Marcus & Millichap, Inc. (MMI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MMI Revenue Growth
Revenue Breakdown (FY 2025)
MMI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MMI Revenue Analysis (2014–2025)
As of May 6, 2026, Marcus & Millichap, Inc. (MMI) generated trailing twelve-month (TTM) revenue of $755.2 million, reflecting modest growth of +1.6% year-over-year. The most recent quarter (Q4 2025) recorded $243.9 million in revenue, up 25.8% sequentially.
Looking at the longer-term picture, MMI's 5-year compound annual growth rate (CAGR) stands at +1.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $1.30 billion in 2022.
Revenue diversification analysis shows MMI's business is primarily driven by Real Estate Brokerage Commissions (84%), Financing Fees (14%), and Other Revenues (2%). With over half of revenue concentrated in Real Estate Brokerage Commissions, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including JLL (+11.2% YoY), CBRE (+14.8% YoY), and CWK (+8.9% YoY), MMI has underperformed the peer group in terms of revenue growth. Compare MMI vs JLL →
MMI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MMICurrent | $755M | +1.6% | +1.0% | -1.8% | |
 JLL | $26.1B | +11.2% | +9.5% | 4.5% | |
 CBRE | $40.5B | +14.8% | +11.2% | 3.2% | |
 CWK | $10.3B | +8.9% | +5.6% | 4.5% | |
 BGC | $2.8B | - | - | 16.8% | |
 NMRK | $3.3B | +20.3% | +11.9% | 7.0% |
MMI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $755.2M | +8.5% | $284.7M | 37.7% | $-13,711,000 | -1.8% |
| 2024 | $696.1M | +7.8% | $264.6M | 38.0% | $-32,909,000 | -4.7% |
| 2023 | $645.9M | -50.4% | $239.3M | 37.0% | $-59,368,000 | -9.2% |
| 2022 | $1.30B | +0.4% | $450.8M | 34.6% | $137.4M | 10.6% |
| 2021 | $1.30B | +80.8% | $456.2M | 35.2% | $189.4M | 14.6% |
| 2020 | $716.9M | -11.1% | $269.0M | 37.5% | $53.6M | 7.5% |
| 2019 | $806.4M | -1.0% | $307.6M | 38.1% | $96.4M | 12.0% |
| 2018 | $814.8M | +13.2% | $311.9M | 38.3% | $112.3M | 13.8% |
| 2017 | $719.7M | +0.3% | $273.1M | 38.0% | $96.1M | 13.4% |
| 2016 | $717.5M | +4.1% | $272.7M | 38.0% | $106.5M | 14.8% |
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Start ComparisonMMI — Frequently Asked Questions
Quick answers to the most common questions about buying MMI stock.
Is MMI's revenue growth accelerating or slowing?
MMI revenue growth slowed to +1.6%, below the 5-year CAGR of +1.0%. TTM revenue is $755M. The deceleration marks a shift from historical growth rates.
What is MMI's long-term revenue growth rate?
Marcus & Millichap, Inc.'s 5-year revenue CAGR of +1.0% reflects the variable expansion pattern. Current YoY growth of +1.6% is near this long-term average.
How is MMI's revenue distributed by segment?
MMI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.