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% quarter-over-quarter from 7.29% in Q4 2025.

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

Circle Internet (CRCL) has 3 years of EBITDA Margin data on file, last reported at 110.52% in Q1 2026.

  • EBITDA Margin for Q1 2026 came in at 110.52%, up 9438.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.37% (up 9045.0% YoY), and the FY2025 annual result was 3.4%, down 111790.0% from the prior year.
  • EBITDA Margin climbed to 110.52% in Q1 2026 per CRCL's latest filing, from 7.29% in the prior quarter.
  • Over five years, EBITDA Margin peaked at 11754.84% in Q3 2024 and troughed at 49.38% in Q2 2025.
  • A 3-year average of 1482.77% and a median of 11.44% in 2024 frame the typical range for EBITDA Margin.
  • The sharpest annual moves came in 2025 and 2026: EBITDA Margin plunged 1174376 bps in 2025, then soared 9438 bps in 2026.
  • 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.
  • Business Quant data shows CRCL's EBITDA Margin at 110.52% in Q1 2026, 7.29% in Q4 2025, and 11.09% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - 95.15%
3 Goldman Sachs 333.85 Bn -603.70 Bn - 136.81%
4 Schwab Charles 160.31 Bn 115.33 Bn - 61.80%
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 28.49%
6 Interactive Brokers 42.79 Bn 53.38 Bn - 14.74%
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 11.84%
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 47.66%
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn -176.07%
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 110.52%

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%