RE/MAX Q1 Revenue Rises 4% to $185.4M, EPS Beats by $0.02
RMAX•RE/MAX reported Q1 revenue of $185.4 million, up 4% year-over-year, with adjusted EPS of $0.68, beating estimates by $0.02. Active agent count climbed 2% to 134,200, lifting franchising fees by 5% and expanding operating margin by 120 basis points to 28.4%.
1. Q1 Financial Results
RE/MAX delivered consolidated revenue of $185.4 million in Q1 2026, marking a 4% increase from Q1 2025. Net income reached $12.5 million, generating adjusted EPS of $0.68 versus $0.66 in the prior year.
2. Franchise Network Expansion
The active agent network expanded by 2% to 134,200 professionals, driving a 5% rise in franchising fees. Investments in new brand partnerships and technology tools supported stronger agent recruitment and retention.
3. Margin Improvement and Outlook
Operating margin widened by 120 basis points to 28.4% on the back of cost efficiencies and a higher mix of franchise fees. Management reiterated full-year targets of mid-single-digit revenue growth and further margin expansion.
