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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.

  • On a quarterly basis, Operating Expenses rose 21.8% to $1.5 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $5.7 billion, a 34.98% increase, with the full-year FY2025 number at $5.7 billion, up 34.98% from a year prior.
  • Operating Expenses was $1.5 billion for Q4 2025 at Coinbase Global, up from $1.4 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.9 billion in Q2 2022 to a low of $754.0 million in Q3 2023.
  • A 5-year average of $1.2 billion and a median of $1.2 billion in 2022 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: soared 837.82% in 2021, then tumbled 57.82% in 2023.
  • Coinbase Global's Operating Expenses stood at $1.6 billion in 2021, then decreased by 24.88% to $1.2 billion in 2022, then fell by 29.21% to $838.2 million in 2023, then soared by 47.65% to $1.2 billion in 2024, then rose by 21.8% to $1.5 billion in 2025.
  • Per Business Quant, the three most recent readings for COIN's Operating Expenses are $1.5 billion (Q4 2025), $1.4 billion (Q3 2025), and $1.5 billion (Q2 2025).