# Coinbase Global, Inc. (COIN) FY2025 Annual P&L / Income Statement

- Company: Coinbase Global, Inc. (COIN)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-12, accession number 0001679788-26-000015
- Page: https://plicit.ai/financials/coin/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/coin-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service (6 categories)

Income statement for 2025-01-01 through 2025-12-31. View: Product and service (6 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 7,181,325,000 US dollars
- **Total operating expenses**: 5,745,884,000 US dollars
- **Operating income (loss)**: 1,435,441,000 US dollars
- **Other income (expense), net (calculated)**: 86,624,000 US dollars
- **Income (loss) before income taxes**: 1,522,065,000 US dollars
- **Provision for (benefit from) income taxes**: 261,738,000 US dollars
- **Net income**: 1,260,327,000 US dollars
- **Consumer, net**: 3,322,835,000 US dollars
- **Institutional, net**: 479,667,000 US dollars
- **Other transaction revenue**: 252,888,000 US dollars
- **Stablecoin revenue**: 1,348,821,000 US dollars
- **Blockchain rewards**: 677,405,000 US dollars
- **Other subscription and services revenue**: 554,775,000 US dollars
- **Undisclosed (calculated)**: 544,934,000 US dollars
- **Total operating expenses**: 5,745,884,000 US dollars

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/coin/fy2025-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/coin-fy2025-annual-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 7,181,325,000 US dollars
- **Total operating expenses**: 5,745,884,000 US dollars
- **Operating income (loss)**: 1,435,441,000 US dollars
- **Other income (expense), net (calculated)**: 86,624,000 US dollars
- **Income (loss) before income taxes**: 1,522,065,000 US dollars
- **Provision for (benefit from) income taxes**: 261,738,000 US dollars
- **Net income**: 1,260,327,000 US dollars
- **UNITED STATES**: 6,010,607,000 US dollars
- **International**: 1,170,718,000 US dollars
- **Total operating expenses**: 5,745,884,000 US dollars

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Product and Service (2 categories)

- Page: https://plicit.ai/financials/coin/fy2025-annual-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/coin-fy2025-annual-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Product and service (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 7,181,325,000 US dollars
- **Total operating expenses**: 5,745,884,000 US dollars
- **Operating income (loss)**: 1,435,441,000 US dollars
- **Other income (expense), net (calculated)**: 86,624,000 US dollars
- **Income (loss) before income taxes**: 1,522,065,000 US dollars
- **Provision for (benefit from) income taxes**: 261,738,000 US dollars
- **Net income**: 1,260,327,000 US dollars
- **Net revenue**: 6,883,438,000 US dollars
- **Other revenue**: 297,887,000 US dollars
- **Total operating expenses**: 5,745,884,000 US dollars

### Chart connections

- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.