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Newmark Group (NMRK) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Newmark Group (NMRK) Q3 2026 earnings results →
Q3 2026 Revenue up 13% year over year to $973M · 5¢ of every $1 of revenue kept as net profit · operating margin 8.8%
Newmark Group made $973M in Q3 2026 (+13% Y/Y): Management Services, Servicing Fees and Other $376M, Leasing and Other Commissions $309M, Capital Markets $288M. Operating margin 8.8%, net earnings $48.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $973.2M in Q3 2026, up 13% year over year and up 10% from the previous quarter. Management Services, Servicing Fees and Other was the largest line at 39% of revenue. Leasing and Other Commissions added $64.6M year over year (up 26%), 59% of the total change. Capital Markets declined 4%.
Operating profit was $85.2M, a 8.8% margin (down 1.1 points year over year). Of the extra revenue versus Q3 2025, 0% reached operating profit, below the 10% margin then. Total costs grew 14% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $48.9M, up 6% year over year. The effective tax rate was 23.4%.
Operating cash flow was −$290.3M. Non-cash charges added back $45.1M of depreciation and amortization. Working capital and other items used $394.3M. Capital expenditures of $16.2M exceeded it, leaving free cash flow of −$306.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $973M | +13% | 8.8% | $48.9M | −$290M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $888M | +17% | 4.5% | $19.7M | $362M |
| Q1 2026 | 10-Q | May 8, 2026 | $847M | +27% | 3.2% | $14.4M | −$248M |
| Q4 2025 | 10-K | Mar 2, 2026 | $1.0B | +15% | 12.3% | $68.0M | $619M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $863M | +26% | 9.9% | $46.2M | $113M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $759M | +20% | 5.6% | $20.8M | −$380M |
| Q1 2025 | 10-Q | May 9, 2025 | $665M | +22% | -2.6% | −$15.9M | −$179M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Newmark Group
Throughout this document Newmark Group, Inc., and where applicable, its consolidated subsidiaries, is referred to as “Newmark,” “Company,” “we,” “us,” or “our.” Newmark is a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers. We offer a diverse array of integrated services and products designed to meet the full needs of our clients.
In its own words, from its 10-K, filed Mar 2, 2026.
Newmark Group against its Real Estate Agents & Managers (For Others) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +12%. Operating margin: 8.8% against the peers' median 0.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NMRK Newmark Group | Q3 2026 | $973M | +13% | 8.8% |
| JLL Jones Lang Lasalle | Q3 2026 | $7.3B | +12% | 5.4% |
| COMP Compass | Q3 2026 | $3.9B | +111% | 2.2% |
| AGNT Agnt | Q3 2026 | $1.4B | +6% | 0.2% |
| VAC Marriott Vacations Worldwide | Q3 2026 | $1.4B | +8% | 11.2% |
| OPEN Opendoor Technologies | Q3 2026 | $1.0B | +12% | -18.3% |
| REAX Real Remax Group | Q3 2026 | $728M | +28% | -9.9% |
| DOUG Douglas Elliman | Q2 2026 | $283M | +4% | -1.2% |
| MMI Marcus & Millichap | Q3 2026 | $208M | +8% | -0.4% |
Source: Newmark Group 10-Q on SEC EDGAR · CIK 1690680 · Real Estate Agents & Managers (For Others)
Guidance and outlook
13F: who owns NMRK and who is buying
More on NMRK
- How Newmark Group makes money: revenue by segment
- Newmark Group next earnings date and what analysts expect
- Newmark Group stock forecast, price target and fair value
- Who owns Newmark Group stock: holders, funds and Congress trades
- Newmark Group guidance and outlook
- Is Newmark Group a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Newmark Group guidance history: guided vs reported
- Newmark Group operating margin by quarter
- Newmark Group net income by quarter
- Newmark Group free cash flow by quarter
- Newmark Group Management Services, Servicing Fees and Other revenue by quarter
- Newmark Group Leasing and Other Commissions revenue by quarter
- Newmark Group Capital Markets revenue by quarter