Circle Internet (CRCL) EV to FCF (2025 - 2026)
Circle Internet's EV to FCF was 25.76 in Q3 2026, down 66.5% from 76.92 a year earlier but up 42.0% from the prior quarter.
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Analysis
Circle Internet (CRCL) EV to FCF (2025 - 2026) Analysis & Trends
On a trailing twelve-month basis, Circle Internet's EV to FCF was 19.32 through Sep 30, 2026, down 72.3% year-over-year; for FY2025, it was 33.40.
- Quarterly EV to FCF has moved between 18.14 (Q2 2026) and 80.77 (Q2 2025) over five years.
- Per Business Quant data, CRCL's EV to FCF in the three quarters before Q3 2026 was 18.14 (Q2 2026), 44.36 (Q1 2026) and 33.40 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - |
| 10 | Circle Internet | 15.74 Bn | 9.27 Bn | 453.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.76 |
| Jun 30, 2026 | 18.14 |
| Mar 31, 2026 | 44.36 |
| Dec 31, 2025 | 33.40 |
| Sep 30, 2025 | 76.92 |
| Jun 30, 2025 | 80.77 |
API Access
Circle Internet EV to FCF 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=ev-to-fcf&ticker=CRCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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=ev-to-fcf&ticker=CRCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();