+11.3% (FY ended 2025-09-30 vs FY ended 2024-09-30) 10-K
Annual net income
20,058,000,000 USD (FY ended 2025-09-30, attributable to the company) 10-K
Annual operating margin
60.0% (FY ended 2025-09-30)
Forward P/E
Unavailable: no dated forecast source
Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
Visa Inc. and its peers
Company
Price
Market cap
P/E (trailing)
Forward P/E
Annual revenue (USD)
Annual revenue growth
Annual net income (USD)
Operating margin
Visa Inc.
V · Price dated Oct 27, 2026 · tokenized Vx
10,053,000,000FY ended 2025-12-31, attributable to the company · 10-K
10.7%FY ended 2025-12-31
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 10:41 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Circle Internet Group just dropped its second quarter earnings, and the numbers tell a story of a company quietly building the plumbing for institutional crypto. Revenue and reserve income hit $701 million for Q2 2026, a 7% bump year-over-year. Net income from continuing operations came in at $48 million.
Those topline numbers slightly missed some analyst expectations. CRCL shares popped roughly 9% in pre-market trading.
Arc’s founding validators read like a Davos guest list
Circle revealed the founding validator cohort for Arc, its layer-1 blockchain set to launch its public mainnet on September 16, 2026. The list includes BlackRock, Mastercard, and Visa, among others. That’s 11 validators tasked with securing the network from day one.
USDC keeps growing, and the volume numbers are staggering
USDC circulation reached $73.3 billion at the end of June 2026. Onchain transaction volume hit $14.8 trillion in Q2 alone, a 151% increase compared to the same period last year.
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On July 10, 2026, the Office of the Comptroller of the Currency granted Circle final approval for a national trust bank charter, allowing Circle to offer federally regulated digital asset custody services.
What this means for investors and the broader market
Circle’s revenue is heavily dependent on interest earned from USDC reserves, which means rate cuts from the Federal Reserve directly compress margins. A 7% revenue increase sounds healthy until you consider that USDC circulation growth and transaction volume growth were both dramatically higher in percentage terms. The gap between usage growth and revenue growth hints at margin pressure that could intensify if rates fall further.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
