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) revenue by segment, product and region

Revenue by product or service $m

Line FY2025 FY2024 FY2023
Subscription and services 85 6 7
Transaction revenue 24 3 1
Other 1 6 12
Revenue 110 15 20

Operating figures as reported in each quarter’s results release or filing

Figure Quarter Latest A year before Change
Average USDC in circulation Q3 FY2026 $73.3B $67.8B +8.11%
CPN annualized transaction volume Q3 FY2026 $41.3B — —
Daily weighted-average percentage of USDC on platform Q3 FY2026 18.1% 13.5% —
Meaningful wallets, end of period Q3 FY2026 7.3M 6.3M +15.87%
Reserve return rate Q3 FY2026 3.50% 4.20% —
Stablecoin market share, end of period Q3 FY2026 27.0% 29.0% —
USDC in circulation, end of period Q3 FY2026 $73.9B $73.7B +0.27%
USDC minted Q3 FY2026 $104.0B $79.7B +30.49%
USDC on platform, end of period Q3 FY2026 $13.9B $10.2B +36.27%
USDC redeemed Q3 FY2026 $104.0B $67.3B +54.53%

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.