Filing Flows › Circle Internet Group (CRCL) › Q2 2026
Circle Internet Group (CRCL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Circle Internet Group (CRCL) reported revenue of $701M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +1% from the quarter before. Operating margin was 4.9%, net earnings $48.2M (6.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $701M | +1% | +7% |
| Operating profit | $34.4M | -24% | — |
| Net earnings | $48.2M | -13% | — |
| Operating cash flow | $517M | 25× | +109% |
| Free cash flow | $516M | 44× | +110% |
What changed
Revenue was $701.3M in Q2 2026, up 7% year over year and up 1% from the previous quarter.
Operating profit was $34.4M, a 4.9% margin (up 54.4 points year over year). Total costs fell 32% while revenue rose 7%. The fastest-growing cost line was General & admin (+54%). Net earnings were $48.2M. The effective tax rate was 7.8%. Non-operating items added $17.9M, 34% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $517.4M (up 109% year over year), 1073% of net earnings. Non-cash charges added back $29.9M of depreciation and amortization and $53.6M of share-based compensation. Working capital and other items added $385.7M. Capital expenditures of $1.0M left free cash flow of $516.4M.
Questions
What was Circle Internet Group's revenue in the second quarter 2026?
Circle Internet Group (CRCL) reported revenue of $701M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +1% from the quarter before.
Was Circle Internet Group profitable in the second quarter 2026?
Operating profit was $34.4M (4.9% of revenue) and net earnings $48.2M.