Newmark Group (NMRK) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Newmark Group published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Newmark Group reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Newmark reports one segment, real estate services. The rows above are the revenue lines from its release. Pass Through Revenues are reimbursable costs in its Occupier Solutions and Property Management businesses that equal the related expenses, so they add to revenue without adding to earnings.
• Newmark's non-GAAP other income for Q3 2025 excluded a net $42.3 million received from insurers to settle a stockholder derivative litigation. That amount is in the year-ago GAAP figures.

Source: Newmark Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Newmark Group splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Newmark Group's Management Services, Servicing Fees, and Other revenue was $376 million in Q3 2026, up 18% from $318 million in Q3 2025, 39% of total revenue.
• Newmark Group's Leasing and Other Commissions revenue was $309 million in Q3 2026, up 26% from $244 million in Q3 2025, 32% of total revenue.
• Newmark Group's Capital Markets revenue was $288 million in Q3 2026, down 4% from $301 million in Q3 2025, 30% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Newmark Group said:

“Total Revenues (millions) $3,700-$3,800”

“Adjusted Earnings Per Share $1.80-$1.90”

“Adjusted EBITDA (millions) $629-$667”

“The revised 2026 outlook is due to the challenging macroeconomic environment, which creates uncertainty with respect to the timing of deal closings.”

Source: Newmark Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the NMRK forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues in USD millions and GAAP EPS per fully diluted share, each as first reported in that quarter's release.

We do not hold a confirmed date for Newmark Group's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Newmark Group earns its revenue in three lines. In Q3 2026 Management Services, Servicing Fees, and Other brought in $376.3 million, Leasing and Other Commissions $308.6 million and Capital Markets $288.2 million, for total revenues of $973.2 million, up 12.7% from $863.5 million. (Newmark Q3 2026 release, Oct 29, 2026)

Management Services, Servicing Fees, and Other rose 18.3%, Newmark's fifth consecutive record quarter for that line. Newmark credited organic growth in its outsourcing businesses for occupiers, owners and lenders, same-store gains in Valuation & Advisory, and six acquisitions completed since Q3 2025. The line includes $119.2 million of Pass Through Revenues, up 31.7%, which equal their related expenses. Excluding pass through and OMSR revenues, Newmark's fees grew 11.6% to $817.2 million. (Newmark Q3 2026 release, Oct 29, 2026)

Leasing and Other Commissions rose 26.5%, Newmark's best third quarter for leasing. Newmark said demand came from investor and occupier clients in artificial intelligence, data centers and other technology sectors, as well as manufacturing, legal services, aerospace and defense, and health care, with higher fees from industrial and office clients in West Coast markets and Texas. (Newmark Q3 2026 release, Oct 29, 2026)

Capital Markets revenue fell 4.4%. Investment Sales volumes rose about 33% and Investment Sales revenue rose 7.5% to $171.9 million, but fees from commercial mortgage origination fell 21.1% to $79.6 million as global Total Debt volumes declined 37%. Newmark pointed to a hard comparison: in Q3 2025 its Capital Markets revenues grew 60% on large deals including a $4 billion joint venture for an AI data center campus in Pennsylvania. (Newmark Q3 2026 release, Oct 29, 2026)

Newmark's revenue is spread across many clients. Its top 10 clients accounted for approximately 9.1% of total revenue in 2025, when revenues were approximately $3.3 billion. Its primary loan servicing portfolio was $85.8 billion at September 30, 2026, against $75.3 billion at December 31, 2025. (Newmark Form 10-K, 2025, Mar 2, 2026; Newmark Form 10-Q, Q3 2026, Nov 6, 2026)

Newmark Group's GAAP EPS was $0.27 in Q3 2026, against $0.25 a year earlier, and its Adjusted EPS was $0.48, against $0.42. Adjusted Earnings leave out equity-based compensation and allocations of net income to limited partnership units, which were $60.4 million under GAAP in the quarter, down from $81.1 million, along with items Newmark treats as non-recurring. (Newmark Q3 2026 release, Oct 29, 2026)

The year-ago GAAP result included a net $42.3 million received from insurers to settle a stockholder derivative litigation, which Newmark excluded from Adjusted Earnings as non-recurring. Newmark's tax rate for Adjusted Earnings was 12.9% in the quarter, against 12.1% in Q3 2025. (Newmark Q3 2026 release, Oct 29, 2026)

Newmark repurchased 3.9 million shares for $59.4 million in Q3 2026 and 14.3 million shares for $210.5 million in the first nine months. The fully diluted weighted-average share count was 252.7 million, against 251.7 million a year earlier. On October 28, 2026 the board re-authorized a $400 million buy-back program. (Newmark Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Newmark Group gives a full-year outlook in its release and cut it with the Q3 2026 results. It now expects 2026 total revenues of $3,700 million to $3,800 million, down from $3,775 million to $3,875 million, and Adjusted EPS of $1.80 to $1.90, down from $1.87 to $1.98. Adjusted EBITDA is now $629 million to $667 million. (Newmark Q3 2026 release, Oct 29, 2026)

Newmark said the cut came from macroeconomic volatility that makes the timing of deal closings uncertain, and that it still expects double-digit growth in revenues, Adjusted EBITDA and Adjusted EPS for 2026. The outlook excludes future acquisitions, and Newmark does not give an outlook for GAAP results other than revenues. (Newmark Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Newmark Group, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Newmark Group's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning NMRK is on is NMRK a buy or a sell?, what analysts expect next is on the NMRK forecast, and what the company does is on the Newmark Group (NMRK) stock page.

Every number on this page can be traced to a document Newmark Group published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.