Compass’ Post

During a time when the rest of the industry is down across the board, Compass outperforms the market, and expectations, with historic growth throughout every statistic. I can't wait to see the success when the market is actually on our side if this is the success during a challenging few years! #Growth #CompassRealEstate Thanks Desmond Garcia for sharing

Compass reported its fourth quarter and full-year 2023 earnings results today. Navigating a challenging real estate market, last year our agents delivered an impressive $186.1B in sales volume and over 178,000 transactions, generating $4.9B in revenue. We grew quarterly market share both year-over-year and quarter-over-quarter in Q4 2023 and extended our streak of strong agent retention, achieving 97% principal agent retention in the fourth quarter. These strong results are all due to the passion, hard work and resilience of our incredible agents and employees. We are confident in our position as 2024 unfolds and look forward to considerable upside when the housing market recovers. View the full summary of our results here: https://bit.ly/42X64i3

Compass reported its second quarter 2024 earnings results today. Continuing to outperform the broader residential real estate market, our agents delivered $65 billion in sales volume and completed 60,390 transactions, generating $1.7 billion in revenue for the quarter, a 14% increase year-over-year. Compass also achieved an all-time high for net income of $20.7 million, while increasing quarterly market share to 5.13%. These strong results are thanks to the undeniable momentum that our agents and employees have built – demonstrated by 4 of the last 5 quarters of our company being free cash flow positive.

Compass reported its fourth quarter and full-year 2023 earnings results today. Navigating a challenging real estate market, last year our agents delivered an impressive $186.1B in sales volume and over 178,000 transactions, generating $4.9B in revenue. We grew quarterly market share both year-over-year and quarter-over-quarter in Q4 2023 and extended our streak of strong agent retention, achieving 97% principal agent retention in the fourth quarter. These strong results are all due to the passion, hard work and resilience of our incredible agents and employees. We are confident in our position as 2024 unfolds and look forward to considerable upside when the housing market recovers. View the full summary of our results here: https://bit.ly/42X64i3

Compass reported its second quarter 2024 earnings results today. Continuing to outperform the broader residential real estate market, our agents delivered $65 billion in sales volume and completed 60,390 transactions, generating $1.7 billion in revenue for the quarter, a 14% increase year-over-year. Compass also achieved an all-time high for net income of $20.7 million, while increasing quarterly market share to 5.13%. These strong results are thanks to the undeniable momentum that our agents and employees have built – demonstrated by 4 of the last 5 quarters of our company being free cash flow positive.

The future of real estate is changing…as always!

🌟 Huge congratulations to @Compass for their incredible achievements in 2023! Navigating through the toughest real estate markets, they've shown resilience and innovation, all while expanding their tech platform and agent network. Here's to more growth and success in 2024! 🚀💼 #CompassRealEstate #Innovation #RealEstateGrowth #TechForward #AgentSuccess #MarketLeaders #NewYorkRealEstate #RealEstateExcellence

Compass 3Q results: ➡️ #1 brokerage in the United States by transaction volume. ➡️ Transactions: Compass closed 48,134 Transactions, a decline of 12% vs the entire U.S. residential real estate market decline of 20%. ➡️ Gross Transaction Value decline of 11%, while national market was down 16.5%. ➡️ Almost 22 transactions PER HOUR, 24 hours per day, 7 days a week, 365 days per year!

Can’t begin to explain how grateful I am to be a part of the Compass Team. They truly have given me the ability through great resources & excellent technology to properly take care of my clients & help make a huge decision in one’s life much easier. Buying or selling a home is one of the most important decisions in life, & being part of a group with the same mindset & supports that level of importance is huge. If you’re wondering how you can still fulfill your goals of buying your next home or selling your current one in a market like today’s, give me a call! - #compasschicago #realestateeducation #realestateexperts #compassillinois #compassrealestate

There are a number of ways for a business to define success for sure, but nothing speaks more directly to the commitment and focus within an organization than double digit growth in sales volume, gross revenue and transaction count not to mention increased market share and an all-time high for net income. It’s great to be associated with an organization filled with so many high achieving professionals.