According to CoinMeta, Coinbase reported a profit of $719 million in the third quarter of 2026, despite a 44% decline in crypto transaction revenue. The company's earnings per share were $2.51, exceeding Wall Street's forecast of a loss of $0.26 per share. However, total revenue decreased by 35% year-on-year to $1.22 billion, in line with market expectations. Despite experiencing losses for three consecutive quarters, Coinbase still managed to turn a profit, mainly due to the returns from crypto investments. The company recorded approximately $715 million in crypto investment gains during this quarter. Transaction revenue also decreased by 44% year-on-year to $590 million, possibly due to weaker crypto trading conditions and reduced market volatility. Nevertheless, Coinbase's market share in crypto transaction volume increased to 10.7%, marking its fourth consecutive quarter of market share growth.