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Coinbase Global
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Coinbase Global's Revenue by Segment

In fiscal year 2025, Coinbase Global's revenue by segment (products & services) are as follows:

  • Bank Servicing, Consumer, Net: $3.32 B
  • Bank Servicing, Institutional: $479.67 M
  • Bank Servicing, Other: $252.89 M
  • Other Revenue: $297.89 M
  • Subscription and Circulation, Blockchain Infrastructure Service: $677.41 M
  • Subscription and Circulation, Other: $554.78 M
  • Subscription and Circulation, Stablecoin: $1.35 B

Learn more about Coinbase Global’s Revenue by Geography

Check out competitors to Coinbase Global in a side-by-side comparison.

Explore additional financial metrics for Coinbase Global.

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The above chart shows Coinbase Global's revenue percentage share by segment (products and services).

In fiscal year 2023, Coinbase Global's revenue by segment is as follows:

  • Bank Servicing, Consumer, Net generated $1.43 B in revenue, representing 27.47% of its total revenue.
  • Bank Servicing, Institutional generated $90.16 M in revenue, representing 1.73% of its total revenue.
  • Lease License Revenue generated $786.05 M in revenue, representing 15.1% of its total revenue.
  • Other Revenue generated $181.84 M in revenue, representing 3.49% of its total revenue.
  • Perpetual License Revenue generated $302.70 M in revenue, representing 5.82% of its total revenue.
  • Service generated $1.18 B in revenue, representing 22.7% of its total revenue.
  • Subscription and Circulation, Blockchain Infrastructure Service generated $330.89 M in revenue, representing 6.36% of its total revenue.
  • Subscription and Circulation, Custodial Fee generated $69.50 M in revenue, representing 1.34% of its total revenue.
  • Subscription and Circulation, Other generated $138.34 M in revenue, representing 2.66% of its total revenue.
  • Subscription and Circulation, Stablecoin generated $694.25 M in revenue, representing 13.34% of its total revenue.

The biggest segment for Coinbase Global is the Bank Servicing, Consumer, Net, which represents 27.47% of its total revenue.
The smallest segment for Coinbase Global is the Subscription and Circulation, Custodial Fee, which represents 1.34% of its total revenue.

The above chart shows Coinbase Global's revenue percentage share by segment (products and services).

In fiscal year 2024, Coinbase Global's revenue by segment is as follows:

  • Bank Servicing, Consumer, Net generated $3.43 B in revenue, representing 38.79% of its total revenue.
  • Bank Servicing, Institutional generated $345.60 M in revenue, representing 3.91% of its total revenue.
  • Bank Servicing, Other generated $210.19 M in revenue, representing 2.38% of its total revenue.
  • Lease License Revenue generated $948.83 M in revenue, representing 10.73% of its total revenue.
  • Other Revenue generated $270.78 M in revenue, representing 3.06% of its total revenue.
  • Perpetual License Revenue generated $315.09 M in revenue, representing 3.56% of its total revenue.
  • Service generated $1.28 B in revenue, representing 14.48% of its total revenue.
  • Subscription and Circulation, Blockchain Infrastructure Service generated $705.76 M in revenue, representing 7.98% of its total revenue.
  • Subscription and Circulation, Custodial Fee generated $141.71 M in revenue, representing 1.6% of its total revenue.
  • Subscription and Circulation, Other generated $283.41 M in revenue, representing 3.2% of its total revenue.
  • Subscription and Circulation, Stablecoin generated $910.46 M in revenue, representing 10.3% of its total revenue.

The biggest segment for Coinbase Global is the Bank Servicing, Consumer, Net, which represents 38.79% of its total revenue.
The smallest segment for Coinbase Global is the Subscription and Circulation, Custodial Fee, which represents 1.6% of its total revenue.

The above chart shows Coinbase Global's revenue percentage share by segment (products and services).

In fiscal year 2025, Coinbase Global's revenue by segment is as follows:

  • Bank Servicing, Consumer, Net generated $3.32 B in revenue, representing 47.92% of its total revenue.
  • Bank Servicing, Institutional generated $479.67 M in revenue, representing 6.92% of its total revenue.
  • Bank Servicing, Other generated $252.89 M in revenue, representing 3.65% of its total revenue.
  • Other Revenue generated $297.89 M in revenue, representing 4.3% of its total revenue.
  • Subscription and Circulation, Blockchain Infrastructure Service generated $677.41 M in revenue, representing 9.77% of its total revenue.
  • Subscription and Circulation, Other generated $554.78 M in revenue, representing 8% of its total revenue.
  • Subscription and Circulation, Stablecoin generated $1.35 B in revenue, representing 19.45% of its total revenue.

