CoStar

Q2 FY2026 EarningsQ2 FY26 revenue of $925M slightly missed the $929M consensus, despite an 18% YoY increase driven by the Domain acquisition. Normalized EPS of $0.14 significantly missed the $0.286 consensus, impacted by elevated legal settlements (Brown Judgment) and acquisition integration costs. While Residential revenue surged 33% YoY, the Commercial Real Estate segment growth moderated to 8% with Ten-X transaction volumes remaining soft. The pending $800M Zonda acquisition and $913M remaining in share buyback authorization highlight a capital-intensive outlook amid strategic AI expansion.