Overview
- The company reported net income of $432.6 million, or $1.50 per share, up from $75.5 million, or $0.28, a year earlier.
- Transaction revenue rose to $1.05 billion, while subscription and services revenue reached $746.7 million, including $354.7 million tied to stablecoin activity.
- Shares fell during the session ahead of the release but climbed more than 3% after the results were posted.
- EPS of $1.50 exceeded Wall Street’s pre-report consensus of roughly $1.09–$1.10, with total revenue tracking near the $1.78–$1.80 billion expectation.
- Coinbase told shareholders it is accelerating payments through stablecoin adoption, citing policy tailwinds and institutional demand, and it recently announced a payments partnership with Citi.