Circle Internet CRCL
NYSE CRCL
$90.63 +0.26 (+0.29%)
At close: Sep 11, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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%