Growth Metrics

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

Marcus & Millichap (MMI) has disclosed Operating Margin for 14 consecutive years, with 6.32% as the latest value for Q4 2025.

  • Quarterly Operating Margin rose 353.0% to 6.32% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 1.82% through Dec 2025, up 291.0% year-over-year, with the annual reading at 1.82% for FY2025, 291.0% up from the prior year.
  • Operating Margin hit 6.32% in Q4 2025 for Marcus & Millichap, up from 1.22% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 16.54% in Q4 2021 to a low of 15.57% in Q1 2024.
  • Historically, Operating Margin has averaged 1.09% across 5 years, with a median of 0.5% in 2022.
  • Biggest five-year swings in Operating Margin: skyrocketed 1683bps in 2021 and later plummeted -2423bps in 2023.
  • Year by year, Operating Margin stood at 16.54% in 2021, then plummeted by -87bps to 2.23% in 2022, then tumbled by -564bps to 10.35% in 2023, then surged by 127bps to 2.79% in 2024, then surged by 126bps to 6.32% in 2025.
  • Business Quant data shows Operating Margin for MMI at 6.32% in Q4 2025, 1.22% in Q3 2025, and 5.25% in Q2 2025.