Marcus & Millichap Inc (MMI)

Official site

REAL ESTATE • REAL ESTATE SERVICES • NYSE

$27.82

-0.84 (-2.93%)

Market Cap: $1.09B

Last updated: Nov 06, 2026 at 4:10 PM ET

Earnings

Performance (10Y)

Beat Rate

85%(34/40)

Avg Surprise

+59.03%

Upcoming Estimates

Period ending Dec 31, 2026

EPS Consensus$0.44

Range$0.44 - $0.44

1 analysts

Revenue Consensus

$276M

Range$276M - $276M

1 analysts

Last 12 of 40 reported quarters and 1 upcoming estimate

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.44	$0.44 - $0.44	-	-	1	-	-
Sep 30, 2026Sep 26 Reported Nov 6, 2026Reported Nov 6	$0.03	N/A	-	-57.14%	Miss	1	0 1 30d	+200.0%
Jun 30, 2026Jun 26 Reported Aug 6, 2026Reported Aug 6	$0.10	$0.03	$-0.02 - $0.08	+233.33%	Beat	2	1 1 30d	+135.7%
Mar 31, 2026Mar 26 Reported May 7, 2026Reported May 7	$-0.08	$-0.08	$-0.09 - $-0.07	+0.00%	Beat	2	1 0 30d	+27.3%
Dec 31, 2025Dec 25 Reported Feb 13, 2026Reported Feb 13	$0.34	$0.22	$0.21 - $0.22	+54.55%	Beat	2	0 1 30d	+54.5%
Sep 30, 2025Sep 25 Reported Nov 7, 2025Reported Nov 7	$0.01	$0.01	$-0.04 - $0.05	+0.00%	Beat	2	0 1 30d	+107.1%
Jun 30, 2025Jun 25 Reported Aug 7, 2025Reported Aug 7	$-0.28	$-0.09	$-0.13 - $-0.06	-211.11%	Miss	2	0 1 30d	-100.0%
Mar 31, 2025Mar 25 Reported May 7, 2025Reported May 7	$-0.11	$-0.16	$-0.16 - $-0.16	+31.25%	Beat	1	0 1 30d	+57.7%
Dec 31, 2024Dec 24 Reported Feb 14, 2025Reported Feb 14	$0.22	$-0.02	$-0.02 - $-0.02	+1200.00%	Beat	1	1 0 30d	+181.5%
Sep 30, 2024Sep 24 Reported Nov 8, 2024Reported Nov 8	$-0.14	$-0.19	$-0.19 - $-0.19	+26.32%	Beat	1	No revisions (30d)	+41.7%
Jun 30, 2024Jun 24 Reported Aug 7, 2024Reported Aug 7	$-0.14	$-0.15	$-0.15 - $-0.15	+6.67%	Beat	1	No revisions (30d)	+39.1%
Mar 31, 2024Mar 24 Reported May 8, 2024Reported May 8	$-0.26	$-0.28	$-0.28 - $-0.28	+7.14%	Beat	1	No revisions (30d)	-73.3%
Dec 31, 2023Dec 23 Reported Feb 15, 2024Reported Feb 15	$-0.27	$-0.28	$-0.28 - $-0.28	+3.57%	Beat	1	No revisions (30d)	-235.0%

Dividends

Last ex-dividend: Sep 15, 2026

Dividend Metrics

Forward Yield1.80%

Forward Annual Dividend$0.50

Payout Ratio125.27%

FrequencySemi-Annual

Pay MonthsApr, Oct

MMI dividend history and ex-dividend dates Run MMI in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	71.33	EV/EBITDA	23.82x
Price/FCF	16.01x	FCF Yield	6.25%
Profitability
Profit Margin	1.77%	Operating Margin	1.09%
ROE	2.42%	ROIC	N/A
Financial Health
Debt/Equity	0.00x	Interest Coverage	40.68x
Current Ratio	N/A	Quick Ratio	N/A
Trading Statistics
Beta	1.25	Avg Volume	170.91K
52-Week High	$33.28	52-Week Low	$24.00

