Filing Flows › Costar Group (CSGP) › How it makes money
How Costar Group (CSGP) makes money
Costar Group (CSGP) made $952M of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Commercial Real Estate brought in $492M (52%); Residential Real Estate brought in $460M (48%). Of every dollar of revenue, 78¢ was left as gross profit, 9¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Commercial Real Estate | $492M | 51.7% | +2% | +7% |
| Residential Real Estate | $460M | 48.3% | +4% | +23% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $952M | 100.0% |
| Cost of revenue | $211M | 22.2% |
| Gross profit | $741M | 77.8% |
| Operating expenses | $657M | 69.0% |
| Operating profit | $84.0M | 8.8% |
| Income tax | $10.0M | 1.1% |
| Net earnings | $74.0M | 7.8% |
| Operating cash flow | $188M | 19.7% |
| Free cash flow | $137M | 14.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $952M | +14% |
| Q2 2026 | $925M | +18% |
| Q1 2026 | $897M | +22% |
| Q4 2025 | $900M | +27% |
| Q3 2025 | $834M | +20% |
| Q2 2025 | $781M | +15% |
| Q1 2025 | $732M | +12% |
From Costar Group's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Costar Group make money?
Costar Group (CSGP) made $952M of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Commercial Real Estate brought in $492M (52%); Residential Real Estate brought in $460M (48%). Of every dollar of revenue, 78¢ was left as gross profit, 9¢ was left as operating profit, 8¢ was left as net earnings.
What is Costar Group's biggest business?
Commercial Real Estate: $492M in the third quarter 2026, 52% of revenue, +7% from a year earlier.
What is Costar Group's profit margin?
Net earnings were $74.0M, 7.8% of revenue, in the third quarter 2026; the operating margin was 8.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.