Marcus & Millichap Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Transaction-Based Revenues	736.43	674.21	626.65	1,283	1,281
Other Revenues	18.72	21.85	19.28	18.42	15.78
Revenue	755.16	696.06	645.93	1,302	1,296
Revenue Growth (YoY)	8.49%	7.76%	-50.38%	0.41%	80.84%
Cost of Revenue	470.49	431.47	406.65	850.89	840.21
Gross Profit	284.67	264.59	239.28	450.82	456.23
Selling, General & Admin	286.28	280.91	285.02	300.01	255.15
Depreciation & Amortization Expenses	12.1	16.59	13.63	13.41	11.72
Operating Income	-13.71	-32.91	-59.37	137.4	189.36
Interest Expense	-0.77	-0.81	-0.89	-0.71	-0.58
Other Non-Operating Income (Expense)	17.5	20.69	19.86	5.34	4.53
Total Non-Operating Income (Expense)	16.73	19.88	18.97	4.63	3.95
Pretax Income	3.02	-13.03	-40.4	142.03	193.3
Provision for Income Taxes	4.93	-0.67	-6.37	37.8	50.83
Net Income	-1.91	-12.36	-34.04	104.23	142.47
Net Income to Common	-1.91	-12.36	-34.04	104.23	142.47
Net Income Growth	-	-	-	-26.84%	232.58%
Shares Outstanding (Basic)	39	39	39	40	40
Shares Outstanding (Diluted)	39	39	39	40	40
Shares Change (YoY)	0.69%	0.05%	-3.80%	-0.00%	1.14%
EPS (Basic)	-0.05	-0.32	-0.88	2.61	3.57
EPS (Diluted)	-0.05	-0.32	-0.88	2.59	3.55
EPS Growth	-	-	-	-27.04%	228.70%
Shares Outstanding	38.42	38.86	38.41	39.26	39.69
Free Cash Flow	58.79	13.84	-81.8	1.96	249.05
Free Cash Flow Growth	324.72%	-	-	-99.21%	699.69%
Free Cash Flow Per Share	1.51	0.36	-2.12	0.05	6.20
Dividends Per Share	0.500	0.500	0.500	0.500	-
Gross Margin	37.70%	38.01%	37.04%	34.63%	35.19%
Operating Margin	-1.82%	-4.73%	-9.19%	10.56%	14.61%
Profit Margin	-0.25%	-1.78%	-5.27%	8.01%	10.99%
FCF Margin	7.78%	1.99%	-12.66%	0.15%	19.21%
EBITDA	19.72	8.67	-19.39	173.92	224.81
EBITDA Margin	2.61%	1.25%	-3.00%	13.36%	17.34%
EBIT	-13.71	-32.91	-59.37	137.4	189.36
EBIT Margin	-1.82%	-4.73%	-9.19%	10.56%	14.61%
Effective Tax Rate	163.21%	5.11%	15.76%	26.62%	26.30%

Updated Feb 13, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

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