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COIN · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue fell 18.5% y/y to $1.22B, operating margin −9.3% vs −1.6%, net loss $360M (vs net income $1.43B a year earlier).
All figures in $M.
| Line item | Amount and change |
|---|---|
| Total revenues | $1,220 · −18.5% |
| Income Tax Benefit | $35.9 · −90.9% |
| Net income attributable to the company | $360 · vs $1,429 |
| Costs and expenses (calculated) | $1,334 · −12.4% |
| Other income (expense), net (calculated) | $282 · −84.7% |
Verdict: revenue fell 18.5% y/y to $1.22B, operating margin −9.3% vs −1.6%, net loss $360M (vs net income $1.43B a year earlier).
Source and notation
Source: SEC XBRL of Coinbase Global's 10-Q (SEC EDGAR); revenue and net income are confirmed by the 8-K press release of 07/30/2026. The release carries no income statement, so the chart is built from XBRL totals: costs and other items are calculated as differences between reported totals.
Open as an image: COIN, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “COIN Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/coin/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/coin/q2-2026"><img src="https://whoreportstoday.com/t/coin/q2-2026/sankey.png" alt="COIN Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/coin/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/coin/q2-2026">COIN Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating loss was $114M, a −9.3% margin vs −1.6% a year earlier.
- The effective tax rate was 9.1% vs 21.7% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
COIN — a crypto platform that lets retail customers, institutions and developers buy, sell, store and use crypto assets and, more recently, trade stocks, futures and prediction markets.
It earns mainly from transaction fees, plus subscription and services revenue such as stablecoin income, staking and custody, and reports a single segment. · Source: annual report (Form 10-K, SEC)
Heads-up
- a net loss in Q2 2026 ($360 · vs $1,429)
- revenue fell 19% y/y in Q2 2026
Net loss for Q2 2026: $360M. Based on the Q2 2026 report.
The company's report ↗Revenue for Q2 2026: $1,220M, −19% y/y. In the report's figures: segments down: Income Tax Benefit −91% y/y. Based on the Q2 2026 report.
The company's report ↗More reports: CPAY · Q2 2026 · EG · Q3 2026 · ERIE · Q3 2026 · FDS · Q4 FY2026 · FIS · Q2 2026 · FISV · Q2 2026 · FITB · Q3 2026 · GL · Q3 2026 · GPN · Q2 2026 · GS · Q3 2026 · all reports