MOBILITY GLOBAL REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS
Mobility Global Inc. (MBGL) filed an SEC Form 8-K — Results of Operations and Financial Condition. 1 Non-GAAP measure. See "Non-GAAP Financial Information" and the reconciliations and definitions in Exhibit 5. Page 1 5860 Trinity Parkway Centreville, VA 21020 www.mobilityglobal.c MOBILITY GLOBAL REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS CENTREVILLE, Va., November 12, 2026 -
How this was made
The 30-second read
Why it matters
The earnings beat and guidance raise may attract dividend‑seeking and buyback‑focused investors, while the data‑service segments could benefit from broader automotive industry trends.
Market read
Earnings and guidance lift likely to boost MBGL stock and positively influence peers in the automotive data sector.
What to watch
Potential headwinds from slower new‑car sales could limit future CARFAX revenue growth.
Mobility Global posts Q3 2026 revenue of $478 million, up 7.4%, with Adjusted EBITDA of $195 million and a raised Adjusted EBITDA guidance midpoint
Revenue grew 7.4% with both segments accelerating from the first half, and the company raised the midpoint of its full-year Adjusted EBITDA range. GAAP net income fell 41% and Adjusted EBITDA margin contracted to 41% from 43%, and the filing states that Adjusted EBITDA now includes standalone public company costs for the first time.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenue, Q3 2026GAAP | $478M | – | 7.4% |
| Subscription revenue, Q3 2026GAAP | $389M | – | 7% |
| Non-subscription revenue, Q3 2026GAAP | $89M | – | 7% |
| CARFAX segment revenue, Q3 2026GAAP | $313M | – | 8% |
| B2B segment revenue, Q3 2026GAAP | $164M | – | 6% |
| Operating-related expenses, Q3 2026GAAP | $105M | – | (19)% |
| Selling and general expenses, Q3 2026GAAP | $203M | – | 50% |
| Depreciation, Q3 2026GAAP | $4M | – | 33% |
| Amortization of intangibles, Q3 2026GAAP | $74M | – | – |
| Total expenses, Q3 2026GAAP | $386M | – | 13% |
| Operating profit, Q3 2026GAAP | $92M | – | (12)% |
| Interest expense and other, net, Q3 2026GAAP | $26M | – | N/M |
| Income before provision for income taxes, Q3 2026GAAP | $66M | – | (34)% |
| Provision for income taxes, Q3 2026GAAP | $24M | – | (17)% |
| Net income, Q3 2026GAAP | $42M | – | (41)% |
| Net income margin, Q3 2026GAAP | 9% | – | (44)% |
| Diluted EPS, Q3 2026GAAP | $0.14 | – | (42)% |
| Adjusted EBITDA, Q3 2026non-GAAP | $195M | – | 2% |
| Adjusted EBITDA margin, Q3 2026non-GAAP | 41% | – | (5)% |
| CARFAX segment operating profit, Q3 2026GAAP | $101M | – | – |
| B2B segment operating profit, Q3 2026GAAP | $13M | – | – |
| CARFAX segment Adjusted EBITDA, Q3 2026non-GAAP | $153M | – | – |
| CARFAX segment Adjusted EBITDA margin, Q3 2026non-GAAP | 49% | – | – |
| B2B segment Adjusted EBITDA, Q3 2026non-GAAP | $45M | – | – |
| B2B segment Adjusted EBITDA margin, Q3 2026non-GAAP | 27% | – | – |
| Adjusted net income, Q3 2026non-GAAP | $119M | – | (9)% |
| Adjusted diluted EPS, Q3 2026non-GAAP | $0.40 | – | (9)% |
| Net cash provided by operating activities, Q3 2026GAAP | $205M | – | 42% |
| Free cash flow, Q3 2026non-GAAP | $186M | – | 37% |
| Organic constant currency revenue growth, Q3 2026, total companynon-GAAP | 7.6% | – | – |
| Total revenue, nine months 2026GAAP | $1.40B | – | 7% |
| CARFAX segment revenue, nine months 2026GAAP | $923M | – | 8% |
| B2B segment revenue, nine months 2026GAAP | $477M | – | 6% |
| Subscription revenue, nine months 2026GAAP | $1.14B | – | 8% |
