Newmark Group
Advises commercial real estate owners and occupiers across transactions, financing, and property operations.
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Profile
Advises commercial real estate owners, investors, lenders, and occupiers across capital markets, leasing, valuation, management, mortgage origination, and loan servicing. Revenue combines transaction-linked commissions with contractual and recurring fees, while agency lending and servicing depend on Fannie Mae, Freddie Mac, and HUD eligibility.
Advises commercial property owners, investors, lenders, and occupiers through Capital Markets, Leasing, and Management Services. Offerings span investment sales, debt and equity placement, mortgage origination, landlord and tenant representation, valuation, property and facilities management, loan servicing and asset management, occupier outsourcing, consulting, and fund administration.
Maintains a large U.S. base while expanding across Europe and Asia. Integrated data, research, and local specialists support cross-selling across a client’s property lifecycle. Revenue mixes transaction-driven commissions with contractual and recurring management and servicing fees.
Results depend on commercial real estate transaction volumes, leasing demand, interest rates, and retaining productive professionals. Agency lending and servicing require continued eligibility under Fannie Mae, Freddie Mac, and HUD programs, including capital, liquidity, licensing, and servicing standards.
Company facts
Categories
Key statistics
Year to date −6.7% · Average volume (30d) 1.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Barclays | Reiterate | Overweight | $21 | $20 | |
| Aug 10, 2026 | UBS | Target | $22 | |||
| Jun 29, 2026 | Piper Sandler | Reiterate | Overweight | $16 | $19 | |
| Dec 2, 2025 | Barclays | Target | $21 | |||
| May 23, 2025 | Wolfe Research | Upgrade | Peer Perform | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.39 | $0.39 | +0.9% | $865.2M | $888.4M | +2.7% | −8.09% |
| Apr 30, 2026Q1 FY26 | $0.27 | $0.33 | +22.2% | $748.7M | $846.5M | +13.1% | −0.50% |
| Feb 25, 2026Q4 FY25 | $0.65 | $0.68 | +4.6% | $1.00B | $1.01B | +0.5% | +1.64% |
| Oct 30, 2025Q3 FY25 | $0.41 | $0.42 | +2.4% | $982.4M | $863.5M | −12.1% | −1.33% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $665.5M | $759.1M | $863.5M | $1.01B | $847.2M | $888.4M | |
| Gross profit | $665.5M | $759.1M | $863.5M | $959.1M | $800.9M | $842.5M | |
| Operating income | −$17.5M | $42.7M | $85.2M | $123.6M | $27.0M | $40.4M | |
| Net income | −$8.8M | $20.8M | $46.2M | $68.0M | $14.4M | $19.7M | |
| Diluted EPS | −$0.05 | $0.11 | $0.25 | $0.37 | $0.08 | $0.10 | |
| Gross margin | 100.0% | 100.0% | 100.0% | 95.3% | 94.5% | 94.8% | |
| Operating margin | -2.6% | 5.6% | 9.9% | 12.3% | 3.2% | 4.5% |
Fiscal years (4-quarter sums)FY21 $2.91B · FY22 $2.71B · FY23 $2.47B · FY24 $2.74B · FY25 $3.29B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $259.7M · Total debt $2.17B · Total assets $5.19B · Shareholders' equity $1.45B
Dividends
Raised for 5 straight years — most recently to $0.06 from $0.03 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Aug 28 | $0.06 | |
| May 14, 2026 | May 14 | May 29 | $0.06 | raised from $0.03 |
| Mar 13, 2026 | Mar 13 | Mar 27 | $0.03 | |
| Nov 17, 2025 | Nov 17 | Dec 2 | $0.03 | |
| Aug 14, 2025 | Aug 14 | Aug 29 | $0.03 | |
| May 14, 2025 | May 14 | May 29 | $0.03 | |
| Mar 3, 2025 | Mar 3 | Mar 17 | $0.03 | |
| Nov 21, 2024 | Nov 21 | Dec 5 | $0.03 |
Ownership
Shares outstanding 156.24M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Howard W. Lutnick | 43.14M | 22.40% | 13D | May 19, 2025 |
| Brandon Lutnick · director, 10 percent owner: | 25.68M | 16.43% | Form 4 | Dec 15, 2025 |
| Vanguard Portfolio Management LLC | 14.76M | 9.45% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 12.82M | 8.20% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 6.55M | 4.19% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 6, 2025 | Howard W. Lutnick | director, 10 percent owner: | −44,208,218 | $0.0100 |
Peers
- CBRE Group
Broad full-service overlap in advisory, outsourcing, and capital markets
- Jones Lang LaSalle
Global CRE services overlap in management, leasing, and capital markets
- Cushman & Wakefield
Direct CRE services peer across services, leasing, and capital markets
- Colliers International Group
Global CRE peer in capital markets, leasing, and outsourcing
- Marcus & Millichap
Investment-sales and financing overlap in private-client CRE
- Walker & Dunlop
CRE finance peer in agency lending, sales, valuation, and servicing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Newmark Group | $15.83 | −0.03% | $2.47B | 19.9 | 7.6 | 0.7 | +17.0% |
| CBRE Group | $150.82 | −0.07% | $43.69B | 34.6 | 18.8 | 1.0 | +15.1% |
| Jones Lang LaSalle | $378.01 | +0.00% | $17.39B | 18.1 | 14.5 | 0.6 | +10.8% |
| Cushman & Wakefield | $14.12 | +0.07% | $3.31B | 48.4 | 9.1 | 0.3 | +11.2% |
| Colliers International Group | $102.93 | +0.07% | $5.12B | 47.9 | 12.7 | 0.9 | +13.3% |
| Marcus & Millichap | $32.50 | −0.15% | $1.23B | 88.8 | 45.5 | 1.5 | +17.8% |
| Walker & Dunlop | $41.78 | +1.04% | $1.42B | 36.9 | 12.2 | 1.1 | +3.5% |
| Median | 42.4 | 13.6 | 0.9 | +12.2% |