Circle Internet (CRCL) Net Margin (2024 - 2026)
Circle Internet's Net Margin came in at 26.13% for Q3 2026, down 2.85 percentage points from 28.98% a year earlier but up 19.26 percentage points from the prior quarter.
Powered by 
Analysis
Circle Internet (CRCL) Net Margin (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Circle Internet reported Net Margin of 15.27%, up 23.56 percentage points year-over-year; for FY2025, it was -2.53%, down 11.82 percentage points from FY2024.
- Going back by year, Net Margin was 9.29% in FY2024 (-9.16 pp) and 18.45% in FY2023.
- The five-year range for quarterly Net Margin is -73.26% (Q2 2025) to 28.98% (Q3 2025).
- Year-over-year, Net Margin increased in three of the last six quarters, with an average year-over-year change of +3.80 percentage points.
- Business Quant data shows CRCL's Net Margin at 6.88% (Q2 2026), 7.96% (Q1 2026) and 17.32% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 59.68% |
| 2 | Bank of New York Mellon | 103.23 Bn | 37.32 Bn | - | 28.31% |
| 3 | Intercontinental Exchange | 99.60 Bn | 93.42 Bn | 1.22 Bn | 25.90% |
| 4 | Robinhood Markets | 70.15 Bn | 49.76 Bn | - | 32.87% |
| 5 | Nasdaq | 60.57 Bn | 58.01 Bn | 1.48 Bn | 22.57% |
| 6 | State Street | 47.32 Bn | 43.94 Bn | - | 25.72% |
| 7 | Cboe Global Markets | 39.19 Bn | 29.68 Bn | 712.20 Mn | 31.40% |
| 8 | Interactive Brokers | 37.06 Bn | 20.72 Bn | - | 16.41% |
| 9 | Northern Trust | 32.28 Bn | 32.28 Bn | - | 45.64% |
| 10 | Circle Internet | 15.74 Bn | 9.27 Bn | 453.25 Mn | 26.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.13% |
| Jun 30, 2026 | 6.88% |
| Mar 31, 2026 | 7.96% |
| Dec 31, 2025 | 17.32% |
| Sep 30, 2025 | 28.98% |
| Jun 30, 2025 | -73.26% |
| Mar 31, 2025 | 11.20% |
| Dec 31, 2024 | 0.71% |
| Sep 30, 2024 | 15.93% |
| Jun 30, 2024 | 7.66% |
API Access
Circle Internet Net Margin 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=net-margin&ticker=CRCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=CRCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();