Coinbase Global, Inc. (COIN) Earnings Call Transcripts
Coinbase Global, Inc.'s Latest Earnings Call - September 10, 2026
In the Q3 2026 earnings call, Coinbase Global, Inc. reported a significant expansion in its total addressable market (TAM) due to the introduction of new trading verticals, including derivatives and tokenized equities. Revenue for the quarter was $1.5 billion, reflecting a 10% increase year-over-year, while adjusted EBITDA was reported at $300 million, exceeding analyst expectations. Management maintained a positive outlook, emphasizing continued growth in user engagement and product adoption, particularly in prediction markets and stablecoins, while signaling a commitment to expense discipline moving forward.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $1.5B (beat) |
| Adjusted EBITDA | $300M (beat) |
| Prediction Markets Growth | 106% QoQ (positive) |
| Coinbase One Membership | 1M+ members (positive) |
| Expense Reduction | $500M (positive) |
| Daily Active Traders in Prediction Markets | tripled (positive) |
Guidance from management
Management maintained a positive outlook for Q4 2026, expecting continued growth in user engagement and product adoption, particularly in prediction markets and stablecoins. They emphasized a commitment to expense discipline while pursuing new revenue streams.
What management said
Prediction markets offer a new way to express a risk point of view. They're fun. They're engaging. You may want to just watch a market. You may want to be curious about an election and prediction markets are offering users just a whole new way to explore these areas. So what we've seen in our own platform is, yes, there's been tremendous growth, and it's come as we expand contracts. So we started, we then launched cr...
The card is an absolutely great value-add product for Coinbase One membership as is rewards on USDC. So Coinbase One does provide unique benefits to customers who are going to use our platform, and we think that, that whole bundle is a really important value proposition.
What analysts pressed on
Analysts expressed concerns about the regulatory landscape and its potential impact on future growth, particularly regarding the upcoming vote on the CLARITY Act. There were also questions about how Coinbase plans to maintain user engagement in a competitive environment and the sustainability of recent growth trends.
Main topics on the call
- Expansion of Total Addressable Market — Management highlighted that the TAM has expanded significantly with the introduction of new trading verticals, stating, "We've gone from being a single product spot crypto trading platform to four trading verticals." Thi...
- Strong Growth in Prediction Markets — Prediction markets crossed the $100 million annualized level shortly after launch, with a "106% quarter-over-quarter growth in Q2." This growth is attributed to increased engagement and new product offerings, indicating ...
- User Engagement and Membership Growth — Coinbase One membership surpassed 1 million paying members, demonstrating resilience in a down market. Alesia Haas noted, "The fact that we're still able to grow members during a down market demonstrates the value that p...
- Expense Discipline and Productivity Gains — Management emphasized ongoing expense discipline, with every major cost line coming in below guidance. They stated, "We're going to be very expense disciplined," and noted productivity gains driven by AI, allowing for gr...
Read the full Coinbase Global, Inc. transcript (September 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Coinbase Global, Inc.
Coinbase Global, Inc. (COIN) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 66 calls on record spanning March 17, 2021 to September 10, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 66 Coinbase Global, Inc. earnings call transcripts on record, spanning March 17, 2021 to September 10, 2026. Based on this history, Coinbase Global, Inc. reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- COIN
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 66
- First call
- March 17, 2021
- Most recent
- September 10, 2026
- Reporting cadence
- quarterly