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Coinbase Global (COIN) Operating Expenses (2020 - 2025)

Coinbase Global (COIN) has disclosed Operating Expenses for 6 consecutive years, with $1.5 billion as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 21.8% to $1.5 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $5.7 billion through Dec 2025, up 34.98% year-over-year, with the annual reading at $5.7 billion for FY2025, 34.98% up from the prior year.
  • Operating Expenses for Q4 2025 was $1.5 billion at Coinbase Global, up from $1.4 billion in the prior quarter.
  • The five-year high for Operating Expenses was $1.9 billion in Q2 2022, with the low at $754.0 million in Q3 2023.
  • Average Operating Expenses over 5 years is $1.2 billion, with a median of $1.2 billion recorded in 2022.
  • The sharpest move saw Operating Expenses surged 837.82% in 2021, then crashed 57.82% in 2023.
  • Over 5 years, Operating Expenses stood at $1.6 billion in 2021, then fell by 24.88% to $1.2 billion in 2022, then dropped by 29.21% to $838.2 million in 2023, then skyrocketed by 47.65% to $1.2 billion in 2024, then grew by 21.8% to $1.5 billion in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $1.5 billion, $1.4 billion, and $1.5 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.