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Costar Group (CSGP) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Costar Group (CSGP) Q3 2026 earnings results →

Q3 2026 Revenue up 14% year over year to $952M · 8¢ of every $1 of revenue kept as net profit · operating margin 8.8%

Costar Group made $952M in Q3 2026 (+14% Y/Y): Commercial Real Estate $492M, Residential Real Estate $460M. Operating margin 8.8%, net earnings $74.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$952M
Year over year+14%
Operating margin8.8%
Net earnings$74.0M
Operating cash flow$188M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $952.0M in Q3 2026, up 14% year over year and up 3% from the previous quarter. Commercial Real Estate was the largest line at 52% of revenue. Residential Real Estate added $87.0M year over year (up 23%), 74% of the total change.

Gross margin was 77.8%, down 1.5 points from Q3 2025. Operating profit was $84.0M, a 8.8% margin (up 14.9 points year over year). Operating expenses fell 8% while revenue rose 14%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $74.0M. The effective tax rate was 11.9%.

Operating cash flow was $188.0M (up 176% year over year), 254% of net earnings. Non-cash charges added back $98.0M of depreciation and amortization and $32.0M of share-based compensation. Working capital and other items used $16.0M. Capital expenditures of $51.0M left free cash flow of $137.0M.

Quarterly history

Costar Group revenue by quarterCostar Group revenue by quarter$732MQ1 2025$781MQ2 2025$834MQ3 2025$900MQ4 2025$897MQ1 2026$925MQ2 2026$952MQ3 2026
Costar Group net earnings by quarterCostar Group net earnings by quarter−$15.0MQ1 2025$6.0MQ2 2025−$30.9MQ3 2025$47.0MQ4 2025$3.0MQ1 2026$55.0MQ2 2026$74.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$952M+14%8.8%$74.0M$188M
Q2 202610-QJul 29, 2026$925M+18%8.2%$55.0M$115M
Q1 202610-QApr 29, 2026$897M+22%0.3%$3.0M$152M
Q4 202510-KFeb 26, 2026$900M+27%5.4%$47.0M$162M
Q3 202510-QOct 29, 2025$834M+20%-6.1%−$30.9M$68.0M
Q2 202510-QJul 23, 2025$781M+15%-3.5%$6.0M$147M
Q1 202510-QMay 1, 2025$732M+12%-5.9%−$15.0M$53.0M

Charts

Costar Group: revenue growth, year over year and quarter over quarterCostar Group: revenue growth, year over year and quarter over quarterY/YQ/Q+12%Q1 2025+15%+7%Q2 2025+20%+7%Q3 2025+27%+8%Q4 2025+22%0%Q1 2026+18%+3%Q2 2026+14%+3%Q3 2026
Latest (Q3 2026): Y/Y +14%, Q/Q +3%.
Costar Group: where the cash came from (+) and went (−), TTM to Q3 2026Costar Group: where the cash came from (+) and went (−), TTM to Q3 2026Cash drawn (+) / kept (−)$1.5BBuybacks−$1.1BAcquisitions−$789MOperating cash flow$617MCapital spending−$195MOther investing−$63.0MTaxes on employees’ shares−$35.0MOther financing−$9.0MNet borrowing (+) / repaid (−)−$6.0MExchange rates−$2.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Costar Group: profit against cash, quarter by quarterCostar Group: profit against cash, quarter by quarterNet incomeOperating cash flow$60.1M$95.0MQ4 2024−$15.0M$53.0MQ1 2025$6.0M$147MQ2 2025−$31.0M$68.0MQ3 2025$47.0M$162MQ4 2025$3.0M$152MQ1 2026$55.0M$115MQ2 2026$74.0M$188MQ3 2026
Latest (Q3 2026): Net income $74.0M, Operating cash flow $188M.
Costar Group: diluted shares by fiscal yearCostar Group: diluted shares by fiscal year383MFY2020394MFY2021398MFY2022407MFY2023408MFY2024421MFY2025
+9.8% since FY2020: more shares outstanding (issuance, stock pay).
Costar Group: long-term debt falling due (FY2025)Costar Group: long-term debt falling due (FY2025)$28.0M2026$28.0M2027$28.0M2028$28.0M2029$28.0M2030
Cash $1.6B, short-term investments —, long-term debt $140M at 2025-12-31.
Costar Group in its industry: growth against margin (87 companies, SIC 7389)Costar Group in its industry: growth against margin (87 companies, SIC 7389)revenue growth, year over year →↑ operating marginmedian +8%median 7%ACNUBERVMELIMAPYPLFISVDASHAMTMFISGPNEBAYCNXCLYFTBRCPAYFOURRBAMMSTNETAKAMCARTWUADVMSCIWEXZGCBZETSYFICOTICEXLSCNDTRELYALITMBGLQNSTMAXPAYHQYPAYOPRTHCTEVXMTRFLYWGETYANDGNUTXACVAXBPSEZLIMXILQDTPHRRMNIRPAYRGPSCORJANLCASSAMWLSGRPDHXBAERPAYSOPRXNOTEHGBLPOWWRSSSDVLTPAYDQMCIINVUTGLASFHCJMBOLBXHLDFTFTDBMMCNFNSRCOGBUXWASTBCRDCSGP (+14%, 9%)
Services-Business Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Costar Group

In this Report, the words “we,” “our,” “us,” “CoStar Group,” or the “Company” refer to CoStar Group, Inc. and its direct and indirect wholly-owned subsidiaries. This Report also refers to our websites, but information contained on those sites is not part of this Report. CoStar Group is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets. Our mission is to digitize the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

In its own words, from its 10-K, filed Feb 26, 2026.

Costar Group against its Services-Business Services, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +13%. Operating margin: 8.8% against the peers' median 9.8%.

CompanyQuarterRevenueY/YOp. margin
CSGP Costar GroupQ3 2026$952M+14%8.8%
ACN AccentureQ4 FY26$18.7B+6%15.3%
UBER Uber TechnologiesQ3 2026$14.8B+10%9.8%
V VisaQ4 FY26$12.1B+13%59.8%
MELI MercadoLibreQ3 2026$10.8B+45%6.3%
MA MastercardQ3 2026$9.8B+14%59.8%
PYPL PayPal HoldingsQ3 2026$8.6B+2%16.3%
FISV FiservQ3 2026$5.2B-1%-105.7%
DASH DoorDashQ3 2026$4.6B+34%9.6%

Source: Costar Group 10-Q on SEC EDGAR · CIK 1057352 · Services-Business Services, NEC

Guidance and outlook

Costar Group Revenue: guidance against what was reportedCostar Group Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$2.7BQ1 2025$732MQ2 2025$781MQ3 2025$834MFY2025$3.2BQ4 2025$900MFY2026Q4 2026
Met or beat 6 of 6 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns CSGP and who is buying

Largest holders of CSGP (13F)Largest holders of CSGP (13F)Vanguard Group$4.7BVanguard Portfolio Management LLC$1.1BBlackRock$958MVanguard Capital Management LLC$756MBamco$612MState Street$521MCapital International Investors$471MBaillie Gifford$373MGeode Capital Management, LLC$343MAkre Capital Management LLC$331M
Funds' net buying of CSGP by quarter (13F)Funds' net buying of CSGP by quarter (13F)$669M2024-09$698M2024-12$1.5B2025-03−$286M2025-06−$564M2025-09$235M2025-12−$28.0M2026-03−$279M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CSGP

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：Costar Group（CSGP）财报

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