RE/MAX Holdings, Inc. (RMAX) Revenue History
Annual and quarterly revenue from 2011 to present
RMAX Revenue Over Time (2011–2025)
RMAX Revenue Growth History
9 of 14 years with positive growth- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- +3.9%
- FY2013 revenue growth
- +10.6%
- FY2014 revenue growth
- +7.6%
- FY2015 revenue growth
- +3.4%
- FY2016 revenue growth
- -0.3%
- FY2017 revenue growth
- +11.1%
- FY2018 revenue growth
- +8.5%
- FY2019 revenue growth
- +32.8%
- FY2020 revenue growth
- -5.8%
- FY2021 revenue growth
- +23.9%
- FY2022 revenue growth
- +7.2%
- FY2023 revenue growth
- -7.8%
- FY2024 revenue growth
- -5.5%
- FY2025 revenue growth
- -5.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $70.2M | -5.7% |
| Q4 2025 | $71.1M | -1.8% |
| Q3 2025 | $73.2M | -6.7% |
| Q2 2025 | $72.8M | -7.3% |
| Q1 2025 | $74.5M | -4.9% |
| Q4 2024 | $72.5M | -5.4% |
| Q3 2024 | $78.5M | -3.4% |
| Q2 2024 | $78.5M | -4.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
RMAX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
RMAX Revenue Analysis (2011–2025)
Current Revenue & Growth
As of June 22, 2026, RE/MAX Holdings, Inc. (RMAX) generated trailing twelve-month (TTM) revenue of $287.4 million, reflecting moderate decline in growth of -5.7% year-over-year. The most recent quarter (Q1 2026) recorded $70.2 million in revenue, down 1.3% sequentially.
Historical Growth Trajectory
RMAX's 5-year compound annual growth rate (CAGR) stands at +1.9%, indicating moderate growth over time. The 3-year CAGR of -6.2% is below the 5-year average, signalling a growth deceleration in recent years. RE/MAX Holdings, Inc.'s highest annual revenue of $353.4 million was recorded in 2022.
Revenue by Segment
RMAX's revenue is primarily driven by Continuing franchise fees (57%), Brokerage (27%), and Annual dues (15%). With over half of revenue concentrated in Continuing franchise fees, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including EXPI (+5.3% YoY), DOUG (-5.2% YoY), and HOUS (+5.3% YoY) — RMAX has underperformed the peer group in revenue growth. Compare RMAX vs EXPI →
RMAX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RMAXCurrent | $287M | -5.7% | +1.9% | 15.6% | |
 EXPI | $4.8B | +5.3% | +21.6% | -0.4% | |
 DOUG | $1.0B | -5.2% | +5.9% | -5.9% | |
 HOUS | $5.7B | +5.3% | -0.6% | 1.1% | |
 COMP | $7.0B | +40.1% | +13.3% | -0.4% | |
 OPAD | $568M | -38.7% | -11.8% | -5.9% |
RMAX Historical Revenue Data (2011–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $291.6M | -5.2% | $168.1M | 57.6% | $45.5M | 15.6% |
| 2024 | $307.7M | -5.5% | $228.7M | 74.3% | $40.2M | 13.1% |
| 2023 | $325.7M | -7.8% | $241.8M | 74.2% | $-10,637,000 | -3.3% |
| 2022 | $353.4M | +7.2% | $263.1M | 74.4% | $38.2M | 10.8% |
| 2021 | $329.7M | +23.9% | $247.3M | 75.0% | $-9,931,000 | -3.0% |
| 2020 | $266.0M | -5.8% | $201.6M | 75.8% | $38.6M | 14.5% |
| 2019 | $282.3M | +32.8% | $210.0M | 74.4% | $69.0M | 24.4% |
| 2018 | $212.6M | +8.5% | $191.9M | 90.3% | $77.9M | 36.6% |
| 2017 | $195.9M | +11.1% | $175.4M | 89.5% | $100.2M | 51.2% |
| 2016 | $176.3M | -0.3% | $160.2M | 90.9% | $72.4M | 41.1% |
| 2015 | $176.9M | +3.4% | $161.7M | 91.4% | $74.2M | 41.9% |
| 2014 | $171.0M | +7.6% | $171.0M | 100.0% | $63.8M | 37.3% |
| 2013 | $158.9M | +10.6% | $158.9M | 100.0% | $47.1M | 29.6% |
| 2012 | $143.7M | +3.9% | $143.7M | 100.0% | $45.5M | 31.7% |
| 2011 | $138.3M | - | $138.3M | 100.0% | $38.5M | 27.8% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
15+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
RMAX — Frequently Asked Questions
Quick answers to the most common questions about buying RMAX stock.
Is RMAX's revenue growth accelerating or slowing?
RMAX revenue is declining -5.7% year-over-year. TTM revenue fell to $287M, contrasting with the 5-year CAGR of +1.9%. The reversal reflects either macro headwinds or company-specific challenges.
What is RMAX's revenue history from 2011 to 2026?
RE/MAX Holdings, Inc. (RMAX) revenue history spans 2011 to 2026. TTM revenue as of 2026 is $287M, growing at -5.7% YoY. The 5-year CAGR is +1.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is RMAX's long-term revenue growth rate (CAGR)?
RE/MAX Holdings, Inc.'s 5-year revenue CAGR of +1.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -5.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for RMAX.
Why does RMAX's quarterly revenue fluctuate?
RMAX quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. RE/MAX Holdings, Inc.'s revenue data from 2011 to 2026 shows full historical quarterly detail on this page.
How is RMAX's revenue distributed by segment?
RMAX reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does RMAX's revenue compare to industry peers?
RE/MAX Holdings, Inc. (RMAX) with TTM revenue of $287M and -5.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.