Circle is yet to name the day for Q3 2026. Until then CRCL has a BRVX quote every hour of every day, as a perpetual in either direction with up to 100x. The upcoming release covers July through September, and Circle usually gives a few weeks' notice. Circle's previous numbers, Q2 2026, appeared on August 5, 2026.
Trading with leverage involves significant risk: you may lose your collateral. You trade a price contract, not the share.
Next report · Q3 2026
Not announced yet
Circle announces the date on its pressroom and investor.circle.com; we update this page from it.
Last report:
Checked on September 25, 2026
Circle, the issuer of the USDC stablecoin, reports on a calendar-year basis, so Q3 2026 covers July to September. It released Q2 2026 results on August 5, 2026, with a live video webcast at 8:00 a.m. ET, and announced that date on its pressroom and investor.circle.com. Most of Circle's revenue is interest earned on the reserves behind USDC, so its results depend on how much USDC is in circulation and on short-term US interest rates. Circle was founded in 2013 by Jeremy Allaire and Sean Neville and listed on the NYSE on June 5, 2025, pricing its IPO at $31 a share. Besides USDC it issues EURC, a euro stablecoin.
Last report
Next report
Not announced yet
Names from Circle's own reporting. We do not publish forecasts.
The GENIUS Act, signed into law on July 18, 2025, set US federal rules for payment stablecoins, including full reserve backing and monthly reserve disclosures. Circle's updates on licences, on Arc, the Layer-1 blockchain for stablecoin finance it announced on August 12, 2025, and on other non-interest revenue show how far it relies on reserve income.
Circle's revenue moves with US short-term rates, so an FOMC decision can matter as much for CRCL as its own report. CRCL on BRVX is quoted before the 8:00 a.m. ET webcast and through the session.
CRCL is a young listing with a short trading history, and its price has swung widely on stablecoin news as well as on results.
CRCL at 5x: roughly a 15.9% adverse move uses the whole margin.
Trading with leverage involves significant risk: you may lose your collateral. You trade a price contract, not the share.
Check your liquidation priceNo date yet. Circle issues a press release naming the day and webcast time several weeks before each report.
8:00 a.m. ET on August 5, 2026, before the US open.
Yes. Circle Internet Group trades on the New York Stock Exchange under CRCL, and its Class A shares are what the BRVX perpetual follows.
Directly. Circle earns interest on the cash and Treasuries backing USDC, so lower short-term rates mean less revenue per USDC.
Mostly in the Circle Reserve Fund (USDXX), an SEC-registered government money market fund managed by BlackRock that holds short-term Treasuries, Treasury repos and cash. About 88% of reserves sat there at December 31, 2025; the rest is cash at several banks. Circle publishes the reserve composition on its transparency page.
Under their August 2023 agreement, reserve income less fees is shared out daily: Coinbase gets the part matching USDC held in its products, and 50% of what remains after Circle's own share. That cost appears as distribution and transaction costs in Circle's results.
A measure Circle reports: total revenue and reserve income minus total distribution, transaction and other costs. Shown as a percentage of revenue, it is the RLDC margin, and it shows how much of each quarter's income Circle keeps.
Circle's euro-backed stablecoin, issued alongside USDC. Circle's results focus on USDC, so EURC matters far less to its numbers.
0.05% to open and 0.05% to close, plus funding of 0.0034% an hour for a long, about $0.41 a day on $500.
No. BRVX lists a synthetic CRCL perpetual that follows Circle's share price in USDT; it gives no claim on the stablecoin or its reserves.
Take $100 of collateral at 5x: exposure to Circle comes to $500. Each side of the trade, in and out, costs 0.05% of that $500. Carrying it costs funding of 0.0034% per hour, which is about $0.41 over one day. A 9% swing in CRCL means roughly $45 gained or lost, and a 15.9% adverse swing consumes all $100.
Yes. USDC is one of six accepted margin tokens along with USDT, BTC, ETH, SOL and BNB. Posting USDC does not make the trade a USDC holding: you trade Circle's share price, with no dividend or vote.
Leverage works both ways: a small move against you can lose you the whole margin.
Trading with leverage involves significant risk: you may lose your collateral. Not available to US persons.
