Coinbase Global reported total revenue of $1.2 billion for the quarter ended September 30, 2026, flat sequentially, driven by a 3% increase in subscription and services revenue to $570 million. Net income reached $719 million, or $2.51 diluted per share, compared to a loss of $359 million in the prior quarter, aided by a $715 million non-cash gain on crypto assets held for investment. Adjusted EBITDA grew 60% sequentially to $333 million, marking the 15th consecutive quarter of positive adjusted earnings. The company maintained its crypto trading market share at 10.7%, while average USDC held in products hit a new all-time high of $22 billion. Coinbase operates as a cryptocurrency exchange and financial technology platform.
