1 Non-GAAP measure. See "Non-GAAP Financial Information" and the reconciliations and definitions in
Exhibit 5.
Page 1
imagea.jpg
5860 Trinity Parkway
Centreville, VA 21020
www.mobilityglobal.c
MOBILITY GLOBAL REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS
CENTREVILLE, Va., November 12, 2026 - Mobility Global Inc. (NYSE: MBGL) (“Mobility Global” or the
“Company”) today announced financial results for the third quarter ended September 30, 2026.
•Grew revenue 7.4% year-over-year, or 7.6% on an organic constant currency1 basis, a sequential step-
up from the first half
•Grew both segments with CARFAX revenue up 8% to $313 million and B2B revenue up 6% to $164
million
•Reported net income of $42 million and adjusted EBITDA¹ of $195 million, inclusive of standalone
public company costs for the first time
•Authorized an $800 million share repurchase program, with buybacks expected to begin before year end
and $350-$450 million of repurchases targeted through year-end 2027
•Raised full-year 2026 adjusted EBITDA guidance midpoint while maintaining full-year revenue
guidance
“Our first full quarter as a standalone public company was a solid one, with growth stepping up from the first
half across both segments," said Bill Eager, Chief Executive Officer of Mobility Global. “We are bringing our
CARFAX and B2B businesses together as One Mobility Global and applying AI to our proprietary data, trusted
brands and deeply embedded customer relationships to deliver more value to our customers and drive growth.
We believe our strong cash generation enables us to invest in these priorities while returning capital to
shareholders through our dividend and share repurchase program. We remain focused on disciplined execution,
finishing the year strong and building momentum into 2027.”
Third Quarter Financial Highlights
(All comparisons are to the third quarter of 2025)
•Total revenue of $478 million, increased by 7.4%
•Subscription revenue increased by 7% and non-subscription revenue also increased by 7%
•CARFAX segment revenue of $313 million, increased by 8%
•B2B segment revenue of $164 million, increased by 6%
•Net income of $42 million, decreased by 41% and represented a 9% margin
•Adjusted EBITDA¹ of $195 million, increased by 2% and represented a 41% margin
Page 2
Third Quarter 2026 and Recent Business Highlights
•Added a large global OEM to B2B Sales Solutions, a win made possible by operating as One Mobility
Global.
•Expanded CARFAX’s data estate and consumer reach since year-end 2025, reaching milestones of
more than 100,000 service shops (up approximately 8,000), 60 million Car Care consumers (up
approximately 7 million), and more than 40 billion vehicle history records (up approximately 2 billion).
•Expanded CARFAX Homegrown across all CARFAX dealer and consumer assets, including CARFAX
Listings, Car Care and dealer tools. CARFAX Homegrown gives consumers more ways to find vehicles
sold and serviced by the same dealership, and dealers more ways to acquire and sell that inventory.
•Paid first quarterly cash dividend of $0.06 per share, and in October the Board declared the next
quarterly dividend of $0.06 per share.
•In October, the Board authorized an $800 million share repurchase program, with buybacks expected to
begin before year end and $350-$450 million of repurchases targeted through year-end 2027.
Financial Summary
All periods prior to September 30, 2026 are presented on a carve-out basis. Beginning with the third quarter of
2026, Mobility Global's first full quarter as a standalone company, financial results are reported on a
consolidated basis.
