Earnings Releases·Nov 4, 2026, 6:26 AM ET

Circle Internet Group — Third Quarter 2026 Earnings Summary

Total revenue and reserve income reached $865 million (up 17% YoY), driven by a 627% surge in other revenue to $207 million due to $182 million from the ARC token presale; adjusted EBITDA grew 85% YoY to $317 million with a 70% margin.
Management issued full-year 2026 guidance for other revenue of $310–$330 million, RLDC margin of 41.7%–43.7%, and adjusted operating expenses of $570–$585 million, while projecting a 40% CAGR for USDC circulation over the multi-year cycle.
Strategic milestones include the commercial launch of the Arc public mainnet, the completion of the ARC token genesis mint, and a definitive agreement to acquire Tazapay, pending regulatory approval in 2027.
Capital structure improved with the elimination of $36.8 million in convertible debt and a $100 million equity investment from Binance, alongside a 5% workforce reduction incurring $9.1 million in restructuring expenses.
USDC onchain transaction volume rose 49% YoY to $13.9 trillion, though stablecoin market share declined 183 basis points to 27% amid intensifying competition.