Coinbase Global, Inc. (COIN) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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COIN Revenue Growth
Revenue Breakdown (FY 2025)
COIN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
COIN Revenue Analysis (2019–2025)
As of May 8, 2026, Coinbase Global, Inc. (COIN) generated trailing twelve-month (TTM) revenue of $5.81 billion, reflecting significant decline in growth of -30.5% year-over-year. The most recent quarter (Q1 2026) recorded $1.41 billion in revenue, up 36.9% sequentially.
Looking at the longer-term picture, COIN's 5-year compound annual growth rate (CAGR) stands at +41.2%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $7.84 billion in 2021.
Revenue diversification analysis shows COIN's business is primarily driven by Bank Servicing, Consumer, Net (48%), Subscription and Circulation, Stablecoin (19%), and Subscription and Circulation, Blockchain Infrastructure Service (10%).
When compared to Financial Services sector peers including MARA, RIOT, and CLSK (+68.0% YoY), COIN has underperformed the peer group in terms of revenue growth. Compare COIN vs MARA →
COIN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| COINCurrent | $5.8B | -30.5% | +41.2% | 20.0% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% | |
 CLSK | $766M | +68.0% | +138.0% | 41.6% | |
 HUT | $15M | - | - | -2104.6% | |
 CIFR | $224M | - | - | -150.7% |
COIN Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.18B | - | $5.36B | 74.6% | $1.44B | 20.0% |
| 2024 | $6.56B | - | $4.91B | 74.7% | $2.31B | 35.1% |
| 2023 | $3.11B | - | $1.97B | 63.5% | $-161,662,000 | -5.2% |
| 2022 | $3.19B | - | $2.56B | 80.3% | $-2,710,208,000 | -84.8% |
| 2021 | $7.84B | - | $6.10B | 77.8% | $3.08B | 39.2% |
| 2020 | $1.28B | - | $1.14B | 89.4% | $409.0M | 32.0% |
| 2019 | $533.7M | - | $451.7M | 84.6% | $-35,643,000 | -6.7% |
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Start ComparisonCOIN — Frequently Asked Questions
Quick answers to the most common questions about buying COIN stock.
Is COIN's revenue growth accelerating or slowing?
COIN revenue declined -30.5% year-over-year, contrasting with the 5-year CAGR of +41.2%. TTM revenue fell to $5.8B. This reverses the prior growth trend.
What is COIN's long-term revenue growth rate?
Coinbase Global, Inc.'s 5-year revenue CAGR of +41.2% reflects the variable expansion pattern. Current YoY growth of -30.5% is below this long-term average.
How is COIN's revenue distributed by segment?
COIN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.