Marcus & Millichap reported third quarter 2026 revenue of $208.4 million, up 7.5% from a year earlier, and net income of $1.0 million, or $0.03 per diluted share, compared with $0.2 million, or $0.01, in the third quarter of 2025. The company said the results are preliminary until it files its Form 10-Q, and it expects near-term challenges in the commercial real estate market to extend through 2026.
Total revenue was $208.4 million versus $193.9 million; brokerage commissions rose 7.4% to $174.1 million, with Middle Market and Larger Transaction Market brokerage revenue up 18.1%.
Adjusted EBITDA was $8.2 million versus $6.9 million; cost of services rose to 64.0% of total revenue, up 160 basis points.
Nine-month revenue was $582.8 million, up 14.0%, and nine-month net income was $1.8 million, or $0.05 per diluted share, compared with a net loss of $15.2 million.
The company repurchased 912,957 shares for $23.9 million in the first nine months and had about $90.1 million remaining under its repurchase program as of November 3, 2026.
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From Marcus & Millichap, Inc.'s 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$755.16M
+8.5%
$-0.05
—
-0.3%
FY2024
$696.06M
+7.8%
$-0.32
—
-1.8%
FY2023
$645.93M
-50.4%
$-0.88
-134.0%
-5.3%
FY2022
$1.30B
+0.4%
$2.59
-27.0%
8.0%
FY2021
$1.30B
+80.8%
$3.55
+228.7%
11.0%
Frequently asked questions
When is Marcus & Millichap's next earnings date?
Marcus & Millichap (MMI) is scheduled to report on Friday, November 06, 2026 before the market opens.
What did Marcus & Millichap earn last quarter?
For the quarter ended Sep 2026, Marcus & Millichap reported diluted EPS of $0.03 (+200.0% year over year) on revenue of $208.37M (+7.5%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.