Circle Internet CRCL
- Market cap
- $21.8B
- PE
- 54.0×
- Forward PE
- n/m
- not a meaningful number
- Revenue, 12 months
- $2.9B
- +37% on a year ago
- Net margin
- 15.5%
Circle Internet trades at 54.0× trailing earnings. Revenue was $2.9B over the last twelve months, up 37% on a year earlier with a 16% net margin.
Charts
Financials
| Income statement | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| $365.1M | $430M | $445.8M | $435.4M | $578.6M+59% | $658.1M+53% | $739.8M+66% | $770.2M+77% | $694.1M+20% | $701.3M+7% | |
| SG&A | $31.3M | $41.4M | $37.7M | $44.2M | $34.5M+10% | $51M+23% | $51.1M+36% | $79.3M+80% | $63.9M+85% | $74.9M+47% |
| $52.3M | $50.2M | $63.8M | $794K | $92.9M+78% | −$325.6M | $81M+27% | $55.2M+6851% | $45M−52% | $34.4M | |
| Interest expense | $497K | $504K | $548K | $357K | $335K−33% | $344K−32% | $354K−35% | $193K−46% | $38K−89% | $64K−81% |
| Pre-tax income | $72.9M | $52.2M | $86.2M | $10.4M | $89.8M+23% | −$486M | $153.1M+78% | $140.2M+1252% | $56.7M−37% | $52.3M |
| $24.2M | $19.2M | $15.2M | $5.9M | $25M+3% | −$3.9M | −$61.3M | $6.8M+14% | $1.4M−94% | $4.1M | |
| Net income | $48.6M | $32.9M | $71M | $3.1M | $64.8M+33% | −$482.1M | $214.4M+202% | $133.4M+4191% | $55.3M−15% | $48.2M |
| $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | −$4.48 | $0.64 | $0.56+5500% | $0.21 | $0.18 | |
| 75.5M | 70.4M | 73.1M | 73.1M | 75.7M+0% | 107.5M+53% | 266.7M+265% | 236.7M+224% | 266.7M+253% | 268.6M+150% |
Revenue: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
SG&A: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Operating income: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Interest expense: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Pre-tax income: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Income tax: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
Net income: Q1 FY24 and Q1 FY25: 6 months less the 3 months printed beside them.
EPS, diluted: 3 periods, Q1 FY24 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q1 FY24: share-days: the 6-month average less the second quarter's. Q4 FY24 and Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $797M | $725M to $915.7M | $0.40 | $0.30 to $0.57 | 13 |
| Q4 FY26 | $806.8M | $704M to $883M | $0.32 | $0.15 to $0.51 | 13 |
| Q1 FY28 | $1.1B | $927.2M to $1.2B | $0.41 | $0.34 to $0.47 | 6 |
| Q2 FY28 | $1.1B | $956.1M to $1.2B | $0.40 | $0.33 to $0.46 | 6 |
| Q3 FY28 | $1.2B | $1B to $1.3B | $0.51 | $0.41 to $0.58 | 6 |
| Q4 FY28 | $1.2B | $1.1B to $1.4B | $0.54 | $0.44 to $0.61 | 7 |
| Q1 FY29 | $1.2B | $1.1B to $1.4B | $0.67 | $0.55 to $0.76 | 6 |
| Q2 FY29 | $1.2B | $1B to $1.3B | $0.59 | $0.48 to $0.67 | 7 |
Peers
Companies in Financial - Capital Markets nearest Circle Internet's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CRCLCircle Internet | $21.8B | 54.0× | 54.4× | n/m | n/m | +37% | 15.5% |
| LPLALPL Financial | $24.9B | 25.2× | 21.1× | 11.7× | n/m | +39% | 5.1% |
| TWTradeweb Markets | $28.7B | 29.3× | 56.1× | 28.3× | n/m | +14% | 40.7% |
| SEICSEI Investments | $12.3B | 18.0× | 18.4× | n/m | n/m | +11% | 28.8% |
| FRHCFreedom | $10.9B | 67.7× | 25.0× | n/m | n/m | +15% | 6.5% |
| SFStifel Financial | $10.1B | 11.9× | 14.5× | n/m | n/m | +11% | 14.3% |
| VIRTVirtu Financial | $8.7B | 9.3× | 10.9× | n/m | n/m | +21% | 13.5% |
| MKTXMarketaxess | $5.8B | 19.4× | 49.3× | n/m | n/m | +4% | 35.2% |
| HOODRobinhood Markets | $85.5B | 41.9× | 51.8× | 37.3× | n/m | +38% | 42.0% |
| PIPRPiper Sandler Companies | $4.6B | 15.0× | 20.6× | n/m | n/m | +32% | 14.5% |
| MIAXMiami International | $3.4B | 39.1× | 46.1× | n/m | n/m | +17% | 9.7% |
| Peer median | $10.5B | 22.3× | 23.0× | 28.3× | n/a | +16% | 14.4% |
Investors who own it
Investors we follow who held Circle Internet at the end of Jun 30, 2026, from their 13F filings.
- Cathie WoodARK Investment Management1.9% of portfolioadded
- Baillie GiffordBaillie Gifford0.1% of portfolioadded
More on Circle Internet
Each number over time
Where it ranks
- #5of 21Capital markets stocks with the fastest revenue growth
- #8of 21Capital markets stocks with the highest profit margins
Its groups
About
- Industry
- Financial - Capital Markets
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .