What Compass does

Compass Inc. (NYSE: COMP) is a publicly traded residential real estate brokerage founded in 2012 by Robert Reffkin and headquartered in New York. Following its January 2021 IPO and the January 2026 $1.6 billion acquisition of Anywhere Real Estate (which added approximately $2.6 billion in assumed debt), Compass now operates the world's largest combined residential real estate ecosystem with approximately 340,000 agents across 120 countries under nine brands, including Compass, Corcoran, Century 21, Coldwell Banker, Sotheby's International Realty, and @properties. The combined company reported $7 billion in full-year 2025 revenue and $262.2 billion in 2025 U.S. residential sales volume, making it the leading U.S. brokerage by transaction value.

The core product is the Compass Brokerage platform, a full-service residential buying, selling, and listing service delivered through the agent network. Differentiated technical features include the Private Listing Network, which lets sellers market properties as Coming Soon before broad MLS exposure or as Private Exclusive listings within the 340,000-agent Compass network, and a February 2026 three-year syndication partnership with Rocket Companies and Redfin that surfaces these listings to Redfin's approximately 60 million monthly users. A new Listing Agent Lead and Referral Program enables listing agents to refer buyer inquiries to other Compass agents for a 10% referral fee if the transaction closes within 24 months.

The business model is transaction-fee based, deriving revenue from traditional real estate brokerage commissions on residential property transactions, supplemented by the referral-fee program and integrated Rocket Mortgage financing. Q4 2025 revenue was $1.7 billion, up 23% year-over-year, with Q1 2026 guidance of $2.55–$2.75 billion. Post-merger, management is targeting $250 million in first-year and $400 million in three-year cost synergies, with layoffs already implemented across the combined organization. The company faces active regulatory and legal headwinds, including DOJ antitrust scrutiny from Senator Elizabeth Warren over the Anywhere deal, an antitrust suit against Zillow (with Compass's preliminary injunction denied), and ongoing disputes with NWMLS.

Name

Compass

Legal name

Compass Inc.

Website

https://compassben.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Compass Inc. (NYSE: COMP) is a publicly traded U.S. residential real estate brokerage operating approximately 340,000 agents across 120 countries under brands including Compass, Sotheby's International Realty, Coldwell Banker, Century 21, Corcoran, and @properties, generating $7 billion in 2025 revenue through brokerage commissions, a Private Listing Network, and a Redfin/Rocket distribution partnership.

Ownership category

akta.pro rank

Headquarters

HQ city

Meridian

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Commission: Traditional real estate brokerage commissions from residential property transactions, with full-year revenue of $7 billion in 2025 and Q4 revenue of $1.7 billion
2. Lead Referral Program: Listing Agent Lead and Referral Program allowing listing agents to refer buyer leads to other Compass agents and earn 10% referral fee if transaction closes within 24 months

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Compass Inc. (NYSE: COMP) is a residential real estate brokerage that operates through approximately 340,000 agents across 120 countries under nine brands including Compass, Corcoran, Century 21, Coldwell Banker, Sotheby's International Realty, and @properties. The company provides buying, selling, and listing services, supported by a proprietary Private Listing Network that enables Coming Soon and Private Exclusive listings ahead of broad MLS exposure. Following its January 2026 merger with Anywhere Real Estate, Compass generated $7 billion in full-year 2025 revenue and operates the largest combined residential real estate brokerage platform in the United States.

Product overview

Compass International Holdings operates a platform-plus-module architecture consisting of the core Compass Brokerage platform (the primary residential real estate brokerage), supplemented by a Private Listing Network with two listing options: Coming Soon listings (off-market pre-MLS exposure) and Private Exclusive listings (network-only visibility). The product suite also includes a Listing Agent Lead and Referral Program enabling agents to monetize buyer leads. Following the January 2026 merger with Anywhere Real Estate, Compass expanded to include acquired brands including Corcoran, Century 21, Coldwell Banker, Sotheby's International Realty, and @properties under a unified platform serving approximately 340,000 agents across 120 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Compass Brokerage Full-service residential real estate brokerage offering buying, selling, and listing services through a network of over 340,000 agents following the January 2026 merger with Anywhere Real Estate.
• Coming Soon Listings Off-market listing offering that allows sellers to market properties to a select audience before broad MLS exposure, as part of a phased marketing strategy.
• Private Exclusive Listings Properties marketed exclusively within Compass's 340,000+ agent network without public exposure, enabling sellers to control listing visibility, timing, and price history.
• Listing Agent Lead and Referral Program In-house lead referral program enabling listing agents to refer buyer inquiries from their listings to other Compass agents and earn a 10% referral fee if the transaction closes within 24 months.
• Corcoran Luxury residential real estate brokerage brand operating under Compass International Holdings following the Anywhere Real Estate acquisition.
• Century 21 Global residential real estate franchise brand operating under Compass International Holdings following the Anywhere Real Estate acquisition.
• Coldwell Banker Established residential real estate brokerage brand operating under Compass International Holdings following the Anywhere Real Estate acquisition.
• Sotheby's International Realty Luxury residential real estate brand operating under Compass International Holdings following the Anywhere Real Estate acquisition.
• @properties Chicago-based residential real estate brokerage brand acquired by Compass and operating under Compass International Holdings.

