Circle exceeds Q3 forecasts with Arc launch, USDC growth
6.8 Investments Circle’s Q3 2026 revenue hit $865M, up 17%. USDC volume rose 49% to $13.9T. ARC token presale and Arc blockchain launch drove growth. Circle cut its workforce by 5%.
Circle reported third-quarter 2026 revenue of $865 million, a 17% year-over-year increase that exceeded analyst expectations. Adjusted EBITDA reached $317 million, and net income from continuing operations rose 5% to $226 million. USDC stablecoin transaction volume surged 49% to $13.9 trillion, though its market share declined to 27%. Revenue growth was driven by USDC reserve income and the ARC token presale, which raised between $182 million and $222 million at a $3 billion valuation. During the quarter, Circle launched its Arc blockchain mainnet, partnering with over 100 institutions, including BlackRock, DTCC, and Visa. While Arc’s debut boosted quarterly results, its impact may not be repeated. Circle reaffirmed its Tazapay acquisition agreement and announced a 5% workforce reduction, incurring a $9.1 million restructuring charge. The company maintained its full-year expense outlook.
