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Coinbase Global (COIN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2026, Coinbase Global, Inc. (COIN - Free Report) reported revenue of $1.22 billion, down 35% over the same period last year. EPS came in at $0.28, compared to $1.44 in the year-ago quarter.
The reported revenue represents a surprise of +1.46% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being -$0.16, the EPS surprise was +275%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Coinbase Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Trading Volume: $134.50 billion versus the six-analyst average estimate of $143.78 billion.
Monthly Transacting Users (MTUs): 7.4 million versus the six-analyst average estimate of 8.12 million.
Trading Volume - Institutional: $111.10 billion compared to the $117.63 billion average estimate based on six analysts.
Trading Volume - Consumer: $23.40 billion versus $26.15 billion estimated by six analysts on average.
Net revenue: $1.16 billion compared to the $1.12 billion average estimate based on nine analysts. The reported number represents a change of -35.3% year over year.
Other revenue: $55.1 million compared to the $65.31 million average estimate based on nine analysts. The reported number represents a change of -27.2% year over year.
Net Revenue- Transaction revenue: $590 million versus the eight-analyst average estimate of $551.33 million. The reported number represents a year-over-year change of -43.6%.
Net Revenue- Total Subscription and services: $570 million versus the eight-analyst average estimate of $565.28 million. The reported number represents a year-over-year change of -23.7%.
Net Revenue- Subscription and services- Stablecoin Revenue: $307 million versus $309.21 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -13.5% change.
Net Transaction Revenue- Consumer, net: $450 million versus $470.56 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -46.7% change.
Net Transaction Revenue- Other transaction revenue: $48 million versus $45 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -29.1% change.
Net Revenue- Subscription and services- Interest and finance fee income: $69 million compared to the $63.83 million average estimate based on five analysts. The reported number represents a change of +6.5% year over year.
Shares of Coinbase Global have returned -12.9% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Coinbase Global (COIN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2026, Coinbase Global, Inc. (COIN - Free Report) reported revenue of $1.22 billion, down 35% over the same period last year. EPS came in at $0.28, compared to $1.44 in the year-ago quarter.
The reported revenue represents a surprise of +1.46% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being -$0.16, the EPS surprise was +275%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Coinbase Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Coinbase Global here>>>
Shares of Coinbase Global have returned -12.9% over the past month versus the Zacks S&P 500 composite's +0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.