Newmark Group, Inc. (NMRK) Income Statement
NMRK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNMRK revenue and net income
Where NMRK's revenue goes
2025Each bar shows an amount and its share of revenue. NMRK kept 3.8% of revenue as net income.
NMRK profit margins
NMRK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +21.9% | +7.2% | +11.9% | +10.8% |
| Gross profit | +15.2% | +5.3% | +10.6% | +10.1% |
| Operating income | +43.5% | +8.0% | +4.9% | — |
| Net income | +106.1% | +14.9% | +9.5% | — |
| EPS (diluted) | +29.6% | +0.4% | +11.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NMRK quarterly EPS vs estimates
Newmark beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.49).
NMRK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.34B | $2.74B | $2.47B | $2.71B | $2.91B | $1.90B | $2.22B | $2.05B | $1.60B | $1.35B |
| Cost of revenue | $181.3M | $0 | −$17.3M | $0 | $915.7M | $0 | $1.28B | $1.16B | $1.02B | $850.0M |
| Gross profit | $3.16B | $2.74B | $2.47B | $2.71B | $2.91B | $1.90B | $2.22B | $2.05B | $1.60B | $1.35B |
| Research & development | — | $7.9M | $2.9M | $2.1M | $1.3M | $1.3M | $2.0M | $900,000 | $400,000 | $900,000 |
| Sales, general & admin | $658.9M | $2.41B | $2.19B | $2.24B | $23.8M | $1.59B | $1.92B | $1.74B | $1.37B | $1.13B |
| Total operating expenses | $2.92B | $2.58B | $2.35B | $2.52B | $1.65B | $1.72B | $1.97B | $1.71B | $1.40B | $1.18B |
| Operating income | $234.0M | $163.0M | $125.2M | $185.6M | $1.25B | $184.0M | $246.2M | $332.6M | $199.8M | $167.4M |
| Interest income | — | — | — | — | — | — | $32.1M | $8.5M | $2.8M | $3.8M |
| Interest expense | $32.5M | $31.8M | $21.7M | $31.0M | $33.5M | $37.7M | $32.1M | $50.2M | $0 | $0 |
| Income before taxes | $201.5M | $131.3M | $103.5M | $154.6M | $1.22B | $146.3M | $214.1M | $282.4M | $202.6M | $171.2M |
| Income taxes | $46.1M | $45.8M | $41.1M | $42.1M | $243.0M | $37.0M | $52.4M | $90.5M | $57.5M | $4.0M |
| Net income | $126.2M | $61.2M | $42.6M | $83.3M | $750.7M | $80.1M | $117.3M | $106.7M | $144.5M | $168.4M |
| EBITDA | $415.3M | $337.3M | $291.4M | $351.4M | $1.38B | $311.1M | $377.4M | $430.3M | $221.7M | $224.3M |
| EPS (diluted) | $1.62 | $1.25 | $1.06 | $1.60 | $1.83 | $0.93 | $1.63 | $1.51 | $1.22 | $1.12 |
| Gross margin | 94.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 7.0% | 6.0% | 5.1% | 6.9% | 43.2% | 9.7% | 11.1% | 16.2% | 12.5% | 12.4% |
| Net margin | 3.8% | 2.2% | 1.7% | 3.1% | 25.8% | 4.2% | 5.3% | 5.2% | 9.1% | 12.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $888.4M | $847.2M | $1.01B | $863.5M | $759.1M | $665.5M | $872.7M | $685.9M | $633.4M | $546.5M | $747.4M | $616.3M |
| Cost of revenue | $46.0M | $46.2M | $46.9M | $0 | $0 | $0 | −$15.6M | $6.7M | $5.6M | −$14,000 | $520.28B | $0 |
| Gross profit | $842.5M | $800.9M | $959.1M | $863.5M | $759.1M | $665.5M | $872.7M | $685.9M | $633.4M | $546.5M | $747.4M | $616.3M |
| Research & development | — | — | — | $2.0M | $2.0M | — | $5.2M | $900,000 | $900,000 | $900,000 | $900,000 | $700,000 |
| Sales, general & admin | $186.1M | $181.4M | $178.6M | $774.9M | $674.0M | $637.4M | $724.7M | $600.6M | $557.4M | $525.1M | $626.2M | $548.0M |
| Total operating expenses | $802.0M | $774.0M | $835.5M | $778.3M | $716.4M | $683.0M | $768.8M | $644.9M | $592.7M | $569.1M | $668.0M | $586.2M |
| Operating income | $40.4M | $27.0M | $123.6M | $85.2M | $42.7M | −$17.5M | $103.9M | $41.1M | $40.7M | −$22.6M | $79.4M | $30.1M |
| Interest expense | $7.4M | $6.9M | $7.0M | $43.0M | $9.0M | $8.5M | $8.4M | $7.9M | $8.3M | $7.2M | $3.0M | $7.5M |
| Income before taxes | $33.0M | $20.0M | $116.6M | $77.2M | $33.7M | −$26.0M | $95.5M | $33.2M | $32.5M | −$29.8M | $82.4M | $22.5M |
| Income taxes | $9.6M | $3.4M | $33.2M | $18.7M | $4.2M | −$10.1M | $31.4M | $8.8M | $9.0M | −$3.5M | $29.1M | $8.4M |
| Net income | $19.7M | $14.4M | $68.0M | $46.2M | $20.8M | −$8.8M | $45.4M | $17.8M | $14.3M | −$16.3M | $36.5M | $9.9M |
| EBITDA | $86.4M | $73.2M | $170.5M | $165.6M | $85.5M | $28.8M | $148.8M | $85.6M | $81.6M | $21.4M | $126.3M | $71.5M |
| EPS (diluted) | $0.39 | $0.33 | $0.68 | $0.42 | $0.31 | $0.21 | $0.55 | $0.33 | $0.22 | $0.15 | $0.46 | $0.27 |
| Gross margin | 94.8% | 94.5% | 95.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 4.5% | 3.2% | 12.3% | 9.9% | 5.6% | −2.6% | 11.9% | 6.0% | 6.4% | −4.1% | 10.6% | 4.9% |
| Net margin | 2.2% | 1.7% | 6.8% | 5.3% | 2.7% | −1.3% | 5.2% | 2.6% | 2.3% | −3.0% | 4.9% | 1.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NMRK's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NMRK financial results
In fiscal year 2025 (ended December 31, 2025), Newmark reported revenue of $3.3 billion, up 21.9% from the year before. It had net income of $126.2 million (up 106.1%), a net profit margin of 3.8%. Diluted earnings per share came to $1.62. Over five years revenue grew at an average rate of 11.9% a year.
See the NMRK stock overview for the latest quote and news, or the NMRK chart for price history and technical indicators.
NMRK income statement FAQ
What is Newmark's annual revenue?
Newmark reported total revenue of $3.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 21.9% from $2.7 billion the previous year.
Is Newmark profitable?
Yes. Newmark reported net income of $126.2 million in fiscal 2025, a net profit margin of 3.8%; its operating margin was 7.0%.
What is Newmark's gross margin?
Newmark's gross margin was 94.6% in fiscal 2025: for every $100 of revenue, Newmark kept $95 after the direct cost of its products and services.
How fast is Newmark growing?
Revenue grew 11.9% a year on average over the last five fiscal years, from $1.9 billion to $3.3 billion.
What are Newmark's earnings per share?
Newmark earned $1.62 per diluted share in fiscal 2025, compared with $1.25 a year earlier.
When will Newmark report its next earnings?
Newmark is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Newmark's fiscal year end?
Newmark's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.