Coinbase · Bitcoin.com News
Coinbase Swings to $719 million Q3 Profit as Market Share, Subscribers Grow
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Coinbase reported a $719 million net profit for the third quarter of 2026, reversing two consecutive quarterly losses as the cryptocurrency exchange expanded its trading market share and increased revenue from services beyond traditional crypto trading.
Key facts
- Coinbase’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $333 million, a 60% increase from approximately $208 million in the second quarter
- Coinbase beat analyst estimates with earnings of $2.51 per share, compared to expectations of a $0.26 loss per share
- The exchange said its share of cryptocurrency trading volume increased to 10.7%, up from 10.3% in the preceding quarter and 9.1% in the first quarter
- Coinbase reported a $719 million net profit for the third quarter of 2026, reversing two consecutive quarterly losses as the cryptocurrency exchange expanded its trading market share and increased
Summary
Coinbase reported $719 million in Q3 net profit, reversing two consecutive quarterly losses, though adjusted net income was $78 million. Coinbase’s crypto trading market share rose to 10.7%, while subscription and services revenue accounted for 49% of net revenue. USDC holdings reached a record $22 billion, Coinbase One subscribers increased 24% year over year, and prediction markets surpassed $200 million in annualized revenue. The company reported adjusted net income of $78 million for the three months ended Sept. 30, reflecting a substantial difference between its headline profit and underlying earnings.