Mobility Global (MBGL) Q2 2026 earnings summary

Executive summary

• Launched as an independent public company on July 1, 2026, after separation from S&P Global, integrating five businesses and listed as MBGL on NYSE.

• Achieved 7% year-over-year revenue growth in Q2 2026 to $468 million, with CARFAX up 8% and B2B up 4%.

• Adjusted EBITDA for Q2 2026 reached $202 million (43% margin), up 7% year-over-year.

• Launched new CARFAX products (Homegrown, Showroom) and expanded internationally with CARFAX Germany.

• Initiated a quarterly cash dividend of $0.06 per share, reflecting strong cash generation.

Financial highlights

• Q2 2026 revenue: $468 million, up 7% year-over-year; six-month revenue: $923 million, up 7%.

• Net income for Q2 2026: $53 million (11% margin), down 18% year-over-year, due to one-time separation costs.

• Adjusted EBITDA for Q2 2026: $202 million (43% margin); six-month Adjusted EBITDA: $386 million (42% margin), up 8%.

• Free cash flow for Q2 2026: $129 million, down 21% year-over-year; six-month free cash flow: $177 million.

• Diluted EPS for Q2 2026: $0.18, down 18% year-over-year.

Outlook and guidance

• Full-year 2026 revenue guidance: $1,870–$1,885 million (6.9%–7.7% growth); Adjusted EBITDA guidance: $745–$760 million (~40% margin).

• Margins expected to be volatile due to standalone costs and transition period.

• GAAP tax rate expected at 28%–31%; average share count 295M–297M.

• No macroeconomic improvement assumed in H2; sequential revenue improvement expected, mainly from CARFAX.

• Medium-term financial targets reiterated, reflecting confidence in ongoing performance.