Newmark Group Reports Stronger-Than-Expected Second Quarter Results
Newmark Group (NASDAQ:NMRK) reported second-quarter results that exceeded expectations, with non-GAAP earnings per share of $0.39, beating estimates by $0.01 and revenue reaching $888.4 million, surpassing forecasts by $26.56 million. The company's quarterly performance reflects a 17% year-over-year increase in revenue to $888.4M. Newmark also provided its full-year outlook for FY 2026, projecting total revenues between $3.775 billion and $3.875 billion with adjusted earnings per share expected to range from $1.87 to $1.98. The company anticipates a tax rate of 13%–15%, up slightly from the FY 2025 actual rate of 11.4%. Adjusted EBITDA is forecast between $656 million and $694 million, representing growth of 17% to 23% year-over-year. The results highlight Newmark's strong performance in a competitive real estate market and reinforce its position as a key player in commercial property services.
Tickers: $NMRK
Topics: Earnings Financial Performance Real Estate