Compass Reports $2.70 Billion in Q1 2026 Revenue After Anywhere Acquisition

Earnings
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Summary · why it matters

Compass Inc. reported first-quarter 2026 revenue of $2.70 billion and Adjusted EBITDA of $61 million, its first quarterly results as a combined company following the Anywhere acquisition. GAAP net income reached $22 million, supported by disciplined operating expense control, and the company outperformed the broader US residential real estate market in both brokerage transaction volume and growth. Compass actioned over $250 million in net cost synergies within 82 days of the merger's close, leading it to raise its 2026 realized cost synergy target to $200 million and its total three-year actioned synergy target to $500 million. The company ended the quarter with $484 million in cash and a pro forma agent retention rate of 94%, while maintaining positive credit outlooks from Moody's and S&P.

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Compass reported strong Q1 revenue and EBITDA, raised synergy targets, and maintained positive credit outlooks.

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