Circle Q4 EPS $0.56 Tops Estimates as USDC Grows 72% to $75.3B
Circle reported Q4 EPS of $0.56 beating the $0.17 estimate, with revenue of $770.2M versus $739.4M expected. USDC in circulation grew 72% YoY to $75.3B while onchain volume reached $11.9T, and platform expansion hit milestones with 166M testnet transactions.
1. Q4 Financial Results
Circle delivered fourth-quarter earnings per share of $0.56, outperforming consensus by $0.39, and generated $770.2 million in revenue, surpassing the $739.4 million estimate. This double beat propelled shares higher as improved monetization of its stablecoin services underpinned top-line growth.
2. USDC Circulation and Onchain Transactions
USDC in circulation rose 72% year-over-year to $75.3 billion by year-end, while onchain transaction volume surged 247% to $11.9 trillion in the quarter, reflecting robust adoption across payments, treasury and onchain financial workflows.
3. Platform Expansion and Network Milestones
The public testnet for its Arc network processed over 166 million transactions with more than 100 participants, and 55 financial institutions have enrolled in its Payments Network—supporting an annualized transaction volume of $5.7 billion based on trailing 30-day activity.
4. Guidance and Outlook
Circle forecast $150 million to $170 million in other revenue for fiscal 2026 and reiterated a multi-year compound annual growth rate target of 40%, positioning the company for continued expansion of digital dollar infrastructure globally.