Filing Flows › Costar Group (CSGP) › Q2 2026 › vs Q2 2025
Costar Group (CSGP) Q2 2026 vs Q2 2025 (year over year)
Costar Group's revenue rose $144M (+18%) from $781M in Q2 2025 to $925M in Q2 2026. The biggest changes: Residential Real Estate +$109M (+33%); Commercial Real Estate +$35.0M (+8%). Gross margin 78.7% against 78.5% (+0.2 pts).
Costar Group, Q2 2026: revenue $925M (+18% year over year), operating margin 8.2%, net earnings $55.0M, operating cash flow $115M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 78.7% | 78.5% | +0.2 pts |
| Operating margin | 8.2% | -3.5% | +11.7 pts |
| Net margin | 5.9% | 0.8% | +5.2 pts |
| Free cash flow margin | 8.3% | 3.6% | +4.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Commercial Real Estate | $481M | $446M | $35.0M | +8% |
| Residential Real Estate | $444M | $335M | $109M | +33% |
| Revenue | $925M | $781M | $144M | +18% |
| Gross profit | $728M | $613M | $115M | +19% |
| Cost of revenue | $197M | $168M | $29.0M | +17% |
| Operating profit | $76.0M | −$27.0M | $103M | — |
| Operating expenses | $652M | $640M | $12.0M | +2% |
| Pre-tax earnings | $74.0M | $22.0M | $52.0M | +236% |
| Sales & marketing | $395M | $395M | $0 | 0% |
| General & admin | $114M | $122M | −$8.0M | -7% |
| Other operating costs | $143M | $123M | $20.0M | +16% |
| Net earnings | $55.0M | $6.0M | $49.0M | +817% |
| Income tax | $19.0M | $16.0M | $3.0M | +19% |
| Operating cash sources | $178M | $124M | $54.0M | +44% |
| Depreciation & amortization | $85.0M | $66.0M | $19.0M | +29% |
| Share-based compensation | $38.0M | $52.0M | −$14.0M | -27% |
| Working capital & other | $63.0M | −$23.0M | $86.0M | — |
| Operating cash flow | $115M | $147M | −$32.0M | -22% |
| Free cash flow (OCF − capex) | $77.0M | $28.0M | $49.0M | +175% |
| Capital expenditures | $38.0M | $119M | −$81.0M | -68% |
Questions
How much did Costar Group's revenue grow year over year in Q2 2026?
Costar Group's revenue rose $144M (+18%) from $781M in Q2 2025 to $925M in Q2 2026.
What drove Costar Group's revenue change in Q2 2026?
Residential Real Estate +$109M (+33%); Commercial Real Estate +$35.0M (+8%).