COINDESK · 2026-11-04 12:34 UTC

Circle beats earnings and revenue estimates on soaring USDC transaction volume

Circle beat earnings and revenue estimates in Q3 with net income of $226 million (up 5% YoY) and revenue of $778 million, exceeding forecasts by 11%. USDC onchain transaction volume surged 49% to $13.9 trillion; the company took a $9.1 million restructuring charge from a 5% workforce reduction. Circle launched Arc blockchain mainnet, acquired Tazapay, received $100 million investment from Binance, and generated $182 million from ARC token presale.

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