Circle Internet (CRCL) EBITDA Margin (2024 - 2026)
Circle Internet (CRCL) recorded EBITDA Margin of 9.16% in Q2 2026, up 56.48 percentage points from -47.32% a year earlier but down 1.18 percentage points from the prior quarter.
Powered by 
Analysis
Circle Internet (CRCL) EBITDA Margin (2024 - 2026) Analysis & Trends
On a TTM basis, Circle Internet's EBITDA Margin came in at 11.04% as of Jun 30, 2026, up 16.39 percentage points year-over-year; for FY2025, it came in at -0.72%, down 13.73 percentage points from FY2024.
- Across earlier years, EBITDA Margin came in at 13.01% in FY2024 (-7.98 pp) and 20.99% in FY2023.
- Quarterly EBITDA Margin has ranged from -47.32% in Q2 2025 to 18.46% in Q1 2025 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in two of the last five quarters, with an average year-over-year change of -1.35 percentage points.
- Per Business Quant, the preceding three quarters came in at 10.34% (Q1 2026), 10.48% (Q4 2025) and 14.06% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | 68.12% |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | 126.33% |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | 69.82% |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | 49.29% |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 34.64% |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | 88.24% |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | 139.87% |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | 205.77% |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 34.94% |
| 10 | Circle Internet | 18.96 Bn | 12.84 Bn | 288.85 Mn | 9.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.16% |
| Mar 31, 2026 | 10.34% |
| Dec 31, 2025 | 10.48% |
| Sep 30, 2025 | 14.06% |
| Jun 30, 2025 | -47.32% |
| Mar 31, 2025 | 18.46% |
| Dec 31, 2024 | 3.28% |
| Sep 30, 2024 | 17.26% |
| Jun 30, 2024 | 11.80% |
API Access
Circle Internet EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CRCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "CRCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CRCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();