Circle Internet Group (STU:ET9) EBIT: €-121 Mil (TTM As of Mar. 2026)


STU:ET9 Circle Internet Group Inc STU:ET9
40 GF Score
Price €54.75
! 4 Warning Signs
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What is Circle Internet Group EBIT?

Circle Internet Group STU:ET9 -17.48% 40 EBIT is €-121 Mil as of Mar. 2026. GuruFocus rates STU:ET9 with a GF Score™ of 40/100. The stock has 4 warning signs investors should review.

Circle Internet Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €49 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €-121 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Circle Internet Group's annualized ROC % for the quarter that ended in Mar. 2026 was 0.23%. Circle Internet Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Circle Internet Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.98%.


Circle Internet Group  (STU:ET9) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Circle Internet Group's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=158.668 * ( 1 - 2.54% )/( (65609.413 + 68123.984)/ 2 )
=154.6378328/66866.6985
=0.23 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=67221.079 - 307.96 - ( 1303.706 - max(0, 64330.449 - 66442.453+1303.706))
=65609.413

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=69664.313 - 226.816 - ( 1313.513 - max(0, 66652.905 - 68856.227+1313.513))
=68123.984

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Circle Internet Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=196.26/( ( (19.464 + max(784.181, 0)) + (19.48 + max(832.04199999999, 0)) )/ 2 )
=196.26/( ( 803.645 + 851.52199999999 )/ 2 )
=196.26/827.58349999999
=23.71 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(240.902 + 0 + 64842.283) - (307.96 + 0 + 63991.044)
=784.181

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(244.786 + 0 + 67240.161) - (226.816 + 0 + 66426.089)
=832.04199999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Circle Internet Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-121.386/12363.844
=-0.98 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Circle Internet Group EBIT Related Terms


Circle Internet Group EBIT Historical Data

* Premium members only.

The historical data trend for Circle Internet Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Circle Internet Group EBIT Chart

Circle Internet Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -441.69 -713.50 294.23 213.42 -86.82

Circle Internet Group Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 83.41 -421.07 130.74 119.88 49.07

STU:ET9 vs IREN, TW, LPLA: EBIT Comparison

For the Capital Markets subindustry, Circle Internet Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Circle Internet Group EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Circle Internet Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Circle Internet Group's EV-to-EBIT falls into.


STU:ET9
40GF Score
Circle Internet Group Inc STU:ET9
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Circle Internet Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-121 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €-121 Mil mean?
Circle Internet Group (STU:ET9) has a EBIT of €-121 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Circle Internet Group.
Is Circle Internet Group's EBIT too high?
Circle Internet Group's current EBIT is €-121 Mil. Overall, Circle Internet Group has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Circle Internet Group's EBIT compare to IREN and TW?
Circle Internet Group's EBIT of €-121 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Capital Markets company?
A good EBIT depends on the Capital Markets industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Circle Internet Group. Circle Internet Group's current EBIT is €-121 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Circle Internet Group stock overvalued right now?
Circle Internet Group (STU:ET9) has a current EBIT of €-121 Mil. The current EBIT is €-121 Mil. Circle Internet Group's overall GF Score™ is 40/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Circle Internet Group (STU:ET9), the current EBIT is €-121 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Circle Internet Group Business Description

Other Exchanges CRCL:USA1CRCL:Italy
Address One World Trade Center, New York, NY, USA, 10007
Circle Internet Group Inc is a financial technology firm engaged in digital currencies and public blockchains for payments, commerce, and financial applications. The company's platform is a full-stack, internet financial platform business, organized around three pillars: Arc Blockchain and Developer Infrastructure, Circle Digital Assets and Services, and Circle Applications.
40GF Score

Get the complete analysis for STU:ET9

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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