Circle Internet (CRCL) Operating Margin (2024 - 2026)
Circle Internet (CRCL) reported Operating Margin of 108.11% for Q1 2026, up 9205.0% year-over-year from 1.16% in Q1 2025, and up 1408.91% quarter-over-quarter from 7.16% in Q4 2025.
Circle Internet (CRCL) Operating Margin (2024 - 2026) Analysis & Trends
Circle Internet (CRCL) has 3 years of Operating Margin data on file, last reported at 108.11% in Q1 2026.
- Operating Margin for Q1 2026 came in at 108.11%, up 9205.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.53% (up 8941.0% YoY), and the FY2025 annual result was 3.51%, down 110548.0% from the prior year.
- Operating Margin rose to 108.11% in Q1 2026 per CRCL's latest filing, from 7.16% in the prior quarter.
- Over five years, Operating Margin peaked at 11663.44% in Q3 2024 and troughed at 49.47% in Q2 2025.
- A 3-year average of 1470.98% and a median of 11.32% in 2025 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2025 and 2026: Operating Margin sank 1165248 bps in 2025, then soared 9205 bps in 2026.
- A 3-year view of Operating Margin shows it stood at 0.06% in 2024, then soared by 11161 bps to 7.16% in 2025, then jumped by 1409 bps to 108.11% in 2026.
- Business Quant data shows CRCL's Operating Margin at 108.11% in Q1 2026, 7.16% in Q4 2025, and 10.95% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | - |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | - |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | - |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 28.49% |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | - |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | - |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 46.50% |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | -161.28% |
| 10 | Circle Internet | 19.67 Bn | 18.16 Bn | 35.01 Mn | 108.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 108.11% |
| Dec 31, 2025 | 7.16% |
| Sep 30, 2025 | 10.95% |
| Jun 30, 2025 | -49.47% |
| Mar 31, 2025 | 16.06% |
| Dec 31, 2024 | -0.06% |
| Sep 30, 2024 | 11,663.44% |
| Jun 30, 2024 | 11.68% |