CoStar Group, Inc. (CSGP) Income Statement
CSGP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCSGP revenue and net income
Where CSGP's revenue goes
2025Each bar shows an amount and its share of revenue. CSGP kept 0.2% of revenue as net income.
CSGP profit margins
CSGP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.7% | +14.2% | +14.4% | +16.4% |
| Gross profit | +12.2% | +11.4% | +12.6% | +16.7% |
| Operating income | −1,631.9% | — | — | — |
| Net income | −95.0% | −73.3% | −50.1% | — |
| EPS (diluted) | +19.4% | −12.2% | −2.6% | +15.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CSGP quarterly EPS vs estimates
CoStar beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.28).
CSGP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.25B | $2.74B | $2.46B | $2.18B | $1.94B | $1.66B | $1.40B | $1.19B | $965.2M | $837.6M |
| Cost of revenue | $804.0M | $558.5M | $491.5M | $414.0M | $357.2M | $309.0M | $289.2M | $269.9M | $220.4M | $173.8M |
| Gross profit | $2.44B | $2.18B | $1.96B | $1.77B | $1.59B | $1.35B | $1.11B | $921.9M | $744.8M | $663.8M |
| Research & development | $406.0M | $325.3M | $267.6M | $220.9M | $201.0M | $162.9M | $125.6M | $100.9M | $88.8M | $76.4M |
| Sales, general & admin | $2.11B | $1.80B | $1.37B | $1.02B | $878.8M | $835.5M | $587.3M | $516.5M | $464.5M | $419.8M |
| Total operating expenses | $2.52B | $2.17B | $1.68B | $1.32B | $1.15B | $1.06B | $746.9M | $648.3M | $571.0M | $518.9M |
| Operating income | −$72.0M | $4.7M | $282.3M | $451.0M | $432.3M | $289.2M | $363.5M | $273.6M | $173.8M | $144.9M |
| Interest income | $110.0M | $213.0M | $214.0M | — | — | — | $30.0M | $13.3M | $4.0M | $1.8M |
| Interest expense | $19.0M | $27.4M | $31.4M | $32.1M | $31.6M | $17.4M | $2.6M | $2.8M | $9.0M | $10.0M |
| Income before taxes | $30.0M | $210.1M | $501.3M | $486.5M | $404.0M | $271.0M | $390.9M | $284.0M | $165.1M | $136.7M |
| Income taxes | $23.0M | $71.4M | $126.6M | $117.0M | $111.4M | $43.9M | $76.0M | $45.7M | $42.4M | $51.6M |
| Net income | $7.0M | $138.7M | $374.7M | $369.5M | $292.6M | $227.1M | $315.0M | $238.3M | $122.7M | $85.1M |
| EBITDA | $293.0M | $384.4M | $640.2M | $624.4M | $575.1M | $406.1M | $444.7M | $351.3M | $237.7M | $216.8M |
| EPS (diluted) | $0.86 | $0.72 | $1.23 | $1.27 | $1.14 | $0.98 | $1.01 | $0.84 | $0.47 | $0.43 |
| Gross margin | 75.2% | 79.6% | 80.0% | 81.0% | 81.6% | 81.4% | 79.3% | 77.4% | 77.2% | 79.2% |
| Operating margin | −2.2% | 0.2% | 11.5% | 20.7% | 22.2% | 17.4% | 26.0% | 23.0% | 18.0% | 17.3% |
| Net margin | 0.2% | 5.1% | 15.3% | 16.9% | 15.1% | 13.7% | 22.5% | 20.0% | 12.7% | 10.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $925.0M | $897.0M | $900.0M | $833.6M | $781.3M | $732.2M | $709.4M | $692.6M | $677.8M | $656.4M | $640.1M | $624.7M |
| Cost of revenue | $233.0M | $196.0M | $235.0M | $172.2M | $167.8M | $153.3M | $140.9M | $140.6M | $135.8M | $141.2M | $136.3M | $123.7M |
| Gross profit | $692.0M | $701.0M | $665.0M | $661.4M | $613.5M | $578.9M | $568.5M | $552.0M | $542.0M | $515.2M | $503.8M | $501.0M |
| Research & development | $107.0M | $114.0M | $109.0M | $105.4M | $97.1M | $94.5M | $82.3M | $81.0M | $79.6M | $82.4M | $69.8M | $67.9M |
