)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
CoStar Group
CoStar Group (CSGP) investor relations material
CoStar Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
Q3 revenue was $952M, up 14% YoY and the 62nd consecutive quarter of double-digit growth; net income was $74M versus a $31M loss, and Adjusted EBITDA reached a record $229M, double YoY.
Residential revenue grew 23% to $460M, compared with 7% growth in Commercial revenue to $492M; net new bookings were $37M.
Management cited at least $200M of additional potential cost savings over 12–18 months while pursuing AI and proprietary-data opportunities.
Financial highlights
Q3 revenue was $952M, up 14% YoY; nine-month revenue was $2.774B, up 18%.
Q3 Adjusted EBITDA was $229M, a 24.1% margin; nine-month Adjusted EBITDA was $545M, a 20% margin.
Q3 Adjusted Net Income was $153M, or $0.38 per diluted share; Adjusted EPS rose 65% YoY. Q3 GAAP diluted EPS was $0.18 versus $(0.07).
Q3 gross profit rose 12% to $741M; operating income was $84M versus an operating loss of $51M a year earlier.
Adjusted operating expenses declined 2% YoY, or 5% pro forma for Domain and Zonda savings; selling and marketing and G&A each fell 12%.
Outlook and guidance
FY26 revenue guidance is $3.75B–$3.77B, up 16% at midpoint; Q4 guidance is $976M–$996M, up 9%–11% YoY.
FY26 Adjusted EBITDA guidance is $820M–$840M at a 22% margin, with midpoint raised $30M from July and $60M from February; Q4 guidance is $275M–$295M at a 29% midpoint margin.
FY26 Adjusted EPS guidance is $1.38–$1.41 on 405M weighted-average shares; Q4 guidance is $0.46–$0.50.
FY26 revenue guidance includes ~$60M from Zonda; excluding Zonda, the outlook was $35M, or 1%, below July.
The 2028 Adjusted EBITDA target remains $1.25B; at least $200M of additional potential cost efficiencies are targeted over 12–18 months, alongside growth investment.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from CoStar Group
- Q2 2026 revenue rose 18% to $925M, net income hit $55M, and Adjusted EBITDA more than doubled.CSGP
Q2 2026 - Digitalization, expanded TAM, and strategic investments drive growth across core and new platforms.CSGPKBW Fintech Conference
- Integrated platforms and data-driven strategy fuel rapid growth across real estate segments.CSGPInvestor Day 2024
- All proposals, including director elections and compensation, were approved without contest.CSGPAGM 2026
- 2025 saw 19% revenue growth, record bookings, and strong EBITDA, with robust 2026 guidance.CSGPQ4 2025
- Q2 2025 revenue rose 15% to $781M, with record bookings and raised full-year guidance.CSGPQ2 2025
- Significant investment in Homes.com and global expansion drive a differentiated growth strategy.CSGPStephens 26th Annual Investment Conference | NASH2024
- Q3 2024 revenue up 11% to $693M; net income $53M, strong growth but higher expenses.CSGPQ3 2024
- Q1 revenue up 12% to $732M, adjusted EBITDA up 429%, but net loss from acquisition costs.CSGPQ1 2025
Next CoStar Group earnings date
Q4 202623 Feb, 2027
CoStar Group
Next CoStar Group earnings date
Q4 202623 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Commercial Real Estate Information
CoStar Group, Inc. is an American company providing commercial real estate information, analytics, and online marketplaces. The company offers comprehensive data and insight on commercial properties, covering aspects like occupancy rates, transaction history, and property valuations. Its primary clients include real estate brokers, owners, investors, lenders, and appraisers. CoStar Group is headquartered in Washington DC, and its shares are listed on the Nasdaq.
Growth and Acquisitions
CoStar Group, Inc. was established in 1987 by Andrew C. Florance in Washington D.C. The company was created to consolidate and digitize information about commercial real estate properties, which was traditionally scattered and difficult to access. CoStar set out to create a comprehensive database to serve real estate professionals, making property data more readily available and analyzable.
Throughout its history, CoStar has expanded both its geographical reach and the scope of its services. Growth has been achieved through a combination of organic development and strategic acquisitions. Notable acquisitions include LoopNet in 2012, which enhanced its commercial real estate listings, and Apartments.com in 2014, expanding its presence in the residential market.
Extensive Database
CoStar Group provides an extensive array of services primarily centered around its comprehensive commercial real estate database, which is one of the largest of its kind. This database includes detailed information on properties, including sales and lease transactions, occupancy rates, property valuations, and historical data. By aggregating and analyzing this data, CoStar offers insights into real estate market trends, pricing, and investment opportunities. Their platform is particularly valuable for professionals like brokers, appraisers, and investors who require accurate and up-to-date information to make informed decisions. CoStar’s services are not just limited to data provision; they also include analytic tools that help users interpret market dynamics, evaluate property values, and identify potential risks and opportunities.
Property listings
CoStar Group operates several platforms for property listings, each serving a specific segment of the real estate market. LoopNet, a significant platform in CoStar's portfolio, focuses on commercial real estate. It is used by brokers and investors for listing and searching commercial properties. Another platform, Apartments.com, is built for residential listings, particularly apartments and multifamily units (similar to what Zillow and Redfin offer. These platforms offer users functionalities like search filters, property details, and tools for property marketing.