$COIN Coinbase Q3 Earnings
Revenue $1.22B, est. $1.22B
Adjusted EBITDA $332.9M, est. $282.9M
Transaction revenue $590M, est. $575M
Subscription & Services revenue $570M, est. $564M
Trading volume $134.5B
Crypto trading volume market share 10.7%, doubled y/y
Q3 reflected soft crypto market conditions
Macro headwinds have begun to shift
Sees Q4 Subscription & Services revenue $550M to $630M
Sees Q4 adjusted expenses $1.007B to $1.157B
Sees Q4 transaction expenses in mid-teens % of revenue
Q4 transaction revenue approximately $165M quarter-to-date
1October 29, 2026 1.2K
