Compass Inc. announced robust financial and operational results for the first quarter of 2026, marking its inaugural quarter as a combined entity following the Anywhere transaction on January 9, 2026. The company reported revenue of $2.70 billion and Adjusted EBITDA of $61 million, exceeding guidance mid-points and high-ends respectively. This performance was attributed to disciplined OPEX control and healthy revenue growth, as highlighted by CEO Robert Reffkin and CFO Scott Wahlers.
The company's focus on integration and cost synergies was a key driver of its success. Compass achieved over $250 million in net cost synergies by April 1st, just 82 days post-acquisition. This achievement prompted an increase in the total actioned cost synergy target from $400 million to $500 million over the next three years, with approximately $420 million expected to impact the P&L. Furthermore, the Year 1 target for actioned cost synergies was raised from $250 million to $300 million.
Operational metrics also showed strong growth, with Brokerage Gross Transaction Value (GTV) reaching $97.3 billion in Q1 2026, an 85.7% year-over-year increase. Pro forma Brokerage GTV was up 7.3% year-over-year, outperforming the general market's 1.5% increase. Compass also reported a pro forma revenue increase of 7% year-over-year to $2.76 billion. The company ended the quarter with a solid cash balance of $484 million, underscoring its liquidity and commitment to de-leveraging its balance sheet.
