Newmark Reports Record Q3 Revenue, Raises Earnings 14% Year Over Year
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Newmark reported third-quarter 2026 revenue of $973.2 million, up 12.7% year over year, and Adjusted EPS of $0.48, up 14.3%. GAAP diluted EPS was $0.27, compared with $0.25 a year earlier. The company lowered its 2026 outlook, citing macroeconomic uncertainty around the timing of deal closings.
Financial Highlights
- Revenue: Third-quarter revenue was $973.2 million, an increase of 12.7% from $863.5 million.
- Operating income: Income from operations was $85.2 million, compared with $85.2 million a year earlier.
- Net income: Consolidated GAAP net income was $59.0 million; net income available to common stockholders was $48.9 million.
- Per-share earnings: GAAP diluted EPS was $0.27, while Adjusted EPS was $0.48, up 14.3% year over year.
- Adjusted EBITDA and outlook: Third-quarter Adjusted EBITDA rose 14.6% to $166.4 million. Newmark revised its 2026 outlook to revenue of $3.7 billion–$3.8 billion, Adjusted EPS of $1.80–$1.90, and Adjusted EBITDA of $629 million–$667 million.
Business Highlights
- Leasing recorded its strongest third quarter, with demand supported by clients in artificial intelligence, data centers, technology, manufacturing, legal services, aerospace and defense, and health care.
- Management, servicing, and other businesses delivered a fifth consecutive record quarter. Newmark expanded its combined servicing and asset management portfolio by 23.2% year over year.
- Newmark won a long-term property and project management assignment with 601W Companies, expected to cover more than 21 million square feet of U.S. office assets.
- Investment sales activity improved, particularly in multifamily, including seniors and affordable housing, as well as industrial and retail. Lower mortgage origination activity weighed on Capital Markets.
- S&P Global Ratings upgraded Newmark’s issuer credit rating to BBB- from BB+ on September 16, 2026. The company reported a 1.0x net leverage ratio at quarter-end.
Original SEC Filing: NEWMARK GROUP, INC. [ NMRK ] - 8-K - Oct. 29, 2026
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