The beat-and-reaffirm pattern supports the ongoing growth narrative; strong Investment Sales (+54%) and recurring Management/Servicing (+17.7%) suggest market share gains. Monitor upcoming M&A integration (Canadian Appraisals acquisition) and commercial real estate transaction volumes for trajectory confirmation.
Price Chart
Executive Summary
Newmark reported Q2 2026 revenue of $888.4M (up 17% YoY, 3.1% above consensus) and Adjusted EPS of $0.39 (up 26% YoY, 2.6% above consensus), with strong double-digit growth across all major business lines. The company reaffirmed its FY2026 guidance and doubled its quarterly dividend to $0.06/share, signaling confidence in sustained growth momentum.
Key Financial Metrics
Key Facts
- Q2 2026 total revenue $888.4M, up 17.0% YoY from $759.1M
- Adjusted EPS $0.39, up 25.8% YoY from $0.31; GAAP EPS $0.11 flat YoY
- Revenue beat consensus of $861.8M by 3.1%; Adjusted EPS beat consensus of $0.38 by 2.6%
- Management Services, Servicing Fees & Other grew 17.7% to $351.2M (4th consecutive record quarter)
- Investment Sales revenue surged 54.4% to $164.6M; Leasing up 17.2% to $278.0M
- FY2026 guidance reaffirmed: revenue $3,775M-$3,875M, Adjusted EPS $1.87-$1.98, Adjusted EBITDA $656M-$694M
- Quarterly dividend doubled to $0.06 per share
- Net leverage at 1.0x; $248.9M remaining under share repurchase authorization
Financial Impact
Revenue exceeded expectations by $26.6M (3.1%); Adjusted EPS exceeded by $0.01 (2.6%)
Risk Factors
- Commercial real estate cyclicality and sensitivity to interest rate changes
- Investment Sales volume normalization after 54% surge
- Integration risks from recent acquisitions
- High compensation costs (18.6% GAAP comp growth) could pressure margins if revenue slows
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-050409 |
| Document: nmrk-20260729.htm | 0001628280-26-050409 |
| Document: 0001628280-26-050409-index-headers.html | 0001628280-26-050409 |
| Document: 0001628280-26-050409-index.html | 0001628280-26-050409 |
| Document: 0001628280-26-050409.txt | 0001628280-26-050409 |
| 8-K Data (Synthetic) | 0001628280-26-050409 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 25d ago | Press Release | $12.65 | awaiting T+20 | — | $11.48 (−9.25%) |
Sep 18, 2026 5w ago | Press Release | $13.94 $11.86 | ▼ −14.92% | ▼ −15.13% | $11.48 (−17.65%) |
Sep 1, 2026 8w ago | Press Release | $15.02 $12.26 | ▼ −18.38% | ▼ −18.69% | $11.48 (−23.57%) |
Aug 7, 2026 11w ago | 8-K | $14.81 $15.25 | ▲ +2.97% | ▲ +3.37% | $11.48 (−22.48%) |
Aug 6, 2026 11w ago | Press Release | $15.01 $14.92 | ▼ −0.63% | ▼ −1.23% | $11.48 (−23.52%) |
Jul 29, 2026 12w ago | 8-K | $14.89 $15.76 | ▲ +5.84% | ▲ +0.82% | $11.48 (−22.90%) |
Jul 29, 2026 12w ago | Press Release | $14.89 $15.76 | ▲ +5.84% | ▲ +0.82% | $11.48 (−22.90%) |
Jul 17, 2026 14w ago | Press Release | $15.60 $15.25 | ▼ −2.24% | ▼ −6.69% | $11.48 (−26.41%) |
May 22, 2026 22w ago | 8-K | $14.60 $14.88 | ▲ +1.92% | ▲ +3.33% | $11.48 (−21.37%) |
Apr 30, 2026 25w ago | 10-K/A | $16.12 $14.26 | ▼ −11.54% | ▼ −16.51% | $11.48 (−28.78%) |
US Market Status
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