- Coinbase reported $718.7 million in Q3 2026 net income, boosted by $715 million in crypto investment gains.
- Coinbase’s adjusted net income reached $77.7 million, while adjusted EBITDA fell 58% year-on-year to $332.9 million.
- Coinbase generated approximately $1.2 billion in quarterly revenue, with subscription and services contributing 49% of net revenue.
Coinbase reported an income of $718.7 million for the third quarter of 2026. This figure shows a return to profitability for Coinbase. Coinbase expanded its subscription services, business, and prediction markets. However, a large investment gain lifted Coinbase’s headline earnings. Coinbase’s adjusted EBITDA stayed below the level from the previous year.
According to Coinbase’s earnings report from October 29, Coinbase made $715 million in gains from assets that were held for investment. Coinbase’s adjusted net income was $77.7 million, which shows how Coinbase performed financially. Coinbase’s financial performance was clear from the report.
Coinbase’s adjusted EBITDA reached $332.9 million. This is 58% lower than Coinbase’s $800.7 million in the third quarter of 2025. Coinbase’s adjusted EBITDA rose 60% quarter-, on-quarter.
Coinbase Sees Growth In Subscriptions & Prediction Markets In Q3 2026
Coinbase reported revenue of about $1.2 billion in the third quarter. Transaction revenue made up around $590 million while subscription and services revenue reached $570 million, which accounted for 49% of net revenue.
The company’s strategy to diversify its income streams is showing results in its paid subscription offerings and prediction markets. Coinbase One subscribers grew by 24% compared to the period last year, hitting a new high. The company said these subscribers brought in 3.5 times revenue per user on average and held 4.2 times more in balances than the typical customer.
At the time, prediction markets achieved over $200 million in annualized revenue during the quarter. Daily traders jumped by more than 60% from the second quarter, showing strong growth in user activity. This annualized number does not reflect revenue earned in Q3 alone.
USDC Balances Reach Record $22 Billion
Stablecoin adoption also strengthened, with average USDC balances across Coinbase products reaching a record $22 billion, up 49% year-on-year. The company also reported a 74% annual increase in its average daily loan-book balance.
Coinbase’s crypto trading market share climbed to 10.7%, marking its fourth consecutive quarter of gains. Its Base network continued expanding its role in onchain trading and decentralized finance.
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