Marcus & Millichap Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	759.64	736.43	674.21	626.65	1,283	1,281
Other Revenues	21.95	18.72	21.85	19.28	18.42	15.78
Revenue	781.59	755.16	696.06	645.93	1,302	1,296
Revenue Growth (YoY)	9.77%	8.49%	7.76%	-50.38%	0.41%	80.84%
Cost of Revenue	485.78	470.49	431.47	406.65	850.89	840.21
Gross Profit	295.81	284.67	264.59	239.28	450.82	456.23
Selling, General & Admin	285.95	286.28	280.91	285.02	300.01	255.15
Depreciation & Amortization Expenses	11.64	12.1	16.59	13.63	13.41	11.72
Operating Income	-1.78	-13.71	-32.91	-59.37	137.4	189.36
Interest Expense	-0.74	-0.77	-0.81	-0.89	-0.71	-0.58
Other Non-Operating Income (Expense)	17.29	17.5	20.69	19.86	5.34	4.53
Total Non-Operating Income (Expense)	16.55	16.73	19.88	18.97	4.63	3.95
Pretax Income	14.77	3.02	-13.03	-40.4	142.03	193.3
Provision for Income Taxes	15.36	4.93	-0.67	-6.37	37.8	50.83
Net Income	-0.59	-1.91	-12.36	-34.04	104.23	142.47
Net Income to Common	-0.59	-1.91	-12.36	-34.04	104.23	142.47
Net Income Growth	-	-	-	-	-26.84%	232.58%
Shares Outstanding (Basic)	39	39	39	39	40	40
Shares Outstanding (Diluted)	39	39	39	39	40	40
Shares Change (YoY)	-0.21%	0.69%	0.05%	-3.80%	-0.00%	1.14%
EPS (Basic)	-0.01	-0.05	-0.32	-0.88	2.61	3.57
EPS (Diluted)	-0.01	-0.05	-0.32	-0.88	2.59	3.55
EPS Growth	-	-	-	-	-27.04%	228.70%
Shares Outstanding	37.82	38.42	38.86	38.41	39.26	39.69
Free Cash Flow	82.57	58.79	13.84	-81.8	1.96	249.05
Free Cash Flow Growth	40.46%	324.72%	-	-	-99.21%	699.69%
Free Cash Flow Per Share	2.13	1.51	0.36	-2.12	0.05	6.20
Dividends Per Share	0.500	0.500	0.500	0.500	0.500	-
Gross Margin	37.85%	37.70%	38.01%	37.04%	34.63%	35.19%
Operating Margin	-0.23%	-1.82%	-4.73%	-9.19%	10.56%	14.61%
Profit Margin	-0.08%	-0.25%	-1.78%	-5.27%	8.01%	10.99%
FCF Margin	10.56%	7.78%	1.99%	-12.66%	0.15%	19.21%
EBITDA	30.96	19.72	8.67	-19.39	173.92	224.81
EBITDA Margin	3.96%	2.61%	1.25%	-3.00%	13.36%	17.34%
EBIT	-1.78	-13.71	-32.91	-59.37	137.4	189.36
EBIT Margin	-0.23%	-1.82%	-4.73%	-9.19%	10.56%	14.61%
Effective Tax Rate	103.97%	163.21%	5.11%	15.76%	26.62%	26.30%

Updated May 7, 2026. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

SEC Filings: 10-K · 10-Q