v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The reportable segments presented represent those for which the Company maintains separate financial information regularly provided to and reviewed by its chief operating decision maker (“CODM”) for performance assessment and resource allocation. The Company's CODM is the Company's Chief Executive Officer.
Effective January 9, 2026 with the Anywhere Merger, the Company realigned its operating segments in order to realign segments according to how the CODM will now allocate resources and assess performance. Each of the operating segments conducts distinct business activities from which it earns revenues and incurs expenses: the Brokerage segment generates revenues primarily from real estate commissions earned upon transaction close; the Franchise segment generates royalties and marketing fees primarily under long-term franchise agreements, including from the brands operating within the Brokerage segment. These intercompany revenues are eliminated in consolidation and are not reflected in the financial information presented below; the Integrated Services segment generates revenues from (i) title, escrow, settlement, and related services associated with real estate transactions and (ii) relocation services (provided by Cartus) to corporate and individual clients through service-based arrangements. The Integrated Services segment also provides mortgage services through its 49% owned joint ventures, OriginPoint and Guaranteed Rate Affinity. Based on these factors, the Company has combined certain of its operating segments, which consist of businesses that provide similar services and are operated in a similar manner, and operates in three reportable segments:

•Brokerage;
•Franchise; and
•Integrated Services, which includes title and escrow, relocation services (provided by Cartus), and mortgage services (provided by OriginPoint and Guaranteed Rate Affinity).

Substantially all long-lived assets and revenue are based in the United States.

The CODM evaluates segment performance based on Segment revenue and Segment Adjusted EBITDA (as defined below) using it to guide key operating decisions, including budget allocation across the significant expense categories included in operating expenses within the consolidated statements of operations. There are no other expense categories regularly provided to the CODM that are not already included in the primary financial statements herein.

Segment Adjusted EBITDA represents net income (loss) attributable to Compass, Inc. adjusted for depreciation and amortization, investment income, interest expense, stock-based compensation expense, income taxes, and other items. For the periods presented, other items consisted of (i) restructuring charges associated with lease termination and severance costs, (ii) litigation charges in connection with the Antitrust Lawsuits, (iii) transaction and integration expenses associated with the Anywhere Merger, and (iv) other acquisition-related expenses.
Set forth in the tables below are Segment revenue and Segment Adjusted EBITDA and a reconciliation to Net income (loss) attributable to Compass, Inc. for the three and six months ended June 30, 2026 and 2025 (in millions):

Three Months Ended June 30, 2026
BrokerageFranchise
Integrated Services
Total
Segment revenue$3,960 $135 $211 $4,306 
Less (1):
Commissions and other related expenses3,254 — — 
Sales and marketing88 10 6 
Operations and support229 32 155 
Technology and development7 5 2 
General and administrative6 1 5 
Equity in income of unconsolidated entities(1)— (9)
Segment Adjusted EBITDA$377 $87 $52 $516 
Reconciliation of Segment Adjusted EBITDA to Net income attributable to Compass, Inc.:
Unallocated corporate expenses (2)
$(153)
Stock-based compensation(38)
Depreciation and amortization (153)
Restructuring costs (2)
Anywhere merger transaction and integration expenses (3)
(34)
Other acquisition-related expenses(2)
Investment income4 
Interest expense (41)
Income tax expense(5)
Net income attributable to Compass, Inc.
$92 
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Unallocated corporate expenses represent costs managed at the corporate level that are not allocated to the reporting segments. For the three months ended June 30, 2026, these costs are reflected in the following line items within the condensed consolidated statements of operations: $3 million in Operations and support, $82 million in Technology and development, and $68 million in General and administrative.
(3)Includes transaction and integration-related expenses incurred in connection with the Anywhere Merger. Refer to Note 3 — “Acquisitions” for more information.
Three Months Ended June 30, 2025
BrokerageFranchise
Integrated Services
Total
Segment revenue$2,013 $8 $39 $2,060 
Less (1):
Commissions and other related expenses1,686 — — 
Sales and marketing50 1 1 
Operations and support108 4 25 
Technology and development4 — — 
General and administrative2 — 1 
Equity in income of unconsolidated entities— — (2)
Segment Adjusted EBITDA$163 $3 $14 $180 
Reconciliation of Segment Adjusted EBITDA to Net income attributable to Compass, Inc.:
Unallocated corporate expenses (2)
$(55)
Stock-based compensation(55)
Depreciation and amortization(29)
Restructuring costs(3)
Other acquisition-related expenses3 
Investment income1 
Interest expense(3)
Net income attributable to Compass, Inc.$39 

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(2)Unallocated corporate expenses represent costs managed at the corporate level that are not allocated to the reporting segments. For the three months ended June 30, 2025, these costs are reflected in the following line items within the condensed consolidated statements of operations: $1 million in Operations and support, $34 million in Technology and development, and $20 million in General and administrative.
Six Months Ended June 30, 2026
BrokerageFranchise
Integrated Services
Total
Segment revenue
$6,427 $225 $358 $7,010 
Less (1):
Commissions and other related expenses
5,261 — — 
Sales and marketing
167 17 12 
Operations and support453 63 282 
Technology and development
15 11 4 
General and administrative9 1 8 
Equity in income of unconsolidated entities
(2)— (13)
Segment Adjusted EBITDA$524 $133 $65 $722 
Reconciliation of Segment Adjusted EBITDA to Net income attributable to Compass, Inc.:
Unallocated corporate expenses (2)
$(298)
Stock-based compensation(85)
Depreciation and amortization(316)
Restructuring costs(8)
Anywhere merger transaction and integration costs (3)
(217)
Litigation charge(7)
Other acquisition-related expenses(3)
Investment income8 
Interest expense(78)
Income tax benefit396 
Net income attributable to Compass, Inc.
$114 
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2)Unallocated corporate expenses represent costs managed at the corporate level that are not allocated to the reporting segments. For the six months ended June 30, 2026, these costs are reflected in the following line items within the condensed consolidated statements of operations: $8 million in Operations and support, $166 million in Technology and development, and $124 million in General and administrative.
(3)Includes transaction and integration-related expenses incurred in connection with the Anywhere Merger. Refer to Note 3 — “Acquisitions” for more information.
Six Months Ended June 30, 2025
BrokerageFranchise
Integrated Services
Total
Segment revenue
$3,341 $14 $61 $3,416 
Less (1):
Commissions and other related expenses
2,791 — — 
Sales and marketing
99 2 2 
Operations and support214 6 44 
Technology and development
7 1 1 
General and administrative4 — 1 
Equity in income of unconsolidated entities
— — (3)
Segment Adjusted EBITDA$226 $5 $16 $247 
Reconciliation of Segment Adjusted EBITDA to Net loss attributable to Compass, Inc.:
Unallocated corporate expenses (2)
$(106)
Stock-based compensation(86)
Depreciation and amortization(58)
Restructuring costs(12)
Other acquisition-related expenses3 
Investment income2 
Interest expense(5)
Income tax benefit3 
Net loss attributable to Compass, Inc.
$(12)
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(2)Unallocated corporate expenses represent costs managed at the corporate level that are not allocated to the reporting segments. For the six months ended June 30, 2025, these costs are reflected in the following line items within the condensed consolidated statements of operations: $1 million in Operations and support, $66 million in Technology and development, and $39 million in General and administrative.