Net margin is calculated as Net Income divided by its Revenue. Coinbase Global's Net Income for the
three
months ended in Mar. 2026 was CHF-310 Mil. Coinbase Global's Revenue for the
three
months ended in Mar. 2026 was CHF1,112 Mil. Therefore, Coinbase Global's net margin for the quarter that ended in Mar. 2026 was -27.89%.
The historical rank and industry rank for Coinbase Global's Net Margin % or its related term are showing as below:
XSWX:COIN'
s Net Margin % Range Over the Past 10 Years
Min: -82.18 Med: 17.55 Max: 46.23
Current: 12.2
XSWX:COIN's Net Margin % is ranked worse than 53.1% of 774
companies
in the Capital Markets industry
Industry Median: 14.305
vs XSWX:COIN: 12.20
Coinbase Global (XSWX:COIN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Coinbase Global Net Margin % Related Terms
Coinbase Global Net Margin % Historical Data
* Premium members only.
The historical data trend for Coinbase Global's Net Margin % 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.
XSWX:COIN vs NDAQ, MSCI, CBOE: Net Margin % Comparison
For the Financial Data & Stock Exchanges subindustry, Coinbase Global's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Coinbase Global's Net Margin % distribution charts can be found below:
* The bar in red indicates where Coinbase Global's Net Margin % falls into.
* 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.
Coinbase Global (XSWX:COIN) has a Net Margin % of -27.89% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Coinbase Global and its competitors. According to the industry distribution chart, Coinbase Global ranks #411 out of 774 companies in the Capital Markets industry, placing it in the top 53.1%.
Is Coinbase Global's Net Margin % too high?
Coinbase Global's current Net Margin % is -27.89%. Based on the distribution chart, Coinbase Global ranks #411 out of 774 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Coinbase Global has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's Net Margin % compare to NDAQ and MSCI?
According to the Capital Markets industry distribution chart, Coinbase Global ranks #411 out of 774 companies for Net Margin %. This places Coinbase Global in the lower half of its industry. The industry median Net Margin % is 14.31. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.31, based on 774 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Coinbase Global and its competitors. For the Capital Markets industry, the median Net Margin % is 14.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coinbase Global's current Net Margin % is -27.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coinbase Global stock overvalued right now?
Based on GuruFocus' analysis, Coinbase Global (XSWX:COIN) is currently considered Possible Value Trap. The stock's GF Value™ is CHF194.26, compared to a current price of CHF120.05 — trading 38.2% below its estimated fair value. The current Net Margin % is -27.89%. Coinbase Global's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Coinbase Global (XSWX:COIN), the current Net Margin % is -27.89% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Coinbase Global (XSWX:COIN) Overvalued in 2026?
Based on GuruFocus' analysis, Coinbase Global stock appears to be undervalued.
The current stock price of CHF120.05 is trading 38.2% below its estimated GF Value™ of CHF194.26.
GuruFocus considers Coinbase Global to be Possible Value Trap.
Key valuation signals for XSWX:COIN:
Net Margin %: -27.89%
GF Value™: CHF194.26 vs. price of CHF120.05 (38.2% below fair value)
No single metric tells the full story. See the XSWX:COIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
60GF Score
Get the complete analysis for XSWX:COIN
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:COIN has been successfully added to your 
