Circle’s Q3 earnings beat forecasts for adjusted profit per share and revenue, but its stock fell in premarket trading as the stablecoin issuer also disclosed job cuts. Net income from continuing operations reached $226 million in the third quarter of 2026, a 5% increase from a year earlier.
In its November 4 results, Circle reported 84 cents in adjusted earnings per share , topping analysts’ expectations. Combined revenue and reserve income totaled $865 million , also above forecasts.
Activity in its USDC stablecoin increased sharply: transaction volume climbed 49% to $13.9 trillion . The earnings and revenue beats did not translate into a premarket gain, with shares declining about 1.2% following the release.
Circle’s Q3 earnings include Arc presale and restructuring
A private presale of the Arc blockchain’s native token brought in $182 million in revenue , Circle said. The company also listed Arc’s public mainnet debut among its quarterly highlights.
Other developments included an agreement to acquire Tazapay , a Singaporean payments network, and a $100 million investment from Binance during the quarter. Circle identified both the acquisition agreement and the cryptocurrency exchange’s investment as highlights alongside the blockchain launch.
The corporate developments came alongside a workforce reduction. Circle cut staff by 5% and booked a $9.1 million restructuring charge in its third-quarter results . Circle said the layoffs were intended to bring its organizational structure into closer alignment with its operating model.
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