Marcus & Millichap Inc (MMI) financials
Marcus & Millichap revenue and earnings by year
Marcus & Millichap's revenue was $755 million in the fiscal year to December 31, 2025, up 8.5% from the year before. Net income was -$1.91 million, -0.3% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 0.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.76 | 0.70 | 0.65 | 1.30 | 1.30 | 0.72 | 0.81 | 0.81 | 0.72 | 0.72 |
| Revenue growth | 8.5% | 7.8% | -50.4% | 0.4% | 80.8% | -11.1% | -1.0% | 13.2% | 0.3% | — |
| Operating income | -0.01 | -0.03 | -0.06 | 0.14 | 0.19 | 0.05 | 0.10 | 0.11 | 0.10 | 0.11 |
| Operating margin | -1.8% | -4.7% | -9.2% | 10.6% | 14.6% | 7.5% | 12.0% | 13.8% | 13.4% | 14.8% |
| Net income | -0.00 | -0.01 | -0.03 | 0.10 | 0.14 | 0.04 | 0.08 | 0.09 | 0.05 | 0.06 |
| Net margin | -0.3% | -1.8% | -5.3% | 8.0% | 11.0% | 6.0% | 9.5% | 10.7% | 7.2% | 9.0% |
| Diluted EPS | -$0.05 | -$0.32 | -$0.88 | $2.59 | $3.55 | $1.07 | $1.95 | $2.21 | $1.32 | $1.66 |
| Free cash flow | 0.06 | 0.01 | -0.08 | 0.00 | 0.25 | 0.03 | 0.02 | 0.11 | 0.06 | 0.07 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MMI in Markets.
How Marcus & Millichap makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Real Estate Brokerage Commissions | $167M | 82.3% |
| Financing Fees | $30.3M | 14.9% |
| Other Revenues | $5.65M | 2.8% |
See also: MMI valuation and P/E history · MMI returns
No forecast, no recommendation. This page describes Marcus & Millichap Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.