Coinbase reported $ 1.5 billion in revenue for Q2 2025, an increase of 3.3% from one year earning but 26% declines from the previous quarter, as low retail activation on results.
Summary
- Q2 Revenue 3.3% Year-Over-Over increased to $ 1.5B, but remembered the analyst targets.
- Retail trading lagged behind, which climbed Stabeloin Revenue 12%.
- Coinbase plans to expand RWA, derivatives and tokens.
The company’s income per share is estimated at $ 0.12, the remote blue analyst estimates $ 1.19, which is raw for its 31 shareholder letter.
Despite an increase in more than a modest year-older, the company decreased with the expectations of the analyst in several magistrates. The retail trading volume reached $ 43 billion, which is of missing forecasts of $ 48.05 billion, the total trading volume of 237 billion dollars.
Stabelcoin supports revenue growth
The 9% year-over-year supported by StableCoin income in coinbase’s subscription and services has increased to $ 655.8 million. StableCoin revenue alone rose 12% from Q1 to $ 332 million, with a USD coin (USDC) issuer, with a revenue-sharing deal with the circle. The coinbase holds 100% revenue on the USDC held on its platform and is about 50% of the USDC activity elsewhere.
Nevertheless, overall membership and services revenue came in the expectations of $ 705.9 million Blue Analyst. Blockchain revenue
Retail activity slows down the new product push
While institutional trading volume $ 194 billion beat estimates, retail trade, usually more profitable, lagged behind. The recession followed the strong performance of Q1, as the inventor’s attention was transferred from Crypto to Washington to tariff and policy headlines.
The coinbase shares fell by 6% in extended trading after the result. However, year-on-year, the stock is still more than 50%, performing better than S&P 500, which joined May.
Looking further, Coinbase planned to make its section offerings wider. The company announced that it would soon launch the real -world assets, derivatives, predicted markets and early stage token sail os apps, which would begin with users.