Marcus & Millichap Q2 revenue falls 2.8% to $158.4 million; net loss narrows
Marcus & Millichap reported second-quarter 2024 results, with total revenue down 2.8% to $158.4 million while its net loss narrowed to $5.5 million from $8.7 million a year earlier. The company said these results are preliminary until it files its Form 10-Q, and it declared a semi-annual dividend of $0.25 per share, or about $10.2 million.
Key points
- Q2 2024 total revenue was $158.4 million, down from $162.9 million, a decrease of 2.8%.
- Net loss was $5.5 million, or $0.14 per diluted share, versus $8.7 million, or $0.23 per diluted share, a year earlier.
- Real estate brokerage commissions fell 3.5% to $135.4 million, as total sales volume decreased 4.9%.
- The Board declared a $0.25 per share dividend on August 1, 2024, payable October 4, 2024, with about $71.0 million left under the repurchase program.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.