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Marcus & Millichap Earnings Calls
| Release date | May 07, 2026 |
| EPS estimate | -$0.0800 |
| EPS actual | -$0.0800 |
| Revenue estimate | 162.2M |
| Revenue actual | 171.5M |
| Revenue Surprise | 5.73% |
| Release date | Feb 13, 2026 |
| EPS estimate | $0.215 |
| EPS actual | $0.340 |
| EPS Surprise | 58.14% |
| Revenue estimate | 229.45M |
| Revenue actual | 243.95M |
| Revenue Surprise | 6.32% |
| Release date | Nov 07, 2025 |
| EPS estimate | $0.240 |
| EPS actual | $0.0900 |
| EPS Surprise | -62.50% |
| Revenue estimate | 239.7M |
| Revenue actual | 193.892M |
| Revenue Surprise | -19.11% |
| Release date | Aug 07, 2025 |
| EPS estimate | -$0.0200 |
| EPS actual | -$0.280 |
| EPS Surprise | -1,300.00% |
| Revenue estimate | 186.15M |
| Revenue actual | 172.276M |
| Revenue Surprise | -7.45% |
Last 4 Quarters for Marcus & Millichap
Below you can see how MMI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 07, 2025 |
| Price on release | $28.74 |
| EPS estimate | -$0.0200 |
| EPS actual | -$0.280 |
| EPS surprise | -1,300.00% |
| Date | Price |
|---|---|
| Aug 01, 2025 | $30.69 |
| Aug 04, 2025 | $31.22 |
| Aug 05, 2025 | $32.00 |
| Aug 06, 2025 | $32.23 |
| Aug 07, 2025 | $28.74 |
| Aug 08, 2025 | $29.07 |
| Aug 11, 2025 | $29.17 |
| Aug 12, 2025 | $29.94 |
| Aug 13, 2025 | $31.19 |
| 4 days before | -6.35% |
| 4 days after | 8.52% |
| On release day | 1.15% |
| Change in period | 1.63% |
| Release date | Nov 07, 2025 |
| Price on release | $29.27 |
| EPS estimate | $0.240 |
| EPS actual | $0.0900 |
| EPS surprise | -62.50% |
| Date | Price |
|---|---|
| Nov 03, 2025 | $29.35 |
| Nov 04, 2025 | $29.41 |
| Nov 05, 2025 | $30.92 |
| Nov 06, 2025 | $29.48 |
| Nov 07, 2025 | $29.27 |
| Nov 10, 2025 | $30.15 |
| Nov 11, 2025 | $31.01 |
| Nov 12, 2025 | $30.32 |
| Nov 13, 2025 | $29.25 |
| 4 days before | -0.273% |
| 4 days after | -0.0683% |
| On release day | 3.01% |
| Change in period | -0.341% |
| Release date | Feb 13, 2026 |
| Price on release | $25.85 |
| EPS estimate | $0.215 |
| EPS actual | $0.340 |
| EPS surprise | 58.14% |
| Date | Price |
|---|---|
| Feb 09, 2026 | $26.60 |
| Feb 10, 2026 | $27.22 |
| Feb 11, 2026 | $26.12 |
| Feb 12, 2026 | $25.01 |
| Feb 13, 2026 | $25.85 |
| Feb 17, 2026 | $25.01 |
| Feb 18, 2026 | $25.74 |
| Feb 19, 2026 | $25.65 |
| Feb 20, 2026 | $25.76 |
| 4 days before | -2.82% |
| 4 days after | -0.348% |
| On release day | -3.25% |
| Change in period | -3.16% |
| Release date | May 07, 2026 |
| Price on release | $29.55 |
| EPS estimate | -$0.0800 |
| EPS actual | -$0.0800 |
| Date | Price |
|---|---|
| May 01, 2026 | $27.70 |
| May 04, 2026 | $27.46 |
| May 05, 2026 | $28.67 |
| May 06, 2026 | $28.99 |
| May 07, 2026 | $29.55 |
| May 08, 2026 | $30.42 |
| May 11, 2026 | $30.23 |
| May 12, 2026 | $30.08 |
| May 13, 2026 | $29.46 |
| 4 days before | 6.66% |
| 4 days after | -0.288% |
| On release day | 2.96% |
| Change in period | 6.35% |
Marcus & Millichap Earnings Call Transcript Summary of Q1 2026
Marcus & Millichap reported a strong start to 2026 with total revenue of $171.5M, up 18% year-over-year. Brokerage revenue rose ~12% to $138M (81% of revenue) on 1,348 transactions (+15%) and $7.9B volume (+19%); private client and larger $20M+ deals were key contributors. Financing revenue jumped 48% to $27M on $3.1B in originations (+60% volume) and nearly 400 finance transactions, with average deal size up 36%. Adjusted EBITDA improved materially to $3M versus a loss of $9M a year ago, reflecting operating leverage as expenses grew modestly (operating expense +9%). Balance sheet strength remains a differentiator: ~$335M cash and no debt. The company repurchased ~$23M of stock in Q1 and the board authorized an additional $70M (bringing available authorization to $90M); a semiannual dividend of $0.25 per share was paid. Headcount: 1,621 investment brokers (net +87 YoY) with more selective recruiting and expanded internship/fellowship paths; technology and AI investments are being deployed to scale broker productivity. Management sees continued transaction recovery and constructive CRE fundamentals (pricing resets, slowing new construction) but remains cautious on macro and geopolitical risks. Near term guidance: Q2 revenue expected to continue improving; cost of services targeted at ~62–63.5% of revenue; modest SG&A growth; tax expense estimated $0.5M–$1.5M for Q2.