Three Months Ended
September 30,
Nine Months Ended
September 30,
(dollars in millions except per share data)
2026
2025
% Chg
2026
2025
% Chg
(unaudited)
(unaudited)
Revenue
CARFAX
$313
$291
8%
$923
$855
8%
B2B
164
154
6%
477
449
6%
Total revenue
478
445
7%
1,401
1,304
7%
Subscription revenue
389
362
7%
1,144
1,063
8%
Non-subscription revenue
89
83
7%
257
241
7%
Profitability (GAAP)
—
Operating profit
92
104
(12)%
255
284
(10)%
Net income
42
71
(41)%
150
194
(23)%
Net income margin
9%
16%
(44)%
11%
15%
(27)%
Diluted EPS
0.14
0.24
(42)%
0.51
0.66
(23)%
Non-GAAP measures
Adjusted EBITDA
195
191
2%
581
548
6%
Adjusted EBITDA margin
41%
43%
(5)%
41%
42%
(2)%
Adjusted Net income
119
131
(9)%
381
375
2%
Adjusted diluted EPS
0.40
0.44
(9)%
1.29
1.27
2%
Cash flow
Net cash provided by operating activities
205
144
42%
394
377
5%
Free cash flow
186
136
37%
363
361
1%
Page 3
Beginning this quarter, the Company is also reporting organic constant currency revenue growth, which
excludes the impact of foreign currency translation and of acquisitions and divestitures. Organic constant
currency is a non-GAAP measure; see Exhibit 5 for the reconciliation. See below for organic constant currency
growth versus the prior-year period by segment and total company.
Three months Ended September 30,
2026
Nine months Ended September 30,
2026
CARFAX
B2B
Total
CARFAX
B2B
Total
Organic constant currency
revenue growth                         
7.9%
6.5%
7.6%
7.7%
5.8%
7.1%
Declaration of Quarterly Dividend
The Board of Directors has declared a quarterly common stock dividend of $0.06 per share. The dividend is
payable on December 14, 2026, to shareholders of record at the close of business as of November 30, 2026. The
annualized dividend rate is $0.24 per share.
Share Repurchase Program
In October 2026, the Board of Directors authorized a share repurchase program to repurchase up to $800
million in shares of the Company’s common stock, from time-to-time on the open market, in privately
negotiated transactions, or otherwise, as determined by the Company’s management in its discretion. The
Company currently 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 management's evaluation of market conditions, applicable legal
requirements and other factors.
Outlook
Operating Performance
Updated Full-Year 2026 Guidance
Prior Full-Year 2026 Guidance
Revenue
$1,870 - $1,885 million
$1,870 - $1,885 million
Revenue growth (year over year)
6.9% - 7.7%                                     
6.9% - 7.7%
Adjusted EBITDA
$750 - $760 million
$745 - $760 million
Adjusted EBITDA margin
~40%
~40%
Our full year 2026 guidance reflects our carve-out financial results for the first six months of the year and
consolidated financial results for the second six months.
The Company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most
directly comparable financial measures calculated and reported in accordance with GAAP, as the Company is
unable to estimate certain items that impact Net income, and other reconciling metrics are outside the
Company’s control and/or cannot be estimated without unreasonable effort. The amounts and timing of these
items are uncertain and could be material to the Company’s results calculated in accordance with GAAP.
Earnings Webcast
Mobility Global will host a live conference call at 8:00 a.m. EST on Thursday, November 12, 2026 to discuss
its third quarter 2026 financial results. The conference call will be webcast to the public via a link on the
Investor Relations website at https://ir.mobilityglobal.com.
Page 4
Additional Information Regarding Non-GAAP Measures
It should be noted that Organic Constant Currency, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted
Net income, Adjusted Diluted earnings per share, and Free Cash Flow are financial measures that are not
required by, or presented in accordance with, accounting principles generally accepted in the United States, or
GAAP. These non-GAAP measures should not be considered as alternatives to Net income attributable to
Mobility Global or other comparable measures calculated and reported in accordance with GAAP. These
measures are presented here to provide additional useful measurements to review the Company’s operations,
provide transparency to investors and enable period-to-period comparability of financial performance. The
Company’s chief operating decision maker uses these measures to assess the ongoing performance of the
Company and its segments, as well as for business and enterprise planning purposes.
A description of other non-GAAP financial measures that Mobility Global uses to evaluate its operations and
financial performance, and reconciliation of these non-GAAP financial measures to the most directly
comparable financial measures calculated and reported in accordance with GAAP, can be found in Exhibit 5 of
this press release, which is also available on Mobility Global’s website at https://ir.mobilityglobal.com.
