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| 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% |