| Non-subscription revenue, nine months 2026GAAP | $257M | – | 7% |
| Operating-related expenses, nine months 2026GAAP | $375M | – | (3)% |
| Selling and general expenses, nine months 2026GAAP | $538M | – | 35% |
| Depreciation, nine months 2026GAAP | $11M | – | 10% |
| Amortization of intangibles, nine months 2026GAAP | $222M | – | – |
| Total expenses, nine months 2026GAAP | $1.15B | – | 12% |
| Operating profit, nine months 2026GAAP | $255M | – | (10)% |
| Interest expense and other, net, nine months 2026GAAP | $36M | – | N/M |
| Income before provision for income taxes, nine months 2026GAAP | $219M | – | (20)% |
| Provision for income taxes, nine months 2026GAAP | $69M | – | (13)% |
| Net income, nine months 2026GAAP | $150M | – | (23)% |
| Net income margin, nine months 2026GAAP | 11% | – | (27)% |
| Diluted EPS, nine months 2026GAAP | $0.51 | – | (23)% |
| Adjusted EBITDA, nine months 2026non-GAAP | $581M | – | 6% |
| Adjusted EBITDA margin, nine months 2026non-GAAP | 41% | – | (2)% |
| CARFAX segment Adjusted EBITDA, nine months 2026non-GAAP | $446M | – | – |
| B2B segment Adjusted EBITDA, nine months 2026non-GAAP | $147M | – | – |
| Adjusted net income, nine months 2026non-GAAP | $381M | – | 2% |
| Adjusted diluted EPS, nine months 2026non-GAAP | $1.29 | – | 2% |
| Net cash provided by operating activities, nine months 2026GAAP | $394M | – | 5% |
| Free cash flow, nine months 2026non-GAAP | $363M | – | 1% |
| Organic constant currency revenue growth, nine months 2026, total companynon-GAAP | 7.1% | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| CARFAXThe filing prints organic constant currency growth of 7.9% for Q3 2026 and 7.7% for nine months 2026. Segment Adjusted EBITDA was $153 million for Q3 2026 against $146 million a year earlier, and operating profit was $101 million against $92 million. | $313 million (Q3 2026); $923 million (nine months 2026) | – | 8% (Q3 2026); 8% (nine months 2026) |
| B2BThe filing prints organic constant currency growth of 6.5% for Q3 2026 and 5.8% for nine months 2026. The release states that a large global OEM was added to B2B Sales Solutions, a win the company says was made possible by operating as One Mobility Global. Segment operating profit was $13 million for Q3 2026 against $23 million a year earlier, and Adjusted EBITDA was $45 million against $52 million. | $164 million (Q3 2026); $477 million (nine months 2026) | – | 6% (Q3 2026); 6% (nine months 2026) |
Amounts quoted below without a unit are in millions, as in the filing’s tables. Per-share figures are as printed.
Full-year 2026 (updated) outlook
- Revenue$1,870 - $1,885 million
- NoteRevenue growth (year over year): 6.9% - 7.7%
- NoteAdjusted EBITDA: $750 - $760 million (updated); prior full-year 2026 guidance printed in the same release: $745 - $760 million
- NoteAdjusted EBITDA margin: ~40% (updated and prior)
- NoteGuidance reflects carve-out results for the first six months of 2026 and consolidated results for the second six months.
- NoteThe company does not provide a reconciliation of forward-looking non-GAAP measures to GAAP measures.
Capital returns
- Paid first quarterly cash dividend of $0.06 per share in Q3 2026; the cash flow statement prints payment of dividends of $(18) million for Q3 2026 and nine months 2026.
- Board declared a quarterly dividend of $0.06 per share in October 2026, payable December 14, 2026, to holders of record at the close of business November 30, 2026; annualized dividend rate $0.24 per share.