Forward-Looking Statements
This press release contains “forward-looking statements,” as defined in the Private Securities Litigation Reform
Act of 1995. These statements, which express management’s current views concerning future events, trends,
contingencies or results, are not guarantees of future performance.They include, among others, statements
regarding our full-year 2026 guidance; our expectations regarding future financial and operating performance,
revenue growth, margins, cash flows and liquidity; our business and growth strategies and initiatives; market
and industry trends; the development and performance of our products and services; our expectations regarding
the Company's share repurchase program, including the timing and amounts of any share repurchases
thereunder; our dividend policy; separation-related activities and costs; effective tax rates; and other future
events and circumstances. They appear at various places in this press release and may use words like
“anticipate,” “assume,” “believe,” “continue,” “estimate,” “expect,” “forecast,” “future,” “intend,” “plan,”
“potential,” “predict,” “project,” “strategy,” “target” and similar terms, and future or conditional tense verbs like
“could,” “may,” “might,” “should,” “will” and “would.”
Forward-looking statements are subject to inherent risks and uncertainties. Several factors could cause actual
results to differ materially from those expressed or implied in forward-looking statements. The Company and its
subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the
Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as
of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-
looking statement to reflect events or circumstances arising after the date on which it is made, except as
required by applicable law. Further information about the Company’s businesses, including information about
factors that could materially affect its results of operations and financial condition, is contained in the
Company’s filings with the SEC, including the section titled “Risk Factors” of our Registration Statement on
Form 10 filed with the SEC on May 27, 2026, as amended.
About Mobility Global
Mobility Global is the world’s standard for automotive information, providing critical data and analytics across
the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX,
automotiveMastermind, Polk Automotive Solutions, and Market Scan, supporting the world’s major automotive
Page 5
manufacturers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecasts,
insights, technology, and innovation. For more, visit mobilityglobal.com.
Contacts:
Investor Relations:
Tejal Engman
Managing Director, Investor Relations
tejal.engman@mobilityglobal.com
Media:
Kara Evanko
Global Head of Communications
kara.evanko@mobilityglobal.com
Exhibit 1
Mobility Global Inc.
Condensed Consolidated and Combined Statements of Operations
Three and nine months ended September 30, 2026 and 2025
(dollars in millions, except per share data)
(unaudited)
Three Months Ended
September 30,
Change
Nine Months Ended
September 30,
Change
2026
2025
$
%
2026
2025
$
%
Revenue
$478
$445
$33
7%
$1,401
$1,304
$97
7%
Expenses:
Operating-related expenses
105
129
(24)
(19)%
375
388
(13)
(3)%
Selling and general expenses
203
135
68
50%
538
400
138
35%
Depreciation
4
3
1
33%
11
10
1
10%
Amortization of intangibles
74
74
—
—%
222
222
—
—%
Total expenses
386
341
45
13%
1,146
1,020
126
12%
Operating profit
92
104
(12)
(12)%
255
284
(29)
(10)%
Interest expense and other, net
26
4
22
N/M
36
11
25
N/M
Income before provision for
income taxes
66
100
(34)
(34)%
219
273
(54)
(20)%
Provision for income taxes
24
29
(5)
(17)%
69
79
(10)
(13)%
Net income
$42
$71
$(29)
(41)%
$150
$194
$(44)
(23)%
Net income per common share:
Basic
$0.14
$0.24
$(0.10)
(41)%
$0.51
$0.66
$(0.15)
(23)%
Diluted
$0.14
$0.24
$(0.10)
(41)%
$0.51
$0.66
$(0.15)
(23)%
N/M - Represents a change equal to or in excess of 100% or not meaningful
Exhibit 2
Mobility Global Inc.
