Marcus & Millichap (MMI) Operating Margin (2012 - 2026)
Marcus & Millichap (MMI) reported Operating Margin of 3.37% for Q1 2026, up 884.0% on a YoY basis from 0.34% in Q1 2025, and down 153.3% sequentially from 6.32% in Q4 2025.
Marcus & Millichap (MMI) Operating Margin (2012 - 2026) Analysis & Trends
Marcus & Millichap (MMI) has 15 years of Operating Margin data on file, last reported at 3.37% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 884.0% year-over-year to 3.37%; the trailing twelve-month figure through Mar 2026 stood at 0.23% (up 406.0% YoY), and the FY2025 full-year result was 1.82%, up 291.0% from the prior year.
- Operating Margin declined to 3.37% in Q1 2026, from 6.32% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 14.33% in Q2 2022 to a low of 15.57% in Q1 2024.
- A 5-year average of 2.2% and a median of 5.08% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 2423 bps in 2023 and soared 1314 bps in 2024, its largest moves.
- Tracing MMI's Operating Margin over 5 years: stood at 2.23% in 2022, then tumbled by 564 bps to 10.35% in 2023, then surged by 127 bps to 2.79% in 2024, then surged by 126 bps to 6.32% in 2025, then slumped by 153 bps to 3.37% in 2026.
- Business Quant data shows MMI's Operating Margin at 3.37% in Q1 2026, 6.32% in Q4 2025, and 1.22% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Colliers International | 4,798.15 Bn | 4,797.86 Bn | - | 2.67% |
| 2 | IHS Holding | 60.96 Bn | 61.13 Bn | 231.80 | 84.86% |
| 3 | KE Holdings | 53.48 Bn | 50.59 Bn | 661.06 Mn | 6.74% |
| 4 | Cbre | 39.71 Bn | 39.92 Bn | 1.85 Bn | 4.85% |
| 5 | Jones Lang Lasalle | 14.96 Bn | 14.65 Bn | - | 3.20% |
| 6 | Costar | 11.08 Bn | 9.80 Bn | 701.00 Mn | 0.33% |
| 7 | Compass | 7.92 Bn | 7.44 Bn | 2.31 Bn | -12.98% |
| 8 | FirstService | 6.01 Bn | 6.28 Bn | 480.66 Mn | 6.88% |
| 9 | Opendoor Technologies | 3.69 Bn | 2.69 Bn | 72.00 Mn | -22.08% |
| 10 | Marcus & Millichap | 1.14 Bn | 949.56 Mn | - | -3.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.37% |
| Dec 31, 2025 | 6.32% |
| Sep 30, 2025 | -1.22% |
| Jun 30, 2025 | -5.25% |
| Mar 31, 2025 | -12.21% |
| Dec 31, 2024 | 2.79% |
| Sep 30, 2024 | -6.80% |
| Jun 30, 2024 | -5.08% |
| Mar 31, 2024 | -15.57% |
| Dec 31, 2023 | -10.35% |
| Sep 30, 2023 | -9.52% |
| Jun 30, 2023 | -6.55% |
| Mar 31, 2023 | -10.38% |
| Dec 31, 2022 | 2.23% |
| Sep 30, 2022 | 9.43% |
| Jun 30, 2022 | 14.33% |
| Mar 31, 2022 | 13.85% |
| Dec 31, 2021 | 16.54% |
| Sep 30, 2021 | 13.74% |
| Jun 30, 2021 | 14.60% |