Circle Q3 revenue and reserve income reached $865 million, with USDC on-chain transaction volume up 49% year-over-year.

BlockBeats news, November 4 — Circle released its Q3 2026 financial report, with total revenue and reserve income reaching $865 million, up 17% year-over-year; net income from continuing operations of $226 million, up 5% year-over-year; adjusted EBITDA of $317 million, up 85% year-over-year.

Breaking it down, reserve income was $658 million, down 8% year-over-year; other income was $207 million, up 627% year-over-year, of which $182 million came from the ARC token pre-sale. Q3 average USDC circulation was $73.3 billion, up 8% year-over-year; on-chain transaction volume reached $13.9 trillion, up 49% year-over-year; period-end USDC market share was 27%, and the number of wallets holding more than $10 in USDC reached 7.3 million, up 16% year-over-year.

On the business side, Circle Payments Network (CPN) annualized payment volume reached $41.3 billion, and the company has signed a definitive agreement to acquire Singapore-based cross-border payment platform Tazapay, with the transaction expected to close in 2027. Additionally, Circle laid off approximately 5% of its workforce in Q3 and maintained its full-year 2026 financial guidance unchanged.