Newmark reported record third-quarter revenue, with growth in leasing and recurring service businesses. The commercial real estate adviser also revised its 2026 outlook, citing uncertainty over when transactions will close in a volatile macroeconomic environment, while still expecting double-digit growth in revenue, adjusted EBITDA and adjusted earnings per share for the year.
The company also declared a quarterly dividend. The announcement’s dividend amount and payment dates are not included in the material provided.
Key details
- Third-quarter revenue rose 12.7% from a year earlier to $973.2 million. Newmark’s chief executive said quarterly revenue reached a record.
- GAAP net income increased 5.3% to $67.4 million. GAAP diluted earnings per share were $0.27, up from $0.25 a year earlier.
- For the first nine months of 2026, revenue grew 18.4% to $2.71 billion. GAAP net income rose 42.5% to $114.1 million, and diluted earnings per share increased to $0.45 from $0.32.
- Leasing and recurring businesses posted double-digit gains, according to the company. Newmark said it is working toward more than $2 billion in annual Management and Servicing revenue by 2029.
- The 2026 outlook has been revised, but the revised figures are not included in the provided text. Management still expects double-digit full-year growth in revenue, adjusted EBITDA and adjusted EPS, and said it anticipates its best-ever full-year results for each measure.
- Newmark described its transaction pipelines as active and robust, while warning that macroeconomic volatility is making the timing and certainty of deal closings harder to predict.
What changes for investors
The results show higher revenue and earnings compared with both the third quarter and the first nine months of 2025. The outlook revision reflects greater uncertainty about when deals will close; management’s stated expectation for double-digit growth and record full-year results remains in place, but the release excerpt does not provide updated numerical guidance.