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

Circle Internet has disclosed Operating Margin across 3 years of filings, most recently posting 108.11% for Q1 2026.

• In Q1 2026, Operating Margin rose 9205.0% year-over-year to 108.11%; the TTM figure through Mar 2026 stood at 6.53% (up 8941.0% YoY), while the FY2025 annual figure was 3.51%, down 110548.0% from the prior year.
• Operating Margin advanced to 108.11% in Q1 2026, from 7.16% in the prior quarter.
• Over the last five years, Operating Margin for CRCL reached as high as 11663.44% in Q3 2024 and fell as low as 49.47% in Q2 2025.
• The 3-year median for Operating Margin is 11.32% (2025), against an average of 1470.98%.
• Annual changes were most pronounced in 2025 — Operating Margin tumbled 1165248 bps — and 2026, when it soared 9205 bps.
• 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.
• According to Business Quant data, Operating Margin over the past three periods registered 108.11%, 7.16%, and 10.95% for Q1 2026, Q4 2025, and Q3 2025 respectively.