Q3 FY2026
Filed Nov 12, 2026Mobility 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.