Circle reports Q3 earnings beat as ARC sale offsets weaker reserve income
Circle Internet Group reported third-quarter 2026 revenue of $864.9M, up 16.9% year over year, diluted EPS of $0.84 and adjusted EBITDA of $317M, up 85%. The results included $182M from an ARC token presale, while reserve income fell 8% to $657.6M. Average USDC circulation increased 8% year over year to $73.3B, and on-chain transaction volume rose 49% to $13.9T. Circle also announced a 5% workforce reduction and maintained its full-year other revenue outlook.
Why it matters
The quarter highlights a stronger reported result alongside pressure in Circle's reserve-income business, with ARC presale proceeds materially contributing to other revenue. Circle's maintained outlook leaves its full-year other revenue guidance at $310M-$330M and its RLDC margin range at 41.7%-43.7%, according to the company.
Key facts
- 1Circle reported third-quarter revenue of $864.9M, up 16.9% year over year, with diluted EPS of $0.84 and net income of $226M, up 5.4%. tradingview.com
- 2Adjusted EBITDA reached $317M, up 85%, and included $182M from the ARC token presale. finance.biggo.com
- 3Reserve income declined 8% to $657.6M, while other revenue rose to $207.3M, including the ARC presale contribution. finance.yahoo.com
- 4Average USDC circulation grew 8% year over year to $73.3B, while on-chain transaction volume increased 49% to $13.9T. finance.biggo.com
- 5Circle retained full-year other revenue guidance of $310M-$330M and an RLDC margin range of 41.7%-43.7%. finance.biggo.com
- 6Circle reduced its workforce by 5%, affecting about 55 employees. finance.yahoo.com
Summary written by AlphAI AI Desk from 20 of 26 sources. Not investment advice. Figures are as stated by the linked sources.