Condensed Consolidated and Combined Balance Sheets
September 30, 2026 and December 31, 2025
(dollars in millions)
(unaudited)
September 30,
December 31,
2026
2025
Assets:
Current assets:
Cash and cash equivalents
$351
$38
Accounts receivable, net of allowance for doubtful accounts
226
211
Prepaid and other current assets
44
32
Total current assets
621
281
Property and equipment, net of accumulated depreciation
25
19
Right of use assets
75
16
Goodwill
8,845
8,845
Other intangible assets, net
3,566
3,789
Other non-current assets
65
45
Total assets
$13,197
$12,995
Liabilities and Equity:
Accounts payable
$73
$56
Due to related parties – current
—
19
Accrued compensation
56
64
Unearned revenue
87
78
Other current liabilities
106
45
Total current liabilities
322
262
Long-term debt
1,981
—
Operating lease liabilities
73
11
Deferred tax liability, net
989
1,006
Due to related parties – non-current
—
230
Other non-current liabilities
5
1
Total liabilities
3,370
1,510
Equity:
Common stock - $0.01 par value - Authorized 1,000,000,000, 294,840,885 and no
shares issued and outstanding as of September 30, 2026 and December 31, 2025,
respectively.
3
—
Additional paid-in capital
9,777
—
Retained earnings
24
—
Former Parent investment
—
11,489
Accumulated other comprehensive income (loss)
23
(4)
Total equity
9,827
11,485
Total liabilities and equity
$13,197
$12,995
Exhibit 3
Mobility Global Inc.
Condensed Consolidated and Combined Statements of Cash Flows
Three and nine months ended September 30, 2026 and 2025
(dollars in millions)
Three Months Ended
September 30,
Nine Months Ended
September 30,
(unaudited)
2026
2025
2026
2025
Operating Activities:
Net income
42
$71
$150
$194
Adjustments to reconcile net income to cash
provided by operating activities:
Depreciation
4
3
11
10
Amortization of intangibles
74
74
222
222
Deferred income taxes
(25)
(24)
(63)
(67)
Stock-based compensation
9
7
18
16
Other
3
2
4
4
Net changes in other operating assets and
liabilities
98
11
52
(2)
Cash provided by operating activities
205
144
394
377
Investing Activities:
Capital expenditures
(19)
(8)
(31)
(16)
Purchases of equity investments
—
—
(3)
(3)
Cash used for investing activities
(19)
(8)
(34)
(19)
Financing Activities:
Proceeds from issuance of Senior Notes
—
—
1,986
—
Payment of deferred financing costs
(8)
—
(8)
—
Payment of dividends
(18)
—
(18)
—
Net transfers from (to) Former Parent
5
(138)
(2,006)
(328)
Payments related to loan from related parties
—
—
—
(18)
Contingent consideration payments
—
—
—
(2)
Cash used for financing activities
(21)
(138)
(46)
(348)
Effect of exchange rate changes on cash
—
1
(1)
2
Net change in cash and cash equivalents
165
(1)
313
12
Cash and cash equivalents at beginning of period
186
40
38
27
Cash and cash equivalents at end of period
$351
$39
$351
$39
Exhibit 4
Mobility Global Inc.
Operating Results by Segment (1)
Three and nine months ended September 30, 2026 and 2025
(dollars in millions)
(unaudited)
Three months ended September 30, 2026
CARFAX
B2B
Corporate
Total
Revenue
$313
$164
$—
$478
Expenses:
Operating-related expenses
48
57
—
105
Selling and general expenses
115
65
23
203
Depreciation and amortization
49
29
—
78
Total expenses
212
151
23
386
Operating profit
101
13
(23)
92
Adjusted EBITDA
$153
$45
$(4)
$195
(unaudited)
Three months ended September 30, 2025
CARFAX
B2B
Corporate
Total
Revenue
$291
$154
$—
$445
Expenses:
Operating-related expenses
65
64
—
129
Selling and general expenses
84
40
11
135
Depreciation and amortization
50
27
—
77
Total expenses
199
131
11
341
Operating profit
92
23
(11)
104
Adjusted EBITDA
$146
$52
$(7)
$191
(unaudited)
Nine months ended September 30, 2026
CARFAX
B2B
Corporate
Total
Revenue
$923
$477
$—
$1,401
Expenses:
Operating-related expenses
184
191
—
375
Selling and general expenses
299
181
58
538
Depreciation and amortization
149
84
—
233
Total expenses
632
456
58
1,146
Operating profit
291
21
(58)
255
Adjusted EBITDA
$446
$147
$(13)
$581
Exhibit 4
(unaudited)
Nine months ended September 30, 2025
CARFAX
B2B
Corporate
Total
Revenue
$855
$449
$—
$1,304
Expenses:
Operating-related expenses
195
193
—
388
Selling and general expenses
252
121
27
400
Depreciation and amortization
150
82
—
232
Total expenses
597
396
27
1,020
Operating profit
258
53
(27)
284
Adjusted EBITDA
$418
$145
$(15)
$548
(1) Numbers may not sum due to rounding.
