$CRCL · Circle Internet Group, Inc.
Circle reported Q3 FY2026 results: total revenue and reserve income of $865M (+17% YoY), net income from continuing operations of $226M (+5% YoY), and Adjusted EBITDA of $317M (+85% YoY). Other revenue surged 627% YoY to $207M, driven by $182M of ARC token presale revenue. Reserve income fell 8% YoY to $658M on a 61bps decline in the Reserve Return Rate. The company also announced a definitive agreement to acquire Tazapay, a Singapore B2B cross-border payments platform, expected to close in 2027.
- Total revenue and reserve income of $865M, up 17% YoY.
- Adjusted EBITDA of $317M, up 85% YoY.
- Other revenue of $207M, up 627% YoY, including $182M ARC token presale.
- Average USDC in circulation of $73.3B, up 8% YoY; onchain transaction volume $13.9T, up 49%.
- Definitive agreement to acquire Tazapay, closing expected 2027 pending regulatory approvals.
Extended-hours last trade $77.53, +3.07% vs regular close of $75.22, indicating a positive after-hours reaction to the earnings beat and strong Adjusted EBITDA growth.
Circle's ARC token presale drove an 85% Adjusted EBITDA surge, but stablecoin market share slipped 183bps amid rising competition.
Circle's stablecoin market share slipped 183bps to 27%, reflecting intensifying competition from yield-bearing digital assets and rival issuers.
Stablecoin market share declined 183bps to 27% amid rising competition from yield-bearing digital assets. ARC token and Arc network carry execution, regulatory, and token-price volatility risks, including possible repayment obligations if launch milestones are missed.