- In October 2026 the Board authorized an $800 million share repurchase program. The company expects to begin repurchases before the end of 2026 and to repurchase $350 to $450 million of common stock by the end of 2027, subject to market conditions and other factors.
- No repurchases are printed as made in Q3 2026 or nine months 2026.
What drove it
- The company states that Q3 2026 was its first full quarter as a standalone public company and that revenue growth stepped up from the first half across both segments.
- Subscription revenue grew 7% and non-subscription revenue grew 7% in Q3 2026, per the release.
- The release states that Adjusted EBITDA is inclusive of standalone public company costs for the first time.
- Exhibit 5 prints transaction costs of $16 million in Q3 2026 against $3 million in Q3 2025, and $73 million in nine months 2026 against $5 million in nine months 2025. Transaction costs are an Adjusted EBITDA add-back.
- The company states that the B2B segment added a large global OEM to B2B Sales Solutions, a win it attributes to operating as One Mobility Global.
- Q3 2026 Operating-related expenses fell to $105 million from $129 million, while Selling and general expenses rose to $203 million from $135 million. The release does not give a cause for this shift.
Concerns
- Q3 2026 GAAP net income fell 41% to $42 million, and the net income margin fell to 9% from 16%.
- Q3 2026 GAAP diluted EPS fell 42% to $0.14. Adjusted diluted EPS fell 9% to $0.40.
- Q3 2026 Adjusted EBITDA margin was 41% against 43% a year earlier.
- B2B segment operating profit fell to $13 million from $23 million, and B2B segment Adjusted EBITDA margin was 27% against 34%.
- Interest expense and other, net rose to $26 million in Q3 2026 from $4 million, and to $36 million in nine months 2026 from $11 million. The company's Senior Notes issuance is printed in the cash flow statement.
- Selling and general expenses rose 50% in Q3 2026 and 35% in nine months 2026.
What to watch
- Whether Adjusted EBITDA reaches the updated $750 - $760 million range, given that nine-month Adjusted EBITDA was $581 million.
- Whether B2B segment growth and margins recover after the Q3 2026 decline in segment operating profit and Adjusted EBITDA.
- The timing and amount of share repurchases under the $800 million program, against the $350 to $450 million targeted through year-end 2027.
- The level of Selling and general expenses and standalone public company costs in the coming quarters.
- Interest expense and other, net following the $1,981 million of long-term debt on the balance sheet at September 30, 2026.
Balance sheet and cash flow
- Cash and cash equivalents: $351 million at September 30, 2026, against $38 million at December 31, 2025.
- Long-term debt: $1,981 million at September 30, 2026, against none printed at December 31, 2025.
- Proceeds from issuance of Senior Notes: $1,986 million in nine months 2026, and payment of deferred financing costs of $(8) million in Q3 2026 and nine months 2026.
- Total assets: $13,197 million at September 30, 2026, against $12,995 million at December 31, 2025.
- Total equity: $9,827 million at September 30, 2026, against $11,485 million at December 31, 2025.
- Capital expenditures: $(19) million in Q3 2026 against $(8) million in Q3 2025; $(31) million in nine months 2026 against $(16) million in nine months 2025.
- Net transfers from (to) Former Parent: $5 million in Q3 2026 and $(2,006) million in nine months 2026.
Analysis
Mobility Global reported Q3 2026 total revenue of $478 million, up 7.4% year over year, and 7.6% on an organic constant currency basis that the company introduces in this release. The release says growth stepped up from the first half across both segments. CARFAX revenue rose 8% to $313 million and B2B revenue rose 6% to $164 million. Subscription revenue rose 7% to $389 million and non-subscription revenue rose 7% to $89 million. For nine months 2026, revenue was $1,401 million, up 7%.
