NASDAQ$NMRK
Newmark Group Inc · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Newmark reported strong third quarter 2025 results with double-digit revenue and earnings growth.
Newmark generated Q3 2025 total revenues of 852400000, representing solid year-over-year growth driven by continued strength in Capital Markets and resilient recurring revenues. GAAP net income available to common stockholders was 38200000, with GAAP EPS of 0.15 and Adjusted EPS of 0.38, reflecting operating leverage and margin expansion.
- Total revenues reached 852400000 in Q3 2025, reflecting double-digit year-over-year growth.
- GAAP EPS increased to 0.15, while Adjusted EPS rose to 0.38.
- Capital Markets delivered strong performance with continued transaction momentum.
- Adjusted EBITDA expanded year-over-year, supporting improved profitability.
Headline financials
Revenue & EPS history
Newmark · Revenue · Quarterly
$852M
Revenue by segment
Newmark · $241M total across 1 segment · Q2 2023
- Management Services$241M+3.0%100.0%
Forward guidance
Newmark reaffirmed full-year 2025 guidance, expecting continued double-digit revenue growth and Adjusted EPS expansion supported by strong Capital Markets activity and resilient recurring revenues.
Tailwinds
- Strong momentum in Capital Markets transactions.
- Recurring revenue businesses provided stability.
- Adjusted EBITDA margin expanded year-over-year.
- Operating leverage improved profitability.
- Healthy liquidity position entering Q4.
Headwinds
- Macroeconomic uncertainty could impact transaction volumes.
- Interest rate volatility may affect capital markets activity.
- Compensation expenses increased alongside revenue growth.
- Leasing activity remains uneven across certain markets.
- Debt levels remain elevated relative to historical norms.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2025
+0.3%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+2.9%
Avg return
30 days after
39%
13 / 33 earnings
Positive
+20.1%
Q3 2023
Best reaction
-12.3%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -6.1% | — | |
| Q4 2025 | -0.5% | -3.7% | -2.9% | |
| Q3 2025 | -3.1% | -8.7% | -9.4% | |
| Q1 2025 | -0.6% | +0.5% | -0.5% | |
| Q4 2024 | +6.3% | +5.1% | -10.3% | |
| Q3 2024 | +0.7% | +6.2% | +5.3% | |
| Q2 2024 | -9.5% | -7.4% | +8.6% | |
| Q1 2024 | +1.2% | +0.7% | +4.3% | |
| Q4 2023 | -1.0% | +3.7% | +5.1% | |
| Q3 2023 | +20.1% | +26.3% | +48.3% | |
| Q2 2023 | +1.5% | +10.3% | -3.4% | |
| Q1 2023 | -8.8% | -11.5% | +2.0% | |
| Q4 2022 | -4.8% | -10.0% | -25.1% | |
| Q3 2022 | -12.3% | -17.7% | -9.5% | |
| Q2 2022 | -7.4% | -10.8% | -11.3% | |
| Q1 2022 | -10.4% | -5.1% | -15.8% | |
| Q4 2021 | -3.7% | +7.4% | -6.0% | |
| Q3 2021 | +3.4% | +3.1% | +3.8% | |
| Q2 2021 | -2.4% | +2.2% | +0.0% | |
| Q1 2021 | +18.2% | +19.2% | +19.0% | |
| Q4 2020 | +14.7% | +17.3% | +24.2% | |
| Q3 2020 | +13.3% | +34.5% | +56.9% | |
| Q2 2020 | +5.2% | +12.9% | +2.4% | |
| Q1 2020 | +19.1% | +3.4% | +82.1% | |
| Q4 2019 | -5.0% | -6.1% | -45.5% | |
| Q3 2019 | +6.9% | +18.1% | +31.4% | |
| Q2 2019 | -4.5% | -10.9% | -12.0% | |
| Q1 2019 | -5.0% | -2.1% | +1.8% | |
| Q4 2018 | -3.9% | -3.9% | -16.7% | |
| Q3 2018 | +1.1% | -4.1% | -5.8% | |
| Q2 2018 | -4.7% | -1.2% | -7.1% | |
| Q1 2018 | -5.6% | -4.8% | -11.6% | |
| Q4 2017 | -7.8% | -6.4% | -8.6% | |
| Q2 2017 | — | — | — |
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