Jun 2026 (Q2 FY26) — Aug 4, 2026
Compass Q2 FY26 — Record Revenue & Adjusted EBITDA, Accelerated Cost Synergies, and Strong Agent Outperformance
Read the full callCompass (COMP) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Compass earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,306 | +109.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.9 | +1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 92.0 | +135.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
29 of 30 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Anywhere merger cost synergies actioned in year one | $250 million actioned in the first year | Dec 2025 | As of July, we actioned our entire year 1 target of $300 million in net cost synergies 5 months ahead of plan | Achieved |
| Anywhere merger cost synergies realized in-year | $150 million realized in the first year post close | Sep 2025 | our 2026 in-year realized net cost synergies to be $220 million compared to the $200 million that we previously stated | Revised Up |
| Quarterly weighted average share count | 720 million to 730 million shares | Dec 2025 | Our basic weighted average share count for the first quarter was 734 million shares, just slightly above the guidance range of 720 million to 730 million shares | Missed |
1 of Compass, Inc.'s 54 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 51 more targets are in the full ledger.
Claimed
- Record Q2 revenue of $4.3 billion, up 14% year-over-year.
- Record Q2 adjusted EBITDA of $363 million, almost triple prior year (stand-alone basis).
- Brokerage business transactions up 7.4% year-over-year, outperforming the market (up 3.5%) for 21 consecutive quarters.
- Net debt to adjusted EBITDA lowered by roughly one turn to 3.3x (from 4.2x in Q1 FY26).
- Actioned $300 million in net cost synergies 5 months ahead of plan, now targeting $330 million for year 1.
Qualified
- Commissions and other related expenses as a percentage of Brokerage segment revenue increased by 43 basis points to 82.2% (from 81.7% pro forma YoY) due to mix.
- Gross agent adds in the quarter were 2,816, down from 3,503 in Q1, reflecting a shift in recruiting practices.
- Q3 FY26 revenue guidance of $3.85 billion to $4.05 billion is lower than Q2 FY26 actual revenue of $4.3 billion.
Price
$9.01 −1.31% · −$0.12
Performance +23.6% 1Y
1Y: $7.29 on 17 Oct 2025 → $9.01. High $13.58 (26 Jan 2026), low $6.68 (7 Apr 2026).
- Previous close
- $9.13
- 52-week range
- $6.68 – $13.58
- One year
- +20.29%
Overview
- Symbol
- COMP
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
29 of 30 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Anywhere merger cost synergies actioned in year one | $250 million actioned in the first year | Dec 2025 | As of July, we actioned our entire year 1 target of $300 million in net cost synergies 5 months ahead of plan | Achieved |
| Anywhere merger cost synergies realized in-year | $150 million realized in the first year post close | Sep 2025 | our 2026 in-year realized net cost synergies to be $220 million compared to the $200 million that we previously stated | Revised Up |
| Quarterly weighted average share count | 720 million to 730 million shares | Dec 2025 | Our basic weighted average share count for the first quarter was 734 million shares, just slightly above the guidance range of 720 million to 730 million shares | Missed |
Claimed
- Record Q2 revenue of $4.3 billion, up 14% year-over-year.
- Record Q2 adjusted EBITDA of $363 million, almost triple prior year (stand-alone basis).
- Brokerage business transactions up 7.4% year-over-year, outperforming the market (up 3.5%) for 21 consecutive quarters.
- Net debt to adjusted EBITDA lowered by roughly one turn to 3.3x (from 4.2x in Q1 FY26).
- Actioned $300 million in net cost synergies 5 months ahead of plan, now targeting $330 million for year 1.
Qualified
- Commissions and other related expenses as a percentage of Brokerage segment revenue increased by 43 basis points to 82.2% (from 81.7% pro forma YoY) due to mix.
- Gross agent adds in the quarter were 2,816, down from 3,503 in Q1, reflecting a shift in recruiting practices.
- Q3 FY26 revenue guidance of $3.85 billion to $4.05 billion is lower than Q2 FY26 actual revenue of $4.3 billion.