Profitability was weaker at the GAAP line than at the revenue line. Q3 2026 operating profit was $92 million against $104 million, and net income was $42 million against $71 million, a 41% decline that the release describes as a 9% net income margin. Selling and general expenses rose to $203 million from $135 million, while operating-related expenses fell to $105 million from $129 million. Interest expense and other, net increased to $26 million from $4 million. Adjusted EBITDA was $195 million, up 2%, with a 41% margin against 43%. The release states that Adjusted EBITDA is now inclusive of standalone public company costs for the first time, and Exhibit 5 prints transaction costs of $16 million in Q3 2026 against $3 million a year earlier. The filing does not attribute the change in the expense mix to a single cause.
By segment, CARFAX delivered higher revenue and higher operating profit ($101 million against $92 million). B2B revenue grew, but its operating profit fell to $13 million from $23 million and its Adjusted EBITDA margin fell to 27% from 34%. The release states that a large global OEM was added to B2B Sales Solutions, which it attributes to operating as One Mobility Global. For nine months 2026, Adjusted EBITDA was $581 million, up 6%, and Adjusted diluted EPS was $1.29, up 2%.
Cash generation was stronger in the quarter. Operating cash flow was $205 million against $144 million and free cash flow was $186 million against $136 million. Cash rose to $351 million at September 30, 2026, against $38 million at December 31, 2025. Long-term debt was $1,981 million at quarter end, following the Senior Notes issuance printed in the nine-month cash flow statement. Capital allocation has begun: the company paid its first quarterly dividend of $0.06 per share, declared another, and authorized an $800 million repurchase program with $350 to $450 million targeted through year-end 2027.
The company updated its full-year 2026 guidance. Revenue remains $1,870 to $1,885 million and revenue growth remains 6.9% to 7.7%. Adjusted EBITDA is now $750 to $760 million, against $745 to $760 million printed in the prior guidance, and the Adjusted EBITDA margin is guided at about 40% in both. The guidance reflects carve-out results for the first half and consolidated results for the second half, so the figures are not fully comparable with a standalone-only base. The filing does not provide a previous release's outlook section, so the comparison here is limited to the two ranges printed in this release.
Management, verbatim
Our first full quarter as a standalone public company was a solid one, with growth stepping up from the first half across both segments,
Bill Eager, Chief Executive Officer, Mobility Global
Not in the filing
stated, not guessed- Gross margin or cost of sales: not reported as a line item in the filing.
- Prior-quarter (Q2 2026) figures: the release does not print a second-quarter column, so prior_quarter and qoq_change are null throughout.
- Previous release outlook: the prior guidance is printed within this release, but the company's previous earnings release was not provided, so vs_prior_guidance is empty.
- Year-over-year percentage for amortization of intangibles: the filing prints a dash rather than a percentage for Q3 and nine-month periods.
- Year-over-year percentage for CARFAX and B2B segment Adjusted EBITDA and operating profit: not printed.
- Prior-year organic constant currency growth: not printed, since the metric is new in this release.
- Share repurchases executed to date: none printed; the program expectation is stated only as a plan.
- Share price reaction and analyst consensus: not in the documents.
- Tax rate guidance and operating expense guidance: not provided.
- Segment operating profit and Adjusted EBITDA for the nine-month period: prior-period percentage changes not printed.
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure is checked against the filing text, and a metric the filing does not print, or whose value, prior period and change do not add up, is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Mobility Global reported its first full quarter as a standalone public company, highlighting organic growth and new capital return initiatives.
Ticker impact
Mobility Global disclosed Q3 2026 results, raised full-year adjusted EBITDA guidance and announced an $800 M share repurchase program.
likely upward pressure as investors price in the buyback and dividend initiation
Revenue grew 7.4% YoY, adjusted EBITDA rose 2%, and the company added a dividend and a large repurchase program, all of which typically support the stock.
Market effects
Strengthens outlook for automotive data and B2B services providers.
U.S. market may see modest gains in transportation‑technology stocks.
Limited; primarily impacts U.S. listed mobility data firms.
Counterpoint
Buyback may be premature if macro demand for vehicle data softens.
Key entities
- companyMobility Global Inc.
U.S. listed provider of vehicle‑history and B2B automotive data services.
