Coinbase Global's results for Q3 2026 (three months ended September 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-29. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $1,216 million (−35.0% vs a year earlier) |
| Diluted EPS (GAAP) | $2.51 |
| Full-year guidance | Stated (no change given) |
Guidance
Coinbase expects 2026 adjusted expenses of $4.15-4.30 billion (prior $4.20-4.45 billion) and Q4 subscription and services revenue of $550-630 million.
Why this label: Only full-year guide is Adjusted Expenses, 'reducing and narrowing' (an expense cut, not an outlook cut); revenue outlook covers Q4'26 only.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| adjusted expenses (T&D + G&A + S&M excl. intangible amortization) | FY2026 | $4,150–4,300 million | $4,200–4,450 million (2026 Outlook as of Q2'26) |
| implied GAAP T&D + G&A + S&M expenses | FY2026 | $4,290–4,450 million | $4,340–4,600 million |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| subscription and services revenue | Q4 2026 | $550–630 million |
| transaction expenses | Q4 2026 | mid-teens % of net revenue |
| adjusted expenses | Q4 2026 | $1,007–1,157 million |
| stock-based compensation | Q4 2026 | ~$240 million |
| transaction revenue (QTD actual, not a range) | Q4 2026 through Oct 25 | ~$165 million quarter-to-date |
From the release
Revenue: "Total revenue ......................................................................................................................... 1,215,582 1,868,693"
Earnings per share: "Net income (loss) per share - Diluted 1.50 (2.49) (1.49) (1.36) 2.51"
adjusted expenses (T&D + G&A + S&M excl. intangible amortization): "We are reducing and narrowing our 2026 Adjusted Expenses guidance range again"
implied GAAP T&D + G&A + S&M expenses: "We expect amortization of intangible assets of $140 million to $150 million for FY'26, implying GAAP Technology & Development, General & Administrative and Sales & Marketing expenses of $4,290 million to $4,450 million for FY'26."
Key fact: Q3 total revenue fell 35% y/y to $1.22 billion; net income $719 million
Source
Coinbase Global earnings release (SEC filing), accession 0001679788-26-000121, filed 2026-10-29.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.