NYSE$CRCL
Circle Internet Group Inc · Q1 2026 earnings
Q1 2026 earnings ·
Briefing
Circle reported Q1 2026 total revenue and reserve income of $694.1M (+20% YoY) with net income of $55.2M and diluted EPS of $0.21.
Circle Internet Group (CRCL) grew total revenue and reserve income 20% to $694.1 million in Q1 2026, led by reserve income on USDC balances. Net income from continuing operations was $55.2 million ($0.21 diluted EPS) versus $64.8 million ($0.00 on smaller share count) a year ago. Operating income from continuing operations was $45.0 million as compensation and infrastructure investments rose. The company disclosed a $222M ARC token sale agreement in May 2026.
- Total revenue and reserve income $694.1M (+20%).
- Net income from continuing ops $55.2M; diluted EPS $0.21.
- USDC reserve income $652.5M primary driver.
- Operating expenses up on headcount and infrastructure.
- ARC token financing transaction announced post-quarter.
Headline financials
Revenue & EPS history
Circle Internet Group Inc · Revenue · Quarterly
$694M
Forward guidance
Circle discusses USDC circulation, rate environment, and regulatory developments; post-IPO company does not provide traditional quarterly EPS guidance in the 10-Q.
Tailwinds
- USDC scale and reserve income growth with stablecoin adoption.
- Strategic ARC network investment and token financing.
Headwinds
- Net income down YoY on higher opex and tax.
- Regulatory and digital-asset market structure uncertainty.
- Concentration in interest income on reserves.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 3 quarterly earnings reports · overlaid with Q1 2026
+10.1%
Avg return
Earnings day
+6.8%
Avg return
5 days after
-2.5%
Avg return
30 days after
75%
3 / 4 earnings
Positive
+35.5%
Q4 2025
Best reaction
-12.2%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +15.8% | +0.0% | -30.6% | |
| Q4 2025 | +35.5% | +56.7% | +52.6% | |
| Q3 2025 | -12.2% | -22.1% | -15.1% | |
| Q2 2025 | +1.3% | -7.4% | -17.0% |
Discussion
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