Quarterly ResultJul 29, 2026, 04:13 PM
CoStar Group Q2 Revenue $925M, Net Income $55M, EPS $0.14
AI Summary
CoStar Group reported strong financial results for Q2 2026, with revenue climbing to $925 million and net income significantly increasing to $55 million, resulting in diluted EPS of $0.14. The company also generated $267 million in net cash from operating activities over the first six months of 2026. Strategic activities included the proposed acquisition of Zonda and the repurchase of $587 million in stock, alongside the settlement of $109 million in litigation accruals.
Key Highlights
- Q2 2026 Revenue increased to $925 million from $781 million YoY.
- Q2 2026 Net Income rose to $55 million from $6 million YoY.
- Q2 2026 Diluted EPS reached $0.14, up from $0.01 YoY.
- Net cash provided by operating activities was $267 million for six months.
- Repurchased $587 million in stock under repurchase programs for six months.
- Settled $109 million in litigation accruals during the six months.
- Proposed Zonda acquisition via Stock Purchase Agreement on May 28, 2026.
- Acquired noncontrolling interest in AOMs for $26 million in June 2026.
Price Impact
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