Coinbase Beats Q3 Forecasts as Transaction Revenue Jumps to $1 Billion

Coinbase reported a strong third quarter in 2025, with revenues of $1.9 billion, a 26% increase from the previous quarter and surpassing Wall Street expectations of $1.8 billion. Earnings per share hit $1.50, exceeding the forecast of $1.10. The company achieved a net income of $433 million, down from $1.4 billion in the previous quarter but significantly up from $75 million a year ago. Transaction revenue surged to $1 billion, marking a 37% increase sequentially and a rise from $573 million from the same period last year. The increase in revenue is attributed to higher crypto trading volumes, particularly as Bitcoin and Ethereum reached all-time highs. Coinbase also earned $355 million from stablecoin revenue, up 43% year-over-year, and $185 million from blockchain rewards. Additionally, Coinbase is exploring the launch of a token for its Ethereum Layer-2 network, Base, which could add substantial value according to analysts.

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