| Sales, general & admin | $509.0M | $547.0M | $507.0M | $575.3M | $517.1M | $510.0M | $433.4M | $437.0M | $468.3M | $464.6M | $353.8M | $361.3M |
| Total operating expenses | $616.0M | $698.0M | $616.0M | $712.5M | $640.7M | $621.7M | $528.5M | $528.3M | $558.1M | $558.0M | $434.4M | $439.4M |
| Operating income | $76.0M | $3.0M | $49.5M | −$51.1M | −$27.2M | −$42.8M | $40.0M | $23.7M | −$16.1M | −$42.8M | $69.3M | $61.6M |
| Interest income | — | $10.0M | $13.0M | $26.0M | $32.5M | $38.0M | — | $55.6M | $53.5M | — | — | $58.4M |
| Interest expense | $2.0M | $4.0M | $3.9M | $4.4M | $5.0M | $5.7M | $6.4M | $6.3M | $7.4M | $7.3M | $7.5M | $7.2M |
| Income before taxes | $74.0M | $12.0M | $61.0M | −$45.8M | $21.6M | −$6.7M | $85.0M | $77.7M | $35.9M | $11.5M | $132.7M | $120.5M |
| Income taxes | $19.0M | $9.0M | $14.0M | −$14.9M | $15.4M | $8.1M | $25.2M | $24.7M | $16.7M | $4.8M | $36.3M | $29.9M |
| Net income | $55.0M | $3.0M | $47.0M | −$30.9M | $6.2M | −$14.8M | $59.8M | $53.0M | $19.2M | $6.7M | $96.5M | $90.6M |
| EBITDA | $161.0M | $86.0M | $145.9M | $23.2M | $92.1M | $46.3M | $130.7M | $119.5M | $82.1M | $52.1M | $168.9M | $154.8M |
| EPS (diluted) | $0.25 | $0.23 | $0.31 | $0.23 | $0.17 | $0.15 | $0.25 | $0.22 | $0.15 | $0.10 | $0.33 | $0.30 |
| Gross margin | 74.8% | 78.1% | 73.9% | 79.3% | 78.5% | 79.1% | 80.1% | 79.7% | 80.0% | 78.5% | 78.7% | 80.2% |
| Operating margin | 8.2% | 0.3% | 5.5% | −6.1% | −3.5% | −5.8% | 5.6% | 3.4% | −2.4% | −6.5% | 10.8% | 9.9% |
| Net margin | 5.9% | 0.3% | 5.2% | −3.7% | 0.8% | −2.0% | 8.4% | 7.7% | 2.8% | 1.0% | 15.1% | 14.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CSGP's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CSGP financial results
In fiscal year 2025 (ended December 31, 2025), CoStar reported revenue of $3.2 billion, up 18.7% from the year before. It had net income of $7.0 million (down 95.0%), a net profit margin of 0.2%. Diluted earnings per share came to $0.86. Over five years revenue grew at an average rate of 14.4% a year.
See the CSGP stock overview for the latest quote and news, or the CSGP chart for price history and technical indicators.
CSGP income statement FAQ
What is CoStar's annual revenue?
CoStar reported total revenue of $3.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 18.7% from $2.7 billion the previous year.
Is CoStar profitable?
Yes. CoStar reported net income of $7.0 million in fiscal 2025, a net profit margin of 0.2%; its operating margin was −2.2%.
What is CoStar's gross margin?
CoStar's gross margin was 75.2% in fiscal 2025: for every $100 of revenue, CoStar kept $75 after the direct cost of its products and services.
How much does CoStar spend on research and development?
CoStar spent $406.0 million on research and development in fiscal 2025, 12.5% of revenue.
How fast is CoStar growing?
Revenue grew 14.4% a year on average over the last five fiscal years, from $1.7 billion to $3.2 billion.
What are CoStar's earnings per share?
CoStar earned $0.86 per diluted share in fiscal 2025, compared with $0.72 a year earlier.
When will CoStar report its next earnings?
CoStar is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does CoStar's fiscal year end?
CoStar's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.