Operating Income for Coinbase (COIN)
According to Coinbase's latest reported financial statements, the company's current operating income (TTM) is $717.28M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
COIN
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$717.28M
YoY change
-37.8%
5Y CAGR
+28.5%
Peak year (2021)
$3.08B
Cumulative operating income
$4.32B
Operating Income history chart for Coinbase (COIN) from 2019 to 2025
Operating Income history table for Coinbase (COIN) from 2019 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.44B | -37.8% | ||
| 2024 | $2.31B | -1527.2% | ||
| 2023 | -$161.66M | -94.0% | ||
| 2022 | -$2.71B | -188.1% | ||
| 2021 | $3.08B | +652.3% | ||
| 2020 | $408.95M | -1247.4% | ||
| 2019 | -$35.64M | — |
Operating Income 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
The 2025 reading of Coinbase (COIN) operating income is $1.44B – plunged 37.8% year-over-year.
Over 2020–2025 (5 years), Coinbase operating income expanded at a +28.5% compound annual rate, with the latest reading among the more recent periods of the dataset.
Coinbase operating income plunged from $3.08B in 2021 to $1.44B in 2025, a 53.3% drawdown.
2021 marks the peak operating income at $3.08B, with the historical low of -$2.71B recorded in 2022.
Coinbase (COIN) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $24.60B.
Coinbase Operating Income by Year
Coinbase Operating Income 2025: $1.44B
Coinbase operating income in 2025 was $1.44B, plunged 37.8% below 2024.
Coinbase Operating Income 2024: $2.31B
Coinbase operating income in 2024 was $2.31B, plunged 1527.2% below 2023.
Coinbase Operating Income 2023: -$161.66M
Coinbase operating income in 2023 was -$161.66M, plunged 94.0% below 2022.
Coinbase Operating Income 2022: -$2.71B
Coinbase operating income in 2022 was -$2.71B, plunged 188.1% below 2021. This figure represents the lowest annual value in the available history.
Coinbase Operating Income 2021: $3.08B
Coinbase operating income in 2021 was $3.08B.
See more financial history for Coinbase (COIN).
Sector peers — Operating Income
Companies in the same sector as Coinbase, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is Coinbase's operating income?
- Latest reported operating income for Coinbase (COIN) is $717.28M (period ending December 31, 2025).
How has Coinbase operating income changed year-over-year?
- Coinbase (COIN) operating income changed -37.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Coinbase operating income?
- Coinbase (COIN) operating income compound annual growth rate is +28.5% over the most recent 5 years available.
When did Coinbase operating income hit its highest annual value?
- Coinbase operating income reached its highest annual value of $3.08B in 2021.
What was Coinbase operating income in 2024?
- Coinbase (COIN) operating income in 2024 was $2.31B.
What was Coinbase operating income in 2025?
- Coinbase (COIN) operating income in 2025 was $1.44B.
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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