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

Marcus & Millichap's Operating Expenses history spans 12 years, with the latest figure at $228.5 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 2.08% year-over-year to $228.5 million; the TTM value through Dec 2025 reached $768.9 million, up 5.47%, while the annual FY2025 figure was $768.9 million, 5.47% up from the prior year.
  • Operating Expenses for Q4 2025 was $228.5 million at Marcus & Millichap, up from $196.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $339.2 million in Q2 2022 and bottomed at $149.2 million in Q1 2024.
  • The 4-year median for Operating Expenses is $182.4 million (2023), against an average of $210.5 million.
  • The largest annual shift saw Operating Expenses tumbled 48.84% in 2023 before it grew 27.22% in 2024.
  • A 4-year view of Operating Expenses shows it stood at $256.6 million in 2022, then dropped by 28.51% to $183.4 million in 2023, then grew by 27.22% to $233.4 million in 2024, then fell by 2.08% to $228.5 million in 2025.
  • Per Business Quant, the three most recent readings for MMI's Operating Expenses are $228.5 million (Q4 2025), $196.3 million (Q3 2025), and $181.3 million (Q2 2025).