Circle Internet (CRCL) Gross Margin (2024 - 2026)

Circle Internet has disclosed Gross Margin across 3 years of filings, most recently posting 84.1% for Q1 2026.

• In Q1 2026, Gross Margin fell 1584.0% year-over-year to 84.1%; the TTM figure through Mar 2026 stood at 98.32% (down 302.0% YoY), while the FY2025 annual figure was 99.06%, up 4226.0% from the prior year.
• Gross Margin eased to 84.1% in Q1 2026, from 96.82% in the prior quarter.
• Over the last five years, Gross Margin for CRCL reached as high as 100.07% in Q4 2024 and fell as low as 48.63% in Q3 2024.
• The 3-year median for Gross Margin is 99.45% (2024), against an average of 91.05%.
• Annual changes were most pronounced in 2025 — Gross Margin surged 5061 bps — and 2026, when it plunged 1584 bps.
• A 3-year view of Gross Margin shows it stood at 100.07% in 2024, then slipped by 3 bps to 96.82% in 2025, then retreated by 13 bps to 84.1% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 84.1%, 96.82%, and 99.24% for Q1 2026, Q4 2025, and Q3 2025 respectively.