Filing Flows › Coinbase Global (COIN) › Q3 2026
Coinbase Global (COIN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Coinbase Global (COIN) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), -35% from a year earlier and -0.4% from the quarter before. Operating margin was 5.1%, net earnings $719M (59.1% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -0.4% | -35% |
| Operating profit | $61.7M | — | -87% |
| Net earnings | $719M | — | +66% |
| Operating cash flow | $405M | +105% | -43% |
What changed
Revenue was $1.2B in Q3 2026, down 35% year over year and roughly flat from the previous quarter. Subscription and services revenue was the largest line at 47% of revenue. Subscription and services revenue lost $0.15B year over year (down 20%), 22% of the total change.
Operating profit was $0.06B, a 5.1% margin (down 20.6 points year over year). Total costs fell 17% while revenue fell 35%. Net earnings were $0.72B, up 66% year over year. The effective tax rate was 12.8%. Non-operating items added $0.76B, 93% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.41B (down 43% year over year), 56% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.23B of share-based compensation. Working capital and other items used $0.61B.
Questions
What was Coinbase Global's revenue in the third quarter 2026?
Coinbase Global (COIN) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), -35% from a year earlier and -0.4% from the quarter before.
Was Coinbase Global profitable in the third quarter 2026?
Operating profit was $61.7M (5.1% of revenue) and net earnings $719M.
Source: Coinbase Global 10-Q on SEC EDGAR.