Newmark Group Reports 19.8% Revenue Growth to $759.1 Million in Q2 2025

Newmark Group, Inc. reported significant financial performance for the second quarter of 2025, with total revenues reaching $759.1 million, a 19.8% increase from $633.4 million in the same period of 2024. For the first half of 2025, revenues totaled $1.42 billion, up 20.7% from $1.18 billion year-over-year. The company’s net income available to common stockholders was $20.8 million, or $0.12 per share, compared to $14.3 million, or $0.08 per share, in the prior year. This growth was driven by increases across all major revenue segments, particularly in Capital Markets, which saw a 37.9% rise to $223.5 million, fueled by a 135% increase in total debt volumes.

In terms of operational metrics, Newmark's Management Services, Servicing Fees, and Other revenues increased by 13.6% to $298.4 million, while Leasing and Other Commissions rose by 13.8% to $237.3 million. The company attributed these increases to strong performance in retail and office transactions, as well as growth in its high-margin servicing and asset management platform. The total assets of Newmark as of June 30, 2025, were reported at $5.39 billion, up from $4.71 billion at the end of 2024, reflecting a robust balance sheet bolstered by increased loan originations.

Strategically, Newmark has continued to expand its market presence, particularly in the U.S. and U.K., where it has seen increased demand for its services. The company’s loan servicing and asset management portfolio reached $182 billion, with a significant portion attributed to GSE/FHA loans. Newmark's geographic expansion and the addition of revenue-generating professionals have been key to its growth, with a stable or slightly increasing headcount contributing to productivity gains.

The company also reported a notable increase in expenses, with total operating expenses rising to $716.6 million, primarily due to higher compensation and employee benefits, which increased by 20.5% to $455 million. Equity-based compensation and allocations of net income to limited partnership units surged by 136% to $60.1 million, reflecting the timing of grants and the company’s growth initiatives. Despite these rising costs, Newmark's operational efficiency and revenue growth have allowed it to maintain a positive net income.

Looking ahead, Newmark anticipates continued growth driven by favorable market conditions, including a projected increase in commercial and multifamily mortgage maturities. The company remains focused on leveraging its strong brand and expanding its service offerings to capture additional market share. However, it acknowledges potential risks related to macroeconomic factors, including interest rate fluctuations and changes in the commercial real estate market, which could impact future performance.