Technical Indicators Dashboard

Moving Averages

SMA 10$28.21

SMA 20$28.05

SMA 50$29.31

SMA 200$28.63

EMA 10$28.34

EMA 20$28.36

EMA 50$28.99

EMA 200$29.17

MACD

Line: -0.17Signal: -0.33Hist: 0.16

ADX

ADX: 15.8+DI: 18.1-DI: 31.7

Aroon & PSAR

Aroon Up96.0

Aroon Down100.0

PSAR$30.25

Bollinger Bands

Upper Band$29.18

Lower Band$26.91

%B Position808%(Upper)

Band Width0.40

RSI (14-Day)

Neutral

44.9

Momentum Oscillators

Stoch %K61.5

Stoch %D71.6

Williams %R-57.3

ROC (10d)0.8%

Momentum0.23

CCI (20d)-120.7

MFI (14d)54.6

Volatility Measures

ATR (14d)$1.02(3.7%)

StdDev (20d)0.57

Hist Vol34.7%(Moderate)

Volume Flow

VWAP$27.23

OBV-8.9M

AD Line-53.4M

CMF (20d)0.017

Volume Metrics

Avg Vol (20d)172.0K

Vol Ratio1.3x

VWMA (20d)$28.02

Pivot Points

R3$31.75

R2$31.00

R1$29.83

Pivot Point$29.08

S1$27.91

S2$27.16

S3$25.99

Advanced Oscillators

TSI-5.86

Ultimate Osc54.9

KST-36.77

Financial Data

Quarter	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023
Total Revenue	$208.21M	$202.78M	$171.31M	$243.76M	$193.69M	$172.08M	$144.85M	$239.88M	$168.30M	$158.16M	$128.91M	$166.03M
Cost of Revenue	N/A	N/A	$108.42M	$161.23M	$126.48M	$112.92M	$94.05M	$151.77M	$104.75M	$98.08M	$76.87M	$105.43M
Gross Profit	N/A	N/A	$63.05M	$82.72M	$67.41M	$59.35M	$50.99M	$88.31M	$63.76M	$60.29M	$52.24M	$60.82M

Operating Expenses	$205.62M	$196.51M	$173.48M	$224.54M	$192.22M	$175.82M	$158.77M	$228.38M	$174.66M	$161.60M	$143.64M	$177.71M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Income	N/A	N/A	$-5,776,000	$15.66M	$-1,832,000	$-8,250,999	$-17,874,000	$6.70M	$-11,465,000	$-8,046,000	$-20,102,000	$-17,201,000

Interest Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Interest Expense	$155,000	$140,000	$153,000	$189,000	$197,000	$200,000	$187,000	$201,000	$208,000	$204,000	$199,000	$216,000
Income Before Tax	$2.60M	$6.26M	$-2,166,000	$19.22M	$1.47M	$-3,747,000	$-13,919,000	$11.49M	$-6,352,000	$-3,438,000	$-14,733,000	$-11,684,000
Income Tax Expense	$1.59M	$2.36M	$934,000	$5.91M	$1.23M	$7.29M	$-9,497,000	$2.95M	$-967,000	$2.10M	$-4,746,000	$-1,451,000

Net Income	$1.01M	$3.91M	$-3,100,000	$13.31M	$240,000	$-11,035,000	$-4,422,000	$8.55M	$-5,385,000	$-5,538,000	$-9,987,000	$-10,233,000

EBITDA	$4.90M	$8.61M	$225,000	$22.57M	$4.21M	$-594,000	$-11,070,000	$16.78M	$-1,802,000	$-109,000	$-11,311,000	$-8,369,000
EBIT	$2.60M	$6.26M	$-2,166,000	$19.22M	$1.47M	$-3,747,000	$-13,919,000	$11.49M	$-6,352,000	$-3,438,000	$-14,733,000	$-11,684,000

* Some calculated fields are derived from available data when not provided by source

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News

Marcus & Millichap Brokers Value-Add Multifamily Property Near University of California Davis

Marcus & Millichap announced the sale of a 63-unit multifamily property in Davis, California, for $13.6 million. The property, located near UC Davis...

Yield PRO•Nov 6, 2026 12:20 PM ET11/6/26•Somewhat-Bullish

Marcus & Millichap Q3 2026 Earnings Call Transcript

Marcus & Millichap reported a 7.5% increase in total revenue to $208 million for Q3 2026, with year-to-date revenue up 14% to $583 million...

