Circle Internet Group, Inc.

CRCL Financial Capital Markets

Circle Internet Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 63.9% from fiscal 2024.

Revenue
+16.9%
EPS
−4.30%
Free cash flow
−88.7%

Quarter to September 2026, against a year earlier

69.88 6.24 −8.20%
Market cap
$17.7B
P/E
37.4×
Fwd P/E
65.3×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Circle Internet Group, Inc. (CRCL) Operating margin

Alert me on Operating margin

Circle Internet Group, Inc.'s operating margin over the twelve months to 30 September 2026 was 11.3%, up 14.8 percentage points from fiscal 2025 (−3.51%). That is above the Capital Markets industry median of 0.00% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −3.51% (13.48)
FY2024 9.97% (8.61)
FY2023 18.6% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 24.1% 19.19
Jun 2026 4.90% (1.58)
Mar 2026 6.48% (0.69)
Dec 2025 7.17% (3.78)
5 more quarters

Operating margin against peers

Company Operating margin
NMR Nomura Holdings Inc ADR compare 72.0%
TW Tradeweb Markets Inc. compare 44.1%
JEF Jefferies Financial Group Inc. compare 23.4%
EVR Evercore Inc compare 22.5%
SF Stifel Financial Corporation compare 21.2%
HLI Houlihan Lokey, Inc. compare 20.3%
CRCL Circle Internet Group, Inc. 11.3%
LPLA LPL Financial Holdings Inc. compare 11.3%
BMNR BitMine Immersion Technologies, Inc. compare −14,505.1%
Capital Markets industry median 0.00%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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