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Circle Internet Group, Inc. Class A (CRCL)
NYSE:CRCL
Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-4.48Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive outlook supported by very strong YoY growth in USDC circulation, massive increases in onchain transaction volume, robust Q4 revenue and profitability expansion, meaningful product and ecosystem progress (Arc Testnet, CCTP, CPN, StableFX) and accelerating enterprise partnerships. Key risks include a lower reserve return rate tied to market interest rates, rising distribution/transaction costs and investment-driven operating expense growth, regulatory uncertainty (CLARITY pending) and some lumpy, one-time revenue items. On balance the positives (large growth rates, expanding platform, high margins and strong liquidity) materially outweigh the negatives.Company Guidance
USDC Circulation Growth
USDC in circulation reached $75.3 billion at year-end, up 72% year-over-year, outpacing the broader CFX stablecoin market.
Massive Onchain Transaction Volume
Onchain USDC transaction volume hit nearly $12 trillion in Q4 (≈247% YoY / ~3.5x YoY), reflecting substantially higher velocity and utility of digital dollars.
Strong Q4 Financial Results and Profitability
Total revenue and reserve income for Q4 were $770 million, up 77% YoY. Adjusted EBITDA was $167 million (up 412% YoY) with an adjusted EBITDA margin of 54%. Total revenue & reserve income less distribution/transaction/other costs grew 136% YoY to $309 million.
Increasing On-Platform Balances and Tokenized Assets
USDC held on Circle’s platform grew 5.6x YoY to $12.5 billion (17% of circulation). EURC reached €310 million in Q4 (3.8x YoY) and grew to €389 million (+25% since quarter end). USYC money market fund assets were $1.5 billion at year-end and have since exceeded $1.7 billion.
Platform Expansion — Arc, CCTP and New Apps
Arc Testnet launched with 100+ companies, near 100% uptime, ~0.5 second settlement finality, >166 million testnet transactions and ~2.3 million daily transactions in testing; Mainnet on track for 2026. CCTP grew 3.7x YoY to >$41 billion volume in Q4 and reached ~62% of tracked bridge volume in January. StableFX launched in beta and xReserve expanded interoperability.
Payments Network Traction (CPN)
Circle Payments Network enrolled 55 financial institutions (up from 29 in Q3), 74 FIs in eligibility review, live flows in 14 markets and an annualized trailing-30-day volume of $5.7 billion as of Feb 20 (+68% since the prior quarter update).
Strategic Partnerships and Market Share Gains
Deepening enterprise integrations with partners including Intuit, Visa (USDC settlement outside normal banking hours), Polymarket, Cash App, Gusto, Interactive Brokers, JPMorgan and Mastercard. Visa analysis showed Circle’s share of transaction volume rose from 39% in Q3 to nearly 50% in Q4.
Liquidity and Mint/Redemption Capacity
Circle supported $163 billion of minting and redemption volume in Q4, underpinning the claimed market-leading liquidity infrastructure for USDC.
FY25 Guidance Delivery and FY26 Financial Targets
FY25 other revenue of $110 million exceeded prior guidance. Guidance for FY26 includes other revenue of $150–170 million, an RLDC margin of 38–40%, and adjusted operating expenses of $570–585 million reflecting continued platform investments.
Circle Internet Group, Inc. Class A (CRCL) Earnings, Revenues Date & History
CRCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CRCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $61.37 | $83.14 | +35.47% |
Nov 12, 2025 | $98.30 | $86.30 | -12.21% |
Aug 12, 2025 | $161.17 | $163.21 | +1.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Circle Internet Group, Inc. Class A (CRCL) report earnings?
Circle Internet Group, Inc. Class A (CRCL) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).
What is Circle Internet Group, Inc. Class A (CRCL) earnings time?
Circle Internet Group, Inc. Class A (CRCL) earnings time is at Aug 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRCL EPS forecast?
Currently, no data Available
