Newmark publishes Q3 2026 earnings call transcript
NMRK•Newmark revised its 2026 revenue outlook to $3.7 billion–$3.8 billion and forecast adjusted EPS of $1.80–$1.90. Third-quarter revenue rose 12.7% to $973.2 million, while adjusted EPS increased 14.3% to $0.48.
1. Outlook and results
Newmark revised its 2026 revenue outlook to $3.7 billion–$3.8 billion and forecast adjusted EPS of $1.80–$1.90. Adjusted EBITDA is forecast at $629 million–$667 million, up 12%–19%. Third-quarter revenue rose 12.7% to $973.2 million, and adjusted EPS increased 14.3% to $0.48.
2. Management expectations
Management sees 2027 earnings within 10% of 2026 levels, excluding acquisitions. It said prolonged rate volatility could cut capital markets activity 20%–30%.
