Coinbase Global, Inc.

COIN Financial Financial Data & Stock Exchanges

Coinbase Global, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, up 9.40% from fiscal 2024.

Revenue
−35.0%
EPS
+64.9%
Free cash flow
−45.5%
Total debt
+55.0%

Quarter to September 2026, against a year earlier

133.93 2.89 −2.11%
Market cap
$36.2B
P/E
0.0×
Fwd P/E
−1,104×
Dividend yield
—
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Coinbase Global, Inc. (COIN) Operating margin

Alert me on Operating margin

Coinbase Global, Inc.'s operating margin over the twelve months to 30 September 2026 was 3.56%, down 16.4 percentage points from fiscal 2025 (20.0%). Over the past ten years it has ranged from −84.9% (fiscal 2022) to 39.2% (fiscal 2021); the current reading is higher than 73% of that period. That is below the Financial Data & Stock Exchanges industry median of 29.1% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 20.0% (15.16)
FY2024 35.2% 40.35
FY2023 −5.20% 79.65
FY2022 −84.9% (84.85)
FY2022 0.00% (39.24)
FY2021 39.2% 39.24
FY2021 0.00% (32.01)
FY2020 32.0% 32.01
FY2020 0.00% 8.58
FY2019 −8.58% (8.58)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 5.07% 14.37
Jun 2026 −9.30% (7.78)
Mar 2026 −1.52% (16.89)
Dec 2025 15.4% (10.34)
24 more quarters

Against its own ten years

Low −84.9% High 39.2%
Ten-year median 0.00%
Current reading's percentile 33

Operating margin against peers

Company Operating margin
CME CME Group Inc. compare 65.7%
MSCI MSCI Inc compare 55.7%
ICE Intercontinental Exchange Inc. compare 52.3%
MCO Moody's Corporation compare 44.6%
CBOE Cboe Global Markets, Inc. compare 36.4%
NDAQ Nasdaq, Inc. compare 29.9%
FDS FactSet Research Systems Inc. compare 28.3%
TRU TransUnion compare 19.3%
COIN Coinbase Global, Inc. 3.56%
Financial Data & Stock Exchanges industry median 29.1%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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