Filing Flows › Costar Group (CSGP) › Q2 2026
Costar Group (CSGP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Costar Group (CSGP) reported revenue of $925M for the second quarter 2026 (Q2 2026), +18% from a year earlier and +3% from the quarter before. Operating margin was 8.2%, net earnings $55.0M (5.9% of revenue).
Costar Group, Q2 2026: revenue $925M (+18% year over year), operating margin 8.2%, net earnings $55.0M, operating cash flow $115M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $925M | +3% | +18% |
| Gross profit | $728M | +4% | +19% |
| Operating profit | $76.0M | 25× | — |
| Net earnings | $55.0M | 18× | +817% |
| Operating cash flow | $115M | -24% | -22% |
| Free cash flow | $77.0M | -28% | +175% |
What changed
Revenue was $925.0M in Q2 2026, up 18% 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 $109.0M year over year (up 33%), 76% of the total change.
Gross margin was 78.7%, up 0.2 points from Q2 2025. Operating profit was $76.0M, a 8.2% margin (up 11.7 points year over year). Operating expenses grew 2% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $55.0M, up 817% year over year. The effective tax rate was 25.7%.
Operating cash flow was $115.0M (down 22% year over year), 209% of net earnings. Non-cash charges added back $85.0M of depreciation and amortization and $38.0M of share-based compensation. Working capital and other items used $63.0M. Capital expenditures of $38.0M left free cash flow of $77.0M.
Questions
What was Costar Group's revenue in the second quarter 2026?
Costar Group (CSGP) reported revenue of $925M for the second quarter 2026 (Q2 2026), +18% from a year earlier and +3% from the quarter before.
Was Costar Group profitable in the second quarter 2026?
Operating profit was $76.0M (8.2% of revenue) and net earnings $55.0M.
Source: Costar Group 10-Q on SEC EDGAR.