Circle Internet to Report Quarterly Earnings Wednesday
The stablecoin issuer reports third-quarter results before the opening bell after missing second-quarter forecasts.
Updated on Nov. 2, 2026 in Public Companies
Live Poll
Do you trust digital dollars like USDC to keep your money safe?
Circle Internet Group will release quarterly earnings before the opening bell on Wednesday, November 4. Polymarket prices a 73% chance that the company reports third-quarter GAAP earnings per share above $0.37, after Circle missed second-quarter forecasts following three consecutive quarters of beats.
Why it matters
Circle's revenue depends largely on interest earned on reserves backing its USDC stablecoin, so results signal how the company's core model is performing. A Mizuho price-target cut warning that AI personal assistant agents could threaten medium-term revenue adds uncertainty for U.S. investors watching the stock.
Analysts expect third-quarter revenue of $791.2 million, up 7% year-over-year and 12.8% from the second quarter, while USDC in circulation rose modestly to $74.58 billion according to DeFiLlama. Whether the company meets these projections, and the 73% market-implied odds of GAAP EPS above $0.37, remains unknown until results are released.
The players
Circle Internet Group
Circle Internet Group is the publicly traded issuer of the USDC stablecoin, which it backs with cash and short-term U.S. Treasury holdings.
Mizuho
Mizuho is a Japanese multinational financial group whose analysts cut their price target on Circle stock.
Polymarket
Polymarket is a prediction-market platform on which users trade on the outcomes of future events, including corporate earnings.
The details
Circle's primary revenue source is interest income on reserves held mostly in short-term U.S. Treasuries and cash backing USDC. Shares closed 9.31% lower at $72.54 in Friday's session, and insiders sold 14 times over the last three months for $25.4 million, while holding 1.2% of total shares outstanding.
Timeline
Friday: Circle shares closed 9.31% lower at $72.54.
Last three months: Insiders carried out 14 sales worth $25.4 million.
Third quarter: USDC circulation rose to $74.58 billion.
Wednesday, November 4: Circle releases quarterly earnings before the opening bell.
Market Landscape
Circle's third-quarter report follows its second-quarter miss, which ended a run of three consecutive earnings beats. The result will test whether the stablecoin issuer can keep pace with rivals as AI personal assistant agents emerge as a potential threat to its interest-based revenue model.
Investors holding Circle stock or considering a position will see the third-quarter result shape near-term share price movement. Anyone holding USDC should note that the company's reserve income and stablecoin circulation determine its earnings power.
The takeaway
Investors should weigh the 73% market-implied odds of an earnings beat against the recent 9.31% share decline and the mixed analyst signals before the report.
What happens next
Circle Internet Group releases its third-quarter quarterly earnings before the opening bell on Wednesday, November 4.
Further reading
Track more earnings and corporate results in the Public Companies section.
Source note: This article includes information reported by Benzinga.
Live Poll
Do you trust digital dollars like USDC to keep your money safe?
