Circle Internet (CRCL) EBITDA Margin (2024 - 2026)

Circle Internet (CRCL) posted quarterly EBITDA Margin of 110.52% for Q1 2026, up 9438.0% YoY from 1.16% in Q1 2025, and up 1414.98% sequentially from 7.29% in Q4 2025.

Circle Internet (CRCL) EBITDA Margin (2024 - 2026) Analysis & Trends

Circle Internet has disclosed EBITDA Margin across 3 years of filings, most recently posting 110.52% for Q1 2026.

  • In Q1 2026, EBITDA Margin rose 9438.0% year-over-year to 110.52%; the TTM figure through Mar 2026 stood at 6.37% (up 9045.0% YoY), while the FY2025 annual figure was 3.4%, down 111790.0% from the prior year.
  • EBITDA Margin rose to 110.52% in Q1 2026, from 7.29% in the prior quarter.
  • Over the last five years, EBITDA Margin for CRCL reached as high as 11754.84% in Q3 2024 and fell as low as 49.38% in Q2 2025.
  • The 3-year median for EBITDA Margin is 11.44% (2024), against an average of 1482.77%.
  • Annual changes were most pronounced in 2025 — EBITDA Margin slumped 1174376 bps — and 2026, when it soared 9438 bps.
  • A 3-year view of EBITDA Margin shows it stood at 0.11% in 2024, then jumped by 7010 bps to 7.29% in 2025, then soared by 1415 bps to 110.52% in 2026.
  • According to Business Quant data, EBITDA Margin over the past three periods registered 110.52%, 7.29%, and 11.09% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 95.15%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 136.81%
3 Schwab Charles 167.21 Bn 122.24 Bn - 61.80%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 124.07%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 28.49%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 11.84%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 47.66%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 110.52%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -176.07%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 23.13%

Historic Data

Download Data
DateValue
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%