Coinbase Global (MEX:COIN) Total Operating Expense: MXN74,777 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:COIN Coinbase Global Inc MEX:COIN
78 GF Score
Price MXN2,898.00
GF Value MXN4,169.44
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Coinbase Global Total Operating Expense?

Coinbase Global MEX:COIN +2.77% 78 Total Operating Expense is MXN74,777 Mil as of Mar. 2026. GuruFocus rates MEX:COIN with a GF Score™ of 78/100 and a GF Value™ of MXN4,169.44 (Possible Value Trap). The stock has 9 warning signs investors should review.

Coinbase Global's Total Operating Expense for the three months ended in Mar. 2026 was MXN17,504 Mil. Coinbase Global's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN74,777 Mil.

Coinbase Global Total Operating Expense Related Terms

Coinbase Global Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Coinbase Global's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Coinbase Global Total Operating Expense Chart

Coinbase Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial 59,336.73 87,958.58 34,399.60 55,753.46 70,293.53

Coinbase Global Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16,254.14 20,793.86 17,416.08 19,063.19 17,503.51
MEX:COIN
78GF Score
Coinbase Global Inc MEX:COIN
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coinbase Global Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN74,777 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of MXN74,777 Mil mean?
Coinbase Global (MEX:COIN) has a Total Operating Expense of MXN74,777 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Coinbase Global and its competitors.
Is Coinbase Global's Total Operating Expense too high?
Coinbase Global's current Total Operating Expense is MXN74,777 Mil. Overall, Coinbase Global has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's Total Operating Expense compare to MSCI and NDAQ?
Coinbase Global's Total Operating Expense of MXN74,777 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Capital Markets company?
A good Total Operating Expense depends on the Capital Markets industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Coinbase Global and its competitors. Coinbase Global's current Total Operating Expense is MXN74,777 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coinbase Global stock overvalued right now?
Based on GuruFocus' analysis, Coinbase Global (MEX:COIN) is currently considered Possible Value Trap. The stock's GF Value™ is MXN4,169.44, compared to a current price of MXN2,898.00 — trading 30.5% below its estimated fair value. The current Total Operating Expense is MXN74,777 Mil. Coinbase Global's overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Coinbase Global (MEX:COIN), the current Total Operating Expense is MXN74,777 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Coinbase Global (MEX:COIN) Overvalued in 2026?

Based on GuruFocus' analysis, Coinbase Global stock appears to be undervalued. The current stock price of MXN2,898.00 is trading 30.5% below its estimated GF Value™ of MXN4,169.44. GuruFocus considers Coinbase Global to be Possible Value Trap.

Key valuation signals for MEX:COIN:

  • Total Operating Expense: MXN74,777 Mil
  • GF Value™: MXN4,169.44 vs. price of MXN2,898.00 (30.5% below fair value)
  • GF Score™: 78/100 with 9 warning signs

No single metric tells the full story. See the MEX:COIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Coinbase Global Business Description

Address One Madison Avenue, Suite 2400, New York, NY, USA, 10010
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
78GF Score

Get the complete analysis for MEX:COIN

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,898.00
Price
MXN4,169.44
GF Value