For the quarter ended December 2025, Coinbase Global, Inc. (COIN) reported revenue of $1.78 billion, down 21.6% over the same period last year. EPS came in at $0.66, compared to $3.39 in the year-ago quarter.
The reported revenue represents a surprise of -0.55% over the Zacks Consensus Estimate of $1.79 billion. With the consensus EPS estimate being $0.92, the EPS surprise was -28.26%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Coinbase Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Trading Volume: $296.00 billion versus the six-analyst average estimate of $279.23 billion.
- Monthly Transacting Users(MTUs): 9.2 million compared to the 9.37 million average estimate based on five analysts.
- Trading Volume - Institutional: $237.00 billion versus $228.36 billion estimated by five analysts on average.
- Trading Volume - Consumer: $59.00 billion versus the five-analyst average estimate of $54.33 billion.
- Net Revenue- Total Subscription and services: $727.4 million compared to the $735.15 million average estimate based on eight analysts. The reported number represents a change of +13.5% year over year.
- Other revenue: $71.09 million versus $73.98 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -4.7% change.
- Net Revenue- Transaction revenue: $982.7 million versus $1.03 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -36.8% change.
- Net revenue: $1.71 billion versus $1.79 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -22.2% change.
- Net Revenue- Subscription and services- Blockchain: $151.6 million versus the six-analyst average estimate of $173.31 million. The reported number represents a year-over-year change of -29.5%.
- Net Revenue- Subscription and services- Other subscription and services: $151.7 million compared to the $136.59 million average estimate based on six analysts. The reported number represents a change of +66% year over year.
- Net Revenue- Subscription and services- Interest and finance fee income: $59.9 million versus the five-analyst average estimate of $61.61 million. The reported number represents a year-over-year change of -8.8%.
- Net Revenue- Subscription and services- Stablecoin Revenue: $364.1 million compared to the $355.44 million average estimate based on five analysts. The reported number represents a change of +61.2% year over year.
View all Key Company Metrics for Coinbase Global here>>>
Shares of Coinbase Global have returned -40.1% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Coinbase Global, Inc. (COIN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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