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Companies $NMRK
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Newmark Group Inc logo

Newmark Group Inc

nmrk.com

What Do They Do?

Advises property owners, investors, lenders and occupiers on commercial real estate, and provides brokerage, financing and property-management services.

How Do They Make Money?

Property owners pay management fees as services are performed, and loan servicing fees accrue over loan lives. Leasing commissions are generally earned when a lease is signed; Newmark also earns commissions for investment sales and mortgage brokerage and fees for loan origination.

FY2025 revenue by product or service revenue
SegmentShareRevenue
Management Services, Servicing Fees and Other
Recurring

38%
FY2022: 34%
Leasing and Other Commissions
Sold outright

30%
FY2022: 31%
Capital Markets
32%
FY2022: 36%

Who Are Their Customers?

Clients include property owners, investors and lenders; commercial occupiers range from companies to public and private organizations. In some smaller markets, independent partner offices work with Newmark on client referrals.

Do Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.

Operating income, FY2025
7% of revenue
▲ +44% vs FY2024 ($163M, 6%)
Net income, FY2025
4% of revenue
▲ +48% vs FY2024 ($85.5M, 3%)
Free cash flow, FY2025
4% of revenue
▲ Now profitable vs FY2024 (−$41.4M, −2%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +17%
vs $759.1M in Q2 FY2025
Net income
▼ −5%
vs $20.8M in Q2 FY2025
Management Services, Servicing Fees and Other share of revenue vs 39.3% in Q2 FY2025
  • Aug 7, 2026 Barry Gosin will step down as CEO at year end He will remain chairman of Newmark & Co.; the board expects to identify a new CEO by year end.
  • Jul 29, 2026 Company maintains double-digit growth outlook Management continued to expect double-digit top- and bottom-line growth for the third consecutive year in 2026.

Growing. Revenue grew 13% in 4 years, from $2.9B in FY2021 to $3.3B in FY2025, about 3% a year.

U.K. business-rates services The latest report adds business-rates services for U.K. property owners and occupiers to its investor and occupier offerings.

Revenue over time
Management Services, Servicing Fees and Other Leasing and Other Commissions Capital Markets Commercial mortgage origination, net Investment sales
$5B$2.5B$0

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