Coinbase Q4 Revenue Seen at $1.9B with EPS ESP of –30.95%
Coinbase’s Q4 2025 revenues are forecast at $1.9B, up 18.8%, while the $1.15 EPS consensus implies a 66.1% drop, a –30.95% ESP driven by a $0.79 estimate. Trading volume is projected to fall 36.4% to 279M, cutting transaction revenue to $1.034B, while subscription and services revenues are estimated at $754.65M.
1. Q4 Earnings Estimates
Coinbase is expected to report Q4 2025 revenues of $1.9 billion, up 18.8% year-over-year, with consensus EPS of $1.15 representing a 66.1% decline. Subscription and services revenues are projected between $710 million and $790 million, with the consensus at $754.65 million.
2. Model Signals and Earnings ESP
Consensus EPS estimates have fallen 6.5% over the past 30 days, with the most accurate forecast at $0.79 driving a –30.95% Earnings ESP. The company holds a Rank #4 rating under the predictive model, indicating limited odds of an upside earnings surprise.
3. Volume Declines and Transaction Revenue
Trading volume is projected to decline 36.4% to 279 million, which would reduce transaction revenues by 33.5% to $1.034 billion. Lower cryptocurrency prices and reduced institutional activity are expected to weigh on fee income, while growth in stablecoin-related and subscription services offers some support.
4. Dogecoin Forecast and Exchange Impact
An analyst predicts Dogecoin could plunge 50% to $0.05 by year-end 2026, citing its lack of utility and institutional appeal. Such a steep Dogecoin sell-off on Coinbase could further depress trading volumes and fee-based revenues.