Compass, Inc. (NYSE: COMP)

Compass, Inc. is a global real estate services company that operates owned brokerage businesses and franchise networks under multiple well known brands. Following its acquisition of Anywhere Real Estate Inc in January 2026 the company offers brokerage services through the Compass Coldwell Banker Corcoran Sotheby’s International Realty and @properties brands and franchises under the Better Homes and Gardens Real Estate Century 21 Christie’s International Real Estate Coldwell Banker Coldwell Banker Commercial Corcoran ERA and Sotheby’s International Realty brands. In addition to brokerage the firm provides integrated services such as title escrow settlement mortgage joint ventures relocation programs and technology platforms that support real estate professionals. The company is headquartered in New York City and serves agents and clients across the United States and in more than 120 countries and territories.

Compass, Inc. generates revenue primarily from three sources. In its owned brokerage business the company receives a share of the gross sales commissions earned by independent contractor agents who associate their licenses with the Compass platform and may also collect flat transaction fees. In its franchise business the firm collects royalties based on a percentage of franchisees gross sales commissions together with marketing and technology fees. Integrated services contribute revenue through title and escrow settlement fees mortgage joint venture income relocation service commissions and fees from the real estate benefit program and Compass Concierge. In 2025 the majority of earnings came from the owned brokerage and integrated services while the franchise segment represented a smaller portion of total revenue.

The company operates through the following segments.

• Owned Brokerage: This segment includes the company’s directly operated brokerage offices that operate under the Compass Coldwell Banker Corcoran Sotheby’s International Realty and @properties brands. Real estate professionals in this segment are independent contractors who pay the company a portion of their gross sales commissions and may also incur flat transaction fees. The segment provides technology tools such as the Compass platform to support agents in managing client relationships marketing listings and transaction coordination.

• Franchise: This segment comprises the company’s franchise network that operates under the Better Homes and Gardens Real Estate Century 21 Christie’s International Real Estate Coldwell Banker Coldwell Banker Commercial Corcoran ERA and Sotheby’s International Realty brands. Franchisees pay royalties based on a percentage of their gross sales commissions and may also pay marketing and technology fees. The company provides brand support training and access to certain technology platforms while franchisees retain operational control of their brokerage businesses.

• Integrated Services: This segment encompasses title escrow and settlement services mortgage joint ventures relocation programs and other ancillary offerings such as the real estate benefit program and Compass Concierge. Revenue is generated from fees for title searches escrow closings mortgage origination relocation commissions and lead generation activities. These services are designed to complement the brokerage and franchise businesses by providing a more seamless experience for home buyers sellers and refinancers.

Compass, Inc. holds a notable position in the highly fragmented residential real estate services industry. The company competes with traditional brokerage firms internet based brokerages and providers of technology tools for agents. Its competitive advantages stem from the strength and quality of its brokerage operations its ability to retain high producing real estate professionals and franchisees and its differentiated technology suite that integrates customer relationship management marketing and transaction management tools. The firm’s scale across more than 120 countries and its portfolio of iconic brands such as Compass Christie’s International Real Estate Coldwell Banker and Sotheby’s International Realty further enhance its market presence and help differentiate it from rivals.

The company serves a diverse customer base that includes independent real estate professionals who affiliate with its owned brokerage or franchise networks. It also works with franchisees who operate under its various brands and with consumers seeking to buy sell or refinance homes. Additionally the company provides services to corporate clients needing relocation assistance and to lenders and investors who utilize its mortgage joint ventures and title escrow offerings. While specific customer names are not disclosed the client base spans individual home buyers sellers renters and corporate relocation departments across the United States and international markets.