Newmark Q4 Revenue Grows 15.3% to $1.01B, EPS Beats by 3.3%
Newmark’s Q4 CY2025 revenue rose 15.3% year-on-year to $1.01 billion, matching expectations while non-GAAP EPS of $0.68 beat consensus by 3.3%. The company set full-year 2026 revenue guidance midpoint at $3.75 billion, 3.1% above analyst estimates, with operating margin expanding to 12.3%.
1. Q4 CY2025 Financial Highlights
Newmark’s Q4 CY2025 revenue reached $1.01 billion, up 15.3% year-on-year, matching consensus while adjusted EPS of $0.68 per share surpassed estimates by 3.3%. Adjusted EBITDA margin held at 21.3%, generating $214 million in EBITDA.
2. 2026 Guidance Above Estimates
The company issued full‐year 2026 guidance with a revenue midpoint of $3.75 billion, 3.1% above analysts’ forecasts, alongside adjusted EPS guidance of $1.87 and EBITDA guidance of $655 million, both in line with expectations.
3. Margin Expansion and Cash Flow
Operating margin improved to 12.3% from 10% in the prior year, and free cash flow margin rose to 60.5% from 45.4%, reflecting enhanced operational efficiency and strong cash conversion.