Circle Internet (CRCL) Net Margin (2024 - 2026)
Circle Internet (CRCL) reported Net Margin of 132.82% for Q1 2026, up 12161.0% year-over-year from N/an in Q1 2025, and up 666.83% on a QoQ basis from 17.32% in Q4 2025.
Circle Internet (CRCL) has 3 years of Net Margin data on file, last reported at 132.82% in Q1 2026.
- Quarterly Net Margin rose 12161.0% year-over-year to 132.82% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.58% (up 7638.0% YoY) and the FY2024 annual result came in at 8.73%, down 845.0% from the prior year.
- Net Margin grew to 132.82% in Q1 2026 per CRCL's latest filing, from 17.32% in the prior quarter.
- Across five years, Net Margin topped out at 12973.31% in Q3 2024 and bottomed at 73.26% in Q2 2025.
- The 3-year median for Net Margin is 14.26% (2025), against an average of 1637.21%.
- The widest annual swing landed in 2025, when Net Margin sank 1294433 bps; it then soared 12161 bps in 2026.
- Tracing CRCL's Net Margin over 3 years: stood at 0.36% in 2024, then surged by 4943 bps to 17.32% in 2025, then jumped by 667 bps to 132.82% in 2026.
- Per Business Quant, the three latest CRCL Net Margin figures stand at 132.82% (Q1 2026), 17.32% (Q4 2025), and 28.98% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 26.29% |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 31.36% |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 36.98% |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 32.80% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 16.00% |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 132.82% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 7.22% |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | -171.16% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 37.74% |
| 10 | Hut 8 | 14.71 Bn | 14.86 Bn | 45.47 Mn | -356.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 132.82% |
| Dec 31, 2025 | 17.32% |
| Sep 30, 2025 | 28.98% |
| Jun 30, 2025 | -73.26% |
| Mar 31, 2025 | 11.21% |
| Dec 31, 2024 | -0.36% |
| Sep 30, 2024 | 12,973.31% |
| Jun 30, 2024 | 7.67% |