4 | Fiserv | 33.43 Bn | 30.64 Bn | 2.76 Bn | -4.41% |
| 5 | Corpay | 29.86 Bn | 18.68 Bn | - | 11.41% |
| 6 | Global Payments | 25.78 Bn | 604.58 Mn | 2.01 Bn | 0.00% |
| 7 | Guidewire Software | 13.57 Bn | 10.14 Bn | 269.68 Mn | 6.58% |
| 8 | Jack Henry & Associates | 12.44 Bn | 12.35 Bn | 273.85 Mn | 22.66% |
| 9 | Chime Financial | 11.95 Bn | 7.64 Bn | 646.07 Mn | 3.07% |
| 10 | Bitmine Immersion Technologies | 10.38 Bn | 7.76 Bn | 40.81 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.76% |
| Jun 30, 2026 | 2.41% |
| Mar 31, 2026 | 2.66% |
| Dec 31, 2025 | 5.20% |
| Sep 30, 2025 | 9.15% |
| Jun 30, 2025 | 10.01% |
| Mar 31, 2025 | 14.08% |
| Dec 31, 2024 | 14.52% |
| Sep 30, 2024 | 10.75% |
| Jun 30, 2024 | 8.79% |
| Mar 31, 2024 | 5.93% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | -8.67% |
| Jun 30, 2023 | -12.63% |
| Mar 31, 2023 | -22.08% |
| Dec 31, 2022 | -25.99% |
| Sep 30, 2022 | -10.37% |
| Jun 30, 2022 | -1.62% |
| Mar 31, 2022 | 15.62% |
| Dec 31, 2021 | 33.24% |
API Access
Coinbase Global Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();