CoStar Q3 2026: revenue $952 million, adjusted EBITDA doubles
CoStar's third quarter of 2026 was a profitability quarter, not just a growth quarter: revenue rose 14.1% to $952 million while adjusted EBITDA doubled to $229 million. Adjusted EPS of $0.38 beat the $0.344 consensus, and management raised full-year Adjusted EBITDA guidance. The soft spots are a gross margin that slipped to 77.8% and fourth-quarter revenue guidance whose midpoint sits below consensus.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $0.18 against a $0.07 loss a year earlier, and adjusted EPS of $0.38 beat the $0.344 consensus by roughly 10.5%. Adjusted net income of $153 million rose 59.4% year-over-year. The gap between the two EPS lines is mostly $73 million of acquired-intangible amortization and $32 million of stock-based compensation.
Revenue of $952 million was a record and 14.1% above the $834 million booked a year earlier. Residential did the heavy lifting, rising 23.3% to $460 million, while commercial real estate grew 6.7% to $492 million. The two segments are now almost equal in size, so the growth engine is no longer the data subscription business alone.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.