Coinbase (COIN) stock
Financials · Financial Exchanges & Data
Coinbase (COIN) is a Financial Exchanges & Data company in the Financials sector, headquartered in New York City, New York. As of October 23, 2026, COIN closed at $164.45, a market capitalization of $43.39 billion, the 259th largest company in the S&P 500. Over the last twelve months it generated $6.04 billion in revenue (-17% year over year) and $1.71 billion in free cash flow.
- 1-year total return: -49.0% (dividends reinvested)
- 5-year return: -11.4% a year
- 52-week range: $139.11 – $373.25
- Gross margin 85.8%, operating margin -13.9%
- FI Handbook report card: C- across 10 metrics
- 43rd largest of 76 Financials stocks in the S&P 500
COIN price chart
1Y price change: -49.0% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| COIN | -17.0% | -27.3% | -49.0% | +28.7% | -11.4% | — | -11.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2021.
COIN key statistics
- Market cap
- $43.4B
- #259 in S&P 500
- P/E (TTM)
- —
- Forward P/E
- 53.5x
- EPS (TTM)
- $-3.84
- Revenue (TTM)
- $6.0B
- -17%
- Free cash flow
- $1.7B
- Gross margin
- 85.8%
- Operating margin
- -13.9%
- Return on equity
- -7.8%
- Dividend yield
- None
- 52-week range
- $139.11 – $373.25
- Beta
- 3.41
- Price / sales
- 7.2x
- EV / EBITDA
- 59.0x
- Debt / equity
- 0.51x
- Employees
- 4,951
COIN report card
C-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-17.3%F
- Gross margin85.8%A
- Operating margin-13.9%F
- FCF margin28.4%A
- Return on equity-7.8%F
- Net debt / EBITDA-3.0xA
- Forward P/E53.5xF
- PEG ratio2.4xD
- Shareholder yield1.8%C
- Share count change / yr25.8%F
Coinbase Global financials
Revenue went from $533.7M in fiscal 2019 to $7.2B in fiscal 2025, growing 54.2% a year.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $533.7M | $1.3B | $7.8B | $3.2B | $3.1B | $6.6B | $7.2B |
| Operating income | -$45.8M | $409.0M | $3.1B | -$2.7B | -$161.7M | $2.3B | $1.4B |
| Net income | -$30.4M | $322.3M | $3.6B | -$2.6B | $94.9M | $2.6B | $1.3B |
| EPS (diluted) | $-0.50 | $1.40 | $14.50 | $-11.83 | $0.37 | $9.48 | $4.45 |
| Free cash flow | -$114.1M | $283.6M | $4.0B | -$1.6B | — | — | — |
| Buybacks | — | — | — | — | $0 | $0 | $790.2M |
| Diluted shares | 61.3M | 91.2M | 220.0M | 222.3M | 254.4M | 273.4M | 287.2M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into COIN?
A reverse DCF asks what growth the current price requires. With an enterprise value of $41.3B and $1.7B of trailing free cash flow, Coinbase Global needs to grow free cash flow about 15.2% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 37.0x vs. median 40.9x (10th–90th percentile 4.5x–603.5x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
COIN earnings
Next report: October 29, 2026. Last quarter's revenue was $1.2B (-19% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $-0.23 | $-1.36 | -487.5% |
| May 7, 2026 | $0.04 | $-1.49 | -3458.9% |
| Feb 12, 2026 | $0.94 | $-2.49 | -364.9% |
| Oct 30, 2025 | $1.13 | $1.50 | +32.3% |
| Jul 31, 2025 | $1.49 | $5.14 | +245.6% |
| May 8, 2025 | $1.90 | $0.24 | -87.4% |
| Feb 13, 2025 | $2.04 | $4.68 | +129.0% |
| Oct 30, 2024 | $0.42 | $0.28 | -33.3% |
Stocks like COIN
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 SPGI S&P Global | -0.62% | -1% | $132.8B | 27.4x | Compare |
 CME CME | -0.09% | +18% | $109.4B | 25.1x | Compare |
 ICE Intercontinental Exchange | -0.67% | +5% | $91.4B | 23.0x | Compare |
 MCO Moody's | -1.55% | +2% | $83.4B | 28.9x | Compare |
 NDAQ Nasdaq | -0.72% | +17% | $57.3B | 28.0x | Compare |
 MSCI MSCI | -0.74% | +16% | $44.8B | 31.7x | Compare |
 CBOE Cboe Global Markets | +3.88% | +45% | $35.6B | 26.5x | Compare |
 FDS FactSet Research Systems | -1.23% | +18% | $11.8B | 22.7x | Compare |
COIN news
- Coinbase Q3 Earnings Preview: Can Crypto’s Rebound Save COIN From A Fourth Consecutive Miss Oct. 29? · Oct 25, 2026
- Coinbase Global (COIN) Expands Payments Reach As Its Valuation Debate Deepens · Oct 24, 2026
- Coinbase Stock Is Down 31% This Year. Should You Buy the Drop? · Oct 24, 2026
- Top Blockchains Continue to See Rapid Growth in AI Agent Payments. This Is the 1 Crypto You Need to Buy Right Now. · Oct 24, 2026
- Ethereum ETFs Have Lost $1.1 Billion in Three Weeks. What Would Bring Buyers Back? · Oct 24, 2026
COIN stock FAQ
What is COIN's market cap?
Coinbase's market capitalization is $43.39 billion as of October 23, 2026, ranking 259th in the S&P 500.
Does COIN pay a dividend?
No. Coinbase does not currently pay a regular cash dividend.
How much has COIN stock returned?
Including reinvested dividends, COIN returned -49.0% over one year, -11.4% a year over five years through October 23, 2026.
Is COIN stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Coinbase must grow free cash flow about 15% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does COIN report earnings?
Coinbase is expected to report earnings on October 29, 2026.
How many employees does Coinbase have?
Coinbase has about 4,951 full-time employees, or $1.2 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology