Contact Us
Q2 2021 earnings

eXp World Holdings continues its blistering pace of growth and financial success by exceeding revenue of $1.0 billion in Q2 2021 — a new record — and announcing a cash dividend for its shareholders payable in Q3 2021. (Read press release here.)

eXp’s triple-digit percent increases in revenue, gross profit, net income and operating cash flow are testament to the company’s continued success in attracting top-producing agents, increasing 87% year-over-year to 58,263 agents at the end of Q2.

“This quarter reflects that by iterating and improving the overall value proposition for real estate professionals, we continue to attract top agents and brokers to the eXp platform and expand into new countries around the world at an accelerated pace,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “By extension, our substantial growth in agent count translated to exponential growth in transaction sides and volume closed. We are also continuing to focus on creating a quality community for highly productive individuals and teams both online and in real-life events around the world. It is gratifying to see eXp’s brokerage model support the careers of so many and is highly rewarding for me personally as well as our overall management team. Our decision as a board to declare a cash dividend is also a testament to how our agent-centric model has continued to mature and grow,” said Sanford. 

Highlights From Q2 Compared to One Year Ago

  • Revenue increased 183% to a record $1.0 billion.
  • Gross profit increased 133% to $79.9 million.
  • Net income increased 350% to $37.0 million, which included $20.4 million income tax provision benefit. Earnings per diluted share increased 300% to $0.24. 
  • Agents and brokers on the eXp Realty platform increased 87% to 58,263. 
  • Residential and commercial transaction sides closed increased 164% to 115,431.
  • Residential and commercial transaction volume increased 210% to $40.1 billion. 
  • Operating cash flow (a non-GAAP financial measure) increased 185% to $60.8 million.
  • As of June 30, 2021, cash and cash equivalents totaled $107.4 million, compared to $63.6 million as of June 30, 2020. The Company repurchased approximately $54.9 million of common stock during the second quarter of 2021.
  • The Company declared a cash dividend for the third quarter of 2021 of $0.04 per share on the company’s common stock. The dividend is payable on Aug. 30, 2021 to shareholders of record at the close of business on Aug. 16, 2021.
  • eXp Realty expanded into three new international locations in the second quarter of 2021, including Colombia, Spain and Israel, and announced plans to establish operations in Germany and Japan by the end of 2021. 
  • eXp Realty ended the second quarter of 2021 with a 70 global Net Promoter Score, a measure of agent satisfaction, through the Company’s intense focus on the agent experience. This compares to a 69 global Net Promoter Score at the end of the second quarter of 2020.

“Achieving the milestone of $1 billion in revenue during the second quarter is a testament to all of the forward-thinking agents leveraging our unique brokerage model,” said Jeff Whiteside, CFO and Chief Collaboration Officer of eXp World Holdings. “Through continued cash flow generation and diligent management of our balance sheet, we maintain the flexibility to invest in our platform while returning value to our shareholders through stock buybacks and dividends. As we continue to scale in the U.S. and globally, this strategic approach to capital allocation will enable us to maintain a strong competitive position while capitalizing on multiple growth avenues across our business.”


Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. These statements include, but are not limited to, statements about the continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; and revenue growth and financial performance. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.


Interested in jump-starting your real estate career? Learn how eXp Realty puts agents first.


These figures are not a guarantee, representation or projection of earnings or profits you can or should expect. They also do not include expenses incurred by agents in operating their businesses. eXp Realty makes no guarantee of financial success. Success with eXp Realty results only from successful sales efforts, which require hard work, diligence, skill, persistence, competence, and leadership. Your success will depend upon how well you exercise these qualities. Visit for average agent earnings and additional information about earning opportunities with eXp Realty.
Agent Careers