<p>American Banker and CoinGeek both cover Circle's Q3 earnings but state different year-over-year declines in reserve income.</p>
<div class="ag-dispute">
 <p>American Banker and CoinGeek both cover Circle's Q3 earnings but state different year-over-year declines in reserve income.</p>
 <h2 id="what-all-sources-agree-on">What all sources agree on</h2>
 <ul>
  <li>Circle reported $865 million in total revenue and reserve income, a 17% increase year-over-year.</li>
  <li>The $182 million ARC token presale boosted the quarter's 'other revenue' figure.</li>
  <li>Circle's reserve return rate fell by 61 basis points to 3.5%.</li>
  <li>Circle cut 5% of its workforce, with a $9.1 million restructuring cost tied to the layoffs.</li>
 </ul>
 <h2 id="where-the-reports-disagree">Where the reports disagree</h2>
 <div class="ag-dispute__point">
  <h3 id="span-1-span-year-over-year-percentage-decline-in-reserve-income"><span>1</span>Year-over-year percentage decline in reserve income</h3>
  <blockquote class="ag-dispute__pos">
   <p>Reserve income decreased 8% YoY as its return rate fell by 61 basis points to 3.5%.</p>
   <p><cite><a href="https://www.americanbanker.com/news/arc-token-presale-boosts-circle-revenue-for-q3" rel="noopener noreferrer nofollow">American Banker</a> 2026-11-05 01:51</cite></p>
  </blockquote>
  <blockquote class="ag-dispute__pos">
   <p>USDC on-chain volume jumped 49% to $13.9 trillion, yet reserve income fell 5% as T-bill yields dropped to 3.5%.</p>
   <p><cite><a href="https://coingeek.com/circle-sees-revenue-surge-on-arc-sales-lays-off-5-of-staff/" rel="noopener noreferrer nofollow">CoinGeek</a> 2026-11-05 08:00</cite></p>
  </blockquote>
  <p><b>What would settle it:</b> Circle's official Q3 earnings release or SEC filing showing the exact reserve income figures for Q3 and the comparable prior-year quarter.</p>
 </div>
 <h2 id="what-to-make-of-it">What to make of it</h2>
 <p>Treat the $865 million total revenue figure, the 17% year-over-year growth, the $182 million ARC presale boost, and the 3.5% reserve return rate as established since both outlets agree. The exact percentage decline in reserve income (8% versus 5%) is unresolved and should not be cited as a settled figure until checked against Circle's own earnings filing.</p>
</div>
<p>Treat the $865 million total revenue figure, the 17% year-over-year growth, the $182 million ARC presale boost, and the 3.5% reserve return rate as established since both outlets agree. The exact percentage decline in reserve income (8% versus 5%) is unresolved and should not be cited as a settled figure until checked against Circle's own earnings filing.</p>
<p>Originally reported by <a href="https://altcoingordon.com/circle-reports-differ-reserve-income-decline-8-vs-5/" rel="noopener noreferrer nofollow">AltcoinGordon</a>, written by Olivia Hayes. Republished with permission.</p>
<p><a href="https://altcoingordon.com/circle-reports-differ-reserve-income-decline-8-vs-5/" rel="noopener noreferrer nofollow">View the original on AltcoinGordon →</a></p>
<p>The post <a href="https://thecoinrise.com/circle-reports-differ-on-reserve-income-decline-8-vs-5/" rel="noopener noreferrer nofollow">Circle Reports Differ on Reserve Income Decline: 8% vs 5%</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.</p>

Circle Reports Differ on Reserve Income Decline: 8% vs 5%

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