Earnings Call
Jul 28, 2026
Q2 FY2026
EPS Estimate
0.29
EPS Actual
0.32
Post-Earnings Close
$29.83
Earnings Reaction
-1.6%
CoStar Group's second quarter 2026 results represent a meaningful profitability inflection, with adjusted EBITDA more than doubling year-over-year to $184 million, the second highest quarterly level in company history, and arriving above the high end of guidance. Revenue of $925 million grew 18% year-over-year, extending the company's streak to 61 consecutive quarters of double-digit revenue growth. Net income surged 817% and EBITDA rose 441%, driven by holding operating cost growth to just 2% year-over-year. The company is affirming its full-year adjusted EBITDA guidance of $780 million to $820 million, which would represent the highest annual EBITDA in CoStar's history, and is revising full-year revenue guidance modestly lower to $3.715 billion to $3.755 billion, reflecting deliberate strategic trade-offs rather than demand deterioration.
Report generated on Jul 29, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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