Coinbase revenue
Coinbase's revenue was $7.18bn in fiscal 2025, up 9.4% on the year before. Since fiscal 2019 ($534m) it has grown at a compound 54.2% a year. Over the last twelve months it was $5.63bn.
Revenue history
Where the revenue comes from
| Line of business | Revenue | YoY |
|---|---|---|
| Bank Servicing and Subscription and Circulation | $6.9B | ▲ 9.4% |
| Bank Servicing | $4.1B | ▲ 1.7% |
| Bank Servicing Consumer Net | $3.3B | ▼ 3.1% |
| Subscriptions | $2.8B | ▲ 22.6% |
| Subscription and Circulation Stablecoin | $1.3B | ▲ 48.1% |
| Subscription and Circulation Blockchain Infrastructure Service | $677M | ▼ 4.0% |
| Subscription and Circulation Other | $555M | ▲ 30.5% |
| Bank Servicing Institutional | $480M | ▲ 38.8% |
| Other Revenue | $298M | ▲ 10.0% |
| Bank Servicing Other | $253M | ▲ 20.3% |
These categories overlap or exclude eliminations, so shares aren't shown.
| Region | Revenue | Share | YoY |
|---|---|---|---|
| United States | $6B | 83.7% | ▲ 10.1% |
| Outside the US | $1.2B | 16.3% | ▲ 6.1% |
From Coinbase's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Coinbase | $5.63bn | -26.6% | 26.5% |
| Cboe Global Markets | $5.28bn | 14.3% | 11.5% |
| CME Group | $6.97bn | 9.0% | 9.2% |
| Moody's Corporation | $8.18bn | 9.0% | 12.6% |
| Nasdaq, Inc. | $9.15bn | 11.5% | 15.1% |
| MSCI | $3.43bn | 12.3% | 12.4% |
Compare with peers
- Cboe Global Markets revenue
- CME Group revenue
- Moody's Corporation revenue
- Nasdaq, Inc. revenue
- MSCI revenue
Head to head: CBOE vs COINCME vs COINCOIN vs MCO
More: Financial Exchanges & Data stocks compared, Financials sector, rankings of US companies