Newmark Group Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue reached a record $973.2M, with strong growth in management and servicing and Leasing. Revised FY26 guidance still implies record revenue, adjusted EBITDA, and adjusted EPS, while rate volatility clouds Capital Markets and 2027 outcomes.
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The meeting confirmed a quorum, elected all nominated directors, ratified the independent auditor, and approved executive compensation and annual advisory votes. Stockholders were invited to submit questions, with responses to be provided during or after the meeting.
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Revenue and earnings grew double digits year-over-year, led by management, servicing, and leasing. Guidance remains unchanged, with strong pipelines in Capital Markets, multifamily, and data centers. Margin expansion and robust free cash flow support ongoing M&A and strategic growth.
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Q1 2026 saw 27% revenue and 57% Adjusted EPS growth, with record results across all major segments. Full-year guidance was raised, supported by strong pipelines, robust cash flow, and continued expansion in data centers and infrastructure management.
Fiscal Year 2025
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Record Q4 and full-year results with double-digit revenue and earnings growth, driven by strong leasing, capital markets, and recurring revenues. 2026 guidance calls for continued double-digit growth, with AI and digital infrastructure trends providing additional tailwinds.
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The meeting confirmed a quorum, re-elected all board nominees, ratified Ernst & Young as auditors, and approved executive compensation. No shareholder questions were submitted, and risks related to forward-looking statements were highlighted.
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Record quarterly revenue and earnings growth driven by double-digit gains across all business lines, robust international expansion, and strong recurring revenue performance. Raised 2025 guidance with continued margin improvement and confidence in exceeding 2026 targets.
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Q2 2025 saw 20% revenue growth and 41% higher adjusted EPS, with strong gains across all business lines and global expansion. Raised 2025 guidance for revenue, EPS, and EBITDA, and introduced Adjusted Free Cash Flow as a key metric.
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Q1 2025 saw revenues rise 21.8% and adjusted EPS jump 40%, with double-digit growth across all major business lines. Guidance remains cautious due to macro uncertainty, but strong pipelines and recurring revenues provide visibility for the year.
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The session highlighted robust growth, a unique talent-focused model, and a strategic push into high-margin, scalable services. Management expects strong sector recovery by 2026, with continued investment in human capital and bolt-on acquisitions to drive market share.
Fiscal Year 2024
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Double-digit revenue growth and margin expansion were achieved across all major business lines in Q4 2024, with strong guidance for 2025 and 2026. Heavy investment in talent, robust pipelines, and international expansion support continued growth, while capital returns and leadership transitions are underway.
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Q3 2024 saw double-digit revenue and earnings growth, driven by strong capital markets, mortgage brokerage, and international expansion. Guidance for 2024 was raised, with robust pipelines in capital markets and leasing, and a significant increase in share buybacks.
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Q2 2024 saw 8.1% revenue growth, 22.2% adjusted EPS growth, and strong gains in capital markets, leasing, and management services. Guidance for 2024 remains unchanged, with robust pipelines and a 50% EBITDA growth target by 2026.