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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Coinbase Global
Coinbase Global (COIN) investor relations material
Coinbase Global Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue was $1,215.6M, flat QoQ and down 35% YoY; net income was $718.7M, including a $715.0M gain on crypto assets held for investment.
Trading market share rose to 10.7% for a fourth consecutive quarter; subscription and services contributed 49% of net revenue.
Softer crypto markets weighed on activity, while prediction markets, stablecoins, and expense discipline supported performance.
Financial highlights
Net revenue was $1,160.5M, up 1% QoQ and down 34% YoY; transaction revenue was $590.2M, down 1% QoQ and 44% YoY.
Subscription and services revenue was $570.2M, up 3% QoQ and down 20% YoY.
GAAP net income was $718.7M versus a $359.5M loss in Q2; diluted EPS was $2.51. Adjusted net income was $77.7M.
Adjusted EBITDA was $332.9M, up 60% QoQ and down 58% YoY; it marked a 15th consecutive positive quarter.
Operating expenses fell 13% QoQ to $1,153.9M; Adjusted Expenses declined 6% to $975.0M, below Q3 guidance.
Outlook and guidance
Q4 transaction revenue was $165M quarter-to-date through October 25; management cautioned against simple extrapolation.
Q4 subscription and services revenue outlook was $550M–$630M; drivers include average interest rates and quarter-to-date crypto asset prices.
Q4 Adjusted Expenses guidance was $1,007M–$1,157M, with stock-based compensation of $240M; FY26 Adjusted Expenses guidance was narrowed to $4,150M–$4,300M.
Product priorities include the Everything Exchange, stablecoin payments for people and agents, and expanding trading, payments, lending, tokenized assets, derivatives, and AI-enabled services.
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Latest events from Coinbase Global
- Diversified product expansion, tech-driven efficiency, and unified asset trading drive future growth.COIN
Citi’s 2026 Global TMT Conference - Diversified offerings, regulatory progress, and product innovation drive growth and market leadership.COINGoldman Sachs Communacopia + Technology Conference 2026
- Record trading volume share, diversified revenue, and sustained profitability amid headwinds.COINQ2 2026
- Coinbase launched new products; BlackRock and Shopify partnerships boost crypto’s mainstream adoption.COINCoinbase State of Crypto Summit 2025
- Unified trading, AI-driven advice, and crypto-backed mortgages redefine financial services.COINStatus update
- Nine directors elected and Deloitte ratified as auditor; no shareholder questions or proposals.COINAGM 2026
- Regulatory clarity and product diversification drive growth in stablecoins, derivatives, and agentic AI.COINJ.P. Morgan 54th Annual Global Technology, Media and Communications Conference
- Q1 2026 saw $1.4B revenue, record market share, and restructuring amid a 50% trading volume drop.COINQ1 2026
- Virtual meeting to elect directors, ratify auditor, and highlight governance and compensation.COINProxy filing
Next Coinbase Global earnings date
Q4 202611 Feb, 2027
Coinbase Global
Next Coinbase Global earnings date
Q4 202611 Feb, 2027
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Frequently asked questions
Making the crypto markets accessible
Coinbase is a cryptocurrency exchange and storage platform that provides a user-friendly interface for buying, selling, and storing various digital currencies. Founded in 2012, Coinbase has become one of the leading companies in the cryptocurrency industry. It offers a range of services, including a digital wallet for securely storing cryptocurrencies, a trading platform with real-time market data, and a mobile app for convenient access on the go. Coinbase aims to make cryptocurrency accessible to a wider audience and provide a secure and reliable platform for individuals and businesses to engage in crypto transactions.
An intuitive platform designed with ease of use in mind
Coinbase operates a crypto exchange platform that facilitates the buying, selling, and trading of various cryptocurrencies. The platform offers a user-friendly interface, allowing users to navigate and explore a wide selection of digital assets.
Coinbase supports popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, providing opportunities for users to participate in the digital currency market. Market data is available to users in real-time to support their decision-making. The platform can be compared to the services that RobinHood, Interactive Brokers, and Charles Schwab offer for investors interested in investing in traditional markets.
Keeping coins safe
Coinbase's wallet services offer a built-in solution for storing cryptocurrencies, providing users with several benefits.
Firstly, having a wallet integrated into the Coinbase platform offers convenience and simplicity. Users can manage their digital assets seamlessly within the same platform they use for buying, selling, and trading cryptocurrencies.
Secondly, Coinbase's wallet emphasizes security measures to safeguard user funds and private keys. By relying on advanced security features and encryption protocols, Coinbase provides users with peace of mind regarding the protection of their assets.
Finally, having a wallet integrated into the service allows for easy access to decentralized applications (DApps) and other blockchain-based services. This integration enhances the overall user experience by providing a one-stop solution for managing cryptocurrencies and interacting with the broader blockchain ecosystem.
A key player in the modern crypto industry
With its established brand and large user base, Coinbase has played a notable role in driving the adoption of cryptocurrencies. The platform's user-friendly interface, extensive selection of supported digital assets, and focus on security have contributed to its reputation as a trusted choice for individuals and institutions. Coinbase has also been active in engaging with regulators and advocating for industry standards, fostering a more regulated and accepted environment for cryptocurrencies. As the crypto industry continues to evolve, Coinbase maintains its standing as a key player together with companies like Crypto.com and Binance.