Marcus & Millichap Reports Q3 2026 Revenue Growth Amid Interest Rate Volatility
Marcus & Millichap (MMI) reported third-quarter 2026 financial results characterized by a 7.5% year-over-year increase in total revenue to $208.4 million. The growth was primarily driven by higher sales volumes in the middle market and larger transaction segments, with brokerage commissions rising 7.4% to $174.1 million. Adjusted EBITDA also saw an improvement, reaching $8.2 million compared to $6.9 million in the prior year. Despite the top-line growth, management highlighted significant headwinds caused by interest rate volatility, which continues to impact transaction velocity and property valuations. CEO Hessam Nadji noted that frequent fluctuations in treasury yields have led to deal repricing and challenges for new producers. To counter these market conditions, the company is focusing on strategic investments in technology, AI-enabled systems, and the expansion of its retail leasing division.
Tickers: $MMI
Topics: adjusted EBITDA brokerage commissions net income revenue growth