Company / Operating Income
Coinbase Operating Income History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$1.4B
FY2025
5-year range
-$2.7B / $3.1B
FY2021-FY2025
Trend
-37.8%
vs FY2024
Sector context
#23 of 116
Financials
What the data says
Coinbase's operating income of $1.4B is higher than 80% of companies in the Financials sector (FY2025). Operating Income has fluctuated over the past 7 years, ranging from -$2.7B in FY2022 to $3.1B in FY2021.
Based on SEC 10-K filings.
$1.4B in FY2025 with a 5-year CAGR of +28.5%. Top quartile in the Financials sector.
Improved from -$162M to $1.4B over the past 2 years.
Financials sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- +28.5%
- 10-Year CAGR
- -
Sector benchmark
Top 20% in FinancialsTop 20% of 116This company $1.4B Sector average $1.1B
▼
+27.0% above sector average
Key checks
Key Insights
- 5-year CAGR of +28.5%, indicating consistent growth.
- In FY2025, operating income decreased 37.8% year-over-year.
- Ranks #23 out of 116 companies in the Financials sector.
- Peak operating income was recorded in FY2021.
Company context
Key Data Points
- Strong profit margin: 41.9%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 20.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.4B | -37.8% |
| FY2024 | $2.3B | +1527.2% |
| FY2023 | -$161.7M | +94.0% |
| FY2022 | -$2.7B | -188.1% |
| FY2021 | $3.1B | +652.3% |
| FY2020 | $409.0M | +993.2% |
| FY2019 | -$45.8M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026