NYSE$CRCL

Circle Internet Group Inc · Q2 2026 earnings

Q2 2026 earnings · · Before market open

Briefing

Circle Internet Group Inc reported Q2 2026 results with $701 million in revenue and $48 million in net income.

Circle reported total revenue and reserve income of $701 million for the three months ended June 30, 2026, up 7% year-over-year. Net income from continuing operations reached $48 million compared to a loss in the prior year, driven by higher reserve income and lower operating expenses. USDC in circulation stood at $73.3 billion at quarter end.

  • Total revenue and reserve income grew 7% to $701 million.
  • Net income from continuing operations improved to $48 million from a $482 million loss.
  • USDC in circulation reached $73.3 billion with onchain volume up 151%.
  • Adjusted EBITDA increased 14% to $143 million.

Headline financials

Total Revenue

$701M

Previous: $658M+6.6%
EPS (adj)

$0.19

Previous: -$4.48+104.2%
USDC in circulation

$73.3B

Previous: $61.3B+19.5%
Adjusted EBITDA

$143M

Previous: $126M+13.5%
Meaningful wallets

7.0M

Previous: 5.7M+23.0%
USDC minted

$83B

Previous: $42.2B+96.7%
USDC redeemed

$86.8B

Previous: $40.8B+112.7%
Net Income

$48.2M

Previous: -$482M+110.0%
Operating Income

$34.4M

Previous: -$326M+110.6%

Revenue & EPS history

Circle Internet Group Inc · Revenue · Quarterly

$701M

Q2 2026+6.6%vs Q2 2025
Beat estimate in 3 of 5 quarters(60%)
ActualEstimate

Forward guidance

The company expects to launch Arc mainnet in September 2026.

Tailwinds

  • Continued growth in USDC adoption and platform metrics.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 3 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
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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