Filing Flows › Coinbase Global (COIN) › Q2 2026
Coinbase Global (COIN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Coinbase Global (COIN) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), -19% from a year earlier and -14% from the quarter before. Operating margin was -9.3%, net loss $359M (29.5% of revenue).
Coinbase Global, Q2 2026: revenue $1.2B (-18% year over year), operating margin -9.3%, net loss $359M, operating cash flow $197M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -14% | -19% |
| Operating profit | −$113M | — | — |
| Net earnings | −$359M | — | -125% |
| Operating cash flow | $197M | +8% | -18% |
What changed
Revenue was $1.2B in Q2 2026, down 19% year over year and down 14% from the previous quarter. Transaction revenue was the largest line at 49% of revenue. Transaction revenue lost $0.17B year over year (down 22%), 60% of the total change.
Operating costs exceeded revenue by $0.11B, an operating margin of -9.3%. Total costs fell 12% while revenue fell 19%. The fastest-growing cost line was Research & development (+22%). The quarter ended with a net loss of $0.36B, narrower than the previous quarter's $0.39B loss. Net interest and other expense of $0.28B was the main reason.
Operating cash flow was $0.20B (down 18% year over year). Non-cash charges added back $0.06B of depreciation and amortization and $0.24B of share-based compensation. Working capital and other items added $0.25B.
Questions
What was Coinbase Global's revenue in the second quarter 2026?
Coinbase Global (COIN) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), -19% from a year earlier and -14% from the quarter before.
Was Coinbase Global profitable in the second quarter 2026?
Operating loss was $113M (-9.3% of revenue) and net loss $359M.
Source: Coinbase Global 10-Q on SEC EDGAR.