Newmark Reports Record Q2 Revenues, Reaffirms Double-Digit 2026 Growth Outlook
NMRK sits 21% above its 52-week low of $13.36.
Summary
Newmark posted record Q2 2026 revenues of $888.4 million, up 17% year-over-year, with Adjusted EPS of $0.39 beating expectations. The company reaffirmed its full-year guidance for double-digit top- and bottom-line growth, declared a $0.06 quarterly dividend, and highlighted $151 million in share repurchases during the first half.
Key Events · Earnings and Guidance · NMRK
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Record Q2 Revenues
Total revenues reached $888.4 million, a 17.0% increase year-over-year, driven by 17.2% growth in leasing, 16.0% in capital markets, and 17.7% in management and servicing fees.
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Strong Earnings Growth
Adjusted EPS rose 25.8% to $0.39, while Adjusted EBITDA increased 22.1% to $139.2 million. GAAP EPS was $0.11, flat year-over-year due to higher non-cash equity compensation and other adjustments.
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Reaffirmed 2026 Outlook
Management reiterated full-year guidance for total revenues of $3.775–$3.875 billion (15–18% growth) and Adjusted EPS of $1.87–$1.98 (15–22% growth), implying continued double-digit expansion.
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Capital Returns to Shareholders
Newmark repurchased 10.4 million shares in H1 2026 at an average price of $14.58, totaling $151.1 million, with $248.9 million remaining under its authorization. A quarterly dividend of $0.06 per share was declared.
Analysis · NMRK · Real Estate & Construction
Newmark delivered a strong second quarter with 17% revenue growth to $888.4 million, driven by double-digit gains across all major business lines. Adjusted EPS rose 26% to $0.39, and the company reaffirmed its full-year outlook for 15-18% revenue growth and 15-22% Adjusted EPS growth. The results underscore sustained momentum in leasing and capital markets, while the recurring management and servicing business hit a fourth consecutive quarterly record. With a healthy balance sheet (net leverage of 1.0x) and active share repurchases, Newmark is executing well against a backdrop of improving commercial real estate fundamentals.
At the time of this filing, NMRK was trading at $16.22 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $13.36 to $19.84. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.