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

Circle Internet (CRCL) has 3 years of Gross Margin data on file, last reported at 84.1% in Q1 2026.

• Gross Margin for Q1 2026 came in at 84.1%, down 1584.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 98.32% (down 302.0% YoY), and the FY2025 annual result was 99.06%, up 4226.0% from the prior year.
• Gross Margin retreated to 84.1% in Q1 2026 per CRCL's latest filing, from 96.82% in the prior quarter.
• Over five years, Gross Margin peaked at 100.07% in Q4 2024 and troughed at 48.63% in Q3 2024.
• A 3-year average of 91.05% and a median of 99.45% in 2024 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2025 and 2026: Gross Margin surged 5061 bps in 2025, then slumped 1584 bps in 2026.
• 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.
• Business Quant data shows CRCL's Gross Margin at 84.1% in Q1 2026, 96.82% in Q4 2025, and 99.24% in Q3 2025.