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PR Newswire·

Compass, Inc. Reports Record Second Quarter 2026 Results

COMP
  • Compass reported Q2 2026 revenue of $4.3 billion, a 14% year-over-year increase on a pro forma basis.
  • GAAP net income for the quarter was $92 million, while Adjusted EBITDA reached a record $363 million.
  • Operating cash flow totaled $191 million, and the company's cash balance increased $210 million quarter-over-quarter to $694 million.
  • The company achieved its entire $300 million Year 1 net cost synergy target five months ahead of schedule.
  • Compass raised its Year 1 actioned net cost synergy target to $330 million and its 2026 realized target to $220 million.
  • Brokerage Gross Transaction Value (GTV) grew 15.9% year-over-year on a pro forma basis, outperforming the market by 159 basis points.
  • Brokerage transactions increased 7.4% year-over-year on a pro forma basis, surpassing market transaction growth of 3.5%.
  • The brokerage segment closed 153,009 transactions, while the franchise segment closed 203,207 transactions in Q2 2026.
  • Total brokerage agent count stood at 83,184 at the end of Q2, with a retention rate of 95.5%.
  • Title and Escrow transactions surged 441% year-over-year to 42,608, driven by the integration of Anywhere.
  • Compass highlighted the launch of its "Home" platform features, including an AI Assistant and Compass One, which handled 35% of closed transactions.
  • Q3 2026 revenue guidance is set between $3.85 billion and $4.05 billion, with Adjusted EBITDA guidance between $275 million and $305 million.
  • Full-year 2026 non-GAAP operating expenses are projected between $2.75 billion and $2.80 billion, and the company expects to be free cash flow positive for the year.
  • Compass remains committed to redeeming its $500 million 9.75% Notes when first callable in Q2 2027.