CoStar Q2 Revenue Reaches $925M as Net Income Surges 817% to $55M
CSGP sits 16% above its 52-week low of $25.894 on elevated volume (2.2× avg).
Summary
CoStar Group posted Q2 2026 revenue of $925 million, an 18% year-over-year increase, and net income of $55 million, up 817%. Strong Residential Real Estate growth and disciplined cost management drove the results.
Key Events · Earnings and Guidance · CSGP
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Revenue Jumps 18% to $925M
Revenue for Q2 2026 reached $925 million, up from $781 million a year ago. Residential Real Estate surged 33% to $444 million, while Commercial Real Estate grew 8% to $481 million.
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Net Income Soars 817% to $55M
Net income hit $55 million, or $0.14 per diluted share, compared to just $6 million in Q2 2025. The dramatic improvement reflects operating leverage and lower acquisition-related costs.
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Adjusted EBITDA More Than Doubles
Adjusted EBITDA reached $184 million, up from $85 million in the prior-year quarter, driven by revenue growth and cost discipline across both segments.
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$589M in Stock Buybacks Executed
During the first half of 2026, 13.8 million shares were repurchased for $589 million under the $1.5 billion buyback program, leaving $913 million in remaining authorization.
Analysis · CSGP · Trade & Services
A breakout quarter saw revenue climb 18% to $925 million, while net income skyrocketed 817% to $55 million. The Residential Real Estate segment powered the advance, expanding 33% to $444 million on the back of the Domain acquisition and Homes.com membership gains. Adjusted EBITDA more than doubled to $184 million. Capital allocation was equally assertive: $589 million in stock was repurchased under the $1.5 billion buyback program, and the $800 million Zonda acquisition remains on schedule for the second half of 2026. The balance sheet holds $1.27 billion in cash, down from year-end following the buybacks and the $109 million Brown Judgment payment. This quarter marks a clear profitability inflection after years of heavy investment.
At the time of this filing, CSGP was trading at $29.98 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $12.2B. The 52-week trading range was $25.89 to $97.43. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.