Circle Internet Group (CRCL) Q3 FY2026 earnings: revenue $865 million, up 16.9% on the year
Circle Internet Group, Inc. (CRCL) reported revenue of $865 million for Q3 FY2026, the quarter ended 30 September 2026, up 16.9% on the same quarter a year earlier. Net income was $226 million, up 5.4% on the year, and diluted earnings per share $0.84. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.
Revenue
$865 million
+16.9% on the year · +23.3% on the quarter
Q3 FY2024Q3 FY2026
Operating margin
24.1%
11.0% a year earlier
Q3 FY2024Q3 FY2026
Net income
$226 million
+5.4% on the year · +368.7% on the quarter
Q3 FY2024Q3 FY2026
Diluted EPS
$0.84
+31.2% on the year · +366.7% on the quarter
Q3 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 4 raised, 1 new, 6 kept.
ARC presale lifted Other Revenue: Other Revenue reached $207 million, up 627%, with $182 million from the ARC token presale; lower subscription and services revenue partly offset this.
Adjusted EBITDA rose 85%: Adjusted EBITDA was $317 million, up 85%, reflecting the ARC presale revenue and lower distribution costs, partly offset by investment in new products.
Reserve income fell 8%: Reserve income was $658 million, down 8%, mainly from a 61 bps lower Reserve Return Rate, partly offset by 8% higher average USDC in circulation.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
-15.5
517
-10.7
Capital expenditure
20.0
1.0
4.1
+1,840.6%
+393.5%
Free cash flow
-35.6
516
-14.7
Free cash flow margin
-4.1%
73.6%
-2.0%
Cash from investing
-43.3
-22.0
-20.3
Cash from financing
561
-3,907
12,518
-95.5%
Depreciation and amortisation
34.2
29.9
23.0
+14.3%
+48.5%
Share-based compensation
43.1
53.6
59.1
-19.6%
-27.1%
Diluted shares, weighted
268m
269m
267m
-0.3%
+0.4%
Shares outstanding at period end
257m
254m
235m
+1.1%
+9.0%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
3,862
3,509
3,023
+10.1%
+27.8%
Non-controlling interest
1.4
1.4
n/a
+2.5%
Redeemable equity
0.0
0.0
0.0
Debt
n/a
n/a
0.0
Operating lease liabilities
12.4
12.2
12.3
+1.3%
+0.3%
Other liabilities
73,850
73,643
73,745
+0.3%
+0.1%
Total liabilities and equity
77,726
77,165
76,781
+0.7%
+1.2%
Fixed assets
21.1
22.2
23.5
-4.6%
-9.9%
Goodwill
266
266
266
0.0%
-0.2%
Intangible assets
446
447
412
-0.1%
+8.3%
Investments
124
104
81.8
+19.9%
+52.1%
Cash and equivalents
1,700
1,730
1,349
-1.7%
+26.0%
Receivables
68.0
105
22.2
-35.5%
+206.8%
Other assets
75,100
74,492
74,626
+0.8%
+0.6%
Total assets
77,726
77,165
76,781
+0.7%
+1.2%
Questions
What was Circle Internet Group's revenue in Q3 FY2026?
Circle Internet Group (CRCL) reported revenue of $865 million for Q3 FY2026, the quarter ended 30 September 2026, up 16.9% on the same quarter a year earlier.
How much did Circle Internet Group earn in Q3 FY2026?
Net income for Q3 FY2026 was $226 million, up 5.4% on the year, and diluted earnings per share $0.84.
When did Circle Internet Group report Q3 FY2026 results?
Circle Internet Group filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.