EarningsQ2 2026 Earnings Report
MX:RMVN Q2 2026 EPS Results
Actual EPS$3.64
Consensus EPS$3.55
Beat/MissBeat by +$0.09
One Year Ago EPS$3.45
MX:RMVN Q2 2026 Revenue Results
Actual Revenue$5.30B
Expected Revenue$5.31B
Beat/MissMissed by -$9.51M
YoY Revenue Growth+6.67%
Earnings Announcement Details
QuarterQ2 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
MX:RMVN Upcoming Earnings
Rightmove's next earnings date is estimated for February 26, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear execution and monetization wins: strong ARPA-led growth in Agency, solid traction in strategic growth areas (Commercial, Rental Services), significant product and AI progress (Ask Rightmove, OAV, agentic tooling), disciplined capital returns (GBP 400m+ targeted) and maintained profit guidance. However, a pronounced weakness in New Homes volumes, a modest decline in mortgage revenues, rising operating costs, and ongoing legal exceptional costs temper the outlook. Management emphasizes product-led resilience and readiness for a market rebound while conservatively guiding revenue and development assumptions for the rest of the year.Company Guidance
Group revenue growth
Group revenue increased 7% year-on-year in H1 2026, driven by ARPA and membership increases in the core Estate Agency business and contributions from strategic growth areas.
Estate Agency performance
Agency revenues rose 9% to GBP 164m. Record partner retention (highest in over 10 years), agency membership increased by 206 branches, and total membership rose by 85 to 19,357. ARPA-led growth was a primary driver.
ARPA and product monetization
Overall ARPA increased by GBP 117 to GBP 1,726 (approx +7.3% on that base). Around 60% of ARPA uplift came from upgrades/product uptake and 40% from contract renewals. Number of products per branch rose 14% and over half of partners bought products above committed contract levels.
New Homes ARPA and package adoption despite market softness
New Homes revenue increased 2% to GBP 38m despite fewer developments. Penetration of top package Ascend reached 36%; Ascend upgrades drove an ARPA uplift of ~GBP 400 (c. +12% in first 12 months post-upgrade). Enhanced leads/Ascend helped sustain monetization.
Strategic growth area momentum
Commercial revenues grew 13% to GBP 8.4m with membership up 15% year-on-year. Rental services revenues rose 67% (benefitting from Enquiry Manager rollout to ~7,000 partners and GBP 1.7m of revenue from higher lettings product).
Platform, AI and product innovation
Tech progress: apps 100% cloud-enabled, >5 PB of unified data, shipped >35% more tech releases, 84% of code changes AI-enabled and agentic code output 3x higher Apr–Jun. Ask Rightmove exposed to >6m users; engaged users spend ~40% more time, save 2x properties and are ~2x more likely to send a lead.
Online Agent Valuation (OAV) traction
OAV generated >45,000 valuation requests and contributed to H1 valuation lead growth of 50%. Adopted by >1,200 branches (28% of Optimiser Edge), with AI-enabled agent response times 12% faster and booked valuations 10% higher.
Operational AI outcomes
Agentic/operational wins include resolution of 3,000 customer support tickets with zero human involvement, trial of Rightmove Plus AI assistant at ~2,000 branches, and plans for voice intelligence leveraging a large call-record dataset.
Capital returns and balance sheet actions
Completed GBP 90m buyback in H1; announced expectation to return >GBP 400m to shareholders over next 12 months (incl. interim dividend 4.17p and expected buybacks >GBP 330m). Launched GBP 200m revolving credit facility targeting modest ongoing leverage (~0.5x at full drawdown).
Profitability and guidance on operating profit
Underlying EPS grew 6% in H1 and underlying operating profit margin remained strong at 69%. Management reiterated FY underlying operating profit growth guidance of 3%–5% and at least 5% EPS growth for 2026 despite revenue headwinds.
MX:RMVN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed