Marcus & Millichap — Third Quarter 2026 Earnings Summary

Marcus & Millichap, Inc. reported third-quarter 2026 total revenue of $208.4 million, representing a 7.5% increase from the same period in 2025, driven by growth in both brokerage commissions and financing fees. The company achieved net income of $1.0 million, or $0.03 per diluted share, while Adjusted EBITDA rose to $8.2 million. For the nine-month period ended September 30, 2026, total revenue reached $582.8 million, a 14.0% year-over-year increase, resulting in net income of $1.8 million compared to a net loss in the prior year. Despite interest rate volatility and widening bid-ask spreads, the firm noted increased activity in the middle market and larger transaction segments, with total sales volume for the quarter reaching approximately $13.8 billion.