Superworth

Coinbase Global profit margin COIN

Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.

Net margin, 12 months
−15.7%
Operating margin, 12 months
9.9%
Net margin on a year earlier
−56.5 pts
Peer median
28.4%

Over the twelve months to Jun 30, 2026, Coinbase Global kept −15.7% of its revenue as net profit, with an operating margin of 9.9%.

Five years earlier its net margin was 53.5%.

The median for 10 financial data and exchange stocks of a similar size is 28.4%.

Profit margin over time

OperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating margin
FY202517.6%20.0%
FY202439.3%35.1%
FY20233.1%−5.2%
FY2022−82.2%−84.8%
FY202146.2%39.2%
FY202025.2%32.0%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−15.7%−56.5 pts9.9%
Q1 FY2612.2%−8.9 pts10.8%
Q4 FY2517.6%−21.7 pts20.0%
Q3 FY2541.9%+12.2 pts28.6%
Q2 FY2540.8%+9.4 pts26.9%
Q1 FY2521.1%−12.9 pts32.4%
Q4 FY2439.3%+36.2 pts35.1%
Q3 FY2429.8%+56.2 pts26.5%
Q2 FY2431.5%+78.8 pts24.2%
Q1 FY2434.0%+115.2 pts18.2%
Q4 FY233.1%+85.2 pts−5.2%
Q3 FY23−26.4%−2.2 pts−29.9%

Against its peers

Companies in Financial - Data & Stock Exchanges nearest Coinbase Global's size, closest first, today.

CompanyProfit margin
COINCoinbase Global−15.7%
MSCIMSCI40.7%
CBOECboe Global Markets26.7%
NDAQNasdaq22.5%
MCOMoody's34.3%
ICEIntercontinental Exchange30.1%
CMECME63.9%
TRUTransUnion15.1%
SPGIS&P Global30.5%
SNEXStoneX0.3%
BGCBGC6.0%
Peer median28.4%

Where Coinbase Global ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Coinbase Global

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.