Circle Internet (CRCL) FCF Margin (2024 - 2026)
Circle Internet (CRCL) posted quarterly FCF Margin of 28.16% for Q1 2026, up 1837.0% YoY from 1.45% in Q1 2025, and up 6.11% sequentially from 26.53% in Q4 2025.
Circle Internet (CRCL) FCF Margin (2024 - 2026) Analysis & Trends
Circle Internet has disclosed FCF Margin across 3 years of filings, most recently posting 28.16% for Q1 2026.
- In Q1 2026, FCF Margin rose 1837.0% year-over-year to 28.16%; the TTM figure through Mar 2026 stood at 19.96% (up 12945.0% YoY), while the FY2025 annual figure was 17.69%, down 199614.0% from the prior year.
- FCF Margin advanced to 28.16% in Q1 2026, from 26.53% in the prior quarter.
- Over the last five years, FCF Margin for CRCL reached as high as 15684.28% in Q3 2024 and fell as low as 7.73% in Q4 2024.
- The 3-year median for FCF Margin is 26.53% (2025), against an average of 2253.64%.
- The widest YoY moves for FCF Margin: up 3426 bps in 2025, down 1568627 bps in 2025.
- A 3-year view of FCF Margin shows it stood at 7.73% in 2024, then jumped by 443 bps to 26.53% in 2025, then advanced by 6 bps to 28.16% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 28.16%, 26.53%, and 1.99% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | -38.15% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | -188.27% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 111.11% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 190.16% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 2.52% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 16.77% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 28.16% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -791.16% |
| 10 | Evercore | 13.30 Bn | 11.58 Bn | 1.38 Bn | -16.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.16% |
| Dec 31, 2025 | 26.53% |
| Sep 30, 2025 | -1.99% |
| Jun 30, 2025 | 36.42% |
| Mar 31, 2025 | 9.78% |
| Dec 31, 2024 | -7.73% |
| Sep 30, 2024 | 15,684.28% |