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Marcus & Millichap (MMI) Operating Leases (2019 - 2025)

Marcus & Millichap (MMI) has disclosed Operating Leases for 7 consecutive years, with $59.5 million as the latest value for Q4 2025.

  • Quarterly Operating Leases fell 9.5% to $59.5 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $59.5 million through Dec 2025, down 9.5% year-over-year, with the annual reading at $59.5 million for FY2025, 9.5% down from the prior year.
  • Operating Leases hit $59.5 million in Q4 2025 for Marcus & Millichap, roughly flat from $59.3 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $82.8 million in Q1 2023 to a low of $58.3 million in Q4 2021.
  • Historically, Operating Leases has averaged $69.6 million across 5 years, with a median of $68.0 million in 2023.
  • Biggest five-year swings in Operating Leases: soared 41.6% in 2021 and later decreased 22.2% in 2022.
  • Year by year, Operating Leases stood at $58.3 million in 2021, then increased by 11.61% to $65.1 million in 2022, then rose by 6.6% to $69.4 million in 2023, then fell by 5.34% to $65.7 million in 2024, then dropped by 9.5% to $59.5 million in 2025.
  • Business Quant data shows Operating Leases for MMI at $59.5 million in Q4 2025, $59.3 million in Q3 2025, and $63.8 million in Q2 2025.