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Marcus & Millichap (MMI) Operating Expenses (2016 - 2025)

Marcus & Millichap (MMI) has disclosed Operating Expenses for 14 consecutive years, with $228.5 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses fell 2.08% to $228.5 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $768.9 million through Dec 2025, up 5.47% year-over-year, with the annual reading at $768.9 million for FY2025, 5.47% up from the prior year.
  • Operating Expenses hit $228.5 million in Q4 2025 for Marcus & Millichap, up from $196.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $413.2 million in Q4 2021 to a low of $149.2 million in Q1 2024.
  • Historically, Operating Expenses has averaged $223.7 million across 5 years, with a median of $189.9 million in 2023.
  • Biggest five-year swings in Operating Expenses: soared 102.76% in 2021 and later crashed 48.84% in 2023.
  • Year by year, Operating Expenses stood at $413.2 million in 2021, then crashed by 37.91% to $256.6 million in 2022, then decreased by 28.51% to $183.4 million in 2023, then increased by 27.22% to $233.4 million in 2024, then dropped by 2.08% to $228.5 million in 2025.
  • Business Quant data shows Operating Expenses for MMI at $228.5 million in Q4 2025, $196.3 million in Q3 2025, and $181.3 million in Q2 2025.