Jun 2026 (Q2 FY26) — Aug 6, 2026
Marcus & Millichap Q2 FY26 — Broad-Based Recovery and Profitability Improvement
Read the full callMarcus & Millichap earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 203 | +17.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 1.1 | +6.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.9 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $29.28 on 17 Oct 2025 → $27.34. High $32.75 (19 Aug 2026), low $25.01 (12 Feb 2026).
Overview
Call summaries
Marcus & Millichap Q2 FY26 — Broad-Based Recovery and Profitability Improvement
Read the full callEvery analysed call
Financials
Net profit, year on year: +135% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 169 | 240 | 145 | 172 | 194 | 244 | 171 | 203 |
| Operating profit | -11 | 7 | -18 | -9 | -2 | 15 | -6 | 2 |
| Operating margin | −6.8% | 2.8% | −12.2% | −5.3% | −1.2% | 6.3% | −3.4% | 1.1% |
| Other income | 5 | 5 | 4 | 5 | 4 | 4 | 4 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -6 | 11 | -14 | -4 | 1 | 19 | -2 | 6 |
| Tax rate | 15.2% | 25.6% | 68.2% | −194.5% | 83.7% | 30.8% | −43.1% | 37.6% |
| Net profit | -5 | 9 | -4 | -11 | 0 | 13 | -3 | 4 |
| EPS ($ per share) | -0.14 | — | -0.11 | -0.28 | 0.01 | — | -0.08 | 0.10 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 311 | 388 | 431 | 574 | 586 | 492 | 459 | 410 |
| Total liabilities | 157 | 214 | 232 | 349 | 290 | 233 | 239 | 224 |
| Fixed assets | 20 | 23 | 23 | 23 | 28 | 27 | 26 | 24 |
| Total assets | 566 | 709 | 779 | 1,045 | 1,004 | 878 | 870 | 827 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 117 | 25 | 38 | 256 | 14 | -72 | 22 | 67 |
| Cash from investing | -118 | -3 | -17 | -108 | -54 | 75 | -10 | -4 |
| Cash from financing | -5 | -4 | -10 | -6 | -106 | -68 | -29 | -55 |
| Net cash flow | -6 | 18 | 10 | 139 | -146 | -65 | -17 | 8 |
| Capital expenditure | -8 | -9 | -7 | -7 | -12 | -9 | -8 | -8 |
| Free cash flow | 109 | 16 | 31 | 249 | 2 | -82 | 14 | 59 |
76 filings between Dec 5, 2025 and Sep 14, 2026.
Purchases
None
No insider bought shares.
Sales
$48.5K
2 sales by 1 insider
Also filed: 9 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Nadji Hessam | — | $48.5K | Jun 11, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 14, 2026 | Nadji Hessam Chief Executive Officer | Gift | 700 | $0 |
| Sep 10, 2026 | Nadji Hessam Chief Executive Officer | Option exercise | 30,000 | $0 |
| Sep 10, 2026 | Nadji Hessam Chief Executive Officer | Tax withheld | 15,264 | $0 |
| Aug 14, 2026 | Nadji Hessam Chief Executive Officer | Gift | 945 | $0 |
| Aug 10, 2026 | Parker John David EVP & COO | Option exercise | 2,808 | — |
| Aug 10, 2026 | Parker John David EVP & COO | Tax withheld | 1,434 | $44.0K |
| Aug 10, 2026 | DeGennaro Steven F. EVP and CFO | Tax withheld | 761 | $23.3K |
| Aug 10, 2026 | DeGennaro Steven F. EVP and CFO | Option exercise | 1,500 | — |
| Jun 11, 2026 | Nadji Hessam Chief Executive Officer | Sale | 500 | $15.2K |
| Jun 10, 2026 | Nadji Hessam Chief Executive Officer | Gift | 500 | $0 |
| Jun 10, 2026 | Nadji Hessam Chief Executive Officer | Gift | 4,500 | $0 |
| May 8, 2026 | Parker John David EVP & COO | Option exercise | 2,000 | — |
| May 8, 2026 | Parker John David EVP & COO | Tax withheld | 1,021 | $31.1K |
