Mobility Global raises 2026 EBITDA outlook floor to $750 million
Key Facts
Mobility Global raised the floor of its 2026 adjusted earnings before interest, taxes, depreciation and amortization outlook to $750 million, from $745 million, while keeping the upper end at $760 million, according to its third-quarter results statement. The adjustment lifts the midpoint of the guidance range, with its ceiling unchanged. Investing.com reported that the company's shares rose 2.81% after the announcement on November 12, 2026. The platform said third-quarter results and the higher full-year outlook exceeded analysts' expectations, without specifying by how much. In its statement, the company said revenue growth accelerated in the third quarter compared with the first half across both segments.
CARFAX revenue grew 8% year over year to $313 million in the third quarter, while B2B revenue increased 6% to $164 million, according to the company. Mobility Global said growth improved in both segments compared with the first half. The results put revenue expansion in both units against the backdrop of the higher floor for full-year adjusted earnings guidance. Adjusted earnings before interest, taxes, depreciation and amortization were $195 million, up 2% year over year, with a 41% margin. That measure therefore grew more slowly than CARFAX and B2B revenue over the same period.
Free cash flow improved to $186 million in the third quarter, compared with $136 million in the corresponding period of 2025, an increase of 37% year over year, according to company data. This coincided with 2% growth in adjusted earnings before interest, taxes, depreciation and amortization to $195 million. The new guidance raises the floor of the 2026 range to $750 million from $745 million, while keeping the upper end at $760 million. The financial comparison comes as the company changes its reporting basis: The third quarter of 2026 is its first full quarter as a standalone company with results presented on a consolidated basis. Earlier periods were presented on a carve-out basis, according to the company statement.
Mobility Global separated from S&P Global on July 1, 2026, according to its filing with the U.S. Securities and Exchange Commission. The filing says the investment provided by its former parent was reclassified as common equity in connection with the separation. The company said consolidated reporting began with the third quarter, its first full quarter as an independent entity. Chief Executive Bill Eager said the company is focused on disciplined execution, finishing the year strong and building momentum in 2027. The statement places the current-year adjusted earnings outlook within the company's stated goal for next year.
Alongside its financial outlook, Mobility Global said it expects to begin share repurchases before the end of 2026 and is targeting purchases of $350 million to $450 million in common stock by the end of 2027. The company thus set an expected start date for the program and a total target extending through the end of the following year. The repurchase program is an additional element of the company's announced plans for shareholders, alongside improved third-quarter free cash flow. These targets do not include another change to earnings guidance; the announced revision was limited to raising the floor of the 2026 adjusted EBITDA range. The next step identified by the company is to begin purchases before year-end.