Filing Flows › Circle Internet Group (CRCL) › Q2 2026 › vs Q1 2026
Circle Internet Group (CRCL) Q2 2026 vs Q1 2026 (quarter over quarter)
Circle Internet Group's revenue rose $7.2M (+1%) from $694M in Q1 2026 to $701M in Q2 2026. Operating margin 4.9% against 6.5% (-1.6 pts).
Circle Internet Group, Q2 2026: revenue $701M (+7% year over year), operating margin 4.9%, net earnings $48.2M, operating cash flow $517M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.9% | 6.5% | -1.6 pts |
| Net margin | 6.9% | 8.0% | -1.1 pts |
| Free cash flow margin | 73.6% | 1.7% | +71.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $701M | $694M | $7.2M | +1% |
| Other income, net | $17.9M | $11.7M | $6.3M | +54% |
| Operating profit | $34.4M | $45.0M | −$10.6M | -24% |
| Costs & expenses | $667M | $649M | $17.8M | +3% |
| Pre-tax earnings | $52.3M | $56.7M | −$4.4M | -8% |
| General & admin | $66.3M | $57.3M | $9.0M | +16% |
| Other operating costs | $601M | $592M | $8.8M | +1% |
| Net earnings | $48.2M | $55.2M | −$7.0M | -13% |
| Income tax | $4.1M | $1.4M | $2.7M | +184% |
| Depreciation & amortization | $29.9M | $26.8M | $3.1M | +12% |
| Share-based compensation | $53.6M | $51.8M | $1.8M | +3% |
| Working capital & other | $386M | −$113M | $498M | — |
| Operating cash flow | $517M | $21.1M | $496M | 25× |
| Free cash flow (OCF − capex) | $516M | $11.7M | $505M | 44× |
| Capital expenditures | $1.0M | $9.4M | −$8.3M | -89% |
Questions
How much did Circle Internet Group's revenue grow quarter over quarter in Q2 2026?
Circle Internet Group's revenue rose $7.2M (+1%) from $694M in Q1 2026 to $701M in Q2 2026. Operating margin 4.9% against 6.5% (-1.6 pts).