CoStar Group (CSGP)
NASDAQ:CSGP
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.27Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a broadly positive operating and financial update: strong revenue growth (23% YoY), a doubling of adjusted EBITDA, raised EBITDA and EPS guidance, rapid Homes.com traction with compelling ROI for subscribers, successful Matterport integration and clear international progress. The primary negatives are execution and timing risks around a recently expanded salesforce (notably at Homes.com), bookings variability/quarterly noise, some short-term residential segment loss-making (expected to turn profitable in Q2), and market/seasonality headwinds in specific geographies. Overall, the positive developments and guidance increases outweigh the near-term operational challenges.Company Guidance
Strong Top-Line Growth
Q1 2026 revenue of $897 million, up 23% year-over-year and toward the high end of guidance; organic revenue growth of 10% for the quarter.
Adjusted EBITDA Outperformance
Q1 adjusted EBITDA of $132 million, doubling year-over-year, $17 million above the high end of guidance and described as 26% above the midpoint of prior guidance; full-year adjusted EBITDA guidance raised to $780–$820 million.
Raised EPS Guidance and Share Repurchase
Full-year adjusted EPS guidance increased to $1.32–$1.39 (up $0.09 at the midpoint); repurchased 11.4 million shares for $505 million in Q1 and plan to repurchase a total of $700 million in 2026.
Residential Segment Momentum
Residential revenue approximately $425 million in Q1, up ~32% year-over-year; adjusted EBITDA improved by $56 million with Residential expected to reach profitability in Q2 2026.
Homes.com Rapid Growth and ROI
Homes.com revenue $26 million in Q1, up 58% year-over-year; added 4,300 members in Q1 (up 205% YoY), 35,175 paying agents (76% on annual contracts), March ARR $106 million (up 92% YoY); analysis shows average subscriber earned $36,400 more in commissions in first year — an ~11x return versus average $3,400 annual subscription.
Net New Bookings Acceleration
Q1 net new bookings of $67 million, up 20% year-over-year; 2025 was a record year and Q1 2026 started stronger still according to management.
Commercial Business Strength
Commercial revenue of $472 million in Q1, up 15% year-over-year with a 34% commercial adjusted EBITDA margin ($161 million); CoStar product revenue $331 million (up 9% YoY) with CoStar users up 22% to 317,000.
LoopNet and Marketplace Execution
LoopNet revenue $85 million in Q1, up 16% year-over-year (11% organic); paid listings rose U.S. +10%, Canada +35%, U.K. +63%; Europe unique visitors more than doubled (+102%) to >900,000 monthly uniques.
Matterport Integration and Growth
Matterport subscription revenue up 19% year-over-year; new enterprise accounts in March up 31% and direct sales up 16%; Matterport is being integrated across Apartments.com, Homes.com, LoopNet and others and delivering meaningful engagement lift (e.g., listings with Matterport drove 46% more time on listings and dramatically higher tour requests).
Apartments.com Engagement and Product Innovation
Apartments.com revenue $312 million in Q1 (management cited 10% YoY), 220 million renter visits, 370,000 tours and 300,000 applications; monthly renewal rate 99% and NPS of 89; rollouts include Smart Search (users spend 94% more time and view 63% more listings) and upcoming Apartments AI.
International Expansion Gains Traction
CoStar U.K. revenue up 25% and net new bookings up 44% YoY; CoStar Canada revenue up 22% YoY; Domain Australia Q1 revenue $68 million with total users up 47% YoY and listings up 28%; plans to launch CoStar/LoopNet in Australia in Q3/Q4 and CoStar France launching in Q2.
Product and AI-Driven Progress
Multiple AI-enabled product launches and internal deployments: Homes AI (consumers using AI search show 4x time on site and 7x leads), AI lease abstraction for Real Estate Manager, STR profitability benchmarking with ~750 hotels contributing data, and roadmap to AI-enabled CRE debt benchmarking and loan origination workflows.
CSGP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CSGP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $49.15 | $44.78 | -8.89% |
Oct 28, 2025 | $78.23 | $70.51 | -9.87% |
Jul 22, 2025 | $85.16 | $91.00 | +6.86% |
Apr 29, 2025 | $82.70 | $74.17 | -10.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CoStar Group (CSGP) report earnings?
CoStar Group (CSGP) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is CoStar Group (CSGP) earnings time?
CoStar Group (CSGP) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSGP EPS forecast?
CSGP EPS forecast for the fiscal quarter 2026 (Q2) is 0.27.