The earnings call revealed strong revenue and transaction growth, especially in the private client and financing segments, demonstrating resilience and strategic success. However, challenges remain with larger deal revenue declines and the impact of a significant legal reserve on operating expenses.
Company Guidance
During the third quarter of 2025, Marcus & Millichap reported a 15% increase in total revenue compared to Q3 2024, marking their fifth consecutive quarter of year-over-year revenue growth despite severe market disruptions. Adjusted EBITDA was reported at $7 million, up from breakeven in the prior year period, although this included a $4 million legal reserve. Transaction growth was robust at 25% for the company, outpacing an estimated market growth of 12%, with significant contributions from the private client brokerage business, which saw a 17% revenue increase and a 22% rise in transaction count. The financing division also exhibited strong growth with a 28% increase in revenue. The company added 29 investment brokers during the quarter, reflecting their focus on talent acquisition and retention. Despite challenges, such as lower large transaction volumes, Marcus & Millichap remains optimistic about market improvement, supported by a healthier pipeline and improved lending conditions.
Revenue Growth
Total revenue increased by 15% compared to Q3 2024, marking the fifth consecutive quarter of year-over-year revenue growth.
Transaction Growth
Transaction growth of 25% for Marcus & Millichap (MMI) compared to an estimated market growth of 12% in transactions over $2.5 million.
Private Client Brokerage Success
Private client brokerage business revenue was up 17%, with a 22% increase in the number of transactions.
Financing Revenue Increase
Financing revenue grew by 28% year-over-year due to improved lending conditions and effective leveraging of the lender network.
Auction Division Growth
The auction division accounted for an estimated 25% share of total U.S. commercial property auctions, closing 191 sales so far this year.
Marcus & Millichap (MMI) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
MMI Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2025
$29.48
$29.27
-0.71%
Aug 07, 2025
$31.98
$28.52
-10.82%
May 07, 2025
$29.16
$29.89
+2.50%
Feb 14, 2025
$36.72
$38.72
+5.45%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Marcus & Millichap Inc (MMI) report earnings?
Marcus & Millichap Inc (MMI) is schdueled to report earning on Feb 13, 2026, After Close (Confirmed).
What is Marcus & Millichap Inc (MMI) earnings time?
Marcus & Millichap Inc (MMI) earnings time is at Feb 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.