Gross Profit for Coinbase (COIN)
According to Coinbase's latest reported financial statements, the company's current gross profit (TTM) is $4.96B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
COIN
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$4.96B
YoY change
+9.2%
5Y CAGR
+36.2%
Peak year (2021)
$6.10B
Cumulative gross profit
$22.50B
Gross Profit history chart for Coinbase (COIN) from 2019 to 2025
Gross Profit history table for Coinbase (COIN) from 2019 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $5.36B | +9.2% | ||
| 2024 | $4.91B | +148.7% | ||
| 2023 | $1.97B | -23.1% | ||
| 2022 | $2.56B | -58.0% | ||
| 2021 | $6.10B | +434.2% | ||
| 2020 | $1.14B | +152.8% | ||
| 2019 | $451.68M | — |
Gross Profit values are taken from Coinbase's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Coinbase (COIN) gross profit totalled $5.36B – grew 9.2% year-over-year.
Over 2020–2025 (5 years), Coinbase gross profit expanded at a +36.2% compound annual rate, sustaining 2 straight years of year-over-year growth.
Coinbase gross profit declined from $6.10B in 2021 to $5.36B in 2025, a 12.1% drawdown.
2021 marks the peak gross profit at $6.10B, with the historical low of $451.68M recorded in 2019.
Coinbase (COIN) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $72.83B.
Coinbase Gross Profit by Year
Coinbase Gross Profit 2025: $5.36B
Coinbase gross profit in 2025 was $5.36B, grew 9.2% from 2024.
Coinbase Gross Profit 2024: $4.91B
Coinbase gross profit in 2024 was $4.91B, surged 148.7% from 2023.
Coinbase Gross Profit 2023: $1.97B
Coinbase gross profit in 2023 was $1.97B, declined 23.1% below 2022.
Coinbase Gross Profit 2022: $2.56B
Coinbase gross profit in 2022 was $2.56B, plunged 58.0% below 2021.
Coinbase Gross Profit 2021: $6.10B
Coinbase gross profit in 2021 was $6.10B.
See more financial history for Coinbase (COIN).
Sector peers — Gross Profit
Companies in the same sector as Coinbase, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is Coinbase's gross profit?
- Latest reported gross profit for Coinbase (COIN) is $4.96B (period ending December 31, 2025).
How has Coinbase gross profit changed year-over-year?
- Coinbase (COIN) gross profit changed +9.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Coinbase gross profit?
- Coinbase (COIN) gross profit compound annual growth rate is +36.2% over the most recent 5 years available.
When did Coinbase gross profit hit its highest annual value?
- Coinbase gross profit reached its highest annual value of $6.10B in 2021.
What was Coinbase gross profit in 2024?
- Coinbase (COIN) gross profit in 2024 was $4.91B.
What was Coinbase gross profit in 2025?
- Coinbase (COIN) gross profit in 2025 was $5.36B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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