Growth Metrics

Marcus & Millichap (MMI) Operating Margin (2016 - 2026)

Marcus & Millichap's Operating Margin history spans 14 years, with the latest figure at 6.32% for Q4 2025.

  • On a quarterly basis, Operating Margin rose 353.0% to 6.32% in Q4 2025 year-over-year; TTM through Dec 2025 was 1.82%, a 291.0% increase, with the full-year FY2025 number at 1.82%, up 291.0% from a year prior.
  • Operating Margin hit 6.32% in Q4 2025 for Marcus & Millichap, up from 1.22% in the prior quarter.
  • Over the last five years, Operating Margin for MMI hit a ceiling of 16.54% in Q4 2021 and a floor 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.
  • Tracing MMI's Operating Margin over 5 years: stood at 16.54% in 2021, then crashed by -87bps to 2.23% in 2022, then plummeted by -564bps to 10.35% in 2023, then skyrocketed by 127bps to 2.79% in 2024, then skyrocketed 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.