Filing Flows › Circle Internet Group (CRCL) › Q3 2026
Circle Internet Group (CRCL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Circle Internet Group (CRCL) reported revenue of $865M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +23% from the quarter before. Operating margin was 24.1%, net earnings $226M (26.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $865M | +23% | +17% |
| Operating profit | $208M | +506% | +157% |
| Net earnings | $226M | +369% | +5% |
| Operating cash flow | −$15.5M | -103% | — |
What changed
Revenue was $864.9M in Q3 2026, up 17% year over year and up 23% from the previous quarter. Other was the largest line at 21% of revenue. Other added $182.1M year over year (up 70032%), 146% of the total change. Subscription and services declined 17%.
Operating profit was $208.3M, a 24.1% margin (up 13.1 points year over year). Of the extra revenue versus Q3 2025, 102% reached operating profit, above the 11% margin then. Total costs fell 0% while revenue rose 17%. The fastest-growing cost line was General & admin (+31%). Net earnings were $226.0M, up 5% year over year. The effective tax rate was 1.0%.
Operating cash flow was −$15.5M. Non-cash charges added back $34.2M of depreciation and amortization and $43.1M of share-based compensation. Working capital and other items used $318.8M. Capital expenditures of $20.0M exceeded it, leaving free cash flow of −$35.6M.
Questions
What was Circle Internet Group's revenue in the third quarter 2026?
Circle Internet Group (CRCL) reported revenue of $865M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +23% from the quarter before.
Was Circle Internet Group profitable in the third quarter 2026?
Operating profit was $208M (24.1% of revenue) and net earnings $226M.