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-over-year increase.
Circle also reported $668 million in reserve income, which increased 5% year-over-year, primarily due to a 25% increase in average USDC (USDC) circulation.
The earnings results narrowly missed the average consensus of $713.32 million, according to Wall Street analyst estimates compiled by Yahoo Finance. Circle’s shares rose 5.7% in pre-market trading on Wednesday to change hands above $66.5, but remain down 20% year-to-date, according to Yahoo Finance data.
The earnings report comes weeks ahead of the public mainnet launch of Circle’s…
