Compass, Inc.

Compass, Inc. is a U.S.-based real estate services company built around an agent-centric brokerage model and a proprietary technology platform. It operates the Compass brand for owned brokerage activity and, after the Anywhere merger and Christie’s International Real Estate acquisition, also runs a multi-brand franchise and licensing portfolio with a growing international footprint.

0,7 %

−0,8 %

+23,7 %

0.86

0.86

— Compass, Inc.
%
Owned brokerage services80% Residential brokerage services delivered through Compass-affiliated agents in U.S. markets.
Franchise and brand licensing10% Franchise fees and brand-related services tied to Christie’s International Real Estate and other acquired brands.
Integrated services7% Title, escrow, mortgage and related transaction services sold alongside brokerage activity.
Technology offerings3% Software and workflow tools used by agents and clients, including Compass platform and Compass One.

Compass primarily serves independent real estate professionals who join its platform to win listings, manage...

  • Owned-brokerage agentsprimary

    Compass-affiliated agents who use the Compass platform to manage client relationships, marketing and transactions.

  • Homebuyers and home sellersprimary

    Consumers transacting through Compass agents and using Compass One and related services.

  • Franchise brokerages and affiliatessecondary

    Independently owned brokerages that license Christie’s International Real Estate and related brands.

  • Luxury real estate professionalssecondary

    Agents and brokerages focused on premium properties that value global brand reach and cross-border referral flow.

Compass is headquartered in New York City and operates a large U.S. brokerage footprint across 39 states and...

  • •Headquartered in New York City
  • •Owned brokerage operates across 39 states and Washington, DC
  • •Presence in every major U.S. city through Compass brand
  • •Franchise network spans over 50 countries and territories
  • •Overall footprint reaches about 120 countries and territories

Compass is focused on attracting and retaining high-performing agents, because agent productivity directly drives...

01
Agent recruitment and retentionshort-term

Revenue depends on attracting productive agents and keeping them on the platform.

02
Platform-led productivity gainsmedium-term

Better workflows and AI tools help agents close more transactions and deepen loyalty.

03
Expand integrated servicesmedium-term

Title, escrow and mortgage can increase revenue per transaction and improve stickiness.

04
Build global brand and franchise scalelong-term

Franchise and licensing create a less capital-intensive growth path outside the U.S.

Compass is highly exposed to the health of the U.S. residential real estate market, so slower home sales, seasonality...

high

U.S. residential real estate downturn

Most revenue comes from commissions tied to home sales, which fall in weak housing markets.

Scope
Transaction volume and commission revenue
Materiality
high
high

Agent attrition or lower productivity

The model depends on attracting and retaining productive agents who generate transactions.

Scope
Owned-brokerage revenue and market share
Materiality
high
medium

Merger and acquisition integration risk

The Anywhere merger and Christie’s acquisition add systems, brands and operating complexity.

Scope
Cost synergies, technology integration, retention
Materiality
high
medium

Macro and policy-driven housing demand weakness

Tariffs, inflation, rates and recession risk can cause buyers to delay purchases.

Scope
Homebuyer demand and transaction timing
Materiality
medium
Revenue recognition on commissions and transaction fees
Quarterly comparability and reported growth rates
Business combinations and fair value estimates
Goodwill, intangibles and future impairment risk
Goodwill and intangible asset impairment
Potential non-cash charges if integration or market conditions weaken
Stock-based compensation
Reported margins and non-GAAP adjustments

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: 28/04/2026