Coinbase Q3 FY2026: revenue $1.22B, net income $718.7M
Coinbase's Q3 looks like a profit rebound, but the operating business was soft: revenue fell 35.0% year over year to $1.22 billion and operating income was only $61.7 million, while net income of $718.7 million leaned on a $715.0 million crypto investment gain. Read it as cost discipline plus mark-to-market swings, not a demand recovery.
1 · Expected vs. Actual
Free preview belowDiluted EPS was $2.51, versus the consensus estimate of -$0.0584. Net income was $718.7 million, aided by $715.0 million of gains on crypto assets held for investment; operating income was $61.7 million. That gap means EPS is not a clean read on the core business.
Revenue was $1.22 billion, flat quarter over quarter and down 35.0% from $1.87 billion a year earlier. Transaction revenue was $590.2 million, down 1.0% QoQ and 44.0% YoY, while subscription and services revenue was $570.2 million, up 3.0% QoQ but down 20.0% YoY. Gross margin was 84.0%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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