Mobility Global (MBGL) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $478M, up 7.4% YoY and 7.6% organically at constant currency, with growth across CARFAX and B2B.

• Adjusted EBITDA was $195M, up 2%, at a 41% margin; GAAP net income was $42M, down 41%.

• Q3 was the first full quarter as a standalone public company, with standalone costs reflected in results.

• Strategic priorities include applying AI to proprietary data, expanding products and international reach, and combining CARFAX and B2B capabilities.

Financial highlights

• Q3 subscription revenue rose 7% and represented 81% of total revenue; non-subscription revenue also increased 7%.

• Q3 operating profit was $92M, down 12%; diluted EPS was $0.14 versus $0.24, while adjusted diluted EPS was $0.40 versus $0.44.

• Adjusted net income was $119M versus $131M; nine-month adjusted EBITDA was $581M, up 6%, at a 41% margin.

• Operating cash flow was $205M and free cash flow was $186M; nine-month free cash flow was $363M versus $361M.

• Q3 revenue gains included ~$22M from pricing actions, with remaining growth primarily from net new business; nine-month pricing contributed ~$59M.

Outlook and guidance

• FY26 revenue guidance remains $1,870M–$1,885M, or 6.9%–7.7% YoY growth; assumptions include no Q4 net FX impact and no macro improvement.

• FY26 adjusted EBITDA guidance increased to $750M–$760M from $745M–$760M, with ~40% margin at the midpoint.

• Q4 organic constant-currency revenue growth is expected in the low 7% range; B2B growth is expected to moderate, with timing and comparison factors weighing on results.

• Q4 is expected to be FY26's lowest-margin quarter due to seasonal spending and a full quarter of standalone costs; gradual momentum is expected into 2027.

• FY26 GAAP tax rate is expected at ~32%; cash taxes are projected to exceed the GAAP provision by $80M–$90M annually due to acquired-intangible amortization.