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

Circle Internet (CRCL) posted quarterly Net Margin of 132.82% for Q1 2026, up 12161.0% YoY from N/an in Q1 2025, and up 666.83% sequentially from 17.32% in Q4 2025.

Circle Internet (CRCL) Net Margin (2024 - 2026) Analysis & Trends

Circle Internet has disclosed Net Margin across 3 years of filings, most recently posting 132.82% for Q1 2026.

  • In Q1 2026, Net Margin rose 12161.0% year-over-year to 132.82%; the TTM figure through Mar 2026 stood at 3.58% (up 7638.0% YoY), while the FY2024 annual figure was 8.73%, down 845.0% from the prior year.
  • Net Margin advanced to 132.82% in Q1 2026, from 17.32% in the prior quarter.
  • Over the last five years, Net Margin for CRCL reached as high as 12973.31% in Q3 2024 and fell as low as 73.26% in Q2 2025.
  • The 3-year median for Net Margin is 14.26% (2025), against an average of 1637.21%.
  • Annual changes were most pronounced in 2025 — Net Margin sank 1294433 bps — and 2026, when it surged 12161 bps.
  • A 3-year view of Net Margin shows it stood at 0.36% in 2024, then jumped by 4943 bps to 17.32% in 2025, then soared by 667 bps to 132.82% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 132.82%, 17.32%, and 28.98% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 26.29%
2 Goldman Sachs 309.79 Bn -627.76 Bn - 31.36%
3 Schwab Charles 167.21 Bn 122.24 Bn - 36.98%
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 122.40%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 32.80%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 7.22%
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 37.74%
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 132.82%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -171.16%
10 Evercore 13.30 Bn 11.58 Bn 1.38 Bn 1.16%

Historic Data

Download Data
DateValue
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%