The Business Study
Coinbase Global, Inc. · COINHow Coinbase makes money
Coinbase brought in $7.2 billion in revenue in 2025 and kept $1.3 billion as profit: $17.55 of every $100.
From Coinbase's Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.
Out of every $100 Coinbase took in, it kept
6 years of Coinbase's revenue and profit.
Fiscal years as Coinbase reports them; the latest ended December 31, 2025. Profit is net income.
Quick answers about Coinbase.
How does Coinbase make money?
Coinbase earns trading fees, plus interest and rewards from stablecoins and staking.
How much money does Coinbase make a year?
$7.2 billion in revenue in 2025, and $1.3 billion in net profit. That's up 9% from the year before.
Is Coinbase profitable?
Yes. Coinbase made $1.3 billion in net profit in 2025, which is $17.55 of every $100 it took in. It lost money in 2022.
How many employees does Coinbase have?
About 4,951 employees as of December 31, 2025. That works out to $1.45 million in revenue per employee.
Is Coinbase growing?
Yes. Revenue went from $1.3 billion in 2020 to $7.2 billion in 2025, up 462%.
Compare Coinbase.
Source: Coinbase Global, Inc., annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 12, 2026.
Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.