Newmark (NMRK) Q1 2026 Earnings Transcript
Newmark Group reported record first-quarter revenues of $846.5 million, up 27.2%, and raised its 2026 guidance following broad-based fee growth. The company achieved adjusted EPS of $0.33, up 57.1% from $0.21, and adjusted EBITDA of $121.2 million, a 35.8% increase.
Newmark Group reported record first-quarter revenues of $846.5 million, a 27.2% increase. The growth was driven by management services, leasing fees, and capital markets revenue, which rose by 21.2%, 20.2%, and 45.5%, respectively. Adjusted EPS was $0.33, up 57.1% from $0.21, and adjusted EBITDA was $121.2 million, a 35.8% increase. The company repurchased 10.4 million shares at an average price of $14.58, totaling $151.1 million. Newmark raised its full-year 2026 revenue outlook to $3.775 billion to $3.875 billion, up 15%-18%. The company's international growth accelerated, with revenues outside the U.S. and U.K. growing 37.9%. Newmark's recurring businesses servicing book exceeded $220 billion.
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