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Did Marcus & Millichap Beat Earnings?
Marcus & Millichap (MMI) reported Q2 '26 revenue of $203M, up 17.8% year-over-year, with reported EPS of $0.10. That topped the $0.03 analyst estimate by 233.3% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Marcus & Millichap’s job postings, web traffic, and employee business outlook. See the full MMI stock analysis or the earnings calendar for upcoming reports.
MMI Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $0.03 | $0.10 | Beat +233.3% |
| Q4 '25 | $0.22 | $0.34 | Beat +54.5% |
| Q3 '25 | $0.01 | $0.01 | Met +0.0% |
| Q4 '24 | $-0.02 | $0.22 | Beat +1,200.0% |
Marcus & Millichap Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 169M | 240M | 145M | 172M | 194M | 244M | 171M | 203M |
| Gross margin | 37.8% | 36.8% | 35.2% | 34.5% | 34.8% | 33.9% | 36.8% | 37.6% |
| Operating margin | -6.8% | 2.8% | -12.3% | -4.8% | -0.9% | 6.4% | -3.4% | 1.1% |
| Net income | -5.4M | 8.5M | -4.4M | -11M | 240,000 | 13M | -3.1M | 3.9M |
| Net margin | -3.2% | 3.6% | -3.0% | -6.4% | 0.1% | 5.5% | -1.8% | 1.9% |
| EPS | — | $0.22 | — | — | $0.01 | $0.34 | — | $0.10 |
Marcus & Millichap Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Marcus & Millichap’s quarterly revenue moved from $169M to $203M. Net margin expanded from -3.2% to 1.9%, against a 37.6% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Marcus & Millichap has beaten Wall Street EPS estimates in 4 of its last 4 reported quarters.
When Is Marcus & Millichap’s Next Earnings Date?
Marcus & Millichap reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the MMI earnings calendar.
Frequently Asked Questions: Marcus & Millichap Earnings
Marcus & Millichap's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Marcus & Millichap reported Q2 '26 EPS of $0.10 on revenue of $203M (+17.8% YoY). Marcus & Millichap beat estimates, reporting $0.10 vs. the $0.03 estimate.
Marcus & Millichap reported Q2 '26 revenue of $203M, up 17.8% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the MMI AI Score.