The full ledger
Open Compass, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 54 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Compass Q1 FY26 — Synergy Targets Raised, Strong Q1 Outperformance, and AI Integration
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
Compass Inc. Q4 FY25 — Record Performance & Strategic Partnership
Read the full callEvery analysed call
Compass earnings calls (COMP)
Financials
What the filings say
Net profit, year on year: +136% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,494 | 1,380 | 1,356 | 2,060 | 1,846 | 1,700 | 2,704 | 4,306 |
| Operating profit | -3 | -41 | -54 | 39 | -7 | -42 | -351 | 124 |
| Operating margin | −0.2% | −2.9% | −4.0% | 1.9% | −0.4% | −2.5% | −13.0% | 2.9% |
| Interest | 2 | 2 | 2 | 3 | 2 | 2 | 37 | 41 |
| Profit before tax | -3 | -40 | -55 | 37 | -8 | -42 | -384 | 87 |
| Tax rate | 11.1% | −0.5% | 5.5% | 0.0% | 2.6% | −5.3% | 104.4% | 5.8% |
| Net profit | -2 | -40 | -51 | 39 | -5 | -43 | 22 | 92 |
| EPS ($ per share) | 0 | — | -0.09 | 0.07 | -0.01 | — | 0.03 | 0.12 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | — | -1,101 | -1,595 | -2,196 | -2,518 | -2,672 | -2,731 |
| Total liabilities | — | 741 | 953 | 1,012 | 728 | 766 | 753 |
| Fixed assets | — | 142 | 157 | 193 | 152 | 126 | 114 |
| Total assets | — | 1,365 | 1,801 | 1,533 | 1,160 | 1,178 | 1,540 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -377 | -58 | -29 | -292 | -26 | 122 | 217 |
| Cash from investing | 390 | -13 | -192 | -100 | -12 | -37 | -191 |
| Cash from financing | 350 | 20 | 399 | 135 | -157 | -28 | -50 |
| Net cash flow | — | — | 178 | -256 | -195 | 57 | -25 |
| Capital expenditure | -74 | -43 | -50 | -70 | -11 | -16 | -13 |
| Free cash flow | -451 | -101 | -79 | -362 | -37 | 106 | 203 |
COMP revenue by segment
| Segment | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|
| Brokerage | 91% | 92% | — |
| Integrated Services | 5% | 5% | — |
| Franchise | 3% | 3% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
COMP operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Gross transaction value Brokerage | $97.3BGross transaction value for the Brokerage segment was $97.3 billion in the first quarter.Source: earnings call transcript | $155.2BGross transaction value for the brokerage segment was $155.2 billion in the second quarter, up 16% year-over-year on a pro forma basis, which reflects a 7% increase in transactions and average selling price appreciation of 8% to an average price of just over $1 million.Source: earnings call transcript | +59.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
52 filings between Nov 11, 2025 and Sep 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$3.66M
13 sales by 3 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 23
- Option exercise — converted options into shares
- 12
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Wahlers Scott R. | — | $2.30M | Jan 7, 2026 |
| Reffkin Robert L. | — | $748.2K | Aug 3, 2026 |
| Serwin Bradley K | — | $606.9K | Nov 25, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 15, 2026 | Glass Ethan Charles Chief Legal Officer | Tax withheld | 50,970 | $542.8K |
| Sep 15, 2026 | Glass Ethan Charles Chief Legal Officer | Option exercise | 101,734 | $0 |
| Sep 15, 2026 | Wahlers Scott R. CFO | Tax withheld | 24,297 | $258.8K |
| Sep 15, 2026 | Wahlers Scott R. CFO | Option exercise | 47,466 | $0 |
| Sep 15, 2026 | Gustavson Timothy B. Chief Accounting Officer | Tax withheld | 1,176 | $12.5K |
| Sep 15, 2026 | Gustavson Timothy B. Chief Accounting Officer | Option exercise | 2,299 | $0 |
