Coinbase Global, Inc.
Close on Nov 2, 2026Market cap $36.36BP/E –Yield –
Coinbase Global Transaction Expense — Total: $1,020M in FY2025, up 13.6% from a year earlier.
Where the FY2025 figure comes from
Source: Form 10-K FY2025 (0001679788-26-000015) ↗
Direct variable costs of processing trades, staking validator rewards, payment rails, and liquidity rebates (Q4 split via FY − 9M).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Transaction Expense — Total ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1,020 | +13.6% | Form 10-K FY2025 (0001679788-26-000015) ↗ |
| FY2024 | Dec 31, 2024 | 898 | +113.4% | Form 10-K FY2025 (0001679788-26-000015) ↗ |
| FY2023 | Dec 31, 2023 | 421 | – | Form 10-K FY2024 (0001679788-25-000022) ↗ |
Breakdown
What makes up transaction Expense — Total
- Transaction Expense (% of Net Revenue)15.0% · FY2025
- Blockchain Rewards Fees (Validator / Staking Payouts)428 · FY2025
- Payment Processing & Account Verification195 · FY2025
- Transaction Rebates & Commissions (Market-Maker & Derivatives Rebates)222 · FY2025
- Transaction Reversal Losses133 · FY2025
- Other Transaction Expenses (Onchain Gas & Custody Fees)44 · FY2025
Cite this data
StockData. (2026). Coinbase Global Transaction Expense — Total ($M), annual FY2023–FY2025 [Data set]. Compiled from Coinbase Global SEC filings and investor materials. https://stockdatahq.com/stocks/coin/kpis/tx-expense-total
See every metric in the Coinbase Global KPI table. Data updated Oct 31, 2026.