$CRCL · Circle Internet Group, Inc.
Circle Internet Group filed its Q3 FY2026 10-Q. Total revenue and reserve income rose 16.9% year-over-year to $864.9M, driven by other revenue surging 626.8% to $207.3M while reserve income fell 7.5% to $657.6M. Net income attributable to common stockholders was $226.0M (diluted EPS $0.84), up 5.4% from $214.4M a year earlier. Operating income jumped 157.1% to $208.3M.
- ["Total revenue and reserve income rose 16.9% YoY to $864.9M in Q3 FY2026.", "Other revenue surged 626.8% to $207.3M, while reserve income fell 7.5% to $657.6M.", "Net income attributable to common stockholders was $226.0M, up 5.4% from $214.4M.", "Operating income jumped 157.1% to $208.3M from $81.0M a year earlier.", "Diluted EPS was $0.84 versus $0.64 in Q3 FY2025."]
Shares fell 1.57% to $74.04 in regular trading, a modest negative reaction despite the revenue and profit growth.
Circle's revenue mix is pivoting sharply from reserve income to other revenue, a key signal for stablecoin monetization durability.
Stablecoin leader Circle's results show a shift from reserve income toward higher-growth other revenue (up 626.8%), reflecting diversification beyond USDC interest income.
Reserve income declined 7.5% YoY as interest-rate-sensitive stablecoin yields compress; other revenue growth is concentrated and may not offset further reserve declines.