Gemini Q1 2026 Revenue Jumps 42% as Credit-Card Shift Gains Traction
Gemini began as a cryptocurrency exchange but has expanded aggressively into financial services such as credit cards in recent years, reducing its reliance on trading volumes and fee income. Its first-quarter 2026 results underscored the importance of that shift: despite cooling crypto-market activity, revenue rose on the strength of a more diversified business mix.
Gemini posted total revenue of $50.3 million in the first quarter of 2026, up 42% from a year earlier. Cryptocurrency transaction-fee revenue declined as market trading activity slowed, but credit-card revenue rose nearly 300% year on year. Gemini shares surged as much as about 30% in after-hours trading following the report.
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The history behind this eventGemini Shares Jump 6% After Hours as Fourth-Quarter Revenue Rises 39%, Beats Estimates
Gemini is a U.S. cryptocurrency exchange whose revenue is highly sensitive to trading volumes and crypto-market volatility. Although the broader crypto market weakened in 2025, the company still posted a full-year loss. Investors are therefore watching whether growth in its credit card business and fee adjustments can boost revenue and strengthen its operating resilience.
Gemini reported fourth-quarter 2025 revenue of $60.3 million, up 39% from a year earlier. The result beat analysts’ expectations and marked its highest quarterly revenue in nearly three years. Despite the full-year loss, growth in the credit card business and pricing adjustments supported the results, sending the shares up 6% in after-hours trading.
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