The biggest segment for Coinbase Global is the Bank Servicing, Consumer, Net, which represents 47.92% of its total revenue.
The smallest segment for Coinbase Global is the Bank Servicing, Other, which represents 3.65% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2023 2024 2025
Service 22.7% 14.48% -
Perpetual License Revenue 5.82% 3.56% -
Lease License Revenue 15.1% 10.73% -
Other Revenue 3.49% 3.06% 4.3%
Subscription and Circulation, Stablecoin 13.34% 10.3% 19.45%
Subscription and Circulation, Other 2.66% 3.2% 8%
Subscription and Circulation, Custodial Fee 1.34% 1.6% -
Subscription and Circulation, Blockchain Infrastructure Service 6.36% 7.98% 9.77%
Bank Servicing, Consumer, Net 27.47% 38.79% 47.92%
Bank Servicing, Institutional 1.73% 3.91% 6.92%
Bank Servicing, Other - 2.38% 3.65%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Coinbase Global.

In fiscal year 2025, the Bank Servicing, Consumer, Net generated the most revenue ($3.32 B), and the Bank Servicing, Other generated the least revenue ($252.89 M).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Bank Servicing, Consumer, Net revenue decreased -3.13% ($107.49 M) from $3.43 B (in 2024) to $3.32 B (in 2025).
  • Bank Servicing, Institutional revenue increased 38.79% ($134.07 M) from $345.60 M (in 2024) to $479.67 M (in 2025).
  • Bank Servicing, Other revenue increased 20.31% ($42.70 M) from $210.19 M (in 2024) to $252.89 M (in 2025).
  • Lease License Revenue revenue decreased -100% ($948.83 M) from $948.83 M (in 2024) to $0.00 (in 2025).
  • Other Revenue revenue increased 10.01% ($27.11 M) from $270.78 M (in 2024) to $297.89 M (in 2025).
  • Perpetual License Revenue revenue decreased -100% ($315.09 M) from $315.09 M (in 2024) to $0.00 (in 2025).
  • Service revenue decreased -100% ($1.28 B) from $1.28 B (in 2024) to $0.00 (in 2025).
  • Subscription and Circulation, Blockchain Infrastructure Service revenue decreased -4.02% ($28.35 M) from $705.76 M (in 2024) to $677.41 M (in 2025).
  • Subscription and Circulation, Custodial Fee revenue decreased -100% ($141.71 M) from $141.71 M (in 2024) to $0.00 (in 2025).
  • Subscription and Circulation, Other revenue increased 95.75% ($271.37 M) from $283.41 M (in 2024) to $554.78 M (in 2025).
  • Subscription and Circulation, Stablecoin revenue increased 48.15% ($438.36 M) from $910.46 M (in 2024) to $1.35 B (in 2025).
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    Summary Table

    Products & Services 2023
    Value Change
    		2024
    Value Change
    		2025
    Value Change
    Bank Servicing, Consumer, Net $1.43 B - $3.43 B
    139.97%
    		$3.32 B
    3.13%
    Bank Servicing, Institutional $90.16 M - $345.60 M
    283.30%
    		$479.67 M
    38.79%
    Bank Servicing, Other - - $210.19 M - $252.89 M
    20.31%
    Lease License Revenue $786.05 M - $948.83 M
    20.71%
    		- -
    Other Revenue $181.84 M - $270.78 M
    48.91%
    		$297.89 M
    10.01%
    Perpetual License Revenue $302.70 M - $315.09 M
    4.09%
    		- -
    Service $1.18 B - $1.28 B
    8.44%
    		- -
    Subscription and Circulation, Blockchain Infrastructure Service $330.89 M - $705.76 M
    113.29%
    		$677.41 M
    4.02%
    Subscription and Circulation, Custodial Fee $69.50 M - $141.71 M
    103.89%
    		- -
    Subscription and Circulation, Other $138.34 M - $283.41 M
    104.86%
    		$554.78 M
    95.75%
    Subscription and Circulation, Stablecoin $694.25 M - $910.46 M
    31.14%
    		$1.35 B
    48.15%
    Total Revenue $5.20 B - $8.84 B
    69.91%
    		$6.93 B
    21.58%

    Frequently Asked Questions

    What was Coinbase Global's largest product segment last year?

    In fiscal year 2025, Bank Servicing, Consumer, Net revenue reached $3.32 Billion, representing 47.92% of Coinbase Global's total revenue and making it the largest segment for the company.

    Which product segment experienced the highest growth for Coinbase Global last year?

    The Subscription and Circulation, Other segment is Coinbase Global's highest growth segment, with a revenue growth of +95.75% in 2025 compared to 2024.

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