Filing Flows › Circle Internet Group (CRCL) › Q3 2026 › vs Q3 2025
Circle Internet Group (CRCL) Q3 2026 vs Q3 2025 (year over year)
Circle Internet Group's revenue rose $125M (+17%) from $740M in Q3 2025 to $865M in Q3 2026. The biggest changes: Other +$182M (701×); Other revenues −$53.6M (-8%); Subscription and services −$4.0M (-17%). Operating margin 24.1% against 11.0% (+13.1 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 24.1% | 11.0% | +13.1 pts |
| Net margin | 26.1% | 29.0% | -2.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Other | $182M | $260K | $182M | 701× |
| Subscription and services | $19.6M | $23.6M | −$4.0M | -17% |
| Transaction revenue | $5.3M | $4.7M | $671K | +14% |
| Other revenues | $658M | $711M | −$53.6M | -8% |
| Revenue | $865M | $740M | $125M | +17% |
| Other income, net | $19.9M | $72.1M | −$52.2M | -72% |
| Operating profit | $208M | $81.0M | $127M | +157% |
| Costs & expenses | $657M | $659M | −$2.2M | -0.3% |
| Pre-tax earnings | $228M | $153M | $75.2M | +49% |
| General & admin | $59.5M | $45.5M | $14.1M | +31% |
| Other operating costs | $597M | $613M | −$16.2M | -3% |
| Net earnings | $226M | $214M | $11.6M | +5% |
| Income tax | $2.2M | −$61.3M | $63.5M | — |
| Operating cash sources | $319M | $307M | $11.6M | +4% |
| Depreciation & amortization | $34.2M | $23.0M | $11.2M | +49% |
| Share-based compensation | $43.1M | $59.1M | −$16.0M | -27% |
| Cash used in operations | $15.5M | $10.7M | $4.8M | +45% |
| Working capital & other | $319M | $307M | $11.6M | +4% |
Questions
How much did Circle Internet Group's revenue grow year over year in Q3 2026?
Circle Internet Group's revenue rose $125M (+17%) from $740M in Q3 2025 to $865M in Q3 2026.
What drove Circle Internet Group's revenue change in Q3 2026?
Other +$182M (701×); Other revenues −$53.6M (-8%); Subscription and services −$4.0M (-17%).