Marcus & Millichap (MMI) Operating Expenses (2012 - 2026)

Marcus & Millichap (MMI) has 15 years of Operating Expenses data on file, last reported at $177.2 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 8.91% year-over-year to $177.2 million; the trailing twelve-month figure through Mar 2026 stood at $783.4 million (up 5.5% YoY), and the FY2025 full-year result was $768.9 million, up 5.47% from the prior year.
• Operating Expenses slipped to $177.2 million in Q1 2026, from $228.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $339.2 million in Q2 2022 to a low of $149.2 million in Q1 2024.
• A 5-year average of $208.5 million and a median of $181.3 million in 2025 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses soared 68.04% in 2022 and plunged 48.84% in 2023, its largest moves.
• Tracing MMI's Operating Expenses over 5 years: stood at $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 retreated by 2.08% to $228.5 million in 2025, then dropped by 22.44% to $177.2 million in 2026.
• Business Quant data shows MMI's Operating Expenses at $177.2 million in Q1 2026, $228.5 million in Q4 2025, and $196.3 million in Q3 2025.