The combination of strong organic growth across all business segments, record volumes, and confident double-digit growth guidance suggests Newmark is gaining market share in commercial real estate services. Traders should monitor whether the company can maintain this momentum in a potentially challenging macro environment.
Price Chart
Executive Summary
Newmark Group reported strong Q4 and full-year 2025 results, achieving record revenues of $3.29 billion (up 20.3% YoY) and $1.62 Adjusted EPS (up 31.7% YoY). The company delivered double-digit growth across all major service lines and provided bullish 2026 guidance, projecting another year of double-digit top- and bottom-line growth with Adjusted EPS of $1.82-$1.92.
Key Financial Metrics
Key Facts
- Record Q4 revenue of $1.006 billion (up 15.3% YoY) and full-year revenue of $3.294 billion (up 20.3% YoY)
- Adjusted EPS of $0.68 in Q4 (up 24% YoY) and $1.62 for full-year 2025 (up 31.7% YoY)
- All three major service lines (Management & Servicing, Leasing, Capital Markets) surpassed $1 billion in annual revenue
- 2026 guidance calls for $3.7-$3.8 billion revenue (12-15% growth) and $1.82-$1.92 Adjusted EPS (12-19% growth)
- Company expects over 90% of 2026 earnings growth to be organic
Financial Impact
Revenue growth of $400-500 million and Adjusted EPS growth of $0.20-$0.30 in 2026
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Management Services, Servicing Fees, and Other | $1.2B | +12.4% |
| Leasing and Other Commissions | $1.0B | +16.9% |
| Capital Markets | $1.0B | +35.3% |
Risk Factors
- Commercial real estate market downturn could impact transaction volumes
- Guidance assumes no meaningful changes in stock price and excludes acquisitions after Q1 2026
- Equity-based compensation costs could increase if stock price rises
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-011408 |
| Document: nmrk-20260225.htm | 0001628280-26-011408 |
| Document: 0001628280-26-011408-index-headers.html | 0001628280-26-011408 |
| Document: 0001628280-26-011408-index.html | 0001628280-26-011408 |
| Document: 0001628280-26-011408.txt | 0001628280-26-011408 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 25d ago | Press Release | $12.65 | awaiting T+20 | — | $11.42 (−9.76%) |
Sep 18, 2026 5w ago | Press Release | $13.94 $11.86 | ▼ −14.92% | ▼ −15.13% | $11.42 (−18.11%) |
Sep 1, 2026 8w ago | Press Release | $15.02 $12.26 | ▼ −18.38% | ▼ −18.69% | $11.42 (−24.00%) |
Aug 7, 2026 11w ago | 8-K | $14.81 $15.25 | ▲ +2.97% | ▲ +3.37% | $11.42 (−22.92%) |
Aug 6, 2026 11w ago | Press Release | $15.01 $14.92 | ▼ −0.63% | ▼ −1.23% | $11.42 (−23.95%) |
Jul 29, 2026 12w ago | 8-K | $14.89 $15.76 | ▲ +5.84% | ▲ +0.82% | $11.42 (−23.34%) |
Jul 29, 2026 12w ago | Press Release | $14.89 $15.76 | ▲ +5.84% | ▲ +0.82% | $11.42 (−23.34%) |
Jul 17, 2026 14w ago | Press Release | $15.60 $15.25 | ▼ −2.24% | ▼ −6.69% | $11.42 (−26.83%) |
May 22, 2026 22w ago | 8-K | $14.60 $14.88 | ▲ +1.92% | ▲ +3.33% | $11.42 (−21.81%) |
Apr 30, 2026 25w ago | 10-K/A | $16.12 $14.26 | ▼ −11.54% | ▼ −16.51% | $11.42 (−29.19%) |
US Market Status
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