Coinbase Global (COIN) Tax Rate (2020 - 2025)
Coinbase Global (COIN) posted Tax Rate of 9.09% for Q2 2026, down 12.56 percentage points from 21.65% a year earlier and down 6.10 percentage points from the prior quarter.
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Analysis
Coinbase Global (COIN) Tax Rate (2020 - 2025) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Coinbase Global was 20.62%, up 3.03 percentage points year-over-year; for FY2025, it was 17.20%, up 4.84 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -4.04 percentage points (FY2020 to FY2025).
- In prior years, Coinbase Global's Tax Rate was 12.36% in FY2024 (-211.10 pp), 223.46% in FY2023 (+209.11 pp), 14.35% in FY2022 (+34.07 pp) and -19.73% in FY2021 (-40.96 pp).
- The Q2 2026 figure stands as the lowest quarterly Tax Rate since Q3 2024.
- On a year-over-year basis, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of -14.50 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q2 2024, with a gain of 183.81 percentage points; the weakest was Q2 2025, with a drop of 138.36 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 15.19% (Q1 2026), 24.77% (Q4 2025) and 13.86% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | - |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 15.73% |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 71.11% |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | - |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 26.96% |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | 20.13% |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 30.70% |
| 10 | Hut 8 | 10.61 Bn | 10.45 Bn | 48.04 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 13.86% |
| Jun 30, 2025 | 21.65% |
| Mar 31, 2025 | 20.43% |
| Dec 31, 2024 | 13.74% |
| Mar 31, 2024 | 18.17% |
| Sep 30, 2023 | 106.53% |
| Dec 31, 2021 | 5.65% |
| Mar 31, 2021 | 22.60% |
| Dec 31, 2020 | 24.05% |
| Sep 30, 2020 | 20.85% |
| Jun 30, 2020 | 16.87% |
| Mar 31, 2020 | 8.41% |
API Access
Coinbase Global Tax Rate 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=tax-rate&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();