Newmark Group, Inc. Earnings Recaps
Q3 2025
Oct 31, 2025
Newmark Group delivered robust third-quarter results with a 25.9% increase in revenues year-over-year, driven by strong organic growth across all business lines and enhanced margins.
Key takeaways
- Total revenues reached $863.5 million, marking the fifth consecutive quarter of double-digit growth in both revenue and earnings.
- Adjusted EPS rose 27.3% to $0.42, with adjusted EBITDA increasing 28.9% to $145.2 million, while EBITDA margin improved to 16.8%.
- Capital Markets revenues surged 59.7%, reflecting a 129% increase in total debt volumes, far outpacing the industry average.
- Newmark continues to expand internationally, launching services in India and growing its global team, indicating strong momentum for future growth.
Q2 2025
Jul 30, 2025
Newmark Group delivered robust performance in Q2 2025, with total revenues increasing by 20% and adjusted EPS soaring by 41%, underscoring strong operating momentum across all business lines.
Key takeaways
- Total revenues reached $759.1 million, up 19.9% year-over-year, benefiting from significant growth in capital markets and leasing activities.
- Adjusted EPS improved to $0.31, reflecting a 40.9% increase, driven by enhanced operating leverage and a 32.1% rise in adjusted EBITDA.
- Newmark ranked as the leading office broker in the U.S. for the first half of 2025 and made significant gains in overall investment sales, moving up to #3 globally.
- The company raised its full-year 2025 revenue outlook to between $3.05 billion and $3.25 billion, expecting adjusted EPS to be between $1.47 and $1.57.
- Cash generation improved substantially with adjusted free cash flow up 121.4% year-over-year, reaching $228 million for the 12 months ended June 2025.