# Coinbase Reports Quarterly Profit as Trading Revenue Falls

The company reported about $719 million in net income and growing subscription activity.

By Will Langan | 24X7 News
Published: 2026-10-29T21:01:46.672Z
Updated: 2026-10-29T21:01:46.672Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/coinbase-third-quarter-results-october-29-2026

Coinbase reported October 29 net income of approximately $719 million for the third quarter, alongside $78 million in adjusted net income, according to its earnings announcement.

Reuters reported transaction revenue of $590.2 million, down from $1.05 billion a year earlier. Operating expenses fell to $1.15 billion from $1.39 billion.

The company’s release highlighted adjusted earnings before interest, taxes, depreciation and amortization of $333 million, up 60% from the preceding quarter. That adjusted measure differs from GAAP net income.

Subscription and services accounted for 49% of net revenue. Paid Coinbase One subscribers increased 24% from a year earlier, while average USDC held in Coinbase products reached $22 billion, according to the company.

Coinbase also said prediction markets surpassed $200 million in annualized revenue. Annualized revenue is a run-rate measure rather than the amount earned during a completed year.

The results cover the quarter ended September 30. The announcement describes company performance and its own operating metrics, rather than establishing future investment returns.

Sources:
Coinbase — October 29 Earnings Release via Business Wire: https://www.marketscreener.com/news/coinbase-q3-2026-earnings-show-all-time-high-coinbase-one-subscribers-and-prediction-markets-surpass-ce785fdadd80fe2c
Reuters — October 29 Earnings Reporting: https://www.reuters.com/business/finance/coinbase-snaps-losing-streak-with-third-quarter-profit-crypto-trading-rebound-2026-10-29/

## Sources
- Coinbase — October 29 Earnings Release via Business Wire: https://www.marketscreener.com/news/coinbase-q3-2026-earnings-show-all-time-high-coinbase-one-subscribers-and-prediction-markets-surpass-ce785fdadd80fe2c
- Reuters — October 29 Earnings Reporting: https://www.reuters.com/business/finance/coinbase-snaps-losing-streak-with-third-quarter-profit-crypto-trading-rebound-2026-10-29/