Circle Internet (CRCL) Gross Margin (2024 - 2026)
Circle Internet's (CRCL) quarterly Gross Margin came in at 41.19% in Q2 2026, up 302.0% year-over-year from 10.25% in Q2 2025, and down 0.51% quarter-over-quarter from 41.4% in Q1 2026.
Analysis
Circle Internet (CRCL) Gross Margin (2024 - 2026) Analysis & Trends
Circle Internet (CRCL) has reported Gross Margin for 3 consecutive years, with 41.19% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 302.0% year-over-year to 41.19% in Q2 2026; TTM through Jun 2026 was 40.51%, a 269.0% increase from a year earlier, with the FY2025 full-year figure at 39.43%, up 12.0% from the prior year.
- Gross Margin was 41.19% for Q2 2026 at Circle Internet, down from 41.4% in the prior quarter.
- Over five years, Gross Margin peaked at 42.24% in Q2 2024 and troughed at 30.05% in Q4 2024.
- A 3-year average of 39.41% and a median of 40.09% in 2025 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 1004 bps in 2025, down 408 bps in 2025.
- Over 3 years, Gross Margin stood at 30.05% in 2024, then soared by 33 bps to 40.09% in 2025, then increased by 3 bps to 41.19% in 2026.
- The last three Gross Margin figures came in at 41.19% (Q2 2026), 41.4% (Q1 2026), and 40.09% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Circle Internet | 21.16 Bn | 19.43 Bn | 288.85 Mn | 41.19% |
| 2 | Galaxy Digital | 9.54 Bn | 8.88 Bn | 8.38 Bn | 97.89% |
| 3 | Gemini Space Station | 573.86 Mn | 385.24 Mn | - | - |
| 4 | Solana | 177.06 Mn | 173.41 Mn | 2.45 Mn | 96.95% |
| 5 | Empery Digital | 85.45 Mn | 85.45 Mn | -68,184.00 | -85.21% |
| 6 | Metalpha Technology Holding | 40.05 Mn | 36.11 Mn | - | - |
| 7 | Fold Holdings | 29.71 Mn | 1.31 Mn | 5.36 Mn | 88.04% |
| 8 | Amber International Holding | 28.97 Mn | -4.44 Mn | 11.06 Mn | 79.48% |
| 9 | Fabric.AI | 10.06 Mn | -11.61 Mn | - | - |
| 10 | CEA Industries | 7.41 Mn | 324,022.19 | 1.96 Mn | 27.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.19% |
| Mar 31, 2026 | 41.40% |
| Dec 31, 2025 | 40.09% |
| Sep 30, 2025 | 39.49% |
| Jun 30, 2025 | 38.16% |
| Mar 31, 2025 | 39.91% |
| Dec 31, 2024 | 30.05% |
| Sep 30, 2024 | 42.19% |
| Jun 30, 2024 | 42.24% |