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Marcus & Millichap (MMI) Operating Expenses (2016 - 2026)

Marcus & Millichap's Operating Expenses history spans 14 years, with the latest figure at $228.5 million for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 2.08% to $228.5 million in Q4 2025 year-over-year; TTM through Dec 2025 was $768.9 million, a 5.47% increase, with the full-year FY2025 number at $768.9 million, up 5.47% from a year prior.
  • Operating Expenses hit $228.5 million in Q4 2025 for Marcus & Millichap, up from $196.3 million in the prior quarter.
  • Over the last five years, Operating Expenses for MMI hit a ceiling of $413.2 million in Q4 2021 and a floor 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.
  • Tracing MMI's Operating Expenses over 5 years: stood at $413.2 million in 2021, then tumbled by 37.91% to $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.
  • 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.