Circle Reports Q3 Revenue and Reserve Income of $865 Million, USDC On-Chain Transaction Volume Up 49% Year-on-Year

Circle has announced its Q3 2026 financial results, reporting total revenue and reserve income of $865 million, a year-on-year increase of 17%. The net profit from continuing operations was $226 million, up 5% year-on-year; adjusted EBITDA was $317 million, reflecting an 85% increase year-on-year. Reserve income stood at $658 million, down 8% year-on-year, while other income reached $207 million, a significant increase of 627%, with $182 million coming from the ARC token presale. In Q3, the average circulation of USDC was $73.3 billion, an 8% year-on-year increase; on-chain transaction volume reached $13.9 trillion, up 49% year-on-year; the market share of USDC at the end of the period was 27%, with the number of wallets holding over $10 in USDC reaching 7.3 million, a 16% year-on-year increase. Circle's payment network (CPN) achieved an annualized total payment volume of $41.3 billion, and the company has signed a definitive agreement to acquire Singapore-based cross-border payment platform Tazapay, with the transaction expected to close in 2027. Additionally, Circle laid off about 5% of its workforce in Q3 and maintained its full-year financial guidance for 2026 unchanged.

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