Why Coinbase Global stock moves
Coinbase Global fell slightly without a company-news explanation.
Written after the close on ·
Why today
16,413 news analyzed todayCoinbase Global fell slightly without a company-news explanation.
Over the same day the S&P 500 rose slightly, so Coinbase moved against the broad market.
Over the last five trading days the stock fell slightly, while the S&P 500 fell sharply, so Coinbase held up better than the market that week.
Coinbase fell in a way that is an ordinary move for this stock.
Crypto prices and sentiment around security scares and regulation are the likely drivers, and crypto-linked stocks often move with Bitcoin.
Today's move of −1.51% was 0.4 times a normal day's 3.5%. S&P 500 moved +0.31% on the same day.
Coinbase Global −1.51%S&P 500 +0.31%Against the market
What analysts expect, and how often they have been right
Analysts’ estimates for Coinbase Global.
Coinbase Global earned more than expected in 4 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 3 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $134.76
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of -$0.09 (February 11). For the current fiscal year, expected earnings per share changed from -$1.87 three months ago to -$0.34 now. 2026 estimate: -$0.34. 2027 estimate: $2.47.
Has the share price followed the business?
Price and earnings moved in the same direction: 3 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed −9% and earnings per share −53%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): $35.7BRevenue 2025: $7.2B
What the key figures say about Coinbase Global
The figures connect what Coinbase Global earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: -$11.83–$9.48. Peers: Moody's $16.39, Intercontinental Exchange $7.34, CME Group $12.20. 2026 estimate: -$0.34 (-$0.69–-$0.00). 2027 estimate: $2.47 (-$1.44–$6.60).
What the company sold during the year.
2022–2025: $3.1B–$7.2B. Peers: Moody's $8.2B, Intercontinental Exchange $10.9B, CME Group $7.0B. 2026 estimate: $5.2B ($5.1B–$5.5B). 2027 estimate: $6.6B ($5.7B–$8.1B).
The percentage of revenue left after the costs of running the business.
2022–2025: −61.0%–34.1%. Peers: Moody's 45.9%, Intercontinental Exchange 41.5%, CME Group 65.7%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −48.1%–25.1%. Peers: Moody's 76.7%, Intercontinental Exchange 14.4%, CME Group 16.1%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 26.2–470.1. Peers: Moody's 30.9, Intercontinental Exchange 23.5, CME Group 25.1. 2027 estimate: 54.6.
What investors pay for each unit the company sells.
2022–2025: 2.56–13.54. Peers: Moody's 10.66, Intercontinental Exchange 8.82, CME Group 15.74. 2026 estimate: 6.89. 2027 estimate: 5.42.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -17.46–-1.55. Peers: Moody's 1.48, Intercontinental Exchange 3.29, CME Group 0.31.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 1.50–6.70. Peers: Moody's 26.68, Intercontinental Exchange 3.22, CME Group 4.12.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 19.2–6,680.5.
Cash left after investments, divided by the number of shares.
2022–2025: -$6.87–$12.24. Peers: Moody's $17.27, Intercontinental Exchange $8.64, CME Group $12.11.
The percentage of assets financed by shareholders’ equity.
2022–2025: 6.1%–49.9%.
What followed similar falls?
Including reinvested dividends, Coinbase Global fell 6.1% over the latest five trading days. Since April 14, 2021, falls at least this large were followed by a higher value 21 trading days later in 19 out of 49 non-overlapping periods. The median was −4.8%, against −3.3% for an ordinary 21-day period, which ended higher 45 times in 100.
Such a fall has not said much about the next month.
−4.8% · 19/49
What to watch next, and why
The earnings report shows how Coinbase Global's revenue and profit have changed.
- Earnings report
The earnings report shows how Coinbase Global's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Coinbase Global usually moved about 8.0%. On a normal day it moves 3.5%.
−10.62% −10.59% +4.25% +16.46%
$10,000 in Coinbase Global bought on April 14, 2021 is worth $4,110 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $19,200.
What would $10,000 in Coinbase Global be worth today? →
What would $10,000 in Coinbase Global be worth today?
$4,110
with dividends reinvested, bought on April 14, 2021. The same amount in S&P 500 with dividends would have become $19,200.
At worst it was worth $991 (December 28, 2022).
The five biggest days of the journey
· +31.1% · the whole market rose 2.5% the same day
· −26.4% · the whole market fell 1.6% the same day · report day
· +24.5% · the whole market rose 0.8% the same day
· +24.0% · the whole market rose 1.5% the same day
· +24.0% · the whole market rose 0.7% the same day
Earlier days
−6.12% market −2.70% Coinbase Global fell slightly over the week, moving more than the S&P 500, which fell sharply, and against its sector. Read →
Coinbase Global fell slightly over the week, moving more than the S&P 500, which fell sharply, and against its sector.
The move was ordinary in size for the stock.
Coinbase's New Jersey staking access was restored that day, but that good news did not offset the selling.
Next, the company reports earnings on Thursday 11 February 2027.
−9.69% market −4.41% Coinbase Global fell sharply. Read →
Coinbase Global fell sharply.
The S&P 500 also fell very sharply, so Coinbase Global's drop was larger than the broad market's.
News of a New Jersey staking reopening was also out, but it probably did not offset the broader selloff.
Over the last five trading days the stock fell sharply, a big move, while its sector rose slightly.
+4.16% market +1.65% Coinbase Global rose clearly. Read →
Coinbase Global rose clearly.
The S&P 500 rose sharply over the same day, so Coinbase Global's gain was larger than the broad market's.
Its Financial Services sector ETF rose very sharply, so it moved in line with its sector.
Its trading volume was around its usual level.
The most likely driver is the SEC staff's letter calling Canton Coin a digital commodity, which eased the path for token issuance and likely lifted crypto-related stocks.
+5.53% market +0.30% Coinbase Global rose clearly without a company-news explanation. Read →
Coinbase Global rose clearly without a company-news explanation.
Over the same day the S&P 500 rose slightly, so Coinbase moved more than the broader market.
Morgan Stanley downgraded the stock that day, a move that would normally push the price down, so it does not explain the rise.
Trading volume was about twice a normal session, so heavy trading accompanied the move.
Over the last five trading days the stock fell clearly, while the Financial Services sector ETF rose.
Learn more · Why do stocks go up and down?