Exhibit 5
Mobility Global Inc.
Non-GAAP Financial Information
(amounts in millions, except per share amounts)
Adjusted EBITDA (1)
(unaudited)
Three months ended September 30, 2026
CARFAX
B2B
Corporate
Total
Net income (GAAP)
$42
Interest expense and other, net
26
Provision for income taxes
24
Operating profit (GAAP)
101
13
(23)
92
Adjusted to add:
Amortization of intangibles
47
27
—
74
Depreciation
2
2
—
4
Stock-based compensation
3
3
3
9
Transaction costs
—
—
16
16
Adjusted EBITDA
$153
$45
$(4)
$195
% Net income margin
9%
% Adjusted EBITDA margin
49%
27%
N/M
41%
(unaudited)
Three months ended September 30, 2025
CARFAX
B2B
Corporate
Total
Net income (GAAP)
$71
Interest expense and other, net
4
Provision for income taxes
29
Operating profit (GAAP)
92
23
(11)
104
Adjusted to add:
Amortization of intangibles
48
26
—
74
Depreciation
2
1
—
3
Stock-based compensation
4
3
—
7
Transaction costs
—
—
3
3
Employee severance charges and other
—
(1)
1
—
Adjusted EBITDA
$146
$52
$(7)
$191
% Net income margin
16%
% Adjusted EBITDA margin
50%
34%
N/M
43%
Exhibit 5
(unaudited)
Nine months ended September 30, 2026
CARFAX
B2B
Corporate
Total
Net income (GAAP)
$150
Interest expense and other, net
36
Provision for income taxes
69
Operating profit (GAAP)
291
21
(58)
255
Adjusted to add:
Amortization of intangibles
142
80
—
222
Depreciation
7
4
—
11
Stock-based compensation
6
9
3
18
Transaction costs
—
33
40
73
Employee severance charges and other
—
—
2
2
Adjusted EBITDA
$446
$147
$(13)
$581
% Net income margin
11%
% Adjusted EBITDA margin
48%
31%
N/M
41%
(unaudited)
Nine months ended September 30, 2025
CARFAX
B2B
Corporate
Total
Net income (GAAP)
$194
Interest expense and other, net
11
Provision for income taxes
79
Operating profit (GAAP)
258
53
(27)
284
Adjusted to add:
Amortization of intangibles
143
79
—
222
Depreciation
7
3
—
10
Stock-based compensation
9
7
—
16
Transaction costs
—
—
5
5
Employee severance charges and other
1
3
7
11
Adjusted EBITDA
$418
$145
$(15)
$548
% Net income margin
15%
% Adjusted EBITDA margin
49%
32%
N/M
42%
(1) Numbers may not sum due to rounding.
Exhibit 5
Adjusted Net Income and Adjusted Diluted Earnings Per Share
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Net income (GAAP)
$42
$71
$150
$194
Amortization of intangibles
74
74
222
222
Stock-based compensation
9
7
18
16
Transaction costs
16
3
73
5
Employee severance and other
—
—
2
11
Adjustments for tax effect (1)
(22)
(24)
(84)
(73)
Adjusted Net income (non-GAAP)
$119
$131
$381
$375
Weighted-average diluted shares outstanding
296
295
295
295
Diluted earnings per share (GAAP)
$0.14
$0.24
$0.51
$0.66
Amortization of intangibles
0.25
0.25
0.75
0.75
Stock-based compensation
0.03
0.02
0.06
0.05
Transaction costs
0.05
0.01
0.25
0.02
Employee severance and other
—
—
0.01
0.04
Adjustments for tax effect (1)
(0.07)
(0.08)
(0.28)
(0.25)
Adjusted diluted earnings per share (non-GAAP)
$0.40
$0.44
$1.29
$1.27
(1) Reflects the aggregate tax effect of adjustments of the line items above at an assumed effective tax rate which approximates the
blended federal and state tax rates, and consistently excludes the impact of other tax credits and incentive benefits realized.
