What is Compass's brokerage — operations and support?

Compass (COMP) reported brokerage — operations and support of $224M in Q1 2026.

What does brokerage — operations and support mean?

These expenses cover the costs of managing brokerage offices, providing administrative support to agents, and maintaining local operational infrastructure. It reflects the overhead required to sustain the physical and human support network for the brokerage business. This is a key component of the segment's operating leverage.

Compass COMP Brokerage — Operations and support

Other segment segments

Integrated Services

$127M+568%

Franchise

$31M+1,450%

Similar metrics at other companies

AJGBrokerage — Operating

$3.07B+38.5%

FRHCBrokerage — Total Costs & Expenses

$100.11M+23.3%

FRHCBrokerage — Interest Expense

$9.04M-41.6%

FRHCBrokerage — Cost of Sales

$0—

AJGBrokerage — Compensation

$2.21B+36.7%

FRHCBrokerage — Agency fee expense

$14K—

Other financials

Income statement

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Revenue$2.7B+99.4%

Operating income-$351.0M-550%

Net income$22.0M+143%

EPS (diluted)$0.03+133%

Balance sheet

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Cash & equivalents$484.0M+281%

Total debt$3.9B+715%

Total equity$2.8B+344%

Total assets$8.1B+426%

Cash flow

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Operating cash flow-$157.0M-783%

CapEx$11.0M+175%

Free cash flow-$168.0M-984%

Valuation

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Market cap$7.48B+20.1%

Enterprise value$10.92B+81.9%

P/E526.7×—

P/S0.9×-0.2×

Profitability

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Operating margin-4.3%-7.5pp

Net margin0.2%+0.1pp

FCF margin0.2%-1.8pp

Returns & leverage

See full

Return on equity0.8%+0.4pp

Debt / equity1.4×+0.6×

Current ratio0.8×+0.3×

Where this comes from

Reported directly by Compass in its filing.

Tagged under the XBRL concept us-gaap:OtherCostAndExpenseOperating.

The official record: Compass’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Compass's brokerage — operations and support?: Compass (COMP) reported brokerage — operations and support of $224M in Q1 2026.
What does brokerage — operations and support mean?: These expenses cover the costs of managing brokerage offices, providing administrative support to agents, and maintaining local operational infrastructure. It reflects the overhead required to sustain the physical and human support network for the brokerage business. This is a key component of the segment's operating leverage.