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Operating margin at other companies

CME Group logo
CME GroupCME
65.6%+0.6pp
Block logo
BlockXYZ
4.9%+0.9pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
41.1%+4.4pp
MicroStrategy logo
MicroStrategyMSTR
518.9%
Circle Internet Group, Inc. logo
Circle Internet Group, Inc.CRCL
-6.3%-20.8pp
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
42.5%+3.4pp

Other financials

Income statement

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Revenue$1.4B-30.5%
Operating income-$21.4M-103%
Net income-$394.1M-701%
EPS (diluted)-$1.49-721%

Balance sheet

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Cash & equivalents$10.2B-23.3%
Total debt$6.5B+50.5%
Total equity$13.5B+28.8%
Total assets$28.8B+32.8%

Cash flow

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Operating cash flow$182.7M-78.6%

Valuation

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Market cap$43.45B+5.5%
Enterprise value$39.75B+22.1%
P/E28.3×-1.2×
P/S6.6×+0.7×

Profitability

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Net margin41.9%+12.2pp

Returns & leverage

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Return on equity26%+4.7pp
Debt / equity0.5×+0.1×
Current ratio2.1×-0.4×

Where this comes from

Calculated from Coinbase Global, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Coinbase Global, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coinbase Global, Inc.'s operating margin?
Coinbase Global, Inc. (COIN) reported operating margin of 10.8% in Q1 2026.
How has Coinbase Global, Inc.'s operating margin changed year-over-year?
Coinbase Global, Inc.'s operating margin decreased by 66.6% year-over-year, from 32.4% to 10.8%.
What is the long-term trend for Coinbase Global, Inc.'s operating margin?
Over 2 years (2021 to 2025), Coinbase Global, Inc.'s operating margin has grown at a -20.5% compound annual growth rate (CAGR), from 170.9% to 107.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.