Marcus & Millichap (MMI) Operating Margin (2012 - 2026)
Marcus & Millichap (MMI) posted Operating Margin of 3.37% for Q1 2026, down 153.3% sequentially from 6.32% in Q4 2025, and up 884.0% YoY from 0.34% in Q1 2025.
Marcus & Millichap (MMI) Operating Margin (2012 - 2026) Analysis & Trends
Marcus & Millichap has reported Operating Margin for 15 years, with the latest figure at 3.37% in Q1 2026.
- Quarterly Operating Margin rose 884.0% year-over-year to 3.37% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.23% (up 406.0% YoY) and the FY2025 annual result came in at 1.82%, up 291.0% from the prior year.
- Operating Margin declined to 3.37% in Q1 2026 per MMI's latest filing, from 6.32% in the prior quarter.
- Over five years, Operating Margin peaked at 14.33% in Q2 2022 and troughed at 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.
- The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 2423 bps in 2023, then surged 1314 bps in 2024.
- Over 5 years, Operating Margin stood at 2.23% in 2022, then slumped 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 sank by 153 bps to 3.37% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 3.37%, 6.32%, and 1.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 44.29 Bn | 42.80 Bn | 2.09 Bn | 3.25% |
| 2 | KE Holdings | 19.43 Bn | 16.55 Bn | 661.06 Mn | 6.74% |
| 3 | Jones Lang Lasalle | 17.82 Bn | 17.37 Bn | - | 4.20% |
| 4 | Costar | 12.95 Bn | 11.68 Bn | 728.00 Mn | 8.22% |
| 5 | Compass | 8.89 Bn | 8.20 Bn | 3.88 Bn | 2.88% |
| 6 | FirstService | 6.64 Bn | 6.41 Bn | 480.66 Mn | 6.88% |
| 7 | Colliers International | 5.47 Bn | 5.41 Bn | 635,105.00 Bn | 0.00% |
| 8 | Cushman & Wakefield | 3.44 Bn | 2.94 Bn | 512.00 Mn | 4.86% |
| 9 | Opendoor Technologies | 3.35 Bn | 2.45 Bn | 86.00 Mn | -16.31% |
| 10 | Marcus & Millichap | 1.24 Bn | 1.03 Bn | - | 1.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.09% |
| 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% |