Coinbase Global, Inc. COIN

195.11 (4.10) (2.06%) as of 25 Sep
Market cap
$52.3B
P/E
0.0×
Indexes indicate stock being part of an index

Coinbase Global, Inc. (COIN) Operating margin

Coinbase Global, Inc.'s operating margin over the twelve months to 30 June 2026 was 9.86%, down 10.1 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 29.6% and above the Financial sector median of 0.00%.

Operating margin, annual

Annual

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

Period Operating margin Change (points)
Jun 2026 −9.30% (7.78)
Mar 2026 −1.52% (16.89)
Dec 2025 15.4% (10.34)
Sep 2025 25.7% 27.36
23 more quarters

Against its own ten years

Low −84.9% High 39.2%
Ten-year median 0.00%
Current reading's percentile 73

Operating margin against peers

Company Operating margin
CME CME Group Inc. compare 65.1%
MSCI MSCI Inc compare 55.7%
ICE Intercontinental Exchange Inc. compare 51.8%
MCO Moody's Corporation compare 44.8%
SPGI S&P Global Inc. compare 44.4%
CBOE Cboe Global Markets, Inc. compare 34.7%
NDAQ Nasdaq, Inc. compare 29.6%
TRU TransUnion compare 18.7%
COIN Coinbase Global, Inc. 9.86%
Financial Data & Stock Exchanges industry median 29.6%
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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