| Aug 3, 2026 | Reffkin Robert L. Chairman and CEO | Sale 10b5-1 plan | 23,456 | $274.4K |
| Aug 3, 2026 | Sordello Steven J Director | Option exercise | 2,419 | $0 |
| Jul 1, 2026 | Reffkin Robert L. Chairman and CEO | Sale 10b5-1 plan | 23,456 | $293.3K |
| Jun 15, 2026 | Glass Ethan Charles Chief Legal Officer | Tax withheld | 50,970 | $437.8K |
| Jun 15, 2026 | Glass Ethan Charles Chief Legal Officer | Option exercise | 101,733 | $0 |
| Jun 15, 2026 | Wahlers Scott R. CFO | Tax withheld | 24,233 | $208.2K |
| Jun 15, 2026 | Wahlers Scott R. CFO | Option exercise | 47,466 | $0 |
| Jun 15, 2026 | Gustavson Timothy B. Chief Accounting Officer | Tax withheld | 1,176 | $10.1K |
| Jun 15, 2026 | Gustavson Timothy B. Chief Accounting Officer | Option exercise | 2,299 | $0 |
| Jun 11, 2026 | McCarter Josh N. Director | Gift | 35,288 | $0 |
| Jun 11, 2026 | McCarter Josh N. Director | Gift | 35,288 | $0 |
| Jun 3, 2026 | Reffkin Robert L. Chairman and CEO | Sale 10b5-1 plan | 600 | $5.0K |
| Jun 3, 2026 | Reffkin Robert L. Chairman and CEO | Sale 10b5-1 plan | 22,856 | $175.4K |
| May 14, 2026 | Williams Dawanna Director | Option exercise | 35,288 | $0 |
| May 14, 2026 | Thomas-Graham Pamela Director | Option exercise | 35,288 | $0 |
| May 14, 2026 | McCarter Josh N. Director | Option exercise | 35,288 | $0 |
| May 14, 2026 | Martell Frank Director | Option exercise | 35,288 | $0 |
| May 14, 2026 | Leinwand Allan Director | Option exercise | 35,288 | $0 |
| May 14, 2026 | PHILLIPS JR CHARLES E Director | Option exercise | 35,288 | $0 |
| May 14, 2026 | Sordello Steven J Director | Option exercise | 35,288 | $0 |
| May 1, 2026 | Sordello Steven J Director | Option exercise | 2,773 | $0 |
| Mar 23, 2026 | Wahlers Scott R. CFO | Option exercise | 35,460 | $0 |
| Mar 23, 2026 | Wahlers Scott R. CFO | Tax withheld | 18,103 | $140.7K |
| Mar 16, 2026 | Glass Ethan Charles Chief Legal Officer | Option exercise | 101,733 | $0 |
| Mar 16, 2026 | Glass Ethan Charles Chief Legal Officer | Tax withheld | 50,970 | $422.0K |
| Mar 16, 2026 | Wahlers Scott R. CFO | Tax withheld | 28,941 | $239.6K |
| Mar 16, 2026 | Wahlers Scott R. CFO | Option exercise | 56,690 | $0 |
| Mar 3, 2026 | Leinwand Allan Director | Gift | 30,296 | $0 |
| Mar 3, 2026 | Leinwand Allan Director | Gift | 30,296 | $0 |
| Feb 4, 2026 | Reffkin Robert L. Chairman and CEO | Tax withheld | 638,797 | $7.65M |
| Feb 4, 2026 | Reffkin Robert L. Chairman and CEO | Option exercise | 1,154,593 | $0 |
| Feb 2, 2026 | Sordello Steven J Director | Option exercise | 2,773 | $0 |
| Jan 7, 2026 | Wahlers Scott R. CFO | Sale 10b5-1 plan | 99,986 | $1.20M |
| Jan 6, 2026 | Glass Ethan Charles Chief Legal Officer | Option exercise | 101,732 | $0 |
| Jan 6, 2026 | Wahlers Scott R. CFO | Option exercise 10b5-1 plan | 76,329 | $0 |
| Jan 6, 2026 | Glass Ethan Charles Chief Legal Officer | Tax withheld | 51,859 | $561.6K |
| Jan 6, 2026 | Wahlers Scott R. CFO | Tax withheld 10b5-1 plan | 39,895 | $432.1K |
| Dec 17, 2025 | Wahlers Scott R. CFO | Sale 10b5-1 plan | 26,600 | $292.6K |
| Dec 12, 2025 | Wahlers Scott R. CFO | Sale 10b5-1 plan | 23,500 | $258.6K |
| Dec 3, 2025 | Sordello Steven J Director | Option exercise | 2,773 | $0 |
| Nov 25, 2025 | Wahlers Scott R. CFO | Sale 10b5-1 plan | 49,900 | $549.0K |
| Nov 25, 2025 | Serwin Bradley K General Counsel | Sale 10b5-1 plan | 20,953 | $230.5K |
| Nov 24, 2025 | Serwin Bradley K General Counsel | Sale 10b5-1 plan | 20,952 | $220.0K |
| Nov 21, 2025 | Serwin Bradley K General Counsel | Sale 10b5-1 plan | 13,969 | $139.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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