Form 10-Q · Quarterly report
CoStar Group 10-Q, filed Oct 28, 2026
- Filed
- CIK
- 0001057352
- Accession no.
- 0001057352-26-000083
Summary
CoStar Group's annualized net new bookings of subscription-based services fell to $37 million in the quarter ended September 30, 2026, from $84 million a year earlier, which the company attributed to economic headwinds and slower-than-expected sales-force growth in a competitive environment. CoStar said it expects commercial real estate revenue growth to moderate in 2026 versus 2025 while residential real estate growth accelerates, helped by a full year of the Domain acquisition, a partial year of Zonda, and more Homes.com agent memberships.
Key points
- Subscription-based contracts were about 89% of total revenue in the quarter ended September 30, 2026, down from 92% a year earlier.
- The trailing 12-month contract renewal rate for subscriptions with terms of at least one year was about 88%, with a cancellation rate of about 12%.
- CoStar said the U.S. Federal Reserve and the Reserve Bank of Australia raised target interest rates in 2026, keeping borrowing costs for property owners elevated and slowing real estate transaction volumes in the U.S. and Australia.
- CoStar changed its reporting segments from geography-based to product-portfolio-based (commercial and residential) in the fourth quarter of 2025.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2.Management’s Discussion Overview CoStar Group is a leading global provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, based on the numbers of unique visitors and site visits per month; providing more information, analytics, and marketing services than many of our competitors; offering the most comprehensive commercial real estate database available; and having the largest commercial real estate research department in the industry. …
An excerpt of the text as filed with the SEC, cut for length.
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