
Circle's Q3 earnings beat estimates as payment volumes surged and Arc adoption expanded, but reserve income declines and distribution costs pose challenges.
Circle Internet Group, Inc. is a platform, network, and market infrastructure for stablecoin and blockchain applications. The company is headquartered in New York, New York.
| Revenue (TTM) | $3.03B |
| Gross Profit (TTM) | $805.41M |
| EBITDA | $359.80M |
| Operating Margin | 24.10% |
| Return on Equity | 13.40% |
| Return on Assets | 0.28% |
| Revenue/Share (TTM) | $12.33 |
| Book Value | $15.08 |
| Price-to-Book | 4.62 |
| Price-to-Sales (TTM) | 5.75 |
| EV/Revenue | 5.39 |
| EV/EBITDA | 27.50 |
| Quarterly Earnings Growth (YoY) | 32.10% |
| Quarterly Revenue Growth (YoY) | 16.90% |
| Shares Outstanding | $237.49M |
| Float | $208.21M |
| % Insiders | 2.22% |
| % Institutions | 68.84% |
Volatility is currently expanding

Circle's Q3 earnings beat estimates as payment volumes surged and Arc adoption expanded, but reserve income declines and distribution costs pose challenges.

Circle Internet Group NYSE: CRCL reported higher third-quarter revenue and adjusted earnings, helped by $182 million in revenue from its ARC token presale, even as circulation of its USDC stablecoin remained flat from a year earlier.

Circle CEO Jeremy Allaire joins 'Squawk on the Street' to discuss the midterm election results, security risks in the crypto industry, and more.

Circle Internet Group, Inc. (CRCL) Q3 2026 Earnings Call Transcript

Circle Internet Group (NYSE: CRCL | CRCL Price Prediction) announced its third-quarter earnings, reporting revenue and reserve income of $865 million, up 17% from the same quarter last year.

Although the revenue and EPS for Circle Internet Group, Inc. (CRCL) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Circle Internet Group, Inc. (CRCL) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.64 per share a year ago.

Circle Internet heads into Q3 earnings with rising USDC adoption and payment activity, but lower reserve yields and higher expenses are likely to have pressured profitability.

Circle Internet Group is rated HOLD with a 12-month price target of $73, 8% below the recent close. CRCL's margin ('keep') is pressured by reserve income shifts to Coinbase, dropping to ~36.4% in Q3, with further downside risk. ARC token presale revenue could temporarily boost reported margins, but underlying business is shrinking (~7% YoY).

Stock futures are pointing higher Monday morning after the leading indexes plunged Friday; some tech stocks look poised to rebound a bit today, with a big deal announcement arriving, though shares of Intel, which plummeted to close last week; were lower premarket; crypto markets are showing signs of stabilization after a high-profile hack to finish last week; and investors are looking ahead to another busy week of earnings results, starting this afternoon with Apple and Palantir.
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