Coinbase Global Inc. reported Q3 2026 revenue of $1.22 billion, down 35 percent from the year-ago quarter. Net income rebounded to $719 million, a 66 percent increase year-over-year, ending three consecutive quarters of losses for the exchange.
Earnings per share landed at $2.51. The rebound was driven by unrealized gains from Coinbase's crypto holdings. Strip those out and adjusted net income for the quarter was $78 million.
The company's prediction markets business crossed $200 million in annualized revenue, posting an 82 percent quarterly compound growth rate since launch. That trajectory signals real user adoption in a high-velocity product line.
Coinbase held 10.7 percent market share in spot crypto trading during Q3, reflecting its transactional volume relative to overall market activity.
Average USDC holdings on the platform hit a record $22 billion in Q3. That figure matters: it's a direct read on capital parked on the exchange and signals institutional and retail confidence in Coinbase's stablecoin liquidity infrastructure.
