Circle Internet (CRCL) FCF Margin (2024 - 2026)
Circle Internet (CRCL) posted quarterly FCF Margin of 50.15% for Q1 2026, up 4239.0% year-over-year from 1.16% in Q1 2025, and up 556.1% quarter-over-quarter from 7.64% in Q4 2025.
Circle Internet (CRCL) FCF Margin (2024 - 2026) Analysis & Trends
Circle Internet (CRCL) has reported FCF Margin for 3 consecutive years, with 50.15% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 4239.0% year-over-year to 50.15%; the TTM figure through Mar 2026 stood at 16.69% (down 2468.0% YoY), while the FY2025 annual figure was 17.69%, down 199614.0% from the prior year.
- FCF Margin grew to 50.15% in Q1 2026 per CRCL's latest filing, from 7.64% in the prior quarter.
- Across five years, FCF Margin topped out at 18957.77% in Q3 2024 and bottomed at 73.26% in Q3 2025.
- Historically, FCF Margin has averaged 3425.57% across 3 years, with a median of 50.15% in 2026.
- Annual changes were most pronounced in 2025 — FCF Margin slumped 1903103 bps — and 2026, when it soared 4239 bps.
- Circle Internet's FCF Margin stood at 3947.08% in 2024, then plunged by 100 bps to 7.64% in 2025, then soared by 556 bps to 50.15% in 2026.
- Business Quant data shows CRCL's FCF Margin at 50.15% in Q1 2026, 7.64% in Q4 2025, and 73.26% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | -16.70% |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 27.55% |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 111.11% |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 54.13% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -603.50% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 214.80% |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 3.90% |
| 10 | Circle Internet | 14.80 Bn | 13.28 Bn | 40.25 Mn | 50.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.15% |
| Dec 31, 2025 | 7.64% |
| Sep 30, 2025 | -73.26% |
| Jun 30, 2025 | 1,081.87% |
| Mar 31, 2025 | 7.76% |
| Dec 31, 2024 | 3,947.08% |
| Sep 30, 2024 | 18,957.77% |