Filing Flows › Circle Internet Group (CRCL) › Q2 2026 › vs Q2 2025
Circle Internet Group (CRCL) Q2 2026 vs Q2 2025 (year over year)
Circle Internet Group's revenue rose $43.2M (+7%) from $658M in Q2 2025 to $701M in Q2 2026. Operating margin 4.9% against -49.5% (+54.4 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.9% | -49.5% | +54.4 pts |
| Net margin | 6.9% | -73.3% | +80.1 pts |
| Free cash flow margin | 73.6% | 37.3% | +36.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $701M | $658M | $43.2M | +7% |
| Other income, net | $17.9M | −$160M | $178M | — |
| Operating profit | $34.4M | −$326M | $360M | — |
| Costs & expenses | $667M | $984M | −$317M | -32% |
| Pre-tax earnings | $52.3M | −$486M | $538M | — |
| General & admin | $66.3M | $43.1M | $23.1M | +54% |
| Other operating costs | $601M | $941M | −$340M | -36% |
| Net earnings | $48.2M | −$482M | $530M | — |
| Income tax | $4.1M | −$3.9M | $8.0M | — |
| Depreciation & amortization | $29.9M | $14.2M | $15.7M | +110% |
| Share-based compensation | $53.6M | $435M | −$381M | -88% |
| Working capital & other | $386M | $280M | $106M | +38% |
| Operating cash flow | $517M | $247M | $270M | +109% |
| Free cash flow (OCF − capex) | $516M | $246M | $271M | +110% |
| Capital expenditures | $1.0M | $1.6M | −$522K | -34% |
Questions
How much did Circle Internet Group's revenue grow year over year in Q2 2026?
Circle Internet Group's revenue rose $43.2M (+7%) from $658M in Q2 2025 to $701M in Q2 2026. Operating margin 4.9% against -49.5% (+54.4 pts).