Marcus & Millichap Inc (MMI)
NYSE:MMI
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0Last Year’s EPS
-0.28Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear momentum: double-digit revenue growth (18%), a strong financing business (+48% revenue, +60% volume), recovery in private and large-transaction markets, a positive adjusted EBITDA swing and improved operating leverage. These positives are tempered by remaining GAAP losses (net loss $3M), commission-rate pressure, ongoing refinancing and underwriting friction, headcount adjustments and macro/geopolitical uncertainty. On balance the operational and financial improvements materially outweigh the lingering challenges.Company Guidance
Strong Overall Revenue Growth
Total revenue of $171.5 million, an 18% increase year-over-year — the strongest first-quarter revenue growth in four years.
Brokerage Business Recovery
Brokerage revenue of $138 million, up 12% YoY and representing 81% of total revenue. Completed 1,348 brokerage transactions (+15%) for $7.9 billion in volume (+19%). Average transaction size rose to $5.9 million (+3%), and transactions per agent increased 11%. Investment broker headcount was 1,621, up 87 from prior year.
Financing Momentum and Scale
Financing revenue reached $27 million, a 48% increase YoY. Total financing volume grew 60% to $3.1 billion across 398 transactions (transaction count +18%). Average financing deal size increased 36% to $7.8 million. Acquisition financing rose to 61% of originations (from 50% a year ago).
Adjusted EBITDA Turnaround
Adjusted EBITDA improved to nearly $3 million from a loss of nearly $9 million in the prior-year quarter — more than $11 million of year-over-year improvement.
Large-Deal Segment Improvement
Revenue from transactions above $20 million was $25 million, a 25% increase YoY, signaling recovery in larger-transaction activity.
Private Client Market Recovery
Private client brokerage revenue of $88 million (+13% YoY), accounting for 64% of brokerage revenue. Private client transaction count rose 19% and dollar volume increased 22%.
Growth in Ancillary Services
Other revenue (leasing, consulting, advisory, ancillary) rose to $6.5 million (+98% YoY). Auction revenue nearly doubled and loan sales/IPA Capital Markets revenue increased 39%.
Improved Operating Leverage
Total operating expense increased just ~9% while revenue grew 18%. Cost of services improved to 60.4% of revenue (50 bps improvement) and SG&A dollars were essentially flat, reducing SG&A as a percentage of revenue to 42% from 49%.
Strong Balance Sheet & Shareholder Returns
Approximately $335 million in cash and no debt. Repurchased ~$23 million of common stock in the quarter; board authorized an additional $70 million for buybacks (bringing available authorization to $90 million). Declared semiannual dividend of $0.25 per share (~$10 million).
MMI 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
MMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $29.01 | $29.52 | +1.76% |
Feb 13, 2026 | $24.77 | $25.60 | +3.36% |
Nov 07, 2025 | $29.20 | $28.99 | -0.71% |
Aug 07, 2025 | $31.67 | $28.24 | -10.83% |
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 Aug 06, 2026, After Close (Confirmed).
What is Marcus & Millichap Inc (MMI) earnings time?
Marcus & Millichap Inc (MMI) earnings time is at Aug 06, 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.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMI EPS forecast?
MMI EPS forecast for the fiscal quarter 2026 (Q2) is 0.