Binance
Financial Performance
Binance Revenue & Financials
Revenue
$16B (FY2025, unaudited)
Employees
5,000
What is Binance's revenue?
Binance had $16B (unaudited) in revenue for fiscal year 2025.
- Latest revenue
- $16B (FY2025, unaudited)
- Years of data
- 4
- Employees
- 5,000
- How many employees does Binance have?
- Binance has about 5,000 employees.
Financial Analysis
Binance does not publish audited accounts, so every revenue figure is an outside estimate. Fortune put 2022 revenue at about $12 billion. Bloomberg's billionaires index estimated $9.8 billion for the 12 months to March 2024, using tracked trading volume and published fee rates. In March 2026 Forbes quoted an Artemis analyst estimating $16 billion to $17 billion a year in 2024 and 2025, about two and a half times Coinbase's $6.6 billion. Forbes valued Binance at about $100 billion and estimated CZ's stake at roughly 90%. The only disclosed outside equity investment is MGX's $2 billion minority stake from March 2025, settled in the USD1 stablecoin. The largest known cost was the roughly $4.3 billion US penalty agreed in November 2023. Binance is the world's largest cryptocurrency exchange by trading volume, historically commanding private market valuations exceeding $60 billion.
Revenue Trend Analysis
Trend
Not enough comparable years
Binance has 4 full fiscal year figures on this page. There are not enough consecutive, comparable fiscal years to measure a trend.
Annual revenue history
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2025unaudited | $16B | — | Artemis analyst estimate quoted by Forbes (March 10, 2026) Estimated at $16 billion to $17 billion a year for 2024 and 2025; lower bound shown. Binance reported $34 trillion of trading volume in 2025. |
| FY2024unaudited | $16B | — | Artemis analyst estimate quoted by Forbes (March 10, 2026) Estimated at $16 billion to $17 billion a year for 2024 and 2025; lower bound shown. Not company-reported. |
| FY2023unaudited | $9.8B | — | Bloomberg Billionaires Index estimate Trailing 12 months to March 2024, modelled from tracked spot and derivatives volume and published fee rates. Not company-reported. |
| FY2022unaudited | $12B | — | Fortune estimate (Inside Binance's risky business, March 2023) Outside estimate. Binance does not publish audited revenue. |
Click any row to see year details.
Keep researching Binance
Binance Revenue and Financial FAQ
How much revenue does Binance make?
Binance does not publish its revenue. Outside estimates: about $12 billion for 2022 (Fortune), $9.8 billion for the 12 months to March 2024 (Bloomberg), and $16 billion to $17 billion a year for 2024 and 2025 (an Artemis analyst quoted by Forbes). Binance says it handled $34 trillion of trading in 2025.
What did the 2023 US settlement cost Binance?
Binance agreed to pay about $4.3 billion to the Justice Department, FinCEN, OFAC and the CFTC, one of the largest corporate penalties in US history, and accepted independent compliance monitors. Binance said customer funds would not be used.
What is SAFU?
The Secure Asset Fund for Users is an emergency reserve Binance set up in 2018 from a share of trading fees. It covered the 7,000 BTC hack in 2019 and is held at about $1 billion in publicly viewable wallets.
How much customer crypto does Binance hold?
Binance reported more than $160 billion of user assets at the end of 2024. It publishes monthly proof of reserves using Merkle trees and zk-SNARKs so users can check that their balances are covered.
How does the BNB auto-burn mechanism impact the supply and value of BNB?
Binance implements a programmatic Auto-Burn mechanism that automatically calculates the amount of BNB to be burned each quarter based on BNB price and blocks produced on BNB Chain, permanently reducing the circulating supply toward a target cap of 100 million BNB.
Is Binance a public company?
No. Binance is private and not listed on any stock exchange. Forbes estimated in March 2026 that CZ owns about 90% of it and valued it at about $100 billion. MGX holds a minority stake bought for $2 billion in March 2025.
How does Binance manage global corporate treasury and fiat banking reserves?
Binance manages multi-currency fiat reserves through regulated banking partners, electronic money institutions (EMIs), and payment processors across jurisdictions including Bahrain, Dubai, France, Italy, Spain, and Japan to facilitate local fiat deposits and withdrawals.
What are Binance's primary operating expenditures?
Binance's major operational expenses include regulatory compliance staffing (hundreds of millions spent annually on legal and KYC/AML infrastructure), global cloud server and low-latency matching engine hosting (AWS), security auditing, and customer support operations.
Is Binance profitable?
Yes, it is immensely profitable, though as a private company it does not disclose public financials. However, it easily absorbed a massive, historic $4.3 billion fine from the US Department of Justice in 2023 without going bankrupt.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Binance Revenue & Financials." CorpDigest, https://corpdigest.com/company/binance/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Binance reported $16B as its latest revenue figure (2025, unaudited, not audited fiscal-year revenue).</strong><br>Source: <a href="https://corpdigest.com/company/binance/financials" target="_blank" rel="noopener">CorpDigest — Binance financials</a></div>Related Financial Audits
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