Coinbase — Q3 2026 Earnings Summary

Coinbase reported total revenue of $1.2 billion for the third quarter of 2026, maintaining a flat quarter-over-quarter figure despite a decline in overall crypto market trading volumes. The company achieved a net income of $718.7 million and an Adjusted EBITDA of $332.9 million, marking the 15th consecutive quarter of positive Adjusted EBITDA. Subscription and services revenue grew to $570 million, representing 49% of total net revenue, while prediction markets generated over $200 million in annualized revenue. Additionally, Coinbase expanded its market share in crypto trading for the fourth consecutive quarter and reached a new all-time high of $22 billion in average USDC held in its products.