Jun 2026 (Q2 FY26) — Aug 5, 2026
Circle Q2 FY26 — Strong USDC Growth, ARC Mainnet Launch, and Strategic Partnerships
Read the full callCircle (CRCL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Circle earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 701 | +6.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 4.9 | +54.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 48.2 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$81.37 −1.03% · −$0.85
Performance −35.7% 1Y
1Y: $126.49 on 17 Oct 2025 → $81.37. High $143.29 (27 Oct 2025), low $50.23 (5 Feb 2026).
- Previous close
- $82.22
- 52-week range
- $50.23 – $143.29
- One year
- −37.80%
Overview
- Symbol
- CRCL
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 11, 2026
Circle Internet Group Q1 FY26 — Arc Token Presale and Strong USDC Transaction Growth
Read the full callDec 2025 (Q4 FY25) — Feb 25, 2026
Circle Internet Group Q4 FY25 — Strong Growth in Stablecoin Network and AI Integration
Read the full callEvery analysed call
Circle earnings calls (CRCL)
Financials
What the filings say
Net profit, year on year: +110% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 446 | 435 | 579 | 658 | 740 | 770 | 694 | 701 |
| Operating profit | 64 | 1 | 93 | -326 | 81 | 55 | 45 | 34 |
| Operating margin | 14.3% | 0.2% | 16.1% | −49.5% | 10.9% | 7.2% | 6.5% | 4.9% |
| Other income | 22 | 10 | -3 | -160 | 72 | 85 | 12 | 18 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 86 | 10 | 90 | -486 | 153 | 140 | 57 | 52 |
| Tax rate | 17.6% | 57.2% | 27.9% | 0.8% | −40.0% | 4.8% | 2.5% | 7.8% |
| Net profit | 71 | 3 | 65 | -482 | 214 | 133 | 55 | 48 |
| EPS ($ per share) | 0 | — | 0 | -4.48 | 0.93 | — | 0.23 | 0.19 |
| Line item | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Reserves | — | -1,223 | -1,293 |
| Total liabilities | — | 44,124 | 75,382 |
| Fixed assets | — | 19 | 23 |
| Total assets | — | 45,834 | 78,713 |
| Line item | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Cash from operations | 140 | 345 | 542 |
| Cash from investing | 8,510 | 186 | -84 |
| Cash from financing | -20,330 | 19,450 | 31,936 |
| Net cash flow | -11,680 | 19,973 | 32,452 |
| Capital expenditure | -1 | -18 | -12 |
| Free cash flow | 139 | 326 | 530 |
CRCL revenue by segment
| Segment | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|
| Subscription and Services | — | — | 84% | 84% | — |
| Transaction Revenue | — | — | 16% | 16% | — |
| Other Services | 1% | 1% | <1% | <1% | -50.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
CRCL operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| USDC in circulation | $75.3BUSDC in circulation was $75.3 billion at year-end, up 72% year-on-year and notably grew faster than the overall CFX stablecoin market.Source: earnings call transcript | $77BFirst, we ended the quarter with $77 billion of USDC in circulation, representing 28% year-over-year growth.Source: earnings call transcript | — | +2.3% |
| Supported blockchain networks | 30+And we now support USDC on over 30 different blockchain networks with interoperability being a key piece of Circle's platform strategy.Source: earnings call transcript | 34USDC now operates on 34 different blockchain network platforms.Source: earnings call transcript | 35The software infrastructure that powers this open network runs on every major blockchain technology, spanning 35 blockchain networks and reaching users in 185 countries.Source: earnings call transcript | +2.9% |
| CCTP volume | $41B+As noted in my introductory comments, Circle's network grew strongly with 3.5x year-on-year growth in onchain transaction volume and notably, CCTP, a critical infrastructure for interoperable usage of USDC, grew 3.7x year-over-year to over $41 billion of volume in the fourth quarter.Source: earnings call transcript | <$50BAs you can see [Audio Gap] we've continued to scale the cross-team transfer protocol, reaching almost $50 billion of volume in Q1, representing 3x strategic customer capability with Arc.Source: earnings call transcript | — | — |
| Minting and redemption volume | $163BAnd that trust shows up in our fundamental liquidity with $75 billion of USDC in circulation and unmatched liquidity infrastructure that in Q4 supported $163 billion of minting and redemption volume.Source: earnings call transcript | <$150BWe also remain the most liquid and available digital dollar in the world, having minted and redeemed nearly $150 billion of USDC in Q1 alone, providing reliable and compliant digital dollar dial tone through our global liquidity network all around the world.Source: earnings call transcript | $170BAt the same time, we are seeing record amounts of minting and redemption of USDC with Mint on Redeem volume reaching $170 billion in Q2.Source: earnings call transcript | — |
| EURC in circulation | €310MIn the fourth quarter, EURC reached EUR 310 million, representing 3.8x year-on-year growth and has already grown 25% since quarter end to EUR 389 million as of February 20.Source: earnings call transcript | €358MAlongside USDC's growth, we are seeing strong growth from our other digital assets, EURC, which has long been the world's largest euro stable point, grew 2x year-over-year, ending the period at EUR 358 million.Source: earnings call transcript | — | +15.5% |
| Enrolled financial institutions Circle Payments Network | 55We have 55 financial institutions enrolled, that's up from 29 in the third quarter.Source: earnings call transcript | 136+We've now enrolled over 136 financial institutions into using CPN products, up 36% quarter-over-quarter.Source: earnings call transcript | 175We continue to enroll new financial institutions into the network with nearly 30% quarter-over-quarter growth, reaching 175 financial institutions, and the momentum has continued.Source: earnings call transcript | — |
