Key facts
- Compass International Holdings' Q2 2026 revenue reached $4.3 billion, more than double the $2.06 billion from Q2 2025.
- Net income for Q2 2026 was $92 million, up from $39 million in the prior year.
- The company generated $180 million in positive free cash flow in the second quarter.
- Gross transaction value for the owned brokerage increased by 98.2% to $155.2 billion.
- Closed transactions in the owned brokerage operation saw a 109.5% year-over-year increase.
- The Anywhere acquisition contributed significantly to revenue, transaction volume, and ancillary operations.
Compass International Holdings has reported record revenue of $4.3 billion for the second quarter of 2026, a substantial increase from $2.06 billion in the same period last year. This growth is largely attributed to the company's acquisition of Anywhere Real Estate, which closed in early January of this year. Even on a pro forma basis, assuming the merger occurred a year prior, revenue still saw a 14.3% annual increase.
Beyond revenue, Compass International Holdings posted a net income of $92 million, a significant jump from $39 million a year ago. The company also achieved a positive free cash flow of $180 million during the quarter. Chief Financial Officer Scott Wahlers highlighted the company's commitment to deleveraging its balance sheet, supported by strong cash flow generation and $694 million in cash on hand, with plans to redeem $500 million in notes in Q2 2027.
The acquisition of Anywhere Real Estate also boosted Compass's transaction volume. Owned brokerage gross transaction value surged by 98.2% to $155.2 billion, and closed transactions increased by 109.5% to 153,009. On a pro forma basis, these figures still showed annual growth of 15.9% and 7.4%, respectively, outperforming the broader U.S. housing market's 6% GTV and 3.5% transaction count increases.
CEO Robert Reffkin noted that Compass's brokerage has outperformed the market organically for 21 consecutive quarters, a trend now extended to include Anywhere. A slight decrease in agent count from Q1 to Q2 2026 was attributed to a strategy to separate less productive agents within an acquired brand, while maintaining an overall agent retention rate of 95.5%.
The company's franchise network reported 203,207 transactions totaling $120.0 billion, though the net royalty rate per side decreased due to the inclusion of newly acquired brands with lower average sales prices. Compass's ancillary title and escrow operations experienced a 441% annual increase in transactions, primarily due to the Anywhere acquisition.
Updates on partnerships and integration were also provided. The collaboration with Redfin has generated over 60,000 leads for Compass agents and provided Redfin with more than 20,000 coming soon listings. Visitor sessions on Compass.com in Chicago increased by 111%. The rollout of Compass's Home Platform to non-Compass owned brokerages is progressing, with plans to have approximately 50,000 agents on the platform by the end of September, and an expected total of 80,000 nationwide. The integration with Anywhere is reportedly going well, with the company having already met its first-year goal of $300 million in net cost synergies and remaining on track to achieve its three-year target of $500 million.