Coinbase Global (WBO:COIN) EBIT : €1,522 Mil (TTM As of Sep. 2024)

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What is Coinbase Global EBIT?

Coinbase Global's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €1,522 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coinbase Global's annualized ROC % for the quarter that ended in Sep. 2024 was 0.26%. Coinbase Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 183.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coinbase Global's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 2.30%.

Coinbase Global EBIT Historical Data

The historical data trend for Coinbase Global's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Coinbase Global EBIT Chart

Coinbase Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-32.08

336.16

2,704.66

-2,809.04

5.43

Coinbase Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EBIT	Get a 7-Day Free Trial															51.99	139.01	1,339.98	-36.91	80.29

Competitive Comparison of Coinbase Global's EBIT

For the Financial Data & Stock Exchanges subindustry, Coinbase Global's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coinbase Global's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Coinbase Global's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Coinbase Global's EV-to-EBIT falls into.

Coinbase Global EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,522 Mil.

Coinbase Global (WBO:COIN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Coinbase Global's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

	ROC % (Q: Sep. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Sep. 2024 ))	/ count )
=	598.732 * ( 1 - -10.08% )	/	( (258241.646	+	253380.01)	/ 2 )
=	659.0841856	/	255810.828
=	0.26 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	266585.072	-	416.35	-	( 11367.082	-	max(0, 254874.605	-	262801.681	+	11367.082	))
=	258241.646

	Invested Capital		(Q: Sep. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	261793.306	-	451.043	-	( 11280.516	-	max(0, 250107.183	-	258069.436	+	11280.516	))
=	253380.01

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Coinbase Global's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2024		Q: Sep. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	321.156	/	( ( (176.076 + max(-4108.058, 0))	+	(173.893 + max(-3802.181, 0)) )	/	2 )
=	321.156	/	( ( 176.076	+	173.893 )	/	2 )
=	321.156	/	174.9845
=	183.53 %

where Working Capital is:

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(219.656	+	0	+	250546.891)	-	(416.35	+	253984.795	+	473.45999999999)
=	-4108.058

	Working Capital		(Q: Sep. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(168.491	+	0	+	246136.511)	-	(451.043	+	0	+	249656.14)
=	-3802.181

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Coinbase Global's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2024 )
	=	1522.363	/	66328.204
	=	2.30 %

Coinbase Global EBIT Related Terms

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Coinbase Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Coinbase Global Inc (WBO:COIN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

COIN:USA COIN:Mexico 1COIN:Italy 1QZ:Germany C2OI34:Brazil 1QZ:Bulgaria

Address

1209, Orange Street, c/o The Corporation Trust Company, Wilmington, DE, USA, 19801

Website

https://www.coinbase.com

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.