Coinbase Global (COIN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended March 2026, Coinbase Global, Inc. (COIN) reported revenue of $1.41 billion, down 30.5% over the same period last year. EPS came in at -$0.17, compared to $1.94 in the year-ago quarter.The reported revenue represents a surprise of -5.61% over the Zacks Consensus Estimate of $1.5 billion. With the consensus EPS estimate being $0.36, the EPS surprise was -146.83%.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.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.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:Trading Volume: $202.00 billion compared to the $224.18 billion average estimate based on six analysts.Monthly Transacting Users (MTUs): 8.2 million compared to the 9.24 million average estimate based on five analysts.Trading Volume - Institutional: $166.00 billion compared to the $176.97 billion average estimate based on five analysts.Trading Volume - Consumer: $36.00 billion compared to the $45.95 billion average estimate based on five analysts.Net revenue: $1.34 billion versus $1.45 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -31.7% change.Other revenue: $73.63 million versus $68.54 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.Net Revenue- Transaction revenue: $755.83 million versus $826.95 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -40.1% change.Net Revenue- Total Subscription and services: $583.52 million compared to the $620.32 million average estimate based on seven analysts. The reported number represents a change of -16.4% year over year.Net Revenue- Subscription and services- Stablecoin Revenue: $305.44 million versus $329.8 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.Net Transaction Revenue- Consumer, net: $566.9 million versus $622.11 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -48.3% change.Net Transaction Revenue- Other transaction revenue: $53.2 million versus $60.46 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -21.5% change.Net Revenue- Subscription and services- Interest and finance fee income: $67.81 million versus the five-analyst average estimate of $52.52 million. The reported number represents a year-over-year change of +7.5%.View all Key Company Metrics for Coinbase Global here>>>Shares of Coinbase Global have returned +13.1% over the past month versus the Zacks S&P 500 composite's +11.4% 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 HereThe 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.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks