Circle Internet (CRCL) EBITDA Margin (2024 - 2026)
Circle Internet (CRCL) posted quarterly EBITDA Margin of 108.11% for Q1 2026, up 9205.0% year-over-year from 1.16% in Q1 2025, and up 5137.77% quarter-over-quarter from 2.06% in Q4 2025.
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Circle Internet (CRCL) EBITDA Margin (2024 - 2026) Analysis & Trends
Circle Internet (CRCL) has reported EBITDA Margin for 3 consecutive years, with 108.11% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA Margin rose 9205.0% year-over-year to 108.11%; the TTM figure through Mar 2026 stood at 5.22% (down 4054.0% YoY), while the FY2025 annual figure was 3.51%, down 110548.0% from the prior year.
- EBITDA Margin climbed to 108.11% in Q1 2026 per CRCL's latest filing, from 2.06% in the prior quarter.
- Across five years, EBITDA Margin topped out at 11663.44% in Q3 2024 and bottomed at 1367.76% in Q2 2025.
- Historically, EBITDA Margin has averaged 1435.2% across 3 years, with a median of 70.6% in 2024.
- Annual changes were most pronounced in 2025 — EBITDA Margin slumped 1137934 bps — and 2026, when it soared 9205 bps.
- Circle Internet's EBITDA Margin stood at 33.08% in 2024, then sank by 94 bps to 2.06% in 2025, then soared by 5138 bps to 108.11% in 2026.
- Business Quant data shows CRCL's EBITDA Margin at 108.11% in Q1 2026, 2.06% in Q4 2025, and 284.1% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 329.44 Bn | 169.31 Bn | - | 95.89% |
| 2 | Goldman Sachs | 300.90 Bn | -675.44 Bn | - | 131.07% |
| 3 | Schwab Charles | 188.46 Bn | 114.86 Bn | - | 63.04% |
| 4 | Robinhood Markets | 95.87 Bn | 78.49 Bn | 1.20 Bn | 35.93% |
| 5 | Interactive Brokers | 39.89 Bn | -24.41 Bn | - | 138.98% |
| 6 | LPL Financial Holdings | 28.30 Bn | 25.60 Bn | - | 11.90% |
| 7 | Circle Internet | 22.04 Bn | 20.31 Bn | 288.85 Mn | 5.04% |
| 8 | Tradeweb Markets | 22.00 Bn | 19.94 Bn | - | 45.17% |
| 9 | Futu Holdings | 16.48 Bn | -19,683,684.71 Bn | 792.50 Mn | 62.05% |
| 10 | UP Fintech Holding | 12.74 Bn | 12.74 Bn | - | 31.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.04% |
| Mar 31, 2026 | 6.63% |
| Dec 31, 2025 | 7.29% |
| Sep 30, 2025 | 11.09% |
| Jun 30, 2025 | -49.38% |
| Mar 31, 2025 | 16.13% |
| Dec 31, 2024 | 0.30% |
| Sep 30, 2024 | 14.42% |
| Jun 30, 2024 | 11.80% |