Marcus & Millichap (MMI) Operating Margin (2012 - 2026)
Marcus & Millichap (MMI) reported Operating Margin of 1.09% for Q2 2026, up 6.34 percentage points from -5.25% a year earlier and up 4.46 percentage points from the prior quarter.
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Analysis
Marcus & Millichap (MMI) Operating Margin (2012 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Marcus & Millichap's Operating Margin came in at 1.17%, up 5.51 percentage points year-over-year; for FY2025, it came in at -1.82%, up 2.91 percentage points from FY2024.
- Operating Margin has a five-year change of -9.29 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at -4.73% in FY2024 (+4.46 pp), -9.19% in FY2023 (-19.75 pp), 10.56% in FY2022 (-4.05 pp) and 14.61% in FY2021 (+7.13 pp).
- Five-year quarterly Operating Margin spans a low of -15.57% in Q1 2024 and a high of 16.54% in Q4 2021.
- Year over year, Operating Margin has now increased in each of the last four quarters, with an average year-over-year change of +5.42 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q4 2024 (a gain of 13.14 percentage points); the low point was Q1 2023 (a drop of 24.23 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -3.37% (Q1 2026), 6.32% (Q4 2025) and -1.22% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cbre | 37.92 Bn | 31.69 Bn | 2.09 Bn | 3.25% |
| 2 | KE Holdings | 37.35 Bn | 18.06 Bn | 1.03 Bn | 12.33% |
| 3 | Jones Lang Lasalle | 14.31 Bn | 12.53 Bn | - | 4.20% |
| 4 | Compass | 6.79 Bn | 5.25 Bn | - | 2.88% |
| 5 | Colliers International | 4.60 Bn | 3.67 Bn | 635.11 Mn | 0.05% |
| 6 | Cushman & Wakefield | 2.75 Bn | 233.71 Mn | 512.00 Mn | 4.86% |
| 7 | Newmark | 1.99 Bn | 1.36 Bn | - | 4.55% |
| 8 | Marcus & Millichap | 1.10 Bn | 195.57 Mn | - | 1.09% |
| 9 | Agnt | 593.27 Mn | 122.95 Mn | 98.80 Mn | 0.11% |
| 10 | Rmr | 587.71 Mn | 512.17 Mn | - | -6.04% |
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% |
API Access
Marcus & Millichap Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=MMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();