Friday 30 October 2026 Export COIN’s income statement to Excel — free account

Coinbase Global, Inc.

COIN Financial Financial Data & Stock Exchanges

Coinbase Global, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, up 9.40% from fiscal 2024. In the quarter to June 2026, revenue fell 18.5%, EPS fell 124.3%, free cash flow grew 128.5% and total debt rose 154.3%, each against the same quarter a year earlier. Member of the S&P 500.

160.89 1.43 −0.88%

Follow COIN

Alert me

Market cap: $42.4B
P/E: 0.0×
Fwd P/E: −59.2×
Dividend yield: —
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Coinbase Global, Inc. (COIN) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by regions, and margins
U.S.	6,011	83.70%
International	1,171	16.30%
Gross margin		85.79%
Operating margin		19.99%
Pre-tax margin		21.19%

Revenue by product or service $m

Line	FY2021	FY2020
Transaction revenue	6,837 87.22%	1,096 85.81%
Subscription and services revenue	517 6.60%	45 3.52%
Other Crypto Sales	483 6.16%	136 10.67%
Also reported: a second breakdown of the same revenue
Consumer, net	6,491 82.80%	1,040 81.43%
Other revenue	485 6.18%	—
Institutional, net	346 4.42%	56 4.38%
Blockchain rewards	223 2.85%	10 0.82%
Custodial fee revenue	136 1.74%	19 1.45%
Other subscription and services revenue	132 1.69%	10 0.82%
Stablecoin revenue	10 0.13%	—
Product and Service, Other, Crypto Asset Sales	—	134 10.46%
Learning Rewards	—	8 0.60%
Net revenue	7,355	1,141
Revenue	7,839	1,277

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
U.S.	6,011 83.70%	5,461 83.19%	2,726 87.69%	2,684 84.04%	6,339 80.86%	966 75.63%	417 78.18%
International	1,171 16.30%	1,103 16.81%	383 12.31%	510 15.96%	1,500 19.14%	311 24.37%	116 21.82%
Revenue	7,181	6,564	3,108	3,194	7,839	1,277	534

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Assets on Platform	Q3 FY2026	$377.0B	$516.0B	−26.94%
Consumer trading volume	Q3 FY2026	$23.4B	$59.0B	−60.34%
Full-time employees	Q3 FY2026	4.2K	4.8K	−12.33%
Institutional trading volume	Q3 FY2026	$111.1B	$236.0B	−52.92%
Off-platform USDC	Q3 FY2026	$51.0B	$53.0B	−3.77%
USDC in Coinbase Products	Q3 FY2026	$22.0B	$15.0B	+46.67%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Assets on Platform	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer trading volume	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Full-time employees	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Institutional trading volume	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Off-platform USDC	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
USDC in Coinbase Products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.