Stablecoin issuer Circle reported $701 million in Q2 revenue, missing Wall Street estimates of about $713 million.
Stablecoin issuer Circle reported $701 million in revenue for the second quarter of fiscal year 2026 on Wednesday, narrowly missing preliminary Wall Street estimates.
Circle reported $701 million in total revenue and reserve income, up 7% year-over-year, according to its announcement. It also reported net income from continuing operations of $48 million, marking a $530 million year-on-year increase.
Circle also reported $668 million in reserve income, which increased 5% year-on-year, primarily due to a 25% increase in average USDC (USDC) circulation.
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