Benzinga•Nov 6, 2026 10:59 AM ET11/6/26•Somewhat-Bullish

Marcus & Millichap Arranges Four-Property Indianapolis Portfolio Sale for $25.8M

Marcus & Millichap has facilitated the sale of a four-property, 412-unit apartment portfolio in Indianapolis, known as Indy Town, for $25.8 million. The portfolio, consisting of Arlington Green, Glen Ridge...

Multifamily & Affordable Housing Business•Nov 6, 2026 7:59 AM ET11/6/26•Bullish

Marcus & Millichap (NYSE:MMI) surprises with Q3 2026 sales

Marcus & Millichap (MMI) reported mixed Q3 2026 results, with revenue of $208.4 million topping expectations and adjusted EBITDA significantly beating estimates. However...

TradingView•Nov 6, 2026 6:59 AM ET11/6/26•Neutral

The Griffith Pepdjonovic Group of Marcus & Millichap arrange $8.875 million multifamily sale

The Griffith Pepdjonovic Group of Marcus & Millichap has successfully arranged the sale of a 24-unit multifamily property at 15 Euston Rd. in Boston's Brighton neighborhood for $8.875 million. Evan Griffith and Tony...

NEREJ•Nov 6, 2026 12:59 AM ET11/6/26•Bullish

MMI Valuation and Fair Value

P/E: 71.3x
EV/EBITDA: 23.8x
P/FCF: 16.0x
PEG: 1.8x
P/B: 1.8x

See GNG's fair value

MMI Profitability: Margins, ROIC and FCF

Operating margin: 1.1%
Net margin: 1.8%
ROE: 2.4%
FCF margin: 8.0%
FCF yield: 6.2%

MMI Competitors

Company	Ticker
Hotel101 Global Holdings Corp. Class A Ordinary Shares	HBNB
eXp World Holdings Inc	EXPI
Medical Properties Trust, Inc.	MPT
Centerspace	CSR
Easterly Government Properties, Inc.	DEA
IRSA Inversiones Y Representaciones	IRS
National Healthcare Properties, Inc.	NHP
Saul Centers Inc	BFS

Sector: Real Estate

MMI Bull Case vs Bear Case

Bull case

MMI grew quarterly revenue 17.8% year over year.

Bear case

MMI trades at 71.3x trailing earnings.
50.0% of MMI's analyst ratings are Sell or Strong Sell.

MMI Earnings: Beat Rate and Next Report

Beat rate: 4 of 8 quarters (50.0%)
Average surprise: 156.4%
EPS estimate (fiscal period ending Dec 31, 2026): $0.44

MMI Dividend

Forward yield: 1.8%
Payout ratio: 125.3%
Pay months: Apr, Oct

MMI dividend history

MMI Earnings Date

MMI reports Feb 11, 2027. The date is estimated.

MMI Earnings Call

The latest MMI earnings call transcript on file is labeled 2026Q2.

Read the 2026Q2 transcript

MMI ETF Holders

GNG tracks 13 ETFs that hold MMI. The largest weights:

Royce Value Trust Inc (RVT), 0.20% of the fund
iShares Core S&P Small-Cap ETF (IJR), 0.04% of the fund
Vanguard Real Estate Index Fund ETF Shares (VNQ), 0.04% of the fund
iShares Russell 2000 ETF (IWM), 0.03% of the fund
Vanguard Russell 2000 Index Fund ETF Shares (VTWO), 0.02% of the fund

Open the ETF Stock Exposure tool for MMI

See insider activity

Frequently Asked Questions About MMI

When is MMI's next ex-dividend date?

MMI has not declared its next regular ex-dividend date yet. Its last ex-dividend date was Sep 15, 2026 ($0.25 per share). Over the last 12 months, MMI went ex-dividend in Mar and Sep.

When does MMI report earnings?

Marcus & Millichap Inc (MMI) is expected to report earnings on Feb 11, 2027.

What is MMI's current dividend yield?

Marcus & Millichap Inc (MMI) has a forward dividend yield of 1.80%.

Does MMI pay dividends?

Yes, Marcus & Millichap Inc pays dividends with a forward dividend yield of 1.80%.

What is MMI's P/E ratio?

Marcus & Millichap Inc has a price-to-earnings (P/E) ratio of 71.33.

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