Coinbase Global Inc.: Mixed — EPS $2.51, Revenue $1.22B
Mixed ResultQ3 2026 · After-market
Did Coinbase Global Inc. (COIN) beat earnings today?
It was a mixed report for Q3 2026 — Coinbase Global Inc. (COIN) beat on EPS but missed on revenue.
Earnings Per Share+2610.00% surprise
$2.51Actual
Expected: -$0.10
vs. year ago +66.0%
Total Revenue-1.17% surprise
$1.22BActual
Expected: $1.23B
vs. year ago -34.9%
Released Oct 29 · 4:11 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Total revenue | $1.22B | $1.87B | -35.0% |
| Revenue detail — reported lines | |||
| └─Net revenue | $1.16B | $1.76B | -34.0% |
| └─Other revenue | $55.12M | $105.84M | -48.0% |
| Net income | $718.70M | $432.55M | +66.0% |
| Basic EPS | $2.72 | $1.65 | +66.0% |
| Diluted EPS | $2.51 | $1.50 | +67.0% |
Financial Outlook / Guidance
| Metric | Q4'26 Outlook | Current 2026 Outlook |
|---|---|---|
| Transaction Revenue | ~$165M QTD (through October 25) | — |
| S&S Revenue | $550M-$630M | — |
| Transaction Expenses | Mid-teens % of net revenue | — |
| Adjusted Expenses | $1,007M-$1,157M | $4,150M-$4,300M (prev. $4,200M-$4,450M) |
| Stock-based Compensation | ~$240M | — |
Business Highlights
- ➤Completed INTX/Deribit integration in October, creating a unified regulated global exchange.
- ➤Plans to relaunch Coinbase Pro in Q4 with spot, futures, perpetuals, options, and equities.
- ➤Prediction markets expanded contract mix beyond sports and added recurring crypto-volatility contracts.
- ➤Prediction-market roadmap includes event hubs, CB1 integration, and a prosumer product.
- ➤Building toward USDC-native, in-house clearing and end-to-end prediction-market infrastructure.
- ➤Base ranked #1 L2 for spot crypto trading in Q3.
- ➤Base ranked #1 L2 in DeFi total value locked as of Q3.
- ➤Launched tokenized stocks on Base, surpassing $1B volume since launch.
- ➤Returned more than $2.0B to shareholders and repurchased 10.2M Class A shares.
- ➤Maintained $2.0B of remaining repurchase authorization.
- ➤Coinbase One reached a new all-time high in paid subscribers.
- ➤Coinbase Developer Platform provides full-stack stablecoin payment solutions for businesses.