CoStar Group CSGP Q2 2026: Homes.com Turns Profitable, EBITDA Doubles
As seen on the 24/7 Wall St. homepage on July 28, 2026.
CoStar's Homes.com investment finally turned Adjusted EBITDA positive in the residential segment, driving a 41 million dollar sequential swing that lifted overall Adjusted EBITDA past $184 million to more than double year-over-year, as the company beat EPS by nearly 12% despite a marginal revenue miss.
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CoStar Group reported Q2 2026 earnings per share of $0.32, beating the consensus estimate of $0.286 by nearly 12%. Revenue came in at $925 million, just a fraction below the $929 million estimate — a marginal miss that did little to overshadow the more significant story playing out at the profitability level.
The headline development this quarter was Homes.com reaching Adjusted EBITDA profitability in the residential segment for the first time, producing a $41 million sequential swing that helped push overall Adjusted EBITDA past $184 million. That figure represents more than a doubling compared to the same quarter a year ago, a milestone that signals CoStar's heavy investment in building Homes.com into a residential real estate platform is beginning to convert into bottom-line results.
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Looking at CoStar's recent earnings track record, the company has beaten EPS estimates in each of the past eight quarters, with Q2 2026 marking one of the larger beats in that stretch. The consistent pattern of outperforming on the bottom line, even in quarters with slight revenue shortfalls, underscores how much investor attention is now focused on the company's path to sustained profitability rather than top-line growth alone.
Mentioned: CSGP