Marcus & Millichap (MMI) Operating Margin (2012 - 2026)
Marcus & Millichap's (MMI) quarterly Operating Margin came in at 1.09% in Q2 2026, up 634.0% year-over-year from 0.15% in Q2 2025, and up 132.38% quarter-over-quarter from 3.37% in Q1 2026.
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Marcus & Millichap (MMI) Operating Margin (2012 - 2026) Analysis & Trends
Marcus & Millichap has disclosed Operating Margin across 15 years of filings, most recently posting 1.09% for Q2 2026.
- In Q2 2026, Operating Margin rose 634.0% year-over-year to 1.09%; the TTM figure through Jun 2026 stood at 1.17% (up 551.0% YoY), while the FY2025 annual figure was 1.82%, up 291.0% from the prior year.
- Operating Margin came in at 1.09% for Q2 2026 at Marcus & Millichap, up from 3.37% 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.
- Average Operating Margin over 5 years is 2.01%, with a median of 4.22% recorded in 2024.
- Year-over-year, Operating Margin tumbled 2423 bps in 2023 and jumped 1314 bps in 2024.
- Over 5 years, Operating Margin stood at 2.23% in 2022, then plunged by 564 bps to 10.35% in 2023, then soared by 127 bps to 2.79% in 2024, then soared by 126 bps to 6.32% in 2025, then sank by 83 bps to 1.09% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 1.09% in Q2 2026, 3.37% in Q1 2026, and 6.32% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 40.36 Bn | 38.87 Bn | 2.09 Bn | 3.25% |
| 2 | Jones Lang Lasalle | 15.86 Bn | 15.41 Bn | - | 4.20% |
| 3 | Colliers International | 4.67 Bn | 4.41 Bn | 635.11 Mn | 6.26% |
| 4 | Cushman & Wakefield | 3.01 Bn | 2.51 Bn | 512.00 Mn | 4.86% |
| 5 | Marcus & Millichap | 1.17 Bn | 959.03 Mn | - | 1.09% |
| 6 | Rmr | 320.54 Mn | 262.34 Mn | 151.79 Mn | -6.04% |
| 7 | Comstock Holding Companies | 215.44 Mn | 190.11 Mn | 7.98 Mn | 29.43% |
| 8 | Reitar Logtech Holdings | 5.34 Mn | 4.24 Mn | - | - |
Historic Data
Download Data
Historic 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% |