Earnings Releases·Nov 5, 2026, 9:28 PM ET

Marcus & Millichap — Third Quarter 2026 Earnings Summary

Total revenue rose 7.5% year-over-year to $208.4 million in Q3 2026, driven by a 7.4% increase in brokerage commissions and a 2.6% rise in financing fees; nine-month revenue grew 14.0% to $582.8 million.
Net income improved significantly to $1.0 million ($0.03 per share) in Q3 2026 from $0.2 million ($0.01 per share) in the prior year, while nine-month net income turned profitable at $1.8 million compared to a $15.2 million loss in 2025.
Management anticipates near-term headwinds from interest rate volatility and wider bid/ask spreads extending through 2026, but forecasts increased sales activity in 2027 as loans mature and price adjustments facilitate transactions.
The company plans to pursue strategic acquisitions in 2027 and beyond, supported by a strong balance sheet, while maintaining capital return initiatives including a $0.25 semi-annual dividend and $90.1 million remaining in the share repurchase program.