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Marcus & Millichap profit margin MMI

Gross, operating and net profit as a share of revenue over the last twelve months, from 2012.

Net margin, 12 months
1.8%
Operating margin, 12 months
1.2%
Net margin on a year earlier
+3.5 pts
Peer median
10.9%

Over the twelve months to Jun 30, 2026, Marcus & Millichap kept 1.8% of its revenue as net profit, with an operating margin of 1.2%.

Five years earlier its net margin was 8.7%.

The median for 10 real Estate services stocks of a similar size is 10.9%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−0.3%−1.8%n/a
FY2024−1.8%−4.7%n/a
FY2023−5.3%−9.2%n/a
FY20228.0%10.6%n/a
FY202111.0%14.6%n/a
FY20206.0%7.5%n/a
FY20199.5%12.0%n/a
FY201810.7%13.8%38.3%
FY20177.2%13.4%38.0%
FY20169.0%14.8%38.0%
FY20159.6%16.6%38.6%
FY20148.7%14.8%38.8%
FY20131.9%4.9%39.3%
FY20127.2%12.7%40.3%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY261.8%+3.5 pts1.2%
Q1 FY26−0.1%+0.9 pts−0.2%
Q4 FY25−0.3%+1.5 pts−1.8%
Q3 FY25−0.9%+4.1 pts−3.0%
Q2 FY25−1.7%+4.0 pts−4.3%
Q1 FY25−1.0%+5.2 pts−4.3%
Q4 FY24−1.8%+3.5 pts−4.7%
Q3 FY24−5.0%−2.9 pts−9.1%
Q2 FY24−5.7%−7.3 pts−9.9%
Q1 FY24−6.2%−11.9 pts−10.2%
Q4 FY23−5.3%−13.3 pts−9.2%
Q3 FY23−2.1%−12.5 pts−4.9%

Against its peers

Companies in Real Estate - Services nearest Marcus & Millichap's size, closest first, today.

Where Marcus & Millichap ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Marcus & Millichap

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.