Newmark revenue surges 27% as capital markets growth drives Q1 beat

Newmark Group (NASDAQ:NMRK) reported financial results for the first quarter ended March 31, 2026, showcasing a significant acceleration in deal activity and recurring revenue streams.

The New York-based commercial real estate advisor posted total revenues of $846.5 million, a 27.2% increase compared to the $665.5 million reported in the prior-year period.

The results comfortably surpassed analyst expectations, marking the company’s seventh consecutive quarter of double-digit revenue expansion.

The quarter was highlighted by a powerful recovery in the company's high-margin segments.

Capital Markets revenue surged 45.5% year-over-year, driven by a series of large-scale institutional financings and advisory roles on major strategic mergers.

Additionally, leasing fees reached an all-time first-quarter high, rising 20.2% as demand from technology and artificial intelligence firms bolstered activity in key markets including New York City, Texas, and the San Francisco Bay Area.

Meanwhile, Newmark’s bottom-line performance reflected strong operating leverage.

GAAP net income available to common stockholders swung to $14.4 million, or $0.08 per diluted share, compared to a net loss in the first quarter of 2025.

On an adjusted basis, post-tax earnings rose to $83.4 million, with adjusted EPS increasing 57.1% to $0.33.

Adjusted EBITDA grew 35.8% to $121.2 million, as revenue growth outpaced the increase in commission-based compensation and operating expenses.

The company’s recurring business lines also reached new heights.

Revenues from Management Services, Servicing Fees, and Other increased 21.2%, while Newmark’s total servicing and asset management portfolio expanded to a record $222.1 billion.

In a show of confidence regarding its cash flow trajectory, Newmark’s Board of Directors declared a quarterly dividend of $0.06 per share, a 100% increase from the previous $0.03 payout.

Reflecting the momentum seen in the first three months of the year and a robust transaction pipeline, Newmark upgraded its full-year 2026 outlook.

The company now anticipates annual revenues between $3.775 billion and $3.875 billion, with Adjusted EPS projected in the range of $1.87 to $1.98.