Circle Internet Group, Inc.

NYSE:CRCL Stock Report

Market Cap: US$18.9b

Circle Internet Group Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Jeremy Allaire

Chief executive officer

US$16.3m

Total compensation

CEO salary percentage5.53%
CEO tenure13yrs
CEO ownership6.4%
Management average tenure3.1yrs
Board average tenure4yrs

Recent management updates

Recent updates

Analysis Article • Aug 12

Additional Considerations Required While Assessing Circle Internet Group's (NYSE:CRCL) Strong Earnings

Unsurprisingly, Circle Internet Group, Inc.'s ( NYSE:CRCL ) stock price was strong on the back of its healthy earnings...
Narrative Update • Aug 07

CRCL: Regulatory Progress And New Network Launch Will Support Future Upside

The analyst price target for Circle Internet Group has been reduced in line with a lower implied fair value of about $108, as analysts factor in concerns around USDC balances, rising distribution costs and stablecoin competition, even while acknowledging ongoing product rollouts and expanding addressable markets. Analyst Commentary Street research on Circle Internet Group shows a wide range of views on how sustainable the current business model is, how quickly growth can play out and what that means for valuation.
Seeking Alpha • Aug 07

Circle's Q2: Arc Token Presale Lifts Guidance And Bridges The Crypto Downturn

Summary Q2 results were stable, while the increase in FY2026 guidance was driven primarily by Arc token presale revenue. Interest rate and distribution-cost risks appear contained through year-end, while USDC circulation remains under pressure from the current crypto bear market. USDC is well positioned to benefit from the next recovery in crypto activity. Its concentration in trading, collateral, and DeFi makes circulation highly pro-cyclical and particularly responsive to a rebound in on-chain liquidity. Read the full article on Seeking Alpha
Narrative Update • Jul 24

CRCL: Rising Stablecoin Competition Will Pressure Future Earnings Power

The Analyst Price Target on Circle Internet Group has been revised to $50. This reflects analysts' tempered assumptions for USDC circulation growth, pressure on revenue and margin expectations, and rising concerns about stablecoin competition and potential pricing compression.
Narrative Update • Jul 10

CRCL: Regulatory Tailwinds And New Products Will Support Future Upside

Circle Internet Group's analyst price target has been trimmed as analysts incorporate lower revenue growth assumptions, a slightly higher discount rate, and competitive pressures from new stablecoin entrants. At the same time, they highlight firmer profit margin expectations and renewed interest following recent rating upgrades and price target resets across the Street.
Narrative Update • Jun 26

CRCL: Arc Network And Token Presale Will Reshape Long Term Earnings Profile

Analysts have trimmed their average price target for Circle Internet Group to about $234, down from roughly $271. They are factoring in slightly higher discount rates, more moderate revenue growth expectations, a higher projected profit margin, and a lower future P/E multiple following recent research updates on stablecoin competition, regulatory progress, and the Arc ecosystem.
Analysis Article • May 14

Circle Internet Group, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Investors in Circle Internet Group, Inc. ( NYSE:CRCL ) had a good week, as its shares rose 3.9% to close at US$127...
New Narrative • Feb 27

Circle Internet Group: From Crypto Proxy to Rate-Sensitive Financial Infrastructure

The market’s perception of Circle has shifted faster than its business itself. For much of the past year, CRCL traded like a speculative crypto equity, moving largely with sentiment rather than fundamentals.
User avatar
New Narrative • Jul 21

Circle: Powering the Digital Dollar

$62.3B in circulation

CEO Compensation Analysis

How has Jeremy Allaire's remuneration changed compared to Circle Internet Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

US$451m

Mar 31 2026n/an/a

-US$14m

Dec 31 2025US$16mUS$900k

-US$70m

Sep 30 2025n/an/a

-US$201m

Jun 30 2025n/an/a

-US$415m

Mar 31 2025n/an/a

US$84m

Dec 31 2024US$12mUS$900k

US$19m

Dec 31 2023US$10mUS$850k

US$49m

Dec 31 2022US$10mUS$850k

-US$762m

Compensation vs Market: Jeremy's total compensation ($USD16.26M) is about average for companies of similar size in the US market ($USD14.39M).

Compensation vs Earnings: Jeremy's compensation has been consistent with company performance over the past year.

CEO

Jeremy Allaire (54 yo)

13yrs
Tenure
US$16,260,836
Compensation

Mr. Jeremy D. Allaire serves as Chairman & CEO of Circle Internet Group, Inc. He has been in this position from August 2013. He is responsible for strategy, vision and operating execution at Circle. He is...

Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Allaire
Co-Founder13yrsUS$16.26m6.45%
$ 1.2b
Heath Tarbert
President & Chief Legal Officer3.1yrsUS$9.36m0.19%
$ 36.3m
Jeremy Fox-Geen
Chief Financial Officer5.3yrsUS$7.77m0.019%
$ 3.6m
Nikhil Chandhok
Chief Product & Technology Officer1.6yrsUS$7.88m0.28%
$ 53.5m
Hossein Razzaghi
Chief Commercial Officerno dataUS$20.80m0.26%
$ 49.2m
Dante Disparte
Chief Strategy Officer and Head of Global Policy & Operationsno datano datano data
Tamara Schulz
Chief Accounting Officerno datano datano data
Scott Blair
Senior VP of Strategic Finance & IRno datano datano data
Mandeep Walia
Chief Compliance & Risk Officerno datano datano data
Tim Queenan
Senior Vice President of Marketingno datano datano data
Brian Christman
Chief People Officerno datano datano data
Elisabeth Carpenter
Chief Strategic Engagement Officer1.6yrsUS$5.18m0%
$ 0
3.1yrs
Average Tenure
52yo
Average Age

Experienced Management: CRCL's management team is considered experienced (3.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jeremy Allaire
Co-Founder13yrsUS$16.26m6.45%
$ 1.2b
Bradley Horowitz
Independent Director1.9yrsUS$348.49k0.0056%
$ 1.1m
Martha Burns
Independent Director12.7yrsUS$329.99k0.13%
$ 24.5m
Adam Selipsky
Independent Director1.1yrsUS$447.47kno data
Craig Broderick
Lead Independent Director3.2yrsUS$346.99k0.0097%
$ 1.8m
Kirk Koenigsbauer
Independent Directorless than a yearno datano data
Patrick Neville
Independent Director10.3yrsUS$329.99k1.27%
$ 241.1m
Danita Ostling
Independent Director4.8yrsUS$351.49k0.0010%
$ 193.2k
4.0yrs
Average Tenure
60yo
Average Age

Experienced Board: CRCL's board of directors are considered experienced (4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/18 19:58
End of Day Share Price 2026/08/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Circle Internet Group, Inc. is covered by 34 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brooksley KangAletheia Analyst Network Limited
Robert BambergerBaird
David KoningBaird