Coinbase profit boosted by crypto gains
Coinbase (COIN) released third-quarter 2026 results at approximately 4:09 p.m. ET on October 29, reporting revenue of $1.216 billion, down 35% year over year. Revenue estimates varied across providers from approximately $1.21 billion to $1.24 billion. GAAP net income rose 66% to $718.7 million, while diluted EPS increased to $2.51 from $1.50. However, adjusted net income was only $77.7 million, and no separate adjusted EPS was disclosed.
A $715 million crypto-asset valuation gain accounted for most of the reported profit. Transaction revenue declined 44%, although crypto trading market share reached 10.7%. Coinbase forecast fourth-quarter subscription and services revenue of $550–630 million and full-year adjusted expenses of $4.15–4.30 billion. Annualized prediction-market revenue exceeded $200 million. Shares fell 4.82% after hours. These results were published approximately eight hours before this report.
| Metric | Actual | Consensus / guidance |
|---|---|---|
| Revenue | $1.216B | ~$1.21–1.24B |
| Revenue growth YoY | −35% | — |
| GAAP net income | $718.7M | Prior year: $432.6M |
| GAAP diluted EPS | $2.51 | Prior year: $1.50 |
| Adjusted net income | $77.7M | — |
| Adjusted EPS | Not separately disclosed | — |
| Adjusted EBITDA | $332.9M | Prior year: $800.7M |
| Transaction revenue | $590.2M | −44% YoY |
| Q4 subscription/services guidance | $550–630M | — |
SEO Title: Coinbase profit boosted by crypto gains
SEO Keywords: Coinbase earnings, COIN stock, Q3 2026, crypto gains, GAAP EPS, adjusted income, trading revenue, guidance
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