Exhibit 5
Organic Constant Currency (1)
(unaudited)
CARFAX
B2B
Total
$
Change %
$
Change %
$
Change %
Revenue for the Three Months
Ended September 30, 2025
291
154
445
Organic business (2)
23
7.9%
10
6.5%
34
7.6%
Foreign currency translation (3)
(1)
(0.3)%
—
—%
(1)
(0.2)%
Total Revenue growth
$22
7.6%
$10
6.5%
$33
7.4%
Three Months Ended September
30, 2026
$313
$164
$478
(unaudited)
CARFAX
B2B
Total
$
Change %
$
Change %
$
Change %
Revenue for the Nine Months
Ended September 30, 2025
855
449
1,304
Organic business (2)
66
7.7%
26
5.8%
93
7.1%
Foreign currency translation (3)
2
0.2%
2
0.4%
4
0.3%
Total Revenue growth
$68
8.0%
$28
6.2%
$97
7.4%
Nine Months Ended September
30, 2026
$923
$477
$1,401
(1) Numbers may not sum due to rounding.
(2) Represents revenue growth excluding the impact of foreign currency translation.
(3) Represents the difference between current year revenue valued at the actual prior year foreign exchange rates and current year revenue
valued at current year foreign exchange rates.
Computation of Free Cash Flow
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Cash provided by operating activities
205
144
394
377
Capital expenditures
(19)
(8)
(31)
(16)
Free cash flow
$186
$136
$363
$361
Exhibit 5
Non-GAAP Financial Measures - Definitions
Organic Constant Currency, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net income, Adjusted
Diluted earnings per share, and Free cash flow
Organic Constant Currency is a non-GAAP measure and is defined as our GAAP revenue adjusted to exclude
the impact of foreign currency translation and of acquisitions and divestitures. Adjusted EBITDA is a non-
GAAP measure and is defined as our GAAP net income adjusted to exclude (1) interest expense and other, net,
(2) provisions for income taxes, (3) depreciation and amortization, (4) stock-based compensation, (5) 
transaction costs related to the stand-up of the Spin Business in connection with the Separation, and (6)
employee severance charges and other costs that are not representative of the underlying economics of the
periods presented. Net income is the most directly comparable GAAP financial measure to Adjusted EBITDA.
Adjusted EBITDA Margin is a non-GAAP measure and refers to Adjusted EBITDA divided by GAAP revenue.
Adjusted Net income is a non-GAAP measure and is defined as our GAAP net income adjusted to exclude (1)
amortization of intangibles, (2) stock-based compensation, (3) separation-related and transaction costs related to
the stand-up of the Spin Business in connection with the Separation, (4) employee severance charges and other
costs that are not representative of the underlying economics of the periods presented, and (5) tax effects of the
adjustments listed above using an assumed effective tax rate. Net income is the most directly comparable GAAP
financial measure to Adjusted Net income. Adjusted diluted earnings per share is a non-GAAP measure and
refers to diluted earnings per share calculated using Adjusted Net income as opposed to GAAP net income. Free
cash flow is a non-GAAP financial measure and reflects our cash provided by operating activities less capital
expenditures.
As used herein, the “Spin Business” refers to the business of S&P Global and its subsidiaries with respect to
providing analytics, marketing, planning solutions, reports, forecasts and vehicle history data for the automotive
sector, which, prior to the Separation, operated under the S&P Global Mobility division.  The term “Separation”
refers to the separation of the Spin Business from S&P Global and the creation of an independent, publicly
traded company, Mobility Global.