Circle Reports Q3 2026 Earnings: Revenue Up 17% to $865 Million, Average USDC Circulation Reaches $73.3 Billion

Circle disclosed that revenue and reserve income in the third quarter of 2026 rose 17% year-over-year to $865 million, while net income from continuing operations increased 5% to $226 million. Other income included $182 million from the ARC token presale. During the period, the average circulating supply of USDC stood at $73.3 billion, up 8% year-over-year. Circle also stated that it has completed the genesis mint of 10 billion ARC tokens and signed a definitive agreement to acquire cross-border payments platform Tazapay. The transaction is expected to close in 2027, subject to regulatory approval.Circle disclosed in its third-quarter 2026 earnings report that it reduced its workforce by approximately 5% during the quarter to better align its organizational structure with its operating model and strategic priorities. The restructuring resulted in approximately $9.15 million in charges, primarily related to severance payments, notice-period compensation, employee benefits, and associated costs.