Circle Internet (CRCL) EBITDA Margin (2024 - 2026)
Circle Internet (CRCL) reported EBITDA Margin of 110.52% for Q1 2026, up 9438.0% year-over-year from 1.16% in Q1 2025, and up 1414.98% on a QoQ basis from 7.29% in Q4 2025.
Circle Internet (CRCL) has 3 years of EBITDA Margin data on file, last reported at 110.52% in Q1 2026.
- Quarterly EBITDA Margin rose 9438.0% year-over-year to 110.52% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.37% (up 9045.0% YoY) and the FY2025 annual result came in at 3.4%, down 111790.0% from the prior year.
- EBITDA Margin improved to 110.52% in Q1 2026 per CRCL's latest filing, from 7.29% in the prior quarter.
- Across five years, EBITDA Margin topped out at 11754.84% in Q3 2024 and bottomed at 49.38% in Q2 2025.
- The 3-year median for EBITDA Margin is 11.44% (2024), against an average of 1482.77%.
- The widest annual swing landed in 2025, when EBITDA Margin slumped 1174376 bps; it then jumped 9438 bps in 2026.
- Tracing CRCL's EBITDA Margin over 3 years: stood at 0.11% in 2024, then surged by 7010 bps to 7.29% in 2025, then jumped by 1415 bps to 110.52% in 2026.
- Per Business Quant, the three latest CRCL EBITDA Margin figures stand at 110.52% (Q1 2026), 7.29% (Q4 2025), and 11.09% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 95.15% |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 136.81% |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 61.80% |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 28.49% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 14.74% |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 110.52% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 11.84% |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -176.07% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 47.66% |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -369.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 110.52% |
| Dec 31, 2025 | 7.29% |
| Sep 30, 2025 | 11.09% |
| Jun 30, 2025 | -49.38% |
| Mar 31, 2025 | 16.13% |
| Dec 31, 2024 | -0.11% |
| Sep 30, 2024 | 11,754.84% |
| Jun 30, 2024 | 11.80% |