Coinbase reported $719 million in net profit for the quarter ended Sept. 30, 2026, reversing two consecutive quarterly losses. Adjusted net income was $78 million after excluding $715 million in cryptocurrency investment gains, $39 million in other investment gains and related tax adjustments.
Coinbase said its share of cryptocurrency trading volume rose to 10.7%, from 10.3% in the previous quarter. Subscription and services made up 49% of net revenue. Average USDC holdings across its products reached a record $22 billion, while prediction markets exceeded $200 million in annualized revenue—a rate, not revenue earned during the quarter.
