Filing Flows › Circle Internet Group (CRCL) › Q3 2026 › vs Q2 2026
Circle Internet Group (CRCL) Q3 2026 vs Q2 2026 (quarter over quarter)
Circle Internet Group's revenue rose $164M (+23%) from $701M in Q2 2026 to $865M in Q3 2026. The biggest changes: Other +$182M (1,899×); Other revenues −$10.1M (-2%); Subscription and services −$8.6M (-30%). Operating margin 24.1% against 4.9% (+19.2 pts).
Circle Internet Group, Q3 2026: revenue $865M (+17% year over year), operating margin 24.1%, net earnings $226M, operating cash flow −$15.5M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 24.1% | 4.9% | +19.2 pts |
| Net margin | 26.1% | 6.9% | +19.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Other | $182M | $96K | $182M | 1,899× |
| Subscription and services | $19.6M | $28.2M | −$8.6M | -30% |
| Transaction revenue | $5.3M | $5.3M | $5K | +0.1% |
| Other revenues | $658M | $668M | −$10.1M | -2% |
| Revenue | $865M | $701M | $164M | +23% |
| Other income, net | $19.9M | $17.9M | $2.0M | +11% |
| Operating profit | $208M | $34.4M | $174M | +506% |
| Costs & expenses | $657M | $667M | −$10.4M | -2% |
| Pre-tax earnings | $228M | $52.3M | $176M | +336% |
| General & admin | $59.5M | $66.3M | −$6.7M | -10% |
| Other operating costs | $597M | $601M | −$3.7M | -0.6% |
| Net earnings | $226M | $48.2M | $178M | +369% |
| Income tax | $2.2M | $4.1M | −$1.9M | -45% |
| Operating cash sources | $319M | −$386M | $705M | — |
| Depreciation & amortization | $34.2M | $29.9M | $4.3M | +14% |
| Share-based compensation | $43.1M | $53.6M | −$10.5M | -20% |
| Cash used in operations | $15.5M | −$517M | $533M | — |
| Working capital & other | $319M | −$386M | $705M | — |
Questions
How much did Circle Internet Group's revenue grow quarter over quarter in Q3 2026?
Circle Internet Group's revenue rose $164M (+23%) from $701M in Q2 2026 to $865M in Q3 2026.
What drove Circle Internet Group's revenue change in Q3 2026?
Other +$182M (1,899×); Other revenues −$10.1M (-2%); Subscription and services −$8.6M (-30%).