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
DateValue
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%