Newmark Group, Inc. Q2 2025 Earnings Recap

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.