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EarningsQ2 2026 Earnings Report
NMRK Q2 2026 EPS Results
Actual EPS$0.39
Consensus EPS$0.39
Beat/MissBeat by +<$0.01
One Year Ago EPS$0.31
NMRK Q2 2026 Revenue Results
Actual Revenue$889.30M
Expected Revenue$865.24M
Beat/MissBeat by +$24.06M
YoY Revenue Growth+18.91%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
NMRK Upcoming Earnings
Newmark Group's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
NMRK Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: double-digit revenue growth, meaningful EPS and EBITDA expansion, large free cash flow improvement, market share gains and successful M&A integration. Management tempered enthusiasm with caution around timing of large transactions, near-term expense and margin impacts from growth initiatives and unchanged guidance due to tougher H2 comps and macro uncertainty. Overall, positives (robust growth, cash generation and market share) materially outweigh the headwinds (timing uncertainty, investment-driven expense pressure and sector-specific frictions).Company Guidance
Strong Revenue Growth
Total revenues increased 17.0% year-over-year to $888.4 million (Q2 2026 vs $759.1 million), an all-time second-quarter record.
Robust Profitability Gains
Adjusted EPS rose 25.8% year-over-year to $0.39 (from $0.31); adjusted EBITDA increased 22.1% to $139.2 million (from $114.0 million).
Margin Expansion
Adjusted EBITDA margin on total revenues improved by ~65 basis points in the quarter (with greater theoretical expansion if excluding pass-through, M&A and international growth investments).
Recurring Revenue and Segment Strength
Management, servicing and other grew 17.7% and leasing fees increased 17.2% (leasing described as an all-time best Q2), reflecting double-digit organic growth across recurring businesses and higher office volumes in NYC, SF Bay Area and LA.
Capital Markets Recovery and Market Share Gains
Capital markets revenues grew 16%; multifamily, senior housing and affordable housing sales were notably strong. Newmark moved up to #2 in overall U.S. investment sales for H1 2026 (MSCI).
Debt and Investment Sales Momentum
First half 2026 total debt and investment sales volumes improved by 26.7% and 64.8%, respectively, versus a year earlier; management reports a strong pipeline.
Free Cash Flow Strength
Trailing 12-month adjusted free cash flow increased 71.6% to $391.1 million, representing 85.3% of adjusted earnings (at the high end of the target 65%-85% range).
Healthy Balance Sheet Metrics
Quarter-end cash and cash equivalents of $259.7 million, total corporate debt of $867.3 million and net leverage of ~1x.
Share Count Stability
Fully diluted weighted average share count was roughly flat year-over-year at 251.9 million, supporting EPS improvement.
Successful M&A Integration
Recent acquisition (RealFoundations) has been successfully integrated with meaningful cross-selling into managed services and consulting, supporting recurring revenue expansion.
Positive Outlook and Guidance
Guidance unchanged with midpoints implying ~16% total revenue growth, ~19% adjusted EPS growth and ~20% adjusted EBITDA growth for the full year 2026, and management remains confident in producing >$2 billion annual revenue by 2029 (mid-teens CAGR implied).
Strategic Positioning on AI and International Expansion
Management positions AI as a productivity accelerant and is investing in recurring revenue businesses and international expansion to drive long-term growth and market-share gains.
NMRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed