Circle Internet (CRCL) Free Cash Flow (2024 - 2026)
Circle Internet (CRCL) recorded Free Cash Flow of -$35.57 million in Q3 2026, compared with -$14.74 million a year earlier.
Powered by 
Analysis
Circle Internet (CRCL) Free Cash Flow (2024 - 2026) Analysis & Trends
On a TTM basis, Circle Internet's Free Cash Flow came in at $740.69 million as of Sep 30, 2026, up 95.6% year-over-year; for FY2025, it was $529.7 million, up 62.3% from FY2024.
- Across earlier years, Free Cash Flow came in at $326.45 million in FY2024 (+135.0%) and $138.91 million in FY2023.
- The Q3 2026 figure is the lowest quarterly Free Cash Flow in data going back to Q3 2024.
- Per Business Quant, the preceding three quarters came in at $516.4 million (Q2 2026), $11.72 million (Q1 2026) and $248.14 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 1.07 Bn |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - | 4.05 Bn |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn | 1.05 Bn |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - | 1.22 Bn |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn | 459.00 Mn |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - | 1.91 Bn |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn | 793.00 Mn |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - | 814.00 Mn |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - | 1.80 Bn |
| 10 | Circle Internet | 15.74 Bn | 9.27 Bn | 453.25 Mn | -35.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -35.57 Mn |
| Jun 30, 2026 | 516.40 Mn |
| Mar 31, 2026 | 11.72 Mn |
| Dec 31, 2025 | 248.14 Mn |
| Sep 30, 2025 | -14.74 Mn |
| Jun 30, 2025 | 245.57 Mn |
| Mar 31, 2025 | 50.73 Mn |
| Dec 31, 2024 | 97.18 Mn |
| Sep 30, 2024 | 107.66 Mn |
API Access
Circle Internet Free Cash Flow 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=free-cash-flow&ticker=CRCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=CRCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();