| Apr 30, 2026 | Watters Don C. Director | Award | 2,698 | $75.0K |
| Apr 30, 2026 | McClanahan Nicholas F. Director | Award | 2,698 | $75.0K |
| Apr 30, 2026 | MARTIN LAURALEE Director | Award | 2,698 | $75.0K |
| Apr 30, 2026 | English Dixon Collete Director | Award | 2,698 | $75.0K |
| Apr 30, 2026 | Lawrence Norma J. Director | Award | 2,698 | $75.0K |
| Apr 30, 2026 | SHAHEEN GEORGE T Director | Award | 2,698 | $75.0K |
| Apr 30, 2026 | MARCUS GEORGE M Director | Award | 2,698 | $75.0K |
| Mar 13, 2026 | Nadji Hessam Chief Executive Officer | Sale | 1,300 | $33.3K |
| Mar 12, 2026 | Nadji Hessam Chief Executive Officer | Gift | 1,300 | $0 |
| Mar 11, 2026 | Nadji Hessam Chief Executive Officer | Gift | 5,700 | $0 |
| Mar 10, 2026 | Nadji Hessam Chief Executive Officer | Tax withheld | 9,326 | $246.5K |
| Mar 10, 2026 | Nadji Hessam Chief Executive Officer | Option exercise | 18,400 | — |
| Mar 10, 2026 | Nadji Hessam Chief Executive Officer | Tax withheld | 9,326 | $246.5K |
| Mar 10, 2026 | Nadji Hessam Chief Executive Officer | Option exercise | 18,400 | — |
| Mar 10, 2026 | DeGennaro Steven F. EVP and CFO | Option exercise | 2,500 | — |
| Mar 10, 2026 | DeGennaro Steven F. EVP and CFO | Tax withheld | 3,278 | $86.6K |
| Mar 10, 2026 | DeGennaro Steven F. EVP and CFO | Option exercise | 8,854 | — |
| Mar 10, 2026 | Nadji Hessam Chief Executive Officer | Tax withheld | 9,326 | $246.5K |
| Mar 10, 2026 | Nadji Hessam Chief Executive Officer | Option exercise | 18,400 | — |
| Mar 10, 2026 | Nadji Hessam Chief Executive Officer | Tax withheld | 5,836 | $154.2K |
| Mar 10, 2026 | DeGennaro Steven F. EVP and CFO | Option exercise | 1,329 | — |
| Mar 10, 2026 | Nadji Hessam Chief Executive Officer | Option exercise | 11,515 | — |
| Mar 10, 2026 | DeGennaro Steven F. EVP and CFO | Option exercise | 2,140 | — |
| Mar 10, 2026 | LaBerge Gregory A. SVP & Chief Client Officer | Tax withheld | 472 | $12.5K |
| Mar 10, 2026 | LaBerge Gregory A. SVP & Chief Client Officer | Option exercise | 1,318 | — |
| Mar 10, 2026 | Nadji Hessam Chief Executive Officer | Tax withheld | 7,298 | $192.9K |
| Mar 10, 2026 | LaBerge Gregory A. SVP & Chief Client Officer | Tax withheld | 1,912 | $50.5K |
| Mar 10, 2026 | LaBerge Gregory A. SVP & Chief Client Officer | Option exercise | 5,352 | — |
| Mar 10, 2026 | DeGennaro Steven F. EVP and CFO | Tax withheld | 764 | $20.2K |
| Mar 10, 2026 | LaBerge Gregory A. SVP & Chief Client Officer | Tax withheld | 365 | $9.6K |
| Mar 10, 2026 | DeGennaro Steven F. EVP and CFO | Tax withheld | 475 | $12.6K |
| Mar 10, 2026 | DeGennaro Steven F. EVP and CFO | Option exercise | 1,317 | — |
| Mar 10, 2026 | DeGennaro Steven F. EVP and CFO | Tax withheld | 470 | $12.4K |
| Mar 10, 2026 | LaBerge Gregory A. SVP & Chief Client Officer | Option exercise | 1,020 | — |
| Mar 10, 2026 | LaBerge Gregory A. SVP & Chief Client Officer | Tax withheld | 275 | $7.3K |
| Mar 10, 2026 | LaBerge Gregory A. SVP & Chief Client Officer | Option exercise | 769 | — |
| Mar 10, 2026 | LaBerge Gregory A. SVP & Chief Client Officer | Tax withheld | 442 | $11.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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