NYSE$MMI
Marcus & Millichap · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Marcus & Millichap had a record first quarter with revenue and diluted earnings per share increasing.
Marcus & Millichap reported a record first quarter with total revenues increasing by 73.6% to $319.5 million and diluted earnings per share rising 118.9% to $0.81 compared to the same period last year. The growth was driven by increases in real estate brokerage commissions and financing fees.
- Total revenues increased by 73.6% to $319.5 million.
- Net income increased to $32.8 million, or $0.81 per common share, diluted.
- Brokerage commissions increased to $286.9 million.
- Financing fees increased by 48.3% to $26.5 million.
Headline financials
Revenue & EPS history
Marcus & Millichap · Revenue · Quarterly
$319M
Revenue by segment
Marcus & Millichap · $163M total across 4 segments · Q1 2021
- Private Client Market$105M—64.8%
- Larger Transaction Market$30.6M—18.8%
- Middle Market$20.6M—12.7%
- Less than $1 million$6.14M—3.8%
Forward guidance
The Company believes it is well positioned to achieve long-term growth, benefiting from its experienced management team, infrastructure investments, market research and proprietary technology.
Tailwinds
- Experienced management team
- Infrastructure investments
- Industry-leading market research
- Proprietary technology
- Size and fragmentation of the Private Client Market segment
Headwinds
- Volatility in sales and financing activity
- Slowdown in sales and financing activity of asset types impacted by COVID-19
- Elevated inflation
- Interest rate fluctuations
- Increasing bid-ask spread between buyers and sellers
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.5%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-0.7%
Avg return
30 days after
66%
33 / 50 earnings
Positive
+16.9%
Q1 2015
Best reaction
-29.3%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.2% | +3.6% | +3.7% | |
| Q4 2025 | +3.4% | +2.9% | +1.6% | |
| Q3 2025 | -0.5% | +2.8% | -1.9% | |
| Q1 2025 | +2.6% | +4.2% | +1.1% | |
| Q4 2024 | +5.4% | +3.6% | -7.2% | |
| Q3 2024 | +4.3% | +2.5% | +2.4% | |
| Q2 2024 | -0.5% | -5.6% | -1.9% | |
| Q1 2024 | +2.0% | +1.0% | -8.3% | |
| Q4 2023 | -3.4% | -7.5% | -17.4% | |
| Q3 2023 | +8.7% | +3.9% | +17.9% | |
| Q2 2023 | +0.5% | -2.8% | -9.8% | |
| Q1 2023 | -4.9% | -8.7% | -0.0% | |
| Q4 2022 | -2.2% | -1.8% | -12.8% | |
| Q3 2022 | +2.3% | -1.9% | +7.9% | |
| Q2 2022 | +0.1% | -2.3% | -9.4% | |
| Q1 2022 | -5.2% | -9.4% | -8.4% | |
| Q4 2021 | +5.4% | +0.4% | +3.3% | |
| Q3 2021 | +6.5% | +1.9% | -2.4% | |
| Q2 2021 | -1.1% | -1.2% | +0.1% | |
| Q1 2021 | +3.0% | -0.1% | +6.3% | |
| Q4 2020 | +4.2% | +4.0% | -10.4% | |
| Q3 2020 | +2.1% | +10.7% | +17.1% | |
| Q2 2020 | -0.1% | +3.0% | +8.2% | |
| Q1 2020 | +9.5% | -5.4% | +21.2% | |
| Q4 2019 | +1.0% | -9.5% | -34.9% | |
| Q3 2019 | -7.3% | -4.1% | +1.9% | |
| Q2 2019 | +10.0% | +12.5% | +15.7% | |
| Q1 2019 | -15.1% | -18.0% | -28.7% | |
| Q4 2018 | +1.0% | -2.3% | -4.2% | |
| Q3 2018 | +5.1% | +5.4% | -0.8% | |
| Q2 2018 | -3.0% | -3.8% | -10.2% | |
| Q1 2018 | +6.6% | +6.0% | +9.9% | |
| Q4 2017 | +9.3% | +10.1% | +5.9% | |
| Q3 2017 | +5.5% | +3.7% | +7.8% | |
| Q2 2017 | +5.4% | -0.6% | +0.5% | |
| Q1 2017 | -3.7% | -6.4% | -0.7% | |
| Q4 2016 | -1.0% | -2.4% | -8.7% | |
| Q3 2016 | +2.0% | +4.4% | +18.0% | |
| Q2 2016 | +5.2% | +4.9% | -1.7% | |
| Q1 2016 | +10.5% | — | — | |
| Q4 2015 | +2.9% | — | — | |
| Q3 2015 | -29.3% | — | — | |
| Q2 2015 | -4.3% | — | — | |
| Q1 2015 | +16.9% | — | — | |
| Q4 2014 | -6.1% | — | — | |
| Q3 2014 | +2.1% | — | — | |
| Q2 2014 | +8.2% | — | — | |
| Q1 2014 | +11.0% | — | — | |
| Q4 2013 | -3.0% | — | — | |
| Q3 2013 | +1.6% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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