Coinbase Global (COIN) revenue breakdown
By product, Net revenue is the largest at 96% of fiscal 2025 revenue, growing -2% a year over 4 years.
By region, U.S. is the largest at 84% of fiscal 2025 revenue, growing 44% a year over 5 years.
Revenue by product
Fiscal years, as Coinbase Global reports them in its 10-K filings; fiscal 2025 total $7.2B.
| Products | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Net revenue | — | $7.4B | $3.1B | $2.9B | $6.3B | $6.9B | 96% |
| Other revenue | — | $485M | $45M | $182M | $271M | $298M | 4% |
| Consumer, net | $1.0B | — | — | — | — | — | — |
| Crypto asset sales revenue | $134M | — | — | — | — | — | — |
| Institutional, net | $56M | — | — | — | — | — | — |
| Custodial fee revenue | $19M | — | — | — | — | — | — |
| Other subscription and services revenue | $10M | — | — | — | — | — | — |
| Blockchain rewards | $10M | — | — | — | — | — | — |
| Learning Rewards | $8M | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Coinbase Global reports them in its 10-K filings; fiscal 2025 total $7.2B.
| Regions | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| U.S. | $966M | $6.3B | $2.7B | $2.7B | $5.5B | $6.0B | 84% |
| International | $311M | $1.5B | $510M | $383M | $1.1B | $1.2B | 16% |
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Where does Coinbase Global make its money?
In fiscal 2025, by product: Net revenue $6.9B, Other revenue $298M.
From Coinbase Global's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.