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Coinbase Global, Inc. COIN Business Segments

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Revenue by Product
Blockchain rewards$100.85M-33.5%$151.63M-17.9%$184.65M+27.8%$144.54M-26.5%$196.59M-8.5%
Consumer, net$566.9M-22.8%$733.88M-13.0%$843.54M+29.8%$649.91M-40.7%$1.1B-18.7%
Institutional, net$135.73M-26.6%$184.95M+37.0%$135.01M+122%$60.82M-38.5%$98.89M-30.0%
Other subscription and services revenue$109.43M-27.9%$151.74M+6.4%$142.66M+19.4%$119.48M-15.2%$140.9M+4.7%
Other transaction revenue$53.2M-16.6%$63.82M-5.7%$67.71M+26.5%$53.54M-21.0%$67.81M+0.3%
Stablecoin revenue$305.44M-16.1%$364.13M+2.7%$354.66M+6.7%$332.5M+21.3%$274.04M+21.3%
Revenue by Geography
International$228.58M-20.2%$286.58M-18.1%$349.9M+70.2%$205.59M-37.4%$328.64M-24.4%
U.S.$1.18B-20.8%$1.49B-1.6%$1.52B+17.6%$1.29B-24.3%$1.71B-7.2%

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Questions, answered.

How does Coinbase Global, Inc. break its business down?
Coinbase Global, Inc. (COIN) reports revenue by product across 6 parts — Blockchain rewards, Consumer, net, Institutional, net, Other subscription and services revenue and Other transaction revenue. Each is extracted from the segment footnotes and tracked over time.
Where does Coinbase Global, Inc.'s segment data come from?
Segment breakdowns are pulled from the segment footnotes in Coinbase Global, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.