| On-platform USDC | $12.5BUSDC held within Circle's platform infrastructure or on-platform USDC, grew 5.6x year-on-year to $12.5 billion at year-end, representing 17% of total circulation.Source: earnings call transcript | $13.7BUSDC held within Circle's platform infrastructure grew 3.5x year-over-year to $13.7 billion in the first quarter, representing 18% of total circulation.Source: earnings call transcript | $12.4BUSDC held within Circle's platform infrastructure increased 106% year-over-year to $12.4 billion, representing 17% of circulation.Source: earnings call transcript | -9.5% |
| Reserve return rate | 3.81%The reserve return rate was 3.81% for the fourth quarter, down 68 basis points year-on-year, reflecting the decline in SOFR during this period.Source: earnings call transcript | 3.5%The reserve return rate was 3.5% for the quarter, down 66 basis points year-on-year, reflecting the decline in [ SOFR ] during this period.Source: earnings call transcript | 3.48%The reserve return rate was 3.48% for the quarter down 66 basis points year-on-year, reflecting the decline in Sofa during the period.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
479 filings between Nov 3, 2025 and Oct 8, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$324.30M
323 sales by 10 insiders
91% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 16
- Award — granted as compensation
- 41
- Option exercise — converted options into shares
- 62
- Tax withheld — shares kept back by the company to cover tax
Also filed: 20 conversions, 12 other filings, 5 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Neville Patrick Sean | — | $123.23M | Sep 1, 2026 |
| Chandhok Nikhil | — | $60.66M | Oct 8, 2026 |
| Date Rajeev V | — | $41.93M | Jun 9, 2026 |
| Allaire Jeremy | — | $27.33M | Oct 5, 2026 |
| Tarbert Heath | — | $24.37M | Jun 10, 2026 |
| BURNS M MICHELE | — | $17.91M | Aug 20, 2026 |
| Fox-Geen Jeremy | — | $17.57M | Oct 2, 2026 |
| Razzaghi Hossein | — | $8.08M | Oct 2, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 8, 2026 | Chandhok Nikhil Chief Product & Tech. Officer | Sale 10b5-1 plan | 26,668 | $2.12M |
| Oct 8, 2026 | Chandhok Nikhil Chief Product & Tech. Officer | Option exercise 10b5-1 plan | 23,334 | $602.3K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 894 | $74.7K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 33,145 | $2.77M |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 894 | $74.7K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 352 | $29.1K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 895 | $74.8K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 36 | $3.1K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 37 | $3.2K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 352 | $29.1K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 36 | $3.1K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 234 | $19.8K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 233 | $19.7K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 13,035 | $1.08M |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 352 | $29.1K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 233 | $19.7K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 351 | $29.0K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 1,354 | $115.4K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 894 | $74.7K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 234 | $19.8K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 37 | $3.2K |
| Oct 5, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 8,666 | $732.6K |
| Oct 2, 2026 | Schulz Tamara L Chief Accounting Officer | Sale 10b5-1 plan | 1,194 | $102.4K |
| Oct 2, 2026 | Fox-Geen Jeremy Chief Financial Officer | Sale 10b5-1 plan | 4,238 | $363.5K |
| Oct 2, 2026 | Razzaghi Hossein Chief Commercial Officer | Sale 10b5-1 plan | 1,830 | $157.0K |
| Oct 1, 2026 | Tarbert Heath President | Tax withheld | 7,988 | $656.4K |
| Oct 1, 2026 | Schulz Tamara L Chief Accounting Officer | Tax withheld 10b5-1 plan | 1,031 | $84.7K |
| Oct 1, 2026 | Fox-Geen Jeremy Chief Financial Officer | Tax withheld 10b5-1 plan | 3,876 | $318.5K |
| Oct 1, 2026 | Razzaghi Hossein Chief Commercial Officer | Tax withheld 10b5-1 plan | 1,717 | $141.1K |
| Oct 1, 2026 | Chandhok Nikhil Chief Product & Tech. Officer | Tax withheld | 3,815 | $313.5K |
| Sep 22, 2026 | Fox-Geen Jeremy Chief Financial Officer | Option exercise | 598 | $29.0K |
| Sep 22, 2026 | Fox-Geen Jeremy Chief Financial Officer | Option exercise | 2,155 | $71.0K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 404 | $39.5K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 297 | $28.7K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 595 | $58.6K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 184 | $18.3K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 36 | $3.6K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 184 | $18.3K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 297 | $28.7K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 404 | $39.5K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 595 | $58.6K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 185 | $18.4K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 36 | $3.6K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 36 | $3.6K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 35 | $3.5K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 296 | $28.6K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 185 | $18.4K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 403 | $39.4K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 404 | $39.5K |
| Sep 8, 2026 | Allaire Jeremy Chairman and CEO | Sale 10b5-1 plan | 596 | $58.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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