Circle Internet (CRCL) EBT Margin (2024 - 2026)
Circle Internet (CRCL) recorded EBT Margin of 26.39% in Q3 2026, up 5.70 percentage points from 20.69% a year earlier and up 18.93 percentage points from the prior quarter.
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Analysis
Circle Internet (CRCL) EBT Margin (2024 - 2026) Analysis & Trends
On a TTM basis, Circle Internet's EBT Margin came in at 15.75% as of Sep 30, 2026, up 25.40 percentage points year-over-year; for FY2025, it was -3.75%, down 16.96 percentage points from FY2024.
- Across earlier years, EBT Margin came in at 13.22% in FY2024 (-8.77 pp) and 21.99% in FY2023.
- The Q3 2026 figure is the highest quarterly EBT Margin in data going back to Q2 2024.
- On a year-over-year basis, EBT Margin rose in four of the last six quarters, with an average year-over-year change of +1.81 percentage points.
- Per Business Quant, the preceding three quarters came in at 7.46% (Q2 2026), 8.17% (Q1 2026) and 18.20% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 77.98% |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - | 38.49% |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn | 34.21% |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - | 43.89% |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn | 29.29% |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - | 34.67% |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn | 40.81% |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - | 78.16% |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - | 58.01% |
| 10 | Circle Internet | 15.74 Bn | 9.27 Bn | 453.25 Mn | 26.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.39% |
| Jun 30, 2026 | 7.46% |
| Mar 31, 2026 | 8.17% |
| Dec 31, 2025 | 18.20% |
| Sep 30, 2025 | 20.69% |
| Jun 30, 2025 | -73.85% |
| Mar 31, 2025 | 15.53% |
| Dec 31, 2024 | 2.38% |
| Sep 30, 2024 | 19.33% |
| Jun 30, 2024 | 12.13% |
API Access
Circle Internet EBT 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=ebt-margin&ticker=CRCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=CRCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();