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Coinbase Global, Inc. Total Operating Expenses 2019-2026 | COIN

Annual FY2019–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$5.75B

+35.0%YoY vs FY2024Source: 10-KFY2025

From $579.5M in FY2019 to $5.75B in FY2025: 9.9× in 6 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$1.4B+8.0%Not reportedNot reportedNot reported
FY25$1.3B+51.5%$1.5B+37.5%$1.4B+34.0%$1.5B+21.8%
FY24$877M−2.2%$1.1B+41.6%$1.0B+37.4%$1.2B+47.6%
FY23$896M−47.9%$781M−57.8%$754M−34.3%$838M−29.2%
FY22$1.7B+111.6%$1.9B+36.9%$1.1B+12.4%$1.2B−24.9%
Share22%25%23%29%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+45.9%

FY2020
$868.5M
FY2025
$5.75B

5 years selected · on the chart

Total Operating Expenses History

Year-over-year comparison from 10-K annual reports

  1. $5.75B
YoY changeLargest recent move+448.4%in FY21Latest +35.0%

1 older move runs past ±150% (largest +448.4%); point at, tap or drag across the bars to read one.

Total Operating Expenses, period by period

PeriodValueChangeSource
FY2025$5.75B+35.0%10-K
FY2024$4.26B+30.2%10-K
FY2023$3.27B−44.6%10-K
FY2022$5.90B+24.0%10-K
FY2021$4.76B+448.4%10-K
FY2020$868.5M+49.9%10-K
FY2019$579.5M—10-K

What is total operating expenses?

Total operating expenses include all costs related to running the core business, including cost of goods sold, R&D, and SG&A.

What is Coinbase Global, Inc.'s current total operating expenses?

Coinbase Global, Inc. (COIN) annual total operating expenses for 2025 was $5.75B, a 34.98% increase from 2024. Coinbase Global, Inc. total operating expenses for the quarter ending March 31, 2026 was $1.43B.

What was Coinbase Global, Inc.'s total operating expenses in 2024?

Coinbase Global, Inc. annual total operating expenses for 2024 was $4.26B, a 30.18% increase from 2023.

What was Coinbase Global, Inc.'s total operating expenses in 2023?

Coinbase Global, Inc. annual total operating expenses for 2023 was $3.27B, a 44.62% decline from 2022.

What is Coinbase Global, Inc.'s 5-year total operating expenses CAGR?

Coinbase Global, Inc. total operating expenses grew at a compound annual growth rate (CAGR) of 45.92% from FY2020 to FY2025, going from $868.5M to $5.75B over 5 years.

Company
Coinbase Global, Inc.
Ticker
COIN
Sector
Other
Industry
Finance Services