AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

CRCL · NYSE · Financial - Capital Markets

Circle

Issuer of USDC and EURC with payment, interoperability, and developer infrastructure.

$86.80

After-hours close−0.33 (−0.38%)

At close$87.13(−7.54%)

Something off on this page? Send us feedback.

Profile

Circle Internet GroupCRCLFinancials

Issues USDC and EURC and supplies institutional minting, redemption, interoperability, payments, and foreign-exchange infrastructure. Revenue is dominated by income on the reserve assets backing its stablecoins, while business economics also depend on banking access, regulation, interest rates, and distribution partners such as Coinbase.

Issues USDC and EURC and provides Circle Mint, cross-chain infrastructure, tokenized assets, payment and foreign-exchange applications. Arc and developer tools form the network layer, while Circle Payments Network and StableFX connect stablecoins to institutional workflows.

Operations span regulated entities and permissions across the United States, Europe, and several international markets. The platform combines full-reserve stablecoin issuance with institutional minting, redemption, interoperability, and settlement infrastructure; reserve income remains the dominant revenue source.

Business economics depend on reserve assets backing USDC and EURC, interest rates, access to banking partners, and distribution relationships including Coinbase. Stablecoin rules differ by jurisdiction, Arc remains in public testnet, and the new national trust charter has limited scope rather than general deposit-taking authority.

Company facts

CEOJeremy D. Allaire

ListedJun 5, 2025

ExchangeNYSE

HeadquartersNew York, NY

CountryUnited States

Employees1,100

CIK0001876042

ISINUS1725731079

Key statistics

Market cap$23.29B

EPS (ttm)$1.88

P/E (ttm)46.35

ROE13.6%

P/B6.16

P/S8.02

Dividend yield—

Beta3.05vs XLF 0.41

Year to date +4.4% · Average volume (30d) 13.3M

Analysts

Price target, next 12 months$100.00+14.8%Median of 15 analysts · vs the Aug 28 close

ConsensusBuy8 of 15 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $87.14

High$150.00+72.1%

Median$100.00+14.8%

Low$37.00−57.5%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Rating	Prior target	Target
Aug 25, 2026	Goldman Sachs	Reiterate	Neutral	$71	$81
Aug 25, 2026	Wolfe Research	Reiterate	Underperform		$65
Aug 24, 2026	Susquehanna	Reiterate	Neutral	$69	$92
Aug 17, 2026	Seaport Global	Target			$100
Aug 6, 2026	Morgan Stanley	Reiterate	Underweight	$38	$37

Earnings

EPS

Estimate$0.35

ReportedDue Nov 11, 2026

Revenue

Estimate$784.7M

ReportedDue Nov 11, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 5, 2026Q2 FY26	$0.16	$0.18	+10.6%	$713.1M	$701.3M	−1.7%	+0.05%
May 11, 2026Q1 FY26	$0.19	$0.21	+8.1%	$714.7M	$694.1M	−2.9%	−6.16%
Feb 25, 2026Q4 FY25	$0.16	$0.43	+161.6%	$749.2M	$770.2M	+2.8%	+4.90%
Nov 12, 2025Q3 FY25	$0.19	$0.64	+234.7%	$708.2M	$739.8M	+4.5%	−4.59%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$578.6M	$658.1M	$739.8M	$770.2M	$694.1M	$701.3M
Gross profit	$155.3M	−$252.3M	$162.9M	$172.2M	$122.5M	$125.0M
Operating income	$92.9M	−$325.6M	$81.0M	$56.6M	$55.0M	$45.9M
Net income	$64.8M	−$482.1M	$214.4M	$133.4M	$55.3M	$48.2M
Diluted EPS	$0.86	−$4.48	$0.92	$0.55	$0.23	$0.18
Gross margin	26.8%	-38.3%	22.0%	22.4%	17.6%	17.8%
Operating margin	16.1%	-49.5%	11.0%	7.3%	7.9%	6.5%

Fiscal years (4-quarter sums)FY24 $1.68B · FY25 $2.75B

Revenue by product · Q2 FY26

Subscription And Services$28.2M · 84%

Transaction Revenue$5.3M · 16%

Other Services$96.0K · 0%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.73B · Total debt $0 · Total assets $77.17B · Shareholders' equity $3.51B

Dividends

No dividends on record.

Ownership

Institutions 54.61%145.98M sharesInsiders 8.40%22.46M sharesOther 36.99%98.86M shares

Shares outstanding 267.29M · Float 186.24M · 69.7% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
General Catalyst Group VI, L.P. · other: Former 10% owner	20.12M	7.53%	Form 4	Jun 9, 2025
Chuang Xi Capital Ltd	18.58M	8.60%	13G	Feb 4, 2026
Jeremy Allaire · director, officer: Chairman and CEO	16.41M	6.14%	Form 4	Aug 7, 2026
Oak Management Corporation	11.88M	5.70%	13G	Aug 12, 2025
Idg China Capital Fund Iii Associates L.P.	8.90M	3.33%	13F	Aug 7, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 21, 2026	Jeremy Fox-Geen	officer: Chief Financial Officer	−45,000	$90.00
Aug 20, 2026	M. Michele Burns	director	−3,332	$85.13
Aug 13, 2026	Jeremy Fox-Geen	officer: Chief Financial Officer	−8,476	$75.00
Aug 10, 2026	Nikhil Chandhok	officer: Chief Product & Tech. Officer	−26,666	$67.15
Aug 5, 2026	Jeremy Allaire	director, officer: Chairman and CEO	−59,009	$62.02