filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
Our common stock is traded on the Nasdaq Global Select Market under the symbol “CSGP.” As of January 31, 2026, there were 1,620 holders of record of our common stock.
Dividend Policy. We have never declared or paid any dividends on our common stock. We do not anticipate paying any dividends on our common stock during the foreseeable future, but intend to invest our future earnings, if any, to finance our growth and share repurchases.
Recent Issues of Unregistered Securities. We did not issue any unregistered securities during the year ended December 31, 2025.
Issuer Purchases of Equity Securities. The following table summarizes our repurchases of common stock for the quarter ended December 31, 2025 (in millions, except per share data):
ISSUER PURCHASES OF EQUITY SECURITIES
| 2025 | Total Number of Shares Purchased**(1)** | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs**(2)** | Approximate Dollar Value of Shares that May Yet Be Purchased Under Plans or Programs**(2)** | ||||||||||||||||||||||
| October 1 through 31 | 0.3 | $ | 77.37 | 0.3 | $ | 365 | ||||||||||||||||||||
| November 1 through 30 | 5.0 | $ | 67.05 | 5.0 | $ | 29 | ||||||||||||||||||||
| December 1 through 31 | 0.4 | $ | 68.07 | 0.4 | $ | 1,500 | ||||||||||||||||||||
| Total | 5.7 | $ | 67.61 | 5.7 | ||||||||||||||||||||||
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(1) The number includes CoStar Group Shares tendered by employees to the Company to satisfy the employees' minimum tax withholding obligations arising as a result of vesting of restricted stock grants under the Company’s 2025 Stock Incentive Plan, for which shares were purchased by the Company based on their fair market value on the trading day immediately preceding the vesting date.
(2) In February 2025, the Board of Directors approved the Prior Stock Repurchase Program which authorized the repurchase up to $500 million of Costar Group Shares. During the fourth quarter of 2025, the Company repurchased 5.7 million CoStar Group Shares for an aggregate cost of $385 million under the Prior Stock Repurchase Program. The repurchases under the Prior Stock Repurchase Agreement were completed in December 2025. In December 2025, the Board of Directors approved a Stock Repurchase Program which authorizes, but does not obligate, the repurchase of up to $1.5 billion of CoStar Group Shares. No shares were repurchased under the Stock Repurchase Program during the fourth quarter of 2025. See Note 14 for further discussion regarding the Prior Stock Repurchase Program, Stock Repurchase Program, and stock repurchase activity.
Stock Price Performance Graph
The stock performance graph below shows how an initial investment of $100 in our common stock would have compared to:
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an equal investment in the S&P 500 Index, and
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an equal investment in the S&P Composite 1500 Real Estate Index.
The comparison covers the period beginning December 31, 2020 and ending on December 31, 2025, and assumes the reinvestment of any dividends. Note that this performance is historical and is not necessarily indicative of future price performance.
| Company / Index | 12/31/20 | 12/31/21 | 12/31/22 | 12/31/23 | 12/31/24 | 12/31/25 | ||||||||||||||||||||||||||||||||
| CoStar Group, Inc. | $ | 100.00 | $ | 85.50 | $ | 83.61 | $ | 94.55 | $ | 77.45 | $ | 72.75 | ||||||||||||||||||||||||||
| S&P 500 Index | $ | 100.00 | $ | 128.71 | $ | 105.40 | $ | 133.10 | $ | 166.40 | $ | 196.16 | ||||||||||||||||||||||||||
| S&P Composite 1500 Real Estate Index | $ | 100.00 | $ | 143.17 | $ | 105.48 | $ | 117.65 | $ | 124.03 | $ | 127.95 |
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