Subscription and Circulation — Revenue
Coinbase Global, Inc. Subscription and Circulation — Revenue decreased by 19.8% to $583.52M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 16.4%, from $698.11M to $583.52M. Over 4 years (FY 2021 to FY 2025), Subscription and Circulation — Revenue shows an upward trend with a 52.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates successful diversification into recurring revenue streams and higher customer retention through value-added services. A decrease may suggest reduced engagement with platform-specific features or lower participation in blockchain-based reward programs.
Detailed definition
This metric represents revenue generated from non-transactional services, including blockchain rewards, custodial fees,...
Peer comparison
Comparable to 'Platform and Services' or 'Recurring Revenue' segments in fintech and digital asset firms, where companies aim to reduce reliance on cyclical transaction volume.
coin_segment_subscription_and_circulation_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $102.63M | $145.08M | $213.38M | $151.86M | $147.39M | $210.51M | $282.82M | $361.69M | $335.40M | $334.43M | $375.37M | $510.94M | $599.04M | $556.09M | $641.06M | $698.11M | $655.83M | $746.72M | $727.39M | $583.52M |
| QoQ Change | — | +41.4% | +47.1% | -28.8% | -2.9% | +42.8% | +34.4% | +27.9% | -7.3% | -0.3% | +12.2% | +36.1% | +17.2% | -7.2% | +15.3% | +8.9% | -6.1% | +13.9% | -2.6% | -19.8% |
| YoY Change | — | — | — | — | +43.6% | +45.1% | +32.5% | +138.2% | +127.6% | +58.9% | +32.7% | +41.3% | +78.6% | +66.3% | +70.8% | +36.6% | +9.5% | +34.3% | +13.5% | -16.4% |
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Frequently Asked Questions
- What is Coinbase Global, Inc.'s subscription and circulation — revenue?
- Coinbase Global, Inc. (COIN) reported subscription and circulation — revenue of $583.52M in Q1 2026.
- How has Coinbase Global, Inc.'s subscription and circulation — revenue changed year-over-year?
- Coinbase Global, Inc.'s subscription and circulation — revenue decreased by 16.4% year-over-year, from $698.11M to $583.52M.
- What is the long-term trend for Coinbase Global, Inc.'s subscription and circulation — revenue?
- Over 4 years (2021 to 2025), Coinbase Global, Inc.'s subscription and circulation — revenue has grown at a 52.9% compound annual growth rate (CAGR), from $517.49M to $2.83B.
- What does subscription and circulation — revenue mean?
- Revenue earned from recurring services, staking rewards, and custodial fees rather than one-time trading commissions.