Exchanges· ★★★· neutral·

Circle posts 7.4% net margin for H1 2026 as partner payouts weigh

  • —H1 2026 revenue and reserve income totaled $1.395 billion
  • —Distribution and transaction costs reached $819.3 million, about 59 cents per dollar
  • —Net income from continuing operations was $103.5 million
  • —In September Circle renewed a five-year deal with Binance, which invested $100 million
Why it matters: Heavy partner payouts cap how much USDC revenue converts into profit, a key factor in judging the stablecoin issuer's economics.
Source: TokenPost