Circle Internet (CRCL) Operating Margin (2024 - 2026)
Circle Internet (CRCL) posted quarterly Operating Margin of 108.11% for Q1 2026, up 9205.0% year-over-year from 1.16% in Q1 2025, and up 5137.77% quarter-over-quarter from 2.06% in Q4 2025.
Circle Internet (CRCL) Operating Margin (2024 - 2026) Analysis & Trends
Circle Internet (CRCL) has reported Operating Margin for 3 consecutive years, with 108.11% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 9205.0% year-over-year to 108.11%; the TTM figure through Mar 2026 stood at 5.22% (down 4054.0% YoY), while the FY2025 annual figure was 3.51%, down 110548.0% from the prior year.
- Operating Margin climbed to 108.11% in Q1 2026 per CRCL's latest filing, from 2.06% in the prior quarter.
- Across five years, Operating Margin topped out at 11663.44% in Q3 2024 and bottomed at 1367.76% in Q2 2025.
- Historically, Operating Margin has averaged 1435.2% across 3 years, with a median of 70.6% in 2024.
- Annual changes were most pronounced in 2025 — Operating Margin slumped 1137934 bps — and 2026, when it soared 9205 bps.
- Circle Internet's Operating Margin stood at 33.08% in 2024, then sank by 94 bps to 2.06% in 2025, then soared by 5138 bps to 108.11% in 2026.
- Business Quant data shows CRCL's Operating Margin at 108.11% in Q1 2026, 2.06% in Q4 2025, and 284.1% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 35.93% |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 43.88% |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 4.90% |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 64.41% |
| 10 | UP Fintech Holding | 13.78 Bn | 13.78 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.90% |
| Mar 31, 2026 | 108.11% |
| Dec 31, 2025 | 2.06% |
| Sep 30, 2025 | 284.10% |
| Jun 30, 2025 | -1,367.76% |
| Mar 31, 2025 | 16.06% |
| Dec 31, 2024 | 33.08% |
| Sep 30, 2024 | 11,663.44% |
| Jun 30, 2024 | 742.52% |