Compass, Inc. Revenue and Transaction Statistics (2024)

Compass Inc Statistics

Compass is a full-service real estate brokerage incorporated in 2012 under the name Urban Compass. The company later shortened its name and went public in 2021.

Compass’ integrated software platform is a CRM built specifically for real estate providing end-to-end workflows that help its agents attract and retain clients, list and market homes more effectively, and locate desirable properties at attractive prices for buyers.

Part of RubyHome's in-depth exploration of real estate statistics, here’s an overview of what you’ll find on this page as we analyze Compass’ business activities:

Key Compass Stats

  • In 2023, Compass agents represented buyers or sellers in 178,848 transactions totaling over $186 billion in gross volume, making it one of the largest real estate companies in the U.S.

Compass closes 179K sides a year

  • Compass had a 4.5% share of the total U.S. real estate market by transactions in 2023.
  • Compass generated roughly $4.9 billion in revenue in 2023 but is not currently profitable.
  • Compass had an average of 13,973 Principal Agents (defined below) in 2023.

How Many Transactions Does Compass Do?

Since the company started, Compass agents represented buyers or sellers in over 700,000 transactions.

The company reports transaction in its annual reports by year, represented in this chart.

Compass Transaction Sides

Here is a table showing the number of deals closed by Compass agents since 2019:

YearTotal Transactions
2019 87,158
2020 144,748
2021 225,272
2022 211,538
2023 178,848

The company claims that it is the largest independent real estate brokerage by gross transaction volume, the combined dollar amount of properties closed by its agents.

Gross transaction volume in 2023 was $186 billion, a 24% decrease from 2022.

Compass Gross Transaction Volume

Here is Compass’ gross transaction volume broken down by year:

YearGross Transaction Volume
2019 $98 million
2020 $152 million
2021 $254 million
2022 $230 million
2023 $186 million

How Many People Visit Compass.com?

Compass’ website receives an average of 1.4M organic visitors per month. The site ranks 8th among the most-visited residential real estate websites.

Compass.com Organic Visitors Per Month

Here is a table with Compass.com's average monthly organic visits:

YearMonthly Organic Visits
2017 105,000
2018 152,000
2019 250,000
2020 550,000
2021 952,000
2022 1,504,000
2023 1,400,000

The company’s early growth strategy was one of acquiring traditional brokerages. In traditional brokerages, agents are responsible for marketing and sourcing deals, not the company.

Compass’ traffic improvements are notable as it might be able to capitalize on lead generation for its agents in the same way Redfin does.

Compass Key Financials

Compass generates nearly all its revenue from agent commissions earned by helping customers buy and sell homes. The company states it makes a small amount of revenue from ancillary real estate services like title and escrow. It plans to expand its revenue from services and add new ones.

Here is a look at Compass's revenue and bottom line in recent years.

Compass Inc Revenue and Net Losses

Compass, Inc. is not yet profitable. In 2023 the company reported a net loss of $320 million, resulting in a negative net margin of (6.5%). The company had a negative net margin of (10%) in 2022.

Compass Market Share

In 2023 Compass had a 4.5% share of the total U.S. real estate market by number of transactions, down from 4.6% in 2022.

Compass Market Share 4.5%

How Many People Work at Compass?

Compass last reported on its number of employees in 2021, when it had 4,775 employees. On June 14, 2022, Compass laid off 10% of its employee (non-agent) workforce.

Compass currently has over 29,000 agents, a respectable number given that there are 1.6M Realtors in the U.S.

Of those agents, approximately 48% use the company's software platform and CRM. This subset of agents is the company's 'Principal Agents.'

The average number of Principal Agents is essential to the company's growth potential, particularly when coupled with Compass' platform strengths.

In 2023 Compass had an average of 13,973 Principal Agents, showing growth year over year despite the company's slow down in revenue.

Compass Principal Agent Headcount

Here is a breakdown of Principal Agents in recent years:

YearAverage Number of Principal Agents
2019 6,787
2020 8,686
2021 11,058
2022 13,296
2023 13,973

Compass reports that its principal agents transact more than an average agent. Principal Agents generate an average of 7.5 transactions per year versus the industry average of 6.4 transactions. Compass’ Principal Agent retention rate exceeded 90% in 2022.

Conclusion

That's it for my 2024 round-up of Compass Real Estate.

This leading brokerage – differentiated by its use of technology and its platform – showed a slight slowdown in 2023 due to macroeconomic trends. Compass is not profitable. Despite this, the company still claims to be the largest independent real estate brokerage by gross transaction volume in the U.S.

Sources

Website Traffic: Ahrefs

Financial + Operations: Compass

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