CoStar GroupCSGPEarnings & Financial Report
CoStar Group, Inc. is an American provider of information, analytics, and marketing services to the commercial property industry in North America and Europe. Founded in 1987 by Andrew C. Florance and based in Arlington, Virginia, the company operates the CoStar online database and news website and several online marketplaces, including Apartments.com and Homes.com.
Revenue
$677.8M
Gross Profit
$542.0M
Operating Profit
$-16.1M
Net Profit
$19.2M
Gross Margin
80.0%
Operating Margin
-2.4%
Net Margin
2.8%
YoY Growth
11.9%
EPS
$0.05
CoStar Group Q2 FY2024 Financial Summary
CoStar Group reported revenue of $677.8M (up 11.9% YoY) for Q2 FY2024, with a net profit of $19.2M (down 80.9% YoY) (2.8% margin). Cost of goods sold was $135.8M, operating expenses totaled $558.1M.
Key Financial Metrics
| Total Revenue | $677.8M |
|---|---|
| Net Profit | $19.2M |
| Gross Margin | 80.0% |
| Operating Margin | -2.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
CoStar Group Q2 FY2024 revenue of $677.8M breaks down across 7 segments, led by Multifamily Product And Service at $264.2M (39.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Multifamily Product And Service | $264.2M | 39.0% |
| Co Star | $237.1M | 35.0% |
| Loop Net | $67.2M | 9.9% |
| Other | $34.0M | 5.0% |
| Other Marketplaces | $31.2M | 4.6% |
| Information Services | $27.9M | 4.1% |
| Residential | $16.2M | 2.4% |
CoStar Group Revenue by Segment — Quarterly Trend
CoStar Group revenue by segment across the last 4 reported quarters, showing how each business line (such as Multifamily Product And Service and Co Star) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Co Star | $503.8M | $256.0M | $251.6M | $247.6M |
| Loop Net | $94.7M | $74.7M | $72.6M | $70.0M |
| Other | $283.0M | $64.5M | $37.3M | $18.9M |
CoStar Group Annual Revenue by Year
CoStar Group annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.2B |
| 2024 | $2.7B |
| 2023 | $2.5B |
| 2022 | $2.2B |
CoStar Group Quarterly Revenue & Net Profit History
CoStar Group results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $899.9M | +26.9% | $46.5M | 5.2% |
| Q3 FY2025 | $833.6M | +20.4% | $-30.9M | -3.7% |
| Q2 FY2025 | $781.3M | +15.3% | $6.2M | 0.8% |
| Q1 FY2025 | $732.2M | +11.5% | $-14.8M | -2.0% |
| Q4 FY2024 | $709.4M | +10.8% | $59.8M | 8.4% |
| Q3 FY2024 | $692.6M | +10.9% | $53.0M | 7.7% |
| Q2 FY2024 | $677.8M | +11.9% | $19.2M | 2.8% |
| Q1 FY2024 | $656.4M | +12.3% | $6.7M | 1.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $656.4M | $677.8M | $692.6M | $709.4M | $732.2M | $781.3M | $833.6M | $899.9M |
| YoY Growth | 12.3% | 11.9% | 10.9% | 10.8% | 11.5% | 15.3% | 20.4% | 26.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $9.03B | $9.07B | $9.14B | $9.26B | $10.43B | $10.51B | $10.82B | $10.54B |
| Liabilities | $1.69B | $1.67B | $1.65B | $1.70B | $1.87B | $1.91B | $2.20B | $2.17B |
| Equity | $7.34B | $7.40B | $7.49B | $7.55B | $8.56B | $8.60B | $8.62B | $8.33B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $139.6M | $58.1M | $100.3M | $94.6M | $53.2M | $146.5M | $68.2M | $162.1M |