Circle hit $1.4B revenue in H1 2026, kept 7% as profit

Circle generated $1.4 billion in H1 2026 revenue. Net profit landed at 7% of that total, or approximately $98 million. The remainder split between USDC partner payouts at 59% and transaction costs, leaving a compressed margin structure typical of stablecoin infrastructure operators.

The revenue base reflects Circle's position in tokenized finance, though the profit conversion rate shows the cost intensity of maintaining USDC liquidity and settlement networks across multiple chains.

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