Compared to Estimates, Coinbase Global (COIN) Q2 Earnings: A Look at Key Metrics

Coinbase Global, Inc. (COIN) reported $1.22 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 18.5%. EPS of -$0.39 for the same period compares to $0.12 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.3 billion, representing a surprise of -5.81%. The company delivered an EPS surprise of -378.57%, with the consensus EPS estimate being $0.14. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Coinbase Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: * Monthly Transacting Users (MTUs): 7.6 million compared to the 8.15 million average estimate based on five analysts. * Assets on Platform: $245.90 billion compared to the $295.06 billion average estimate based on four analysts. * Net revenue: $1.15 billion compared to the $1.24 billion average estimate based on eight analysts. The reported number represents a change of -18.7% year over year. * Other revenue: $65.77 million versus the eight-analyst average estimate of $71.86 million. The reported number represents a year-over-year change of -14.7%. * Net Revenue- Transaction revenue: $599.16 million versus the eight-analyst average estimate of $640.03 million. The reported number represents a year-over-year change of -21.6%. * Net Revenue- Total Subscription and services: $555.15 million versus the eight-analyst average estimate of $600.51 million. The reported number represents a year-over-year change of -15.4%. * Net Revenue- Subscription and services- Stablecoin Revenue: $292.15 million compared to the $339.25 million average estimate based on five analysts. The reported number represents a change of -12.1% year over year. * Net Transaction Revenue- Consumer, net: $451.67 million compared to the $491.68 million average estimate based on five analysts. The reported number represents a change of -30.5% year over year. * Net Transaction Revenue- Other transaction revenue: $47.41 million versus $53.2 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change. * Net Revenue- Subscription and services- Interest and finance fee income: $66.13 million compared to the $58.95 million average estimate based on five analysts. The reported number represents a change of +11.5% year over year. * Net Revenue- Subscription and services- Blockchain: $83.34 million versus the five-analyst average estimate of $95.89 million. The reported number represents a year-over-year change of -42.3%. * Net Revenue- Transaction revenue- Institutional, net: $100.07 million versus the five-analyst average estimate of $115.76 million. The reported number represents a year-over-year change of +64.6%. View all Key Company Metrics for Coinbase Global here>>>Shares of Coinbase Global have returned +0.5% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Beyond Nvidia: AI's Second Wave Is Here The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI's second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Compared to Estimates, Coinbase Global (COIN) Q2 Earnings: A Look at Key Metrics

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