Coinbase Global, Inc. COIN

195.11 (4.10) (2.06%) as of 25 Sep
Market cap
$52.3B
P/E
0.0×
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Coinbase Global, Inc. (COIN) Gross margin

Coinbase Global, Inc.'s gross margin over the twelve months to 30 June 2026 was 86.4%, up 0.6 percentage points from fiscal 2025 (85.8%). Over the past ten years it has ranged from 0.00% (fiscal 2022) to 89.4% (fiscal 2020); the current reading is higher than 73% of that period. That is above the Financial Data & Stock Exchanges industry median of 70.9% and above the Financial sector median of 69.9%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 85.8% (0.53)
FY2024 86.3% (0.15)
FY2023 86.5% 6.19
FY2022 80.3% 80.28
FY2022 0.00% (83.83)
FY2021 83.8% 83.83
FY2021 0.00% (89.39)
FY2020 89.4% 89.39
FY2020 0.00% (84.63)
FY2019 84.6% 84.63

Quarterly

Period Gross margin Change (points)
Jun 2026 84.4% (1.70)
Mar 2026 86.1% (1.59)
Dec 2025 87.7% 1.29
Sep 2025 86.4% 2.82
23 more quarters

Against its own ten years

Low 0.00% High 89.4%
Ten-year median 83.8%
Current reading's percentile 73

Gross margin against peers

Company Gross margin
CME CME Group Inc. compare 100.0%
ICE Intercontinental Exchange Inc. compare 98.6%
COIN Coinbase Global, Inc. 86.4%
MSCI MSCI Inc compare 83.0%
MCO Moody's Corporation compare 75.0%
SPGI S&P Global Inc. compare 70.9%
NDAQ Nasdaq, Inc. compare 64.3%
TRU TransUnion compare 58.7%
CBOE Cboe Global Markets, Inc. compare 54.1%
Financial Data & Stock Exchanges industry median 70.9%
Financial sector median 69.9%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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