Newmark Group Inc. (NASDAQ: NMRK) reported record second-quarter revenue on July 29, 2026, with double-digit growth across all of its major business lines, according to the company’s earnings press release filed with the SEC.
Total revenues reached $888.4 million, up 17.0% from $759.1 million in the second quarter of 2025, while year-to-date revenue climbed 21.8% to $1.735 billion. GAAP net income was $27.1 million, or $0.11 per fully diluted share. On an adjusted basis, earnings per share rose 25.8% to $0.39 for the quarter and 36.5% to $0.71 year-to-date, while adjusted EBITDA increased 22.1% to $139.2 million.
“We delivered strong financial results, including record second quarter revenues,” CEO Barry Gosin said in the release, pointing to “double digit gains in each of our major business lines.” Gosin also reiterated the commercial real estate brokerage’s ambition to reach $2 billion in annual management and servicing revenues by 2029.
Every business line grew
Newmark’s management services, servicing fees and other revenue segment hit a record $351.2 million, up 17.7%, as its servicing and asset management portfolio grew 20.5% and its property management square footage expanded 23.1% — growth in the firm’s more recurring, less transaction-dependent revenue streams.
Leasing and other commissions posted the company’s all-time best second-quarter result at $278.0 million, up 17.2%, which Newmark attributed to office leasing activity concentrated in the technology, finance and aerospace sectors — a signal that at least some corners of the office leasing market are seeing real tenant demand even as the broader sector continues to work through elevated vacancy in older buildings.
Capital markets revenue rose 16.0% to $259.2 million, powered by a 54.4% jump in investment sales to $164.6 million. Newmark said it ranked #2 in U.S. investment sales for the first half of 2026, a notable share gain in a brokerage business that has been highly competitive as transaction volume recovers unevenly across property types. The one soft spot was commercial mortgage origination revenue, which fell 26.1% to $68.1 million, though the company noted the decline was against a particularly strong prior-year comparison period.
Guidance and capital returns
Newmark reaffirmed its full-year 2026 guidance of $3.775 billion to $3.875 billion in total revenue (15% to 18% growth), adjusted EPS of $1.87 to $1.98 (15% to 22% growth), and adjusted EBITDA of $656 million to $694 million (17% to 23% growth), with an expected adjusted tax rate of 13% to 15%. The board declared a qualified quarterly dividend of $0.06 per share. The company repurchased 10.4 million shares at an average price of $14.58 during the first half of 2026, and ended the quarter with $259.7 million in cash and net leverage of 1.0 times.
What it means
Verified facts: Newmark posted record quarterly revenue with double-digit growth in leasing, capital markets and servicing/management fees, while commercial mortgage origination declined against a tough comparison.
RealtyWire analysis: The breadth of growth across leasing, investment sales and recurring servicing revenue — rather than a single standout segment — suggests the commercial real estate transaction recovery is broadening beyond the industrial and data center deals that dominated headlines earlier in the cycle, with office leasing in particular showing signs of life in specific high-growth industries even as the sector overall remains challenged.
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