Circle Posts $865M in Q3 Revenue, Cuts 5% of Staff
Circle's Q3 2026 results show revenue and reserve income up 17% YoY to $865M, with net income from continuing operations up 5% to $226M, boosted by $182M from the $ARC token presale.
◾️ Average $USDC circulation hit $73.3B, up 8% YoY
◾️ Arc Mainnet launched Sept 16 with 11 founding validators and 100+ apps live
◾️ CPN annualized transaction volume grew 15.2x YoY, now counting 205 financial institutions
◾️ Circle signed a deal to acquire cross-border payments platform Tazapay, expected to close in 2027 pending regulatory approval
The company also cut its workforce by about 5% during the quarter as part of a restructuring, taking roughly $9.15M in related charges
Circle's Q3 2026 results show revenue and reserve income up 17% YoY to $865M, with net income from continuing operations up 5% to $226M, boosted by $182M from the $ARC token presale.
◾️ Average $USDC circulation hit $73.3B, up 8% YoY
◾️ Arc Mainnet launched Sept 16 with 11 founding validators and 100+ apps live
◾️ CPN annualized transaction volume grew 15.2x YoY, now counting 205 financial institutions
◾️ Circle signed a deal to acquire cross-border payments platform Tazapay, expected to close in 2027 pending regulatory approval
The company also cut its workforce by about 5% during the quarter as part of a restructuring, taking roughly $9.15M in related charges
