Q2 2026 Newmark Group Inc Earnings Call Transcript

Jul 29, 2026 / 02:00 PM GMT

Release Date Price: $14.89 (-8.06%)

Transcript 10-Q8-K

Key Points

Positve

Newmark Group Inc (NMRK) reported double-digit year-on-year revenue growth for 11 consecutive quarters in capital markets.
The company achieved a 17% increase in total revenue and a 26% rise in adjusted EPS.
Management and servicing revenues increased by 18%, marking the fourth consecutive record quarter for these businesses.
Leasing fees rose by 17% to an all-time best second quarter, driven by higher office volumes in key markets.
Capital markets revenues grew by 16%, reflecting a broad recovery across property types and international growth.

Negative

Total expenses increased by 16.6%, driven by commission and pass-through expense growth and global growth initiatives.
The company's tax rate for adjusted earnings increased to 14.7% from 14% last year.
There was lower origination activity due to significant transactions in the prior year quarter.
Despite strong performance, the company did not increase its guidance, citing tougher comparisons in the second half of the year.
The office-to-multifamily conversion market faces challenges, with high costs and recent construction issues in New York impacting progress.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NMRK.OQ - Newmark Group Inc
Q2 2026 Newmark Group Inc Earnings Call
Jul 29, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Newmark Q2 2026 public financial results call.

Today's conference is being recorded at this time, I'd like to turn the conference over to Jason McGruder, head of investor relations, please go ahead, sir.

Thank you, operator, and good morning.

Newmark issued its second quarter 2026 financial results press release earlier today, unless otherwise stated these results

Compare only the 3 months ending June 30th, 2026 with a year earlier period.

Except as otherwise stated, we'll be referring to results only on a non-GAAP basis, including the terms adjusted earnings, adjusted EBITA, and adjusted free cash flow, unless otherwise stated, any figures discussed today with

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