Circle Reports Q3 2026 Results and Revenue Growth

New York, New York, USA - Circle Internet Group, Inc. (NYSE: CRCL) announced its financial results for the third quarter of fiscal year 2026, highlighting significant growth in revenue, reserve income, and adjusted EBITDA. The company also announced major infrastructure expansions, including the launch of the Arc mainnet and a definitive agreement to acquire Tazapay.

Financial Performance

Total revenue and reserve income for Q3 2026 reached $865 million, representing a 17% increase year-over-year. Net income from continuing operations was $226 million, up 5% from the same period last year, while adjusted EBITDA surged 85% year-over-year to $317 million.

Financial Highlights

• Reserve income of $658 million, down 8% year-over-year due to a 61 bps decline in the reserve return rate.
• Other revenue of $207 million, up 627% year-over-year, largely driven by the ARC token presale.
• Revenue Less Distribution Costs (RLDC) of $453 million with an RLDC margin of 52%.

Business and Strategic Highlights

Circle expanded its global payments infrastructure by signing a definitive agreement to acquire Tazapay, a B2B cross-border payments platform, which is expected to close in 2027. Additionally, Circle launched the Arc public mainnet alongside the genesis mint of the ARC token, marking a major milestone for its layer-one blockchain ecosystem.

Key Operating Metrics

• Average USDC in circulation grew 8% year-over-year to $73.3 billion.
• USDC onchain transaction volume reached $13.9 trillion, growing 49% year-over-year.
• Meaningful wallets holding more than $10 USDC reached 7.3 million, a 16% increase.