Coinbase Global (COIN) Revenue — Quarter Ended Sep 30, 2025
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company's trailing twelve-month revenue reflects a substantial total over the past year.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company's trailing twelve-month revenue reflects a substantial total over the past year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+24.8%
Change from the immediately preceding quarter.
Year-over-year
+55.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $2.3B | +138.2% |
| Mar 31, 2025 | $2B | +24.2% |
| Jun 30, 2025 | $1.5B | +3.3% |
| Sep 30, 2025 | $1.9B | +55.1% |
Revenue performance
Reported revenue rose from the prior quarter, continuing a pattern of sequential growth after a decline in the previous period.
Quarterly comparison
Compared to the same quarter one year ago, revenue was significantly higher. The increase from the prior quarter was also notable, reversing the decline seen in the preceding sequential comparison.
What to watch
Given the company's reliance on the cryptoeconomy, revenue trends may remain sensitive to fluctuations in crypto asset prices and market acceptance.