Named customers8 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Rogers Healy & AssociatescoreStrategic or Co-development Partner · 27 February 2026Dallas-based Rogers Healy & Associates, Texas' largest independent real estate brokerage with approximately $1 billion in sales transactions in 2024, merged with Compass bringing 400 North Texas agents.
• Rocket Companies (Redfin Parent)coreStrategic or Co-development Partner · 26 February 2026Three-year partnership enabling Compass to syndicate Coming Soon and Private Exclusive listings on Redfin's platform of approximately 60 million monthly users. Rocket Mortgage offers Compass clients preferred pricing including 1 percentage point interest rate reduction for first year or lender credit up to $6,000.
• Anywhere Real EstateflagshipStrategic or Co-development Partner · 9 January 2026Compass completed $1.6 billion acquisition of Anywhere Real Estate (including $2.6 billion of Anywhere's debt), creating world's largest combined real estate ecosystem with 340,000 agents in 120 countries across nine brands.
• Joe Janus (Individual Agent)minorChannel Partner/ Reseller/ DistributorTop-performing Compass agent in Central Phoenix with roughly 20 years experience, serving historic and luxury home market with transactions from $180K to $1.7M.
• Jills Zeder Group (Coldwell Banker)coreChannel Partner/ Reseller/ DistributorNamed top real estate team nationally for seventh consecutive year with $1.9 billion in sales, now Compass flagship team in South Florida.
• RedfincoreGTM or Marketing PartnerExpanded partnership for syndication of Coming Soon listings, enabling Compass agents to access Redfin's platform and buyer traffic.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Aon: Global professional services firm with major health and benefits brokerage and consulting practice serving employers. Comparable in benefits advisory scope but with dramatically broader capabilities and global footprint.
• Marsh McLennan: Global professional services firm combining Marsh (insurance brokerage), Mercer (health/wealth/career), and Oliver Wyman (consulting). Vastly larger than Compass Benefit Advisors but operates in the same employer benefits advisory category.
• USI Insurance Services: Mid-market-focused insurance brokerage with significant employee benefits consulting capabilities. Closely comparable to Compass Benefit Advisors in target market (mid-market employers) and benefits advisory focus.
• Arthur J. Gallagher & Co. International insurance brokerage with substantial employee benefits brokerage operations serving mid-market and large employers. Comparable benefits advisory focus with broader scale, geographic reach, and product breadth.
• Brown & Brown, Inc. National insurance brokerage offering employee benefits solutions alongside property/casualty and personal lines. Comparable as a benefits broker serving regional and mid-market employers similar to Compass Benefit Advisors' client base.
• Lockton: Largest independent insurance brokerage in the U.S. with a substantial employee benefits practice. Comparable benefits advisory focus though at significantly larger scale and with broader specialty capabilities.
• Hub International: North American insurance brokerage with a strong benefits advisory practice serving mid-market employers. Comparable in scale and target market to Compass Benefit Advisors as a regional benefits broker.
• Mercer: Global consulting leader in health, wealth, and career advisory, providing benefits strategy, brokerage, and actuarial services to employers of all sizes. Overlaps with Compass Benefit Advisors' benefits advisory focus at vastly larger scale.
• Willis Towers Watson (WTW): Global advisory firm offering employee benefits brokerage, actuarial consulting, and benefits administration. Direct competitor in the employer benefits advisory market at significantly larger scale.

Direct peers

• OneDigital: National strategic advisory firm in health, retirement/wealth, and HR solutions that acquired Compass Benefit Advisors in 2021. Most directly comparable as the firm's parent organization and platform of similar employer benefits advisory services at much larger scale.

Market position

Strengths4 records

Weaknesses3 records

Competitive moat5 records

Key risks4 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Compass