Newmark Group earnings date
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Newmark Group (NMRK) Q3 2026 Earnings Report
NMRK Q3 2026 EPS Results
- Actual EPS
- $0.48
- Consensus EPS
- $0.47
- Beat/Miss
- Beat by +$0.01
- One Year Ago EPS
- $0.42
NMRK Q3 2026 Revenue Results
- Actual Revenue
- $968.98M
- Expected Revenue
- $952.70M
- Beat/Miss
- Beat by +$16.27M
- YoY Revenue Growth
- +6.86%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/29/2026
- Time
- Before Open
- Conference Call
- Thursday, October 29, 2026
Newmark Group's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive, supported by record third-quarter revenue, double-digit growth in Management Services, Servicing Fees, and Leasing, higher adjusted EPS and EBITDA, market-share gains, strong recurring-revenue expansion, continued investment, and expectations for record full-year 2026 results. The main challenges were macroeconomic volatility, slower and less certain transaction closings, lower Capital Markets and GSE activity, higher expense and tax rates, expected moderation in Leasing growth, and a wide range of potential 2027 outcomes. Highlights significantly outweighed the lowlights.
For 2026, Newmark expects total revenues between $3.7 billion and $3.8 billion, an increase of 12%-15%; adjusted EBITDA in the range of $629 million-$667 million, an increase of 12%-19%; an adjusted earnings tax rate between 13% and 15% versus 11.4%; and adjusted EPS between $1.80 and $1.90, up 11%-17%, which would be Newmark's best ever full-year revenue, adjusted EBITDA, and adjusted EPS performance. For 2027, it is too early to discuss guidance; the company expects the fundamentals of its recurring businesses to remain strong and continue to expect double-digit growth, Leasing volumes to improve, albeit with single-digit gains, and industry Capital Markets volumes to be down through at least the first half of next year; excluding any new acquisitions, it currently believes 2027 earnings will be ±10% as compared with its record 2026 results.
- Record Third-Quarter RevenueTotal revenues increased 12.7% to an all-time third-quarter record of $973.2 million, compared with $863.5 million in the year-earlier period.
- Management Services and Servicing GrowthManagement Services, Servicing Fees, and Other increased 18.3%, driven by robust organic growth in outsourcing businesses, strong same-store improvement in Valuation & Advisory, and six acquisitions completed since the third quarter of last year. Management and servicing produced the company's fifth consecutive record quarter.
- Record Leasing PerformanceLeasing revenue increased 26.5%, resulting in the company's all-time best third quarter. Growth reflected higher fees from industrial and office activity across several key West Coast markets and Texas, with additional demand from artificial intelligence, data centers, technology, manufacturing, legal services, aerospace, defense, and healthcare.
- Strong Investment Sales VolumesNewmark's investment sales volumes increased 33.4%, led by senior housing and affordable housing as well as higher industrial and retail volumes.
- Adjusted Earnings and EBITDA GrowthAdjusted EPS increased 14.3% to $0.48 from $0.42, while adjusted EBITDA increased 14.6% to $166.4 million from $145.2 million.
- Improved Cash Flow and Lower Employee Loan IssuanceTrailing 12-month adjusted free cash flow increased 16% to $336.8 million. Management also stated in the Q&A that trailing 12-month free cash flow was up almost 36%. Employee loan issuance declined 36.9% in the first nine months of the year compared with the prior-year period, and management expects this trend to continue for the foreseeable future.
- Share Repurchases and Strong Balance SheetNewmark ended the quarter with $240 million of cash and cash equivalents, $877.5 million of total corporate debt, and 1x net leverage. The company repurchased 3.9 million shares for $59.4 million, and the board reauthorized its $400 million buyback program on October 28, 2026. Management anticipates further share repurchases.
- Market Share GainsNewmark increased its share of U.S. commercial and multifamily originations from under 2% in 2014 to around 10% currently, and moved from number 10 in U.S. investment sales in 2014 to number two for the first nine months of 2026. Over the trailing 12 months, it gained over 70 basis points of combined Fannie Mae and Freddie Mac market share year-on-year.
- Expansion of Recurring Revenue BusinessesRecurring businesses, including property, project and facility management, loan servicing and asset management, consulting, technology advisory, lease administration, and managed services, increased from 24% of total revenue in 2017 to around 40% year-to-date. Management expects Management and Servicing to produce more than $2 billion of annual revenue in 2029, implying double-digit growth.
- International Expansion OpportunityNewmark plans further expansion of its global footprint across nearly all service lines over the coming 18-24 months. Approximately 13% of its top line currently comes from outside the U.S., compared with more than double or triple that percentage for large full-service peers. Management said the expansion has led to Occupier Solutions competing in more pitches and receiving more mandates.
- Active Transaction PipelineManagement described transaction pipelines as active and robust. In the data center market, the pipeline was described as 'incredibly robust'; projects were being pushed rather than abandoned, and management said nobody had walked from the table. Large institutional portfolio, M&A, and investment sales transactions were also continuing to move forward despite taking longer to close.
- Data Center Leasing MomentumManagement said Newmark completed several data center leases during the quarter and that this part of the business appears to be ramping up. The company continues to see substantial opportunity in powered land and related data center leasing activity.
- Continued Investment in the PlatformNewmark said it will continue investing in Management Services, cross-selling, its global platform, and recurring businesses. Management also said the company will continue to invest and grow despite a potentially choppier Capital Markets environment.
- Shift Toward Recurring-Revenue M&AAfter building out its U.S. platform and filling major talent gaps, Newmark shifted the majority of its capital allocation toward M&A, primarily in recurring-revenue businesses. The company acquired six companies in the past year, all believed to be in Management Services, Servicing Fees, and Other.
- Record Full-Year 2026 OutlookDespite revising its outlook, Newmark expects its best-ever full-year revenue, adjusted EBITDA, and adjusted EPS performance. The updated ranges are revenue of $3.7 billion-$3.8 billion, up 12%-15%; adjusted EBITDA of $629 million-$667 million, up 12%-19%; and adjusted EPS of $1.80-$1.90, up 11%-17%.
NMRK Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 18, 2027 | 2026 (Q4) | 0.69- | 0.68 | ― | ― |
| Oct 29, 2026 | 2026 (Q3) | 0.470.48 | 0.42 | 14.29% (+0.06) | |
| Jul 29, 2026 | 2026 (Q2) | 0.390.39 | 0.31 | 25.81% (+0.08) | |
| Apr 30, 2026 | 2026 (Q1) | 0.270.33 | 0.21 | 57.14% (+0.12) | |
| Feb 25, 2026 | 2025 (Q4) | 0.660.68 | 0.55 | 23.64% (+0.13) | |
| Oct 30, 2025 | 2025 (Q3) | 0.400.42 | 0.33 | 27.27% (+0.09) | |
| Jul 30, 2025 | 2025 (Q2) | 0.250.31 | 0.22 | 40.91% (+0.09) | |
| Apr 30, 2025 | 2025 (Q1) | 0.190.21 | 0.15 | 40.00% (+0.06) | |
| Feb 14, 2025 | 2024 (Q4) | 0.480.55 | 0.46 | 19.57% (+0.09) | |
| Nov 05, 2024 | 2024 (Q3) | 0.300.33 | 0.27 | 22.22% (+0.06) |
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.
