Filing Flows › Coinbase Global (COIN) › Operating margin
Coinbase Global (COIN) operating margin by quarter
Coinbase Global's operating margin was 5.1% in Q3 2026 (third quarter 2026), -20.6 pts from Q3 2025. Over the last 3 quarters it ranged from 5.1% (Q3 2026) to 34.7% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 5.1% | -20.6 pts | -20.6 pts |
| Q3 2025 | 25.7% | -9.0 pts | — |
| Q1 2025 | 34.7% | — | — |
Q3 2026 at a glance
Coinbase Global, Q3 2026: revenue $1.2B (-35% year over year), operating margin 5.1%, net earnings $719M, operating cash flow $405M. The chart follows the revenue to costs, profit and cash.
Questions
What is Coinbase Global's operating margin?
Coinbase Global's operating margin was 5.1% in Q3 2026 (third quarter 2026), -20.6 pts from Q3 2025.
How has Coinbase Global's operating margin changed?
Over the last 3 quarters it ranged from 5.1% (Q3 2026) to 34.7% (Q1 2025).