Coinbase Swings to $719M Q3 Profit as Market Share, Subscribers Grow

Coinbase reported a $719 million net profit for the third quarter of 2026, reversing two consecutive quarterly losses as the cryptocurrency exchange expanded its trading market share and increased revenue from services beyond traditional crypto trading. The company reported adjusted net income of $78 million for the three months ended Sept. 30, reflecting a substantial difference between its headline profit and underlying earnings. The adjusted figure excludes $715 million in gains on cryptocurrency investments, $39 million in other investment gains, and associated tax adjustments. Coinbase’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $333 million, a 60% increase from approximately $208 million in the second quarter. That marked its 15th consecutive quarter of positive adjusted EBITDA.

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