Coinbase vs Robinhood — Stock-Based Compensation Comparison

Coinbase (COIN) stock-based compensation was $839M in FY2025 (-8% YoY); Robinhood (HOOD) stock-based compensation was $305M in FY2025 (+0% YoY). The tables below show the complete quarterly and annual stock-based compensation history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Coinbase	Robinhood
2025	$839M	$305M
2024	$913M	$304M
2023	$865M	$871M
2022	$1.6B	$654M
2021	$821M	$1.6B
2020	$73M	$24M
2019	$52M	$27M

Coinbase — Annual Stock-Based Compensation

Fiscal Year	Stock-Based Compensation	YoY
2025	$839M	-8%
2024	$913M	+6%
2023	$865M	-45%
2022	$1.6B	+91%
2021	$821M	+1030%
2020	$73M	+40%
2019	$52M

Robinhood — Annual Stock-Based Compensation

Fiscal Year	Stock-Based Compensation	YoY
2025	$305M	+0%
2024	$304M	-65%
2023	$871M	+33%
2022	$654M	-58%
2021	$1.6B	+6450%
2020	$24M	-10%
2019	$27M

Source: COIN on EDGAR · HOOD on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.