Coinbase Global COIN
NASDAQ COIN
$172.23 -2.49 (-1.43%)
As of: Sep 10, 2026 · 3:59 PM EDT

Coinbase Global (COIN) Operating Expenses (2020 - 2026)

Coinbase Global's (COIN) quarterly Operating Expenses came in at $1.3 billion in Q2 2026, down 12.37% year-over-year from $1.5 billion in Q2 2025, and down 7.03% quarter-over-quarter from $1.4 billion in Q1 2026.

Analysis

Coinbase Global (COIN) Operating Expenses (2020 - 2026) Analysis & Trends

Coinbase Global (COIN) has reported Operating Expenses for 7 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 12.37% year-over-year to $1.3 billion in Q2 2026; TTM through Jun 2026 was $5.7 billion, a 10.54% increase from a year earlier, with the FY2025 full-year figure at $5.7 billion, up 34.98% from the prior year.
  • Operating Expenses was $1.3 billion for Q2 2026 at Coinbase Global, down from $1.4 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.9 billion in Q2 2022 and troughed at $754.0 million in Q3 2023.
  • A 5-year average of $1.2 billion and a median of $1.2 billion in 2022 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 111.57% in 2022 and sank 57.82% in 2023, its largest moves.
  • Over 5 years, Operating Expenses stood at $1.2 billion in 2022, then dropped by 29.21% to $838.2 million in 2023, then jumped by 47.65% to $1.2 billion in 2024, then gained by 21.8% to $1.5 billion in 2025, then declined by 11.53% to $1.3 billion in 2026.
  • The last three Operating Expenses figures came in at $1.3 billion (Q2 2026), $1.4 billion (Q1 2026), and $1.5 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Coinbase Global 45.40 Bn 36.62 Bn 1.16 Bn 1.33 Bn
2 Bullish 4.32 Bn 4.21 Bn 15.53 Mn -56.27 Mn
3 Canton Strategic Holdings 465.18 Mn 465.18 Mn - 2.70 Mn
4 Cypherpunk Technologies 406.44 Mn 406.44 Mn - 4.69 Mn
5 Coincheck 268.46 Mn 166.86 Mn 11.20 Mn 711.50 Mn
6 Wewards 214.97 Mn 214.97 Mn - 14,393.00
7 Usbc 178.08 Mn 174.42 Mn - 28.10 Mn
8 Universal Token 174.68 Mn 174.68 Mn - 17,725.00
9 TON Strategy 173.75 Mn 173.73 Mn - -
10 Streamex 123.26 Mn 104.79 Mn - 15.31 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.33 Bn
Mar 31, 2026 1.43 Bn
Dec 31, 2025 1.51 Bn
Sep 30, 2025 1.39 Bn
Jun 30, 2025 1.52 Bn
Mar 31, 2025 1.33 Bn
Dec 31, 2024 1.24 Bn
Sep 30, 2024 1.04 Bn
Jun 30, 2024 1.11 Bn
Mar 31, 2024 877.11 Mn
Dec 31, 2023 838.18 Mn
Sep 30, 2023 753.97 Mn
Jun 30, 2023 781.49 Mn
Mar 31, 2023 896.40 Mn
Dec 31, 2022 1.18 Bn
Sep 30, 2022 1.15 Bn
Jun 30, 2022 1.85 Bn
Mar 31, 2022 1.72 Bn
Dec 31, 2021 1.58 Bn
Sep 